Texas Roadhouse (NASDAQ:TXRH) Price Target Lowered to $205.00 at Truist Financial

Texas Roadhouse (NASDAQ:TXRH) had its price objective dropped by stock analysts at Truist Financial from $209.00 to $205.00 in a research report issued on Friday,Benzinga reports. The firm presently has a “buy” rating on the restaurant operator’s stock. Truist Financial’s target price indicates a potential upside of 21.21% from the company’s previous close.

A number of other equities analysts also recently weighed in on the stock. Loop Capital cut their price target on shares of Texas Roadhouse from $215.00 to $209.00 and set a “buy” rating on the stock in a research note on Monday, October 28th. Barclays cut their price target on shares of Texas Roadhouse from $194.00 to $178.00 and set an “equal weight” rating on the stock in a research note on Friday. Wedbush cut their target price on shares of Texas Roadhouse from $220.00 to $200.00 and set an “outperform” rating on the stock in a research note on Friday. Royal Bank of Canada reissued a “sector perform” rating and issued a $200.00 target price on shares of Texas Roadhouse in a research note on Thursday, January 16th. Finally, Stifel Nicolaus cut their target price on shares of Texas Roadhouse from $185.00 to $172.00 and set a “hold” rating on the stock in a research note on Friday. Eleven equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $192.50.

Texas Roadhouse Stock Performance

Shares of TXRH opened at $169.13 on Friday. The company has a market capitalization of $11.28 billion, a price-to-earnings ratio of 26.14, a PEG ratio of 1.23 and a beta of 1.02. The company’s 50 day simple moving average is $179.22 and its 200 day simple moving average is $180.17. Texas Roadhouse has a 1 year low of $146.51 and a 1 year high of $206.04.

Texas Roadhouse (NASDAQ:TXRH) last announced its quarterly earnings data on Thursday, February 20th. The restaurant operator reported $1.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.66 by $0.07. The business had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.41 billion. Texas Roadhouse had a net margin of 8.07% and a return on equity of 34.02%. Equities analysts expect that Texas Roadhouse will post 7.23 EPS for the current fiscal year.

Insider Transactions 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 transaction, the insider now owns 10,000 shares of the company’s stock, valued at $1,794,600. The trade was a 12.05 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 0.50% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. True Wealth Design LLC purchased a new position in shares of Texas Roadhouse in the third quarter worth approximately $30,000. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Texas Roadhouse in the fourth quarter worth approximately $30,000. PSI Advisors LLC increased its position 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 in the last quarter. Coppell Advisory Solutions LLC grew its position in Texas Roadhouse by 56.8% during the fourth quarter. Coppell Advisory Solutions LLC now owns 196 shares of the restaurant operator’s stock valued at $35,000 after purchasing an additional 71 shares in the last quarter. Finally, SBI Securities Co. Ltd. purchased a new position in Texas Roadhouse during the fourth quarter valued at approximately $36,000. 94.82% of the stock is owned by hedge funds and other 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.