Texas Roadhouse (NASDAQ:TXRH) Price Target Cut to $185.00 by Analysts at Stifel Nicolaus

Texas Roadhouse (NASDAQ:TXRH) had its price objective lowered by Stifel Nicolaus from $195.00 to $185.00 in a research note released on Friday morning,Benzinga reports. The brokerage currently has a hold rating on the restaurant operator’s stock.

A number of other equities research analysts also recently weighed in on TXRH. BMO Capital Markets raised their price objective on Texas Roadhouse from $155.00 to $162.00 and gave the company a “market perform” rating in a research report on Friday, October 25th. Loop Capital dropped their price objective on Texas Roadhouse from $215.00 to $209.00 and set a “buy” rating on the stock in a research report on Monday, October 28th. 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 research report on Wednesday, January 8th. Bank of America raised their price objective on Texas Roadhouse from $206.00 to $234.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. Finally, Truist Financial raised their price objective on Texas Roadhouse from $207.00 to $209.00 and gave the company a “buy” rating in a research report on Wednesday, January 8th. Thirteen research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, Texas Roadhouse currently has an average rating of “Hold” and an average target price of $190.83.

Texas Roadhouse Trading Up 0.2 %

TXRH opened at $171.70 on Friday. Texas Roadhouse has a 12-month low of $132.28 and a 12-month high of $206.04. The business’s fifty day simple moving average is $181.54 and its 200-day simple moving average is $179.98. The company has a market capitalization of $11.45 billion, a price-to-earnings ratio of 29.50, a PEG ratio of 1.28 and a beta of 1.02.

Insider Activity at Texas Roadhouse

In related news, insider Christopher C. Colson sold 1,370 shares of Texas Roadhouse stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $179.46, for a total transaction of $245,860.20. Following the completion of the transaction, the insider now directly owns 10,000 shares in the company, valued at approximately $1,794,600. This trade represents a 12.05 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.50% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of TXRH. True Wealth Design LLC purchased a new position in Texas Roadhouse during the third quarter valued at approximately $30,000. Mirae Asset Global Investments Co. Ltd. purchased a new position in Texas Roadhouse during the fourth quarter valued at approximately $30,000. PSI Advisors LLC raised its position in Texas Roadhouse by 70.8% during the third quarter. PSI Advisors LLC now owns 181 shares of the restaurant operator’s stock valued at $32,000 after acquiring an additional 75 shares in the last quarter. Coppell Advisory Solutions LLC increased its position in shares of Texas Roadhouse by 56.8% in the fourth quarter. Coppell Advisory Solutions LLC now owns 196 shares of the restaurant operator’s stock valued at $35,000 after buying an additional 71 shares in the last quarter. Finally, SBI Securities Co. Ltd. purchased a new stake in shares of Texas Roadhouse in the fourth quarter valued at approximately $36,000. 94.82% of the stock is currently owned by hedge funds and other institutional investors.

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.