Texas Roadhouse (NASDAQ:TXRH) Stock Gets Price Target Increase from Mizuho

Texas Roadhouse (NASDAQ:TXRH) had its target price upped by Mizuho from $190.00 to $220.00 in a note issued to investors on Friday, Benzinga reports. The brokerage currently has an “outperform” rating on the restaurant operator’s stock. Mizuho‘s price objective would suggest a potential upside of 20.24% from the stock’s previous close.

Several other equities analysts also recently commented on TXRH. Seaport Research Partners initiated coverage on Texas Roadhouse in a research note on Wednesday, September 16th. They issued a “buy” rating and a $195.00 price objective on the stock. Morgan Stanley increased their price target on Texas Roadhouse from $212.00 to $221.00 and gave the stock an “overweight” rating in a research note on Thursday, October 15th. Citigroup decreased their price objective on Texas Roadhouse from $209.00 to $189.00 and set a “neutral” rating for the company in a report on Friday, October 23rd. Jefferies Financial Group upgraded Texas Roadhouse from a “hold” rating to a “buy” rating and boosted their price objective for the company from $186.00 to $190.00 in a research note on Wednesday, October 14th. Finally, Robert W. Baird upgraded Texas Roadhouse to a “strong-buy” rating in a research note on Monday, August 24th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $206.32.

Texas Roadhouse Stock Up 4.7%

Shares of NASDAQ:TXRH opened at $182.96 on Friday. Texas Roadhouse has a 1 year low of $153.82 and a 1 year high of $216.30. The company has a market capitalization of $12.01 billion, a PE ratio of 29.27, a price-to-earnings-growth ratio of 1.89 and a beta of 0.80. The business has a fifty day moving average price of $174.57 and a two-hundred day moving average price of $179.17. 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 released its earnings results on Thursday, August 6th. The restaurant operator reported $1.85 EPS for the quarter, topping analysts’ consensus estimates of $1.83 by $0.02. The company had revenue of $1.68 billion for the quarter, compared to analysts’ expectations of $1.67 billion. Texas Roadhouse had a return on equity of 27.20% and a net margin of 6.63%. The business’s revenue for the quarter was up 11.1% compared to the same quarter last year. During the same period in the previous year, the business posted $1.86 EPS. Analysts forecast that Texas Roadhouse will post 6.48 earnings per share for the current year.

Insider Activity at Texas Roadhouse

In related news, Director Hugh Carroll sold 650 shares of the business’s stock in a transaction on Tuesday, August 25th. The stock was sold at an average price of $203.99, for a total transaction of $132,593.50. Following the sale, the director directly owned 2,883 shares in the company, valued at approximately $588,103.17. The trade was a 18.40% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Donna Epps sold 820 shares of the stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $206.56, for a total value of $169,379.20. Following the sale, the director directly owned 4,042 shares in the company, valued at $834,915.52. This trade represents a 16.87% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 19,970 shares of company stock worth $4,061,808 in the last 90 days. 0.50% of the stock is owned by company insiders.

Hedge Funds Weigh In On Texas Roadhouse

Several hedge funds have recently bought and sold shares of TXRH. BlackRock Inc. purchased a new stake in Texas Roadhouse in the 2nd quarter worth approximately $1,273,173,000. Wellington Management Group LLP lifted its stake in Texas Roadhouse by 8.4% during the second quarter. Wellington Management Group LLP now owns 1,541,791 shares of the restaurant operator’s stock worth $297,920,000 after purchasing an additional 119,803 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Texas Roadhouse by 4.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 864,006 shares of the restaurant operator’s stock worth $142,670,000 after purchasing an additional 34,385 shares in the last quarter. Bessemer Group Inc. boosted its holdings in shares of Texas Roadhouse by 38.1% in the 1st quarter. Bessemer Group Inc. now owns 732,411 shares of the restaurant operator’s stock worth $120,951,000 after purchasing an additional 202,241 shares in the last quarter. Finally, Bank of America Corp DE purchased a new position in shares of Texas Roadhouse in the 2nd quarter worth about $113,993,000. Hedge funds and other institutional investors own 94.82% of the company’s stock.

Texas Roadhouse Company Profile

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.