Texas Roadhouse (NASDAQ:TXRH) Receives Equal Weight Rating from Stephens

Texas Roadhouse (NASDAQ:TXRH)‘s stock had its “equal weight” rating restated by investment analysts at Stephens in a research report issued on Tuesday,Benzinga reports. They currently have a $170.00 price objective on the restaurant operator’s stock. Stephens’ price target suggests a potential downside of 10.52% from the stock’s current price.

Other analysts have also recently issued reports about the company. Citigroup cut Texas Roadhouse from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $213.00 to $164.00 in a research note on Wednesday, April 23rd. Guggenheim reduced their price target on Texas Roadhouse from $205.00 to $200.00 and set a “buy” rating on the stock in a research report on Thursday, February 27th. Wells Fargo & Company lowered their price objective on Texas Roadhouse from $175.00 to $170.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 22nd. Barclays reduced their target price on shares of Texas Roadhouse from $179.00 to $175.00 and set an “equal weight” rating on the stock in a report on Friday, May 9th. Finally, Stifel Nicolaus lowered their price target on shares of Texas Roadhouse from $172.00 to $170.00 and set a “hold” rating for the company in a report on Tuesday, April 15th. Ten equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $191.71.

Texas Roadhouse Stock Down 2.5%

Shares of TXRH traded down $4.79 during midday trading on Tuesday, reaching $190.00. The company had a trading volume of 316,488 shares, compared to its average volume of 913,004. The firm has a 50 day simple moving average of $176.23 and a 200-day simple moving average of $179.24. The stock has a market cap of $12.60 billion, a PE ratio of 29.39, a price-to-earnings-growth ratio of 1.23 and a beta of 0.90. Texas Roadhouse has a 1-year low of $148.73 and a 1-year high of $206.04.

Texas Roadhouse (NASDAQ:TXRH) last released its quarterly earnings results on Thursday, May 8th. The restaurant operator reported $1.70 EPS for the quarter, missing analysts’ consensus estimates of $1.75 by ($0.05). Texas Roadhouse had a return on equity of 34.02% and a net margin of 8.07%. The firm had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.44 billion. During the same quarter last year, the company earned $1.69 earnings per share. The firm’s revenue for the quarter was up 11.8% on a year-over-year basis. As a group, sell-side analysts anticipate that Texas Roadhouse will post 7.23 earnings per share for the current fiscal year.

Insider Buying and Selling at Texas Roadhouse

In other news, Director Donna E. Epps sold 800 shares of the business’s stock in a transaction that occurred on Friday, May 23rd. The stock was sold at an average price of $186.52, for a total transaction of $149,216.00. Following the sale, the director now owns 4,632 shares of the company’s stock, valued at $863,960.64. The trade was a 14.73% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Gregory N. Moore sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $187.62, for a total transaction of $187,620.00. Following the transaction, the director now directly owns 38,050 shares in the company, valued at $7,138,941. The trade was a 2.56% decrease in their position. The disclosure for this sale can be found here. 0.50% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of TXRH. Vanguard Group Inc. raised its position in shares of Texas Roadhouse by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 6,540,615 shares of the restaurant operator’s stock valued at $1,180,123,000 after acquiring an additional 76,051 shares in the last quarter. Invesco Ltd. increased its position in Texas Roadhouse by 5.9% in the fourth quarter. Invesco Ltd. now owns 2,479,323 shares of the restaurant operator’s stock worth $447,344,000 after buying an additional 138,675 shares during the period. Axiom Investors LLC DE boosted its holdings in shares of Texas Roadhouse by 3,696.7% during the first quarter. Axiom Investors LLC DE now owns 2,173,807 shares of the restaurant operator’s stock valued at $362,221,000 after acquiring an additional 2,116,552 shares during the period. T. Rowe Price Investment Management Inc. grew its position in shares of Texas Roadhouse by 209.3% during the first quarter. T. Rowe Price Investment Management Inc. now owns 1,609,608 shares of the restaurant operator’s stock worth $268,209,000 after acquiring an additional 1,089,256 shares during the last quarter. Finally, FMR LLC increased its holdings in shares of Texas Roadhouse by 44.8% in the 4th quarter. FMR LLC now owns 1,300,987 shares of the restaurant operator’s stock worth $234,737,000 after acquiring an additional 402,465 shares during the period. Hedge funds and other institutional investors own 94.82% of the company’s stock.

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.