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

Texas Roadhouse (NASDAQ:TXRH)‘s stock had its “sector perform” rating restated by equities research 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 target price would suggest a potential upside of 11.55% from the company’s current price.

Other equities research analysts have also issued research reports about the company. Morgan Stanley raised their price target on Texas Roadhouse from $200.00 to $205.00 and gave the stock an “equal weight” rating in a research report on Friday, October 25th. Bank of America raised their target price on shares of Texas Roadhouse from $206.00 to $234.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. 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. The Goldman Sachs Group started coverage on shares of Texas Roadhouse in a report on Thursday, December 5th. They set a “neutral” rating and a $213.00 target price for the company. Finally, UBS Group raised their price target on Texas Roadhouse from $200.00 to $210.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Fourteen analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $190.91.

Texas Roadhouse Stock Down 0.0 %

Shares of NASDAQ TXRH opened at $179.29 on Thursday. Texas Roadhouse has a 12-month low of $115.48 and a 12-month high of $206.04. The firm’s 50-day simple moving average is $189.81 and its 200 day simple moving average is $178.69. The company has a market cap of $11.96 billion, a price-to-earnings ratio of 30.81, a price-to-earnings-growth ratio of 1.34 and a beta of 1.01.

Texas Roadhouse (NASDAQ:TXRH) last announced its earnings results on Thursday, October 24th. The restaurant operator reported $1.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.32 by ($0.06). Texas Roadhouse had a return on equity of 31.33% and a net margin of 7.65%. The company had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.27 billion. During the same quarter in the previous year, the company posted $0.95 earnings per share. Texas Roadhouse’s revenue for the quarter was up 13.5% on a year-over-year basis. On average, equities analysts expect that Texas Roadhouse will post 6.4 earnings per share for the current year.

Insider Buying and Selling at Texas Roadhouse

In related news, Director Donna E. Epps sold 610 shares of Texas Roadhouse stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $195.66, for a total transaction of $119,352.60. Following the transaction, the director now owns 3,532 shares of the company’s stock, valued at $691,071.12. The trade was a 14.73 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CTO Hernan E. Mujica sold 1,500 shares of Texas Roadhouse stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $202.26, for a total transaction of $303,390.00. Following the transaction, the chief technology officer now directly owns 16,342 shares in the company, valued at $3,305,332.92. This represents a 8.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 3,480 shares of company stock valued at $668,603. Corporate insiders own 0.50% of the company’s stock.

Institutional Investors Weigh In On Texas Roadhouse

Institutional investors have recently added to or reduced their stakes in the company. American Century Companies Inc. grew its stake in Texas Roadhouse by 6.4% in the 2nd quarter. American Century Companies Inc. now owns 154,811 shares of the restaurant operator’s stock valued at $26,583,000 after purchasing an additional 9,288 shares during the period. Envestnet Asset Management Inc. grew its position in shares of Texas Roadhouse by 11.6% during the 2nd quarter. Envestnet Asset Management Inc. now owns 173,196 shares of the restaurant operator’s stock valued at $29,740,000 after acquiring an additional 17,949 shares during the period. Stock Yards Bank & Trust Co. purchased a new position in Texas Roadhouse in the second quarter valued at approximately $220,000. Vanguard Personalized Indexing Management LLC grew its holdings in Texas Roadhouse by 18.1% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 8,443 shares of the restaurant operator’s stock valued at $1,415,000 after purchasing an additional 1,291 shares during the period. Finally, Hsbc Holdings PLC raised its stake in shares of Texas Roadhouse by 134.0% in the second quarter. Hsbc Holdings PLC now owns 4,037 shares of the restaurant operator’s stock valued at $693,000 after buying an additional 2,312 shares during the period. 94.82% of the stock is owned by institutional investors.

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.