2 days Ago By ABMN Staff
Texas Roadhouse ( NASDAQ:TXRH – Get Free Report ) had its target price decreased by stock analysts at Stifel Nicolaus from $172.00 to $170.00 in a research report issued on Tuesday, Marketbeat reports.
The firm presently has a “hold” rating on the restaurant operator’s stock. Stifel Nicolaus’ price objective suggests a potential upside of 5.91% from the stock’s current price.
TXRH has been the subject of several other research reports. Barclays dropped their price objective on shares of Texas Roadhouse from $194.00 to $178.
00 and set an “equal weight” rating for the company in a research note on Friday, February 21st. Gordon Haskett downgraded Texas Roadhouse from a “buy” rating to a “hold” rating and set a $192.00 price objective on the stock.
in a report on Wednesday, January 8th. Royal Bank of Canada reduced their price objective on Texas Roadhouse from $200.00 to $180.
00 and set a “sector perform” rating on the stock in a research report on Friday, February 21st. Truist Financial dropped their target price on Texas Roadhouse from $209.00 to $205.
00 and set a “buy” rating for the company in a research report on Friday, February 21st. Finally, Morgan Stanley upgraded Texas Roadhouse from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $205.00 to $213.
00 in a report on Tuesday, January 21st. Nine investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $194.
81. View Our Latest Report on TXRH Texas Roadhouse Stock Performance Texas Roadhouse ( NASDAQ:TXRH – Get Free Report ) last issued its earnings results on Thursday, February 20th. The restaurant operator reported $1.
73 EPS for the quarter, topping the consensus estimate of $1.66 by $0.07.
Texas Roadhouse had a return on equity of 34.02% and a net margin of 8.07%.
The firm had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.41 billion.
On average, research analysts forecast that Texas Roadhouse will post 7.23 earnings per share for the current year. Insiders Place Their Bets In other news, President Regina A.
Tobin sold 3,154 shares of Texas Roadhouse stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $185.64, for a total value of $585,508.
56. Following the completion of the sale, the president now owns 18,414 shares in the company, valued at $3,418,374.96.
The trade was a 14.62 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link .
Also, CTO Hernan E. Mujica sold 2,050 shares of the stock in a transaction on Monday, February 24th. The stock was sold at an average price of $170.
66, for a total transaction of $349,853.00. Following the transaction, the chief technology officer now directly owns 17,162 shares in the company, valued at approximately $2,928,866.
92. This represents a 10.67 % decrease in their ownership of the stock.
The disclosure for this sale can be found here . In the last three months, insiders have sold 16,535 shares of company stock worth $2,952,507. Corporate insiders own 0.
50% of the company’s stock. Institutional Inflows and Outflows A number of institutional investors have recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co.
Ltd. bought a new stake in shares of Texas Roadhouse during the fourth quarter valued at approximately $30,000. Coppell Advisory Solutions LLC grew its position in Texas Roadhouse by 56.
8% in the 4th quarter. Coppell Advisory Solutions LLC now owns 196 shares of the restaurant operator’s stock valued at $35,000 after purchasing an additional 71 shares during the period. SBI Securities Co.
Ltd. acquired a new stake in Texas Roadhouse in the 4th quarter valued at $36,000. MassMutual Private Wealth & Trust FSB increased its stake in Texas Roadhouse by 32.
2% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 267 shares of the restaurant operator’s stock valued at $48,000 after purchasing an additional 65 shares in the last quarter. Finally, VisionPoint Advisory Group LLC acquired a new position in Texas Roadhouse during the fourth quarter worth $64,000.
94.82% of the stock is owned by institutional investors and hedge funds. About Texas Roadhouse ( Get Free Report ) 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. See Also Receive News & Ratings for Texas Roadhouse Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Texas Roadhouse and related companies with MarketBeat.
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