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

Texas Roadhouse, Inc. (NASDAQ:TXRH - Get Free Report) has received an average recommendation of "Hold" from the twenty-five research firms that are currently covering the firm, MarketBeat Ratings reports. Thirteen analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $191.26.

Several equities research analysts have recently issued reports on the stock. UBS Group raised their price target on shares of Texas Roadhouse from $200.00 to $210.00 and gave the stock a "buy" rating in a research note on Friday, October 25th. Loop Capital lowered their target price on Texas Roadhouse from $215.00 to $209.00 and set a "buy" rating on the stock in a research note on Monday, October 28th. Truist Financial increased their price target on Texas Roadhouse from $207.00 to $209.00 and gave the stock a "buy" rating in a research note on Wednesday, January 8th. Morgan Stanley raised shares of Texas Roadhouse from an "equal weight" rating to an "overweight" rating and boosted their price target for the company from $205.00 to $213.00 in a research report on Tuesday, January 21st. Finally, Evercore ISI boosted their price objective on Texas Roadhouse from $195.00 to $200.00 and gave the company an "outperform" rating in a research note on Tuesday, October 15th.

Texas Roadhouse Stock Down 1.3 %

NASDAQ TXRH traded down $2.36 during trading hours on Friday, reaching $173.60. 1,326,608 shares of the company were exchanged, compared to its average volume of 923,461. The stock has a market capitalization of $11.58 billion, a P/E ratio of 29.83, a P/E/G ratio of 1.28 and a beta of 1.02. Texas Roadhouse has a 1 year low of $130.15 and a 1 year high of $206.04. The business's 50 day simple moving average is $183.66 and its 200-day simple moving average is $180.06.

Insider Buying and Selling

In related news, insider Christopher C. Colson sold 1,370 shares of the stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $179.46, for a total value of $245,860.20. Following the completion of the transaction, the insider now directly owns 10,000 shares in the company, valued at $1,794,600. This trade represents a 12.05 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CTO Hernan E. Mujica sold 1,500 shares of the company's stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $202.26, for a total transaction of $303,390.00. Following the completion of the sale, the chief technology officer now owns 16,342 shares in the company, valued at approximately $3,305,332.92. This trade represents a 8.41 % decrease in their position. The disclosure for this sale can be found here. 0.50% of the stock is owned by insiders.

Hedge Funds Weigh In On Texas Roadhouse

A number of hedge funds have recently bought and sold shares of TXRH. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Texas Roadhouse by 41.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 684 shares of the restaurant operator's stock worth $117,000 after purchasing an additional 199 shares in the last quarter. Cetera Investment Advisers boosted its position in shares of Texas Roadhouse by 125.1% during the second quarter. Cetera Investment Advisers now owns 6,392 shares of the restaurant operator's stock valued at $1,098,000 after buying an additional 3,553 shares during the last quarter. Sanctuary Advisors LLC bought a new stake in Texas Roadhouse in the 2nd quarter worth about $953,000. GAMMA Investing LLC raised its position in Texas Roadhouse by 14.2% in the 3rd quarter. GAMMA Investing LLC now owns 1,198 shares of the restaurant operator's stock worth $212,000 after buying an additional 149 shares during the last quarter. Finally, CWM LLC lifted its stake in Texas Roadhouse by 47.0% during the 3rd quarter. CWM LLC now owns 10,172 shares of the restaurant operator's stock valued at $1,796,000 after acquiring an additional 3,250 shares during the period. Institutional investors own 94.82% of the company's stock.

About Texas Roadhouse

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.