Texas Roadhouse (NASDAQ:TXRH) Given "Sector Perform" Rating at Royal Bank of Canada

Texas Roadhouse (NASDAQ:TXRH - Get Free Report)'s stock had its "sector perform" rating reissued by investment analysts at Royal Bank of Canada in a note issued to investors on Thursday,Benzinga reports. They presently have a $200.00 target price on the restaurant operator's stock. Royal Bank of Canada's price target indicates a potential upside of 12.16% from the company's current price.

Several other research analysts also recently commented on the company. Loop Capital cut their target price on Texas Roadhouse from $215.00 to $209.00 and set a "buy" rating on the stock in a report on Monday, October 28th. Wedbush reaffirmed an "outperform" rating and issued a $200.00 price objective on shares of Texas Roadhouse in a research note on Thursday, December 19th. The Goldman Sachs Group began coverage on Texas Roadhouse in a research report on Thursday, December 5th. They issued a "neutral" rating and a $213.00 price target for the company. Guggenheim boosted their target price on Texas Roadhouse from $190.00 to $195.00 and gave the stock a "buy" rating in a research note on Wednesday, September 25th. Finally, BMO Capital Markets raised their price objective on shares of Texas Roadhouse from $155.00 to $162.00 and gave the stock a "market perform" rating in a report on Friday, October 25th. Fourteen analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, Texas Roadhouse has an average rating of "Hold" and a consensus price target of $190.91.

Texas Roadhouse Stock Down 0.5 %

Shares of TXRH stock traded down $0.97 during trading on Thursday, reaching $178.32. 648,041 shares of the company's stock were exchanged, compared to its average volume of 839,444. The stock has a market capitalization of $11.90 billion, a PE ratio of 30.64, a PEG ratio of 1.34 and a beta of 1.01. The firm's fifty day moving average price is $189.81 and its 200-day moving average price is $178.69. Texas Roadhouse has a twelve month low of $117.13 and a twelve month high of $206.04.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last announced its quarterly earnings data on Thursday, October 24th. The restaurant operator reported $1.26 earnings per share for the quarter, missing the consensus estimate of $1.32 by ($0.06). Texas Roadhouse had a net margin of 7.65% and a return on equity of 31.33%. The company had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.27 billion. During the same period in the prior year, the firm earned $0.95 earnings per share. Texas Roadhouse's revenue was up 13.5% on a year-over-year basis. As a group, analysts anticipate that Texas Roadhouse will post 6.4 EPS for the current fiscal year.

Insider Buying and Selling at Texas Roadhouse

In other news, insider Christopher C. Colson sold 1,370 shares of Texas Roadhouse stock in a transaction that occurred on Friday, January 10th. The shares were sold at an average price of $179.46, for a total transaction of $245,860.20. Following the completion of the sale, the insider now owns 10,000 shares of the company's stock, valued at approximately $1,794,600. The trade was a 12.05 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Donna E. Epps sold 610 shares of the firm's stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $195.66, for a total transaction of $119,352.60. Following the transaction, the director now directly owns 3,532 shares in the company, valued at $691,071.12. This trade represents a 14.73 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 3,480 shares of company stock worth $668,603 over the last 90 days. 0.50% of the stock is owned by insiders.

Institutional Investors Weigh In On Texas Roadhouse

Large investors have recently modified their holdings of the business. Marshall Wace LLP boosted its holdings in Texas Roadhouse by 128.9% in the second quarter. Marshall Wace LLP now owns 765,096 shares of the restaurant operator's stock valued at $131,375,000 after purchasing an additional 430,814 shares during the last quarter. FMR LLC grew its holdings in shares of Texas Roadhouse by 81.6% during the third quarter. FMR LLC now owns 898,522 shares of the restaurant operator's stock worth $158,679,000 after buying an additional 403,720 shares in the last quarter. Franklin Resources Inc. raised its holdings in Texas Roadhouse by 76.0% in the 3rd quarter. Franklin Resources Inc. now owns 893,925 shares of the restaurant operator's stock valued at $157,375,000 after acquiring an additional 385,998 shares during the last quarter. Erste Asset Management GmbH acquired a new position in Texas Roadhouse during the third quarter worth $66,609,000. Finally, Fiera Capital Corp purchased a new stake in Texas Roadhouse in the 3rd quarter valued at about $41,670,000. Hedge funds and other institutional investors own 94.82% of the company's stock.

Texas Roadhouse Company Profile

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.