Texas Roadhouse, Inc. (NASDAQ:TXRH) Receives Average Recommendation of “Hold” from Brokerages

Texas Roadhouse, Inc. (NASDAQ:TXRH) has earned a consensus recommendation of “Hold” from the twenty-five ratings firms that are covering the firm, Marketbeat Ratings reports. Thirteen research analysts have rated the stock with a hold rating and twelve have issued a buy rating on the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $191.26.

A number of analysts have commented on the stock. Morgan Stanley upgraded shares of Texas Roadhouse from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $205.00 to $213.00 in a research note on Tuesday, January 21st. Evercore ISI boosted their target price on shares of Texas Roadhouse from $195.00 to $200.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 15th. Stifel Nicolaus raised their price target on shares of Texas Roadhouse from $180.00 to $195.00 and gave the company a “hold” rating in a research report on Friday, October 25th. Robert W. Baird lifted their price target on Texas Roadhouse from $190.00 to $205.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a $200.00 price objective on shares of Texas Roadhouse in a research note on Thursday, January 16th.

Texas Roadhouse Stock Performance

Shares of Texas Roadhouse stock opened at $178.45 on Friday. Texas Roadhouse has a 52 week low of $130.04 and a 52 week high of $206.04. The stock has a 50 day moving average price of $184.74 and a two-hundred day moving average price of $179.89. The stock has a market capitalization of $11.90 billion, a PE ratio of 30.66, a price-to-earnings-growth ratio of 1.30 and a beta of 1.02.

Insider Activity at Texas Roadhouse

In related news, Director Donna E. Epps sold 610 shares of Texas Roadhouse stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $195.66, for a total value of $119,352.60. Following the completion of the transaction, the director now directly owns 3,532 shares in the company, valued at approximately $691,071.12. The trade was a 14.73 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Christopher C. Colson sold 1,370 shares of the business’s stock in a transaction on Friday, January 10th. The shares were sold at an average price of $179.46, for a total transaction of $245,860.20. Following the sale, the insider now directly owns 10,000 shares in the company, valued at $1,794,600. The trade was a 12.05 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 3,480 shares of company stock worth $668,603. Insiders own 0.50% of the company’s stock.

Institutional Trading of Texas Roadhouse

A number of hedge funds and other institutional investors have recently made changes to their positions in TXRH. FMR LLC lifted its stake in Texas Roadhouse by 81.6% in the 3rd quarter. FMR LLC now owns 898,522 shares of the restaurant operator’s stock worth $158,679,000 after purchasing an additional 403,720 shares in the last quarter. Franklin Resources Inc. raised its position in shares of Texas Roadhouse by 76.0% in the third quarter. Franklin Resources Inc. now owns 893,925 shares of the restaurant operator’s stock worth $157,375,000 after buying an additional 385,998 shares in the last quarter. Erste Asset Management GmbH purchased a new stake in shares of Texas Roadhouse in the third quarter worth $66,609,000. Raymond James Financial Inc. bought a new stake in Texas Roadhouse during the fourth quarter valued at $55,177,000. Finally, Fiera Capital Corp purchased a new position in Texas Roadhouse during the third quarter worth about $41,670,000. 94.82% of the stock is currently owned by 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.