Texas Roadhouse (NASDAQ:TXRH) Price Target Raised to $213.00 at Citigroup

Texas Roadhouse (NASDAQ:TXRH) had its price target upped by research analysts at Citigroup from $212.00 to $213.00 in a report issued on Friday,Benzinga reports. The firm currently has a “buy” rating on the restaurant operator’s stock. Citigroup’s price objective would indicate a potential upside of 26.73% from the stock’s previous close.

Several other research firms have also recently commented on TXRH. UBS Group raised their target price on shares of Texas Roadhouse from $200.00 to $210.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Gordon Haskett cut shares of Texas Roadhouse from a “buy” rating to a “hold” rating and set a $192.00 target price for the company. in a research report on Wednesday, January 8th. Truist Financial dropped their target price on shares of Texas Roadhouse from $209.00 to $205.00 and set a “buy” rating for the company in a research report on Friday. Stifel Nicolaus dropped their target price on shares of Texas Roadhouse from $185.00 to $172.00 and set a “hold” rating for the company in a research report on Friday. Finally, Wedbush dropped their target price on shares of Texas Roadhouse from $220.00 to $200.00 and set an “outperform” rating for the company in a research report on Friday. Eleven equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $192.32.

Texas Roadhouse Price Performance

TXRH traded down $3.50 during trading on Friday, hitting $168.07. 1,461,135 shares of the stock traded hands, compared to its average volume of 1,037,060. The firm has a market capitalization of $11.21 billion, a P/E ratio of 28.88, a price-to-earnings-growth ratio of 1.25 and a beta of 1.02. The firm has a 50-day moving average of $179.58 and a 200 day moving average of $180.02. Texas Roadhouse has a 12-month low of $146.51 and a 12-month high of $206.04.

Texas Roadhouse (NASDAQ:TXRH) last announced its quarterly earnings results on Thursday, February 20th. The restaurant operator reported $1.73 earnings per share for the quarter, beating the consensus estimate of $1.66 by $0.07. The business had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.41 billion. Texas Roadhouse had a net margin of 7.65% and a return on equity of 31.33%. As a group, equities analysts predict that Texas Roadhouse will post 6.4 EPS for the current fiscal year.

Insider Buying and Selling at Texas Roadhouse

In other news, insider Christopher C. Colson sold 1,370 shares of Texas Roadhouse stock in a transaction that occurred on Friday, January 10th. The shares were sold at an average price of $179.46, for a total value of $245,860.20. Following the completion of the sale, the insider now directly owns 10,000 shares in the company, valued at $1,794,600. The trade was a 12.05 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.50% of the stock is owned by company insiders.

Institutional Trading of Texas Roadhouse

Large investors have recently made changes to their positions in the stock. True Wealth Design LLC bought a new stake in shares of Texas Roadhouse in the third quarter worth approximately $30,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Texas Roadhouse in the fourth quarter worth approximately $30,000. PSI Advisors LLC grew its stake in shares of Texas Roadhouse by 70.8% in the third quarter. PSI Advisors LLC now owns 181 shares of the restaurant operator’s stock worth $32,000 after acquiring an additional 75 shares during the period. Coppell Advisory Solutions LLC grew its stake in shares of Texas Roadhouse by 56.8% in the fourth quarter. Coppell Advisory Solutions LLC now owns 196 shares of the restaurant operator’s stock worth $35,000 after acquiring an additional 71 shares during the period. Finally, SBI Securities Co. Ltd. purchased a new position in shares of Texas Roadhouse in the fourth quarter worth approximately $36,000. 94.82% of the stock is currently owned by institutional investors.

About Texas Roadhouse

Texas Roadhouse, Inc, together with its subsidiaries, operates casual dining restaurants in the United States and internationally. It also operates and franchises restaurants under the Texas Roadhouse, Bubba's 33, and Jaggers names in 49 states and ten internationally. Texas Roadhouse, Inc was founded in 1993 and is based in Louisville, Kentucky.