Texas Roadhouse (NASDAQ:TXRH) Price Target Raised to $200.00 at Mizuho

Texas Roadhouse (NASDAQ:TXRH) had its price target hoisted by equities research analysts at Mizuho from $190.00 to $200.00 in a report issued on Thursday,Benzinga reports. The firm currently has an “outperform” rating on the restaurant operator’s stock. Mizuho’s price objective indicates a potential upside of 9.07% from the company’s current price.

TXRH has been the topic of a number of other reports. Stephens cut their price target on Texas Roadhouse from $175.00 to $168.00 and set an “equal weight” rating on the stock in a report on Friday, November 7th. Citigroup lifted their target price on Texas Roadhouse from $175.00 to $190.00 and gave the company a “neutral” rating in a research report on Monday. The Goldman Sachs Group raised their price target on shares of Texas Roadhouse from $175.00 to $200.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 28th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Texas Roadhouse in a research report on Monday, December 29th. Finally, Barclays boosted their target price on shares of Texas Roadhouse from $170.00 to $185.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 7th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and eleven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $196.57.

Texas Roadhouse Stock Up 0.4%

Shares of NASDAQ:TXRH opened at $183.37 on Thursday. The firm has a market cap of $12.13 billion, a price-to-earnings ratio of 28.04, a PEG ratio of 2.98 and a beta of 0.88. Texas Roadhouse has a 12 month low of $148.73 and a 12 month high of $199.99. The company’s fifty day simple moving average is $178.54 and its 200 day simple moving average is $173.59.

Insider Buying and Selling

In other news, Director Gregory N. Moore sold 1,400 shares of the business’s stock in a transaction on Wednesday, December 3rd. The stock was sold at an average price of $170.00, for a total transaction of $238,000.00. Following the completion of the transaction, the director owned 32,150 shares of the company’s stock, valued at approximately $5,465,500. The trade was a 4.17% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Hugh J. Carroll sold 1,000 shares of the firm’s stock in a transaction dated Thursday, December 4th. The shares were sold at an average price of $167.27, for a total value of $167,270.00. Following the completion of the sale, the director directly owned 1,854 shares in the company, valued at $310,118.58. This trade represents a 35.04% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 12,400 shares of company stock worth $2,320,920. Corporate insiders own 0.50% of the company’s stock.

Institutional Investors Weigh In On Texas Roadhouse

Hedge funds have recently made changes to their positions in the stock. Caerus Investment Advisors LLC bought a new position in Texas Roadhouse in the 4th quarter valued at approximately $393,000. Logan Capital Management Inc. raised its stake in shares of Texas Roadhouse by 4.5% during the fourth quarter. Logan Capital Management Inc. now owns 72,253 shares of the restaurant operator’s stock valued at $11,994,000 after acquiring an additional 3,116 shares during the last quarter. Nuveen LLC raised its stake in shares of Texas Roadhouse by 33.9% during the fourth quarter. Nuveen LLC now owns 467,703 shares of the restaurant operator’s stock valued at $77,639,000 after acquiring an additional 118,444 shares during the last quarter. Empowered Funds LLC acquired a new position in shares of Texas Roadhouse during the fourth quarter worth $91,000. Finally, Deutsche Bank AG grew its stake in shares of Texas Roadhouse by 118.4% in the fourth quarter. Deutsche Bank AG now owns 15,068 shares of the restaurant operator’s stock worth $2,501,000 after purchasing an additional 8,168 shares during the last quarter. 94.82% of the stock is currently owned by institutional investors and hedge funds.

About Texas Roadhouse

Texas Roadhouse, Inc is a casual dining restaurant chain specializing in hand‐cut steaks, fall‐off‐the‐bone ribs, chicken, seafood and house specialties. Each restaurant features a Western‐themed décor, open kitchens and a signature line dance presentation of fresh, made‐from‐scratch sides and breads. The company emphasizes an energetic dining experience, focusing on hospitality, value and a family‐friendly environment.

The concept was created in 1993 by founder Kent Taylor, who sought to combine high‐quality steaks with an approachable, community‐oriented atmosphere.