Texas Roadhouse (NASDAQ:TXRH) had its price objective increased by research analysts at Telsey Advisory Group from $85.00 to $102.00 in a research note issued to investors on Thursday, Briefing.com reports. The brokerage currently has a “market perform” rating on the restaurant operator’s stock. Telsey Advisory Group’s price target would indicate a potential upside of 3.50% from the company’s previous close.
TXRH has been the subject of a number of other research reports. TheStreet lowered Texas Roadhouse from a “b-” rating to a “c” rating in a research report on Thursday, February 18th. Wedbush increased their target price on Texas Roadhouse from $89.00 to $100.00 and gave the company an “outperform” rating in a research note on Tuesday, February 9th. The Goldman Sachs Group assumed coverage on Texas Roadhouse in a research report on Tuesday, January 19th. They issued a “neutral” rating and a $79.00 price target on the stock. MKM Partners increased their price objective on Texas Roadhouse from $83.00 to $88.00 in a research report on Thursday, April 1st. Finally, Credit Suisse Group boosted their target price on shares of Texas Roadhouse from $90.00 to $95.00 and gave the stock an “outperform” rating in a research report on Monday, March 1st. One analyst has rated the stock with a sell rating, sixteen have assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $81.29.
Shares of NASDAQ TXRH opened at $98.55 on Thursday. 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 stock has a market capitalization of $6.86 billion, a P/E ratio of 126.35, a PEG ratio of 3.10 and a beta of 1.00. Texas Roadhouse has a 52-week low of $39.82 and a 52-week high of $100.77. The stock’s 50 day moving average price is $93.80 and its two-hundred day moving average price is $80.02.
In other Texas Roadhouse news, Director Curtis Warfield sold 2,688 shares of Texas Roadhouse stock in a transaction that occurred on Monday, March 1st. The shares were sold at an average price of $92.82, for a total transaction of $249,500.16. Following the completion of the sale, the director now directly owns 6,875 shares in the company, valued at $638,137.50. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Wayne Kent Taylor sold 70,000 shares of the business’s stock in a transaction that occurred on Monday, March 15th. The stock was sold at an average price of $98.40, for a total transaction of $6,888,000.00. Following the completion of the transaction, the chief executive officer now directly owns 3,036,295 shares of the company’s stock, valued at approximately $298,771,428. The disclosure for this sale can be found here. Insiders sold 126,525 shares of company stock valued at $11,784,340 over the last three months. Company insiders own 6.16% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Price T Rowe Associates Inc. MD increased its stake in Texas Roadhouse by 315.1% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,141,594 shares of the restaurant operator’s stock valued at $89,227,000 after acquiring an additional 866,565 shares during the last quarter. Norges Bank purchased a new position in Texas Roadhouse in the 4th quarter worth approximately $55,676,000. BlackRock Inc. grew its holdings in Texas Roadhouse by 5.9% in the 4th quarter. BlackRock Inc. now owns 8,426,459 shares of the restaurant operator’s stock worth $658,613,000 after acquiring an additional 468,138 shares during the last quarter. Ninety One UK Ltd purchased a new stake in Texas Roadhouse in the 4th quarter worth approximately $35,514,000. Finally, Hood River Capital Management LLC increased its position in Texas Roadhouse by 90.4% during the 4th quarter. Hood River Capital Management LLC now owns 516,908 shares of the restaurant operator’s stock valued at $40,402,000 after purchasing an additional 245,394 shares during the period. 91.73% of the stock is owned by institutional investors.
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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