Texas Roadhouse (NASDAQ:TXRH) Price Target Cut to $170.00 by Analysts at Wells Fargo & Company

Texas Roadhouse (NASDAQ:TXRH) had its price objective lowered by analysts at Wells Fargo & Company from $175.00 to $170.00 in a report released on Friday,Benzinga reports. The firm presently has an “equal weight” rating on the restaurant operator’s stock. Wells Fargo & Company‘s target price indicates a potential upside of 4.17% from the stock’s current price.

Other analysts also recently issued reports about the company. Zacks Research downgraded Texas Roadhouse from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 22nd. Citigroup lifted their price target on Texas Roadhouse from $180.00 to $197.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 29th. Melius Research raised shares of Texas Roadhouse to a “strong-buy” rating in a research note on Monday, July 14th. Melius assumed coverage on shares of Texas Roadhouse in a research report on Monday, July 14th. They set a “buy” rating and a $235.00 target price for the company. Finally, Stifel Nicolaus upped their price target on shares of Texas Roadhouse from $180.00 to $188.00 and gave the company a “hold” rating in a report on Friday, July 25th. Two analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Texas Roadhouse currently has a consensus rating of “Moderate Buy” and a consensus target price of $193.47.

Texas Roadhouse Trading Up 1.5%

Shares of TXRH traded up $2.46 during trading hours on Friday, reaching $163.19. The company had a trading volume of 1,195,052 shares, compared to its average volume of 1,122,620. Texas Roadhouse has a 12-month low of $148.73 and a 12-month high of $206.04. The firm has a 50 day simple moving average of $167.76 and a 200-day simple moving average of $177.82. The company has a market capitalization of $10.84 billion, a price-to-earnings ratio of 24.91, a PEG ratio of 2.50 and a beta of 0.87.

Texas Roadhouse (NASDAQ:TXRH) last issued its earnings results on Thursday, November 6th. The restaurant operator reported $1.25 earnings per share for the quarter, missing the consensus estimate of $1.28 by ($0.03). Texas Roadhouse had a return on equity of 31.52% and a net margin of 7.72%.The company had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.43 billion. During the same quarter in the previous year, the company posted $1.26 earnings per share. The company’s quarterly revenue was up 12.8% compared to the same quarter last year. Sell-side analysts forecast that Texas Roadhouse will post 7.23 earnings per share for the current year.

Insider Buying and Selling

In other Texas Roadhouse news, CTO Hernan E. Mujica sold 2,189 shares of Texas Roadhouse stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $172.40, for a total value of $377,383.60. Following the completion of the sale, the chief technology officer directly owned 17,553 shares of the company’s stock, valued at approximately $3,026,137.20. The trade was a 11.09% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Gregory N. Moore sold 3,000 shares of the business’s stock in a transaction on Monday, August 18th. The shares were sold at an average price of $173.06, for a total value of $519,180.00. Following the completion of the transaction, the director owned 34,550 shares of the company’s stock, valued at $5,979,223. This trade represents a 7.99% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 8,342 shares of company stock worth $1,443,704. 0.50% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of TXRH. Farther Finance Advisors LLC boosted its position in shares of Texas Roadhouse by 22.8% in the second quarter. Farther Finance Advisors LLC now owns 312 shares of the restaurant operator’s stock worth $59,000 after acquiring an additional 58 shares during the last quarter. Advisory Alpha LLC raised its stake in Texas Roadhouse by 3.0% during the first quarter. Advisory Alpha LLC now owns 2,063 shares of the restaurant operator’s stock worth $344,000 after purchasing an additional 60 shares during the period. Dakota Wealth Management boosted its holdings in shares of Texas Roadhouse by 3.8% in the 2nd quarter. Dakota Wealth Management now owns 1,675 shares of the restaurant operator’s stock valued at $314,000 after purchasing an additional 61 shares during the last quarter. Valeo Financial Advisors LLC grew its stake in shares of Texas Roadhouse by 2.3% during the 1st quarter. Valeo Financial Advisors LLC now owns 2,750 shares of the restaurant operator’s stock valued at $458,000 after buying an additional 62 shares during the period. Finally, Smartleaf Asset Management LLC increased its holdings in shares of Texas Roadhouse by 14.0% during the 1st quarter. Smartleaf Asset Management LLC now owns 601 shares of the restaurant operator’s stock worth $103,000 after buying an additional 74 shares during the last quarter. Institutional investors and hedge funds own 94.82% of the company’s stock.

Texas Roadhouse Company Profile

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.