Texas Roadhouse’s (TXRH) Sector Perform Rating Reiterated at Royal Bank of Canada

Texas Roadhouse (NASDAQ:TXRH)‘s stock had its “sector perform” rating reissued by equities research analysts at Royal Bank of Canada in a research note issued on Thursday,Benzinga reports. They presently have a $200.00 price objective on the restaurant operator’s stock. Royal Bank of Canada’s price objective suggests a potential upside of 11.76% from the stock’s current price.

A number of other equities research analysts have also recently issued reports on TXRH. The Goldman Sachs Group began coverage on shares of Texas Roadhouse in a research report on Thursday, December 5th. They issued a “neutral” rating and a $213.00 target price for the company. Citigroup increased their target price on shares of Texas Roadhouse from $192.00 to $201.00 and gave the stock a “buy” rating in a research report on Tuesday, October 1st. Wedbush reiterated an “outperform” rating and issued a $200.00 price target on shares of Texas Roadhouse in a research report on Thursday, December 19th. Morgan Stanley increased their price target on Texas Roadhouse from $200.00 to $205.00 and gave the stock an “equal weight” rating in a research report on Friday, October 25th. Finally, Truist Financial upped their target price on Texas Roadhouse from $207.00 to $209.00 and gave the company a “buy” rating in a research report on Wednesday, January 8th. Fourteen equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $190.91.

Texas Roadhouse Stock Performance

Shares of TXRH stock opened at $178.95 on Thursday. Texas Roadhouse has a 52 week low of $117.98 and a 52 week high of $206.04. The company has a market capitalization of $11.94 billion, a price-to-earnings ratio of 30.75, a PEG ratio of 1.34 and a beta of 1.01. The company has a 50-day simple moving average of $189.06 and a 200 day simple moving average of $178.75.

Texas Roadhouse (NASDAQ:TXRH) last issued its quarterly earnings data on Thursday, October 24th. The restaurant operator reported $1.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.32 by ($0.06). The firm had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.27 billion. Texas Roadhouse had a return on equity of 31.33% and a net margin of 7.65%. The company’s revenue was up 13.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.95 EPS. Sell-side analysts forecast that Texas Roadhouse will post 6.4 EPS for the current year.

Insider Transactions at Texas Roadhouse

In other Texas Roadhouse news, Director Donna E. Epps sold 610 shares of Texas Roadhouse stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $195.66, for a total transaction of $119,352.60. Following the transaction, the director now directly owns 3,532 shares of the company’s stock, valued at approximately $691,071.12. The trade was a 14.73 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Christopher C. Colson sold 1,370 shares of the stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $179.46, for a total value of $245,860.20. Following the completion of the sale, the insider now directly owns 10,000 shares of the company’s stock, valued at approximately $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 90 days, insiders have sold 3,480 shares of company stock worth $668,603. Company insiders own 0.50% of the company’s stock.

Institutional Investors Weigh In On Texas Roadhouse

A number of institutional investors have recently modified their holdings of the company. Hollencrest Capital Management acquired a new position in Texas Roadhouse in the second quarter valued at $25,000. True Wealth Design LLC bought a new position in shares of Texas Roadhouse in the 3rd quarter worth about $30,000. PSI Advisors LLC lifted its stake in shares of Texas Roadhouse by 70.8% in the 3rd quarter. PSI Advisors LLC now owns 181 shares of the restaurant operator’s stock valued at $32,000 after purchasing an additional 75 shares during the period. UMB Bank n.a. boosted its position in shares of Texas Roadhouse by 118.6% during the 3rd quarter. UMB Bank n.a. now owns 258 shares of the restaurant operator’s stock valued at $46,000 after purchasing an additional 140 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB grew its stake in Texas Roadhouse by 32.2% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 267 shares of the restaurant operator’s stock worth $48,000 after purchasing an additional 65 shares during the period. 94.82% of the stock is 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.