Barclays Cuts Texas Roadhouse (NASDAQ:TXRH) Price Target to $178.00

Texas Roadhouse (NASDAQ:TXRH) had its target price lowered by stock analysts at Barclays from $194.00 to $178.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage currently has an “equal weight” rating on the restaurant operator’s stock. Barclays‘s price target suggests a potential upside of 3.75% from the stock’s current price.

A number of other research analysts have also commented on TXRH. BMO Capital Markets boosted their price target on shares of Texas Roadhouse from $155.00 to $162.00 and gave the company a “market perform” rating in a research report on Friday, October 25th. UBS Group lifted their price objective on Texas Roadhouse from $200.00 to $210.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Loop Capital decreased their target price on Texas Roadhouse from $215.00 to $209.00 and set a “buy” rating on the stock in a research note on Monday, October 28th. Wedbush dropped their price target on Texas Roadhouse from $220.00 to $200.00 and set an “outperform” rating for the company in a research report on Friday. Finally, Morgan Stanley raised Texas Roadhouse from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $205.00 to $213.00 in a report on Tuesday, January 21st. Eleven equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $193.45.

Texas Roadhouse Stock Performance

Shares of TXRH opened at $171.57 on Friday. The stock has a market capitalization of $11.45 billion, a price-to-earnings ratio of 29.48, a price-to-earnings-growth ratio of 1.25 and a beta of 1.02. Texas Roadhouse has a 52-week low of $144.82 and a 52-week high of $206.04. The stock’s 50-day simple moving average is $179.58 and its 200 day simple moving average is $180.02.

Texas Roadhouse (NASDAQ:TXRH) last announced its quarterly earnings results on Thursday, February 20th. The restaurant operator reported $1.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.66 by $0.07. Texas Roadhouse had a net margin of 7.65% and a return on equity of 31.33%. On average, research analysts forecast that Texas Roadhouse will post 6.4 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Christopher C. Colson sold 1,370 shares of Texas Roadhouse stock in a transaction 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 directly owns 10,000 shares of the company’s stock, valued at $1,794,600. The trade was a 12.05 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.50% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Texas Roadhouse

A number of large investors have recently added to or reduced their stakes in the company. Norges Bank bought a new position in shares of Texas Roadhouse during the fourth quarter valued at about $155,239,000. FMR LLC increased its holdings in Texas Roadhouse by 81.6% during the 3rd quarter. FMR LLC now owns 898,522 shares of the restaurant operator’s stock valued at $158,679,000 after purchasing an additional 403,720 shares during the period. Franklin Resources Inc. raised its position in Texas Roadhouse by 76.0% during the 3rd quarter. Franklin Resources Inc. now owns 893,925 shares of the restaurant operator’s stock valued at $157,375,000 after purchasing an additional 385,998 shares during the last quarter. Erste Asset Management GmbH bought a new position in Texas Roadhouse during the 3rd quarter valued at approximately $66,609,000. Finally, T. Rowe Price Investment Management Inc. lifted its holdings in Texas Roadhouse by 255.1% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 520,352 shares of the restaurant operator’s stock worth $93,888,000 after buying an additional 373,812 shares during the period. 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.