Texas Roadhouse (NASDAQ:TXRH) Coverage Initiated by Analysts at Stephens

Analysts at Stephens initiated coverage on shares of Texas Roadhouse (NASDAQ:TXRH) in a note issued to investors on Friday, MarketBeat reports. The firm set an “equal weight” rating and a $150.00 price target on the restaurant operator’s stock. Stephens’ target price would indicate a potential upside of 0.88% from the company’s previous close.

A number of other brokerages have also weighed in on TXRH. BMO Capital Markets raised their target price on Texas Roadhouse from $110.00 to $130.00 and gave the company a “market perform” rating in a research note on Friday, February 16th. Robert W. Baird upgraded Texas Roadhouse from a “neutral” rating to an “outperform” rating and raised their target price for the company from $160.00 to $175.00 in a research note on Wednesday, March 13th. Northcoast Research lowered Texas Roadhouse from a “buy” rating to a “neutral” rating in a research note on Tuesday, February 20th. UBS Group lifted their price objective on Texas Roadhouse from $145.00 to $155.00 and gave the stock a “buy” rating in a research report on Friday, February 16th. Finally, Benchmark started coverage on Texas Roadhouse in a research report on Wednesday. They issued a “hold” rating for the company. Eleven research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $134.30.

Texas Roadhouse Stock Performance

Shares of NASDAQ TXRH traded down $0.28 during midday trading on Friday, reaching $148.69. 19,915 shares of the company traded hands, compared to its average volume of 783,365. The firm has a market cap of $9.94 billion, a PE ratio of 32.89, a PEG ratio of 1.65 and a beta of 0.99. The stock’s 50-day simple moving average is $146.73 and its 200-day simple moving average is $122.72. Texas Roadhouse has a 12 month low of $91.06 and a 12 month high of $157.12.

Texas Roadhouse (NASDAQ:TXRH) last announced its earnings results on Thursday, February 15th. The restaurant operator reported $1.08 earnings per share for the quarter, beating analysts’ consensus estimates of $1.07 by $0.01. Texas Roadhouse had a return on equity of 27.43% and a net margin of 6.58%. The company had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.16 billion. During the same period last year, the company posted $0.89 earnings per share. The firm’s quarterly revenue was up 15.3% compared to the same quarter last year. On average, equities research analysts expect that Texas Roadhouse will post 5.71 EPS for the current year.

Insiders Place Their Bets

In other Texas Roadhouse news, Director Donna E. Epps sold 670 shares of the company’s stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $149.97, for a total transaction of $100,479.90. Following the completion of the transaction, the director now owns 4,142 shares of the company’s stock, valued at approximately $621,175.74. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Texas Roadhouse news, Director Donna E. Epps sold 670 shares of the company’s stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $149.97, for a total transaction of $100,479.90. Following the completion of the transaction, the director now owns 4,142 shares of the company’s stock, valued at approximately $621,175.74. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, President Regina A. Tobin sold 3,064 shares of the company’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $150.07, for a total value of $459,814.48. Following the transaction, the president now directly owns 15,261 shares of the company’s stock, valued at approximately $2,290,218.27. The disclosure for this sale can be found here. Insiders sold a total of 12,382 shares of company stock valued at $1,843,145 in the last quarter. 0.50% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Texas Roadhouse

Institutional investors and hedge funds have recently made changes to their positions in the stock. Comerica Bank bought a new stake in shares of Texas Roadhouse during the 3rd quarter worth approximately $10,585,000. Bamco Inc. NY raised its stake in shares of Texas Roadhouse by 16.9% during the 3rd quarter. Bamco Inc. NY now owns 296,213 shares of the restaurant operator’s stock worth $28,466,000 after purchasing an additional 42,755 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Texas Roadhouse by 1.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 754,658 shares of the restaurant operator’s stock worth $72,523,000 after purchasing an additional 8,219 shares in the last quarter. Assenagon Asset Management S.A. bought a new stake in shares of Texas Roadhouse during the 3rd quarter worth approximately $8,748,000. Finally, Boston Trust Walden Corp raised its stake in shares of Texas Roadhouse by 12.9% during the 4th quarter. Boston Trust Walden Corp now owns 777,202 shares of the restaurant operator’s stock worth $94,997,000 after purchasing an additional 89,019 shares in the last quarter. 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.