Texas Roadhouse (NASDAQ:TXRH) had its price target boosted by analysts at Telsey Advisory Group from $85.00 to $102.00 in a report issued on Thursday, Briefing.com reports. The brokerage presently has a “market perform” rating on the restaurant operator’s stock. Telsey Advisory Group’s target price points to a potential upside of 3.50% from the company’s current price.
TXRH has been the subject of a number of other research reports. MKM Partners boosted their price objective on Texas Roadhouse from $83.00 to $88.00 in a report on Thursday, April 1st. The Goldman Sachs Group began coverage on shares of Texas Roadhouse in a research note on Tuesday, January 19th. They set a “neutral” rating and a $79.00 target price for the company. Raymond James raised their price target on shares of Texas Roadhouse from $100.00 to $108.00 and gave the stock a “strong-buy” rating in a research note on Monday, March 29th. Evercore ISI lifted their price objective on shares of Texas Roadhouse from $83.00 to $95.00 in a report on Wednesday, March 31st. Finally, Barclays upped their target price on shares of Texas Roadhouse from $79.00 to $84.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 25th. One analyst has rated the stock with a sell rating, sixteen have given a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $81.29.
Texas Roadhouse stock opened at $98.55 on Thursday. Texas Roadhouse has a 52-week low of $39.82 and a 52-week high of $100.77. The company has a quick ratio of 0.96, a current ratio of 1.01 and a debt-to-equity ratio of 0.21. The firm’s fifty day moving average is $93.80 and its 200 day moving average is $80.02. The company has a market cap of $6.86 billion, a price-to-earnings ratio of 126.35, a PEG ratio of 3.10 and a beta of 1.00.
In other Texas Roadhouse news, CEO Wayne Kent Taylor sold 70,000 shares of Texas Roadhouse stock in a transaction that occurred on Monday, March 15th. The shares were sold at an average price of $98.40, for a total transaction of $6,888,000.00. Following the completion of the sale, the chief executive officer now directly owns 3,036,295 shares in the company, valued at approximately $298,771,428. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Curtis Warfield sold 2,688 shares of the company’s stock in a transaction dated Monday, March 1st. The stock was sold at an average price of $92.82, for a total value of $249,500.16. Following the completion of the sale, the director now owns 6,875 shares in the company, valued at approximately $638,137.50. The disclosure for this sale can be found here. Insiders have sold 126,525 shares of company stock valued at $11,784,340 in the last three months. 6.16% of the stock is currently owned by corporate insiders.
Several institutional investors have recently made changes to their positions in the company. Endurance Wealth Management Inc. purchased a new position in Texas Roadhouse during the fourth quarter worth about $55,000. James Investment Research Inc. acquired a new position in shares of Texas Roadhouse during the 4th quarter worth about $70,000. Point72 Hong Kong Ltd acquired a new stake in shares of Texas Roadhouse during the 3rd quarter worth about $70,000. Montag A & Associates Inc. purchased a new stake in Texas Roadhouse in the fourth quarter valued at approximately $94,000. Finally, Alpha DNA Investment Management LLC acquired a new position in Texas Roadhouse in the fourth quarter valued at $135,000. 91.73% of the stock is currently owned by institutional investors and hedge funds.
Texas Roadhouse Company Profile
Texas Roadhouse, Inc, together with its subsidiaries, operates casual dining restaurants in the United States and internationally. The company operates and franchises Texas Roadhouse and Bubba's 33 restaurants. As of December 29, 2020, it operated 537 domestic restaurants and 97 franchise restaurants.
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