Texas Roadhouse (NASDAQ:TXRH) Price Target Raised to $195.00

Texas Roadhouse (NASDAQ:TXRH) had its target price hoisted by Citigroup from $189.00 to $195.00 in a report issued on Friday, Benzinga reports. The brokerage presently has a “neutral” rating on the restaurant operator’s stock. Citigroup‘s price target indicates a potential upside of 6.05% from the company’s current price.

A number of other equities research analysts have also recently issued reports on the stock. Vertical Research raised shares of Texas Roadhouse to a “buy” rating in a research report on Wednesday, October 14th. Barclays lowered shares of Texas Roadhouse from an “equal weight” rating to a “cautious” rating in a research report on Wednesday, October 14th. UBS Group lifted their price objective on shares of Texas Roadhouse from $210.00 to $235.00 and gave the stock a “buy” rating in a research note on Monday, August 3rd. Bank of America boosted their price objective on shares of Texas Roadhouse from $225.00 to $227.00 and gave the company a “buy” rating in a report on Friday. Finally, Seaport Research Partners started coverage on shares of Texas Roadhouse in a report on Wednesday, September 16th. They issued a “buy” rating and a $195.00 price objective for the company. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $208.04.

Texas Roadhouse Stock Performance

TXRH traded down $7.91 during trading on Friday, hitting $183.88. The stock had a trading volume of 1,867,609 shares, compared to its average volume of 1,091,587. The company has a 50 day moving average price of $173.05 and a 200-day moving average price of $179.11. The firm has a market cap of $12.07 billion, a price-to-earnings ratio of 29.42, a P/E/G ratio of 2.13 and a beta of 0.81. Texas Roadhouse has a one year low of $153.82 and a one year high of $216.30. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.46 and a quick ratio of 0.39.

Texas Roadhouse (NASDAQ:TXRH) last issued its quarterly earnings data on Thursday, November 5th. The restaurant operator reported $1.36 EPS for the quarter, missing analysts’ consensus estimates of $1.46 by ($0.10). The firm had revenue of $1.57 billion during the quarter, compared to analyst estimates of $1.58 billion. Texas Roadhouse had a net margin of 6.63% and a return on equity of 27.20%. The business’s quarterly revenue was up 9.5% compared to the same quarter last year. During the same period in the prior year, the company earned $1.25 earnings per share. As a group, research analysts predict that Texas Roadhouse will post 6.48 EPS for the current year.

Insider Activity

In related news, Director Gregory N. Moore sold 3,000 shares of the business’s stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $208.32, for a total value of $624,960.00. Following the completion of the transaction, the director owned 26,900 shares of the company’s stock, valued at $5,603,808. The trade was a 10.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Donna E. Epps sold 820 shares of the company’s stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $206.56, for a total transaction of $169,379.20. Following the sale, the director directly owned 4,042 shares of the company’s stock, valued at $834,915.52. This represents a 16.87% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 19,970 shares of company stock worth $4,061,808. 0.50% of the stock is owned by insiders.

Hedge Funds Weigh In On Texas Roadhouse

Several hedge funds have recently bought and sold shares of the company. Basecamp Wealth Advisors LLC lifted its holdings in shares of Texas Roadhouse by 5,033.3% during the 1st quarter. Basecamp Wealth Advisors LLC now owns 154 shares of the restaurant operator’s stock worth $25,000 after acquiring an additional 151 shares during the period. Signature Equity Partners LLC increased its stake in Texas Roadhouse by 906.2% in the third quarter. Signature Equity Partners LLC now owns 161 shares of the restaurant operator’s stock valued at $25,000 after acquiring an additional 145 shares during the last quarter. Silvant Capital Management LLC bought a new position in Texas Roadhouse in the second quarter valued at approximately $32,000. Coppell Advisory Solutions LLC bought a new position in Texas Roadhouse in the second quarter valued at approximately $38,000. Finally, Western Wealth Management LLC acquired a new position in Texas Roadhouse during the first quarter valued at approximately $47,000. 94.82% of the stock is owned by institutional investors.

Key Texas Roadhouse News

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

• Positive Sentiment: Bank of America raised its price target to $227 from $225 and maintained a Buy rating; TD Cowen lifted its target to $213 from $195 and also rated the shares Buy. Bank of America analyst coverage
• Positive Sentiment: The company declared a quarterly dividend of $0.75 per share, equivalent to $3.00 annually and a yield of about 1.6%. Third-quarter results and dividend announcement
• Neutral Sentiment: Texas Roadhouse reported 4.3% same-store sales growth and 9.5% revenue growth year over year, though traffic was softer. Long-term investor takeaways
• Neutral Sentiment: RBC, Wells Fargo and Morgan Stanley lowered their price targets, but retained Outperform, Overweight and Buy ratings, respectively—signaling continued optimism alongside more cautious expectations.
• Negative Sentiment: Third-quarter EPS of $1.36 missed the $1.46 consensus, while revenue of $1.57 billion was slightly below the $1.58 billion estimate. The earnings shortfall and softer traffic are likely weighing on the shares. Third-quarter earnings report

About Texas Roadhouse

Texas Roadhouse, Inc (NASDAQ: TXRH) operates full-service casual dining restaurants under the Texas Roadhouse, Bubba’s 33 and Jaggers brands. Its restaurants serve made-from-scratch meals centered on hand-cut steaks, ribs, chicken, seafood, burgers and other American-style dishes, along with freshly baked rolls and a selection of beverages.

Founded in 1993, Texas Roadhouse began with its first restaurant in Clarksville, Indiana. The company’s restaurant network includes company-owned and franchised locations across the United States, as well as international locations.