Texas Roadhouse (NASDAQ:TXRH) Given New $185.00 Price Target at Stifel Nicolaus

Texas Roadhouse (NASDAQ:TXRH) had its price target cut by Stifel Nicolaus from $195.00 to $185.00 in a research note published on Friday morning,Benzinga reports. They currently have a hold rating on the restaurant operator’s stock.

Several other equities analysts have also weighed in on the stock. Robert W. Baird increased their price objective on shares of Texas Roadhouse from $190.00 to $205.00 and gave the company an “outperform” rating in a report on Friday, October 25th. Morgan Stanley raised shares of Texas Roadhouse from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $205.00 to $213.00 in a research report on Tuesday, January 21st. Truist Financial increased their target price on shares of Texas Roadhouse from $207.00 to $209.00 and gave the stock a “buy” rating in a report on Wednesday, January 8th. Bank of America increased 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. Finally, Barclays increased their price target on shares of Texas Roadhouse from $160.00 to $175.00 and gave the company an “equal weight” rating in a research note on Friday, October 25th. Thirteen analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Texas Roadhouse presently has an average rating of “Hold” and a consensus price target of $190.83.

Texas Roadhouse Stock Up 0.2 %

NASDAQ TXRH opened at $171.70 on Friday. The stock has a market cap of $11.45 billion, a P/E ratio of 29.50, a PEG ratio of 1.28 and a beta of 1.02. Texas Roadhouse has a twelve month low of $132.28 and a twelve month high of $206.04. The company’s 50-day simple moving average is $181.54 and its 200 day simple moving average is $179.98.

Insiders Place Their Bets

In related news, insider Christopher C. Colson sold 1,370 shares of the stock in a transaction 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 sale, the insider now owns 10,000 shares in the company, valued at approximately $1,794,600. This represents a 12.05 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.50% of the stock is currently owned by corporate insiders.

Institutional Trading of Texas Roadhouse

A number of hedge funds and other institutional investors have recently bought and sold shares of TXRH. True Wealth Design LLC purchased a new stake in Texas Roadhouse in the third quarter worth $30,000. Mirae Asset Global Investments Co. Ltd. purchased a new stake in Texas Roadhouse in the fourth quarter worth $30,000. PSI Advisors LLC increased its stake in Texas Roadhouse by 70.8% in the third quarter. PSI Advisors LLC now owns 181 shares of the restaurant operator’s stock worth $32,000 after purchasing an additional 75 shares during the period. Coppell Advisory Solutions LLC increased its stake in Texas Roadhouse by 56.8% in the fourth quarter. Coppell Advisory Solutions LLC now owns 196 shares of the restaurant operator’s stock worth $35,000 after purchasing an additional 71 shares during the period. Finally, SBI Securities Co. Ltd. purchased a new stake in Texas Roadhouse in the fourth quarter worth $36,000. 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.