Citigroup Lowers Texas Roadhouse (NASDAQ:TXRH) Price Target to $174.00

Texas Roadhouse (NASDAQ:TXRH) had its target price dropped by investment analysts at Citigroup from $176.00 to $174.00 in a research note issued on Friday,Benzinga reports. The firm presently has a “neutral” rating on the restaurant operator’s stock. Citigroup’s price target would suggest a potential downside of 1.86% from the company’s previous close.

Several other brokerages have also commented on TXRH. Royal Bank Of Canada raised their price target on shares of Texas Roadhouse from $175.00 to $180.00 and gave the company a “sector perform” rating in a research note on Friday. Mizuho raised their price target on shares of Texas Roadhouse from $190.00 to $200.00 and gave the company an “outperform” rating in a research note on Thursday, February 12th. Truist Financial dropped their price target on shares of Texas Roadhouse from $188.00 to $186.00 and set a “hold” rating on the stock in a research note on Friday, February 20th. Benchmark restated a “hold” rating on shares of Texas Roadhouse in a research note on Monday, February 23rd. Finally, Stephens raised their price target on shares of Texas Roadhouse from $168.00 to $180.00 and gave the company an “equal weight” rating in a research note on Friday, February 20th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and fourteen have assigned a Hold rating to the company’s stock. According to MarketBeat, Texas Roadhouse currently has a consensus rating of “Hold” and an average target price of $193.90.

Texas Roadhouse Trading Up 12.3%

TXRH traded up $19.37 on Friday, hitting $177.30. 2,897,295 shares of the company’s stock were exchanged, compared to its average volume of 1,045,903. The stock has a fifty day moving average of $166.81 and a two-hundred day moving average of $172.64. Texas Roadhouse has a twelve month low of $153.82 and a twelve month high of $199.99. The firm has a market cap of $11.69 billion, a PE ratio of 29.11, a P/E/G ratio of 1.83 and a beta of 0.77.

Texas Roadhouse (NASDAQ:TXRH) last announced its quarterly earnings results on Thursday, May 7th. The restaurant operator reported $1.87 EPS for the quarter, beating the consensus estimate of $1.80 by $0.07. Texas Roadhouse had a net margin of 6.90% and a return on equity of 27.88%. The company had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.64 billion. During the same quarter last year, the business earned $1.70 earnings per share. Texas Roadhouse’s revenue was up 10.5% compared to the same quarter last year. On average, analysts predict that Texas Roadhouse will post 6.33 EPS for the current year.

Insider Activity

In related news, Director Donna E. Epps sold 850 shares of the firm’s stock in a transaction that occurred on Friday, March 6th. The shares were sold at an average price of $172.45, for a total transaction of $146,582.50. Following the completion of the sale, the director directly owned 4,892 shares in the company, valued at approximately $843,625.40. This trade represents a 14.80% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, President Regina A. Tobin sold 4,450 shares of the firm’s stock in a transaction that occurred on Thursday, March 19th. The stock was sold at an average price of $171.00, for a total transaction of $760,950.00. Following the sale, the president owned 13,778 shares of the company’s stock, valued at $2,356,038. The trade was a 24.41% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 12,988 shares of company stock valued at $2,218,144 over the last 90 days. Corporate insiders own 0.50% of the company’s stock.

Institutional Trading of Texas Roadhouse

Large investors have recently added to or reduced their stakes in the business. Oak Thistle LLC bought a new stake in Texas Roadhouse during the fourth quarter worth approximately $1,553,000. Capital World Investors boosted its holdings in Texas Roadhouse by 580.2% during the third quarter. Capital World Investors now owns 2,236,885 shares of the restaurant operator’s stock worth $371,658,000 after buying an additional 1,908,033 shares in the last quarter. Caprock Group LLC bought a new stake in Texas Roadhouse during the third quarter worth approximately $1,070,000. Bfsg LLC boosted its holdings in Texas Roadhouse by 111.1% during the third quarter. Bfsg LLC now owns 29,798 shares of the restaurant operator’s stock worth $4,951,000 after buying an additional 15,682 shares in the last quarter. Finally, Cinctive Capital Management LP bought a new stake in Texas Roadhouse during the third quarter worth approximately $18,915,000. 94.82% of the stock is currently owned by institutional investors.

Texas Roadhouse News Summary

Here are the key news stories impacting Texas Roadhouse this week:

• Positive Sentiment: Texas Roadhouse reported first-quarter EPS of $1.87, ahead of consensus estimates, while revenue rose 10.5% year over year to $1.63 billion, signaling continued demand for its restaurants.
• Positive Sentiment: The company raised its quarterly dividend to $0.75 per share, reinforcing management’s confidence in cash generation and giving income-focused investors a larger payout.
• Positive Sentiment: Several market headlines pointed to the stock surging after the earnings release, suggesting investors viewed the quarter as better than expected overall, despite a slight revenue miss versus estimates.
• Neutral Sentiment: Analysts and commentary were mixed on the report: earnings were strong, but revenue came in slightly below expectations, keeping some caution around how much upside is left after the post-earnings move.
• Neutral Sentiment: A Seeking Alpha piece on May 8 upgraded the stock, but described upside potential as only moderate, implying the shares may be fairly valued after the recent run-up. Texas Roadhouse: It Hasn’t Bottomed Out Yet, But Upside Potential Is Medium Well (Rating Upgrade)

About Texas Roadhouse

Texas Roadhouse, Inc is a casual dining restaurant chain specializing in hand‐cut steaks, fall‐off‐the‐bone ribs, chicken, seafood and house specialties. Each restaurant features a Western‐themed décor, open kitchens and a signature line dance presentation of fresh, made‐from‐scratch sides and breads. The company emphasizes an energetic dining experience, focusing on hospitality, value and a family‐friendly environment.

The concept was created in 1993 by founder Kent Taylor, who sought to combine high‐quality steaks with an approachable, community‐oriented atmosphere.