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

Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) have been given a consensus rating of “Hold” by the twenty-five analysts that are covering the firm, Marketbeat Ratings reports. Thirteen research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $191.26.

Several research firms recently issued reports on TXRH. Barclays raised their price target on Texas Roadhouse from $160.00 to $175.00 and gave the company an “equal weight” rating in a report on Friday, October 25th. Royal Bank of Canada restated a “sector perform” rating and issued a $200.00 price objective on shares of Texas Roadhouse in a research report on Thursday, January 16th. Bank of America raised their target price on shares of Texas Roadhouse from $206.00 to $234.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. The Goldman Sachs Group started coverage on Texas Roadhouse in a report on Thursday, December 5th. They issued a “neutral” rating and a $213.00 price target on the stock. Finally, Wedbush restated an “outperform” rating and set a $200.00 target price on shares of Texas Roadhouse in a report on Thursday, December 19th.

Texas Roadhouse Trading Up 1.7 %

TXRH stock opened at $171.43 on Friday. The business’s 50 day moving average is $182.04 and its 200-day moving average is $180.04. Texas Roadhouse has a 1-year low of $130.15 and a 1-year high of $206.04. The firm has a market cap of $11.44 billion, a P/E ratio of 29.46, a P/E/G ratio of 1.28 and a beta of 1.02.

Insider Activity at Texas Roadhouse

In related news, insider Christopher C. Colson sold 1,370 shares of Texas Roadhouse stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $179.46, for a total transaction 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. This trade represents a 12.05 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.50% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. increased its position in Texas Roadhouse by 41.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 684 shares of the restaurant operator’s stock worth $117,000 after acquiring an additional 199 shares during the period. Cetera Investment Advisers grew its position in shares of Texas Roadhouse by 125.1% during the 2nd quarter. Cetera Investment Advisers now owns 6,392 shares of the restaurant operator’s stock worth $1,098,000 after purchasing an additional 3,553 shares in the last quarter. Sanctuary Advisors LLC bought a new position in shares of Texas Roadhouse during the second quarter worth approximately $953,000. GAMMA Investing LLC raised its position in shares of Texas Roadhouse by 14.2% in the third quarter. GAMMA Investing LLC now owns 1,198 shares of the restaurant operator’s stock valued at $212,000 after buying an additional 149 shares in the last quarter. Finally, CWM LLC boosted its stake in shares of Texas Roadhouse by 47.0% in the third quarter. CWM LLC now owns 10,172 shares of the restaurant operator’s stock valued at $1,796,000 after buying an additional 3,250 shares during the period. Institutional investors 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.