Texas Roadhouse, Inc. (NASDAQ:TXRH) Receives $191.26 Average Price Target from Brokerages

Texas Roadhouse, Inc. (NASDAQ:TXRH) has been assigned an average rating of “Hold” from the twenty-five analysts that are currently covering the firm, Marketbeat.com reports. Thirteen research analysts have rated the stock with a hold recommendation and twelve have assigned a buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $191.26.

TXRH has been the subject of a number of recent research reports. Barclays boosted their price target on shares of Texas Roadhouse from $160.00 to $175.00 and gave the company an “equal weight” rating in a research note on Friday, October 25th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $200.00 price objective on shares of Texas Roadhouse in a report on Thursday, January 16th. Morgan Stanley raised shares of Texas Roadhouse from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $205.00 to $213.00 in a report on Tuesday, January 21st. The Goldman Sachs Group assumed coverage on shares of Texas Roadhouse in a report on Thursday, December 5th. They set a “neutral” rating and a $213.00 price objective on the stock. Finally, Wedbush reaffirmed an “outperform” rating and set a $200.00 price objective on shares of Texas Roadhouse in a report on Thursday, December 19th.

Texas Roadhouse Trading Down 1.6 %

Shares of TXRH stock opened at $170.77 on Friday. The firm has a market capitalization of $11.39 billion, a PE ratio of 29.34, a price-to-earnings-growth ratio of 1.28 and a beta of 1.02. The firm has a fifty day simple moving average of $183.17 and a two-hundred day simple moving average of $180.11. Texas Roadhouse has a 12 month low of $130.15 and a 12 month high of $206.04.

Insider Activity at Texas Roadhouse

In other news, insider Christopher C. Colson sold 1,370 shares of the company’s stock in a transaction dated Friday, January 10th. The stock was 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. This represents a 12.05 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CTO Hernan E. Mujica sold 1,500 shares of the company’s stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $202.26, for a total value of $303,390.00. Following the sale, the chief technology officer now owns 16,342 shares in the company, valued at approximately $3,305,332.92. This represents a 8.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.50% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Texas Roadhouse

Several hedge funds and other institutional investors have recently modified their holdings of the stock. True Wealth Design LLC bought a new position in shares of Texas Roadhouse in the third quarter worth approximately $30,000. Mirae Asset Global Investments Co. Ltd. bought 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 purchasing an additional 75 shares during the last quarter. SBI Securities Co. Ltd. bought a new position in shares of Texas Roadhouse in the fourth quarter worth approximately $36,000. Finally, UMB Bank n.a. increased its position in shares of Texas Roadhouse by 118.6% in the third quarter. UMB Bank n.a. now owns 258 shares of the restaurant operator’s stock worth $46,000 after purchasing an additional 140 shares during the last quarter. 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.