Texas Roadhouse (NASDAQ:TXRH) Price Target Cut to $180.00 by Analysts at JPMorgan Chase & Co.

Texas Roadhouse (NASDAQ:TXRH) had its price objective lowered by investment analysts at JPMorgan Chase & Co. from $184.00 to $180.00 in a research report issued to clients and investors on Monday, Benzinga reports. The brokerage currently has a “neutral” rating on the restaurant operator’s stock. JPMorgan Chase & Co.‘s price objective points to a potential upside of 4.61% from the stock’s current price.

Other equities analysts also recently issued research reports about the company. BTIG Research upped their target price on Texas Roadhouse from $175.00 to $190.00 and gave the company a “buy” rating in a report on Friday. Evercore ISI upped their target price on Texas Roadhouse from $175.00 to $195.00 and gave the company an “outperform” rating in a report on Friday. Wells Fargo & Company upped their target price on Texas Roadhouse from $165.00 to $175.00 and gave the company an “equal weight” rating in a report on Friday. Wedbush upped their target price on Texas Roadhouse from $180.00 to $190.00 and gave the company an “outperform” rating in a report on Friday, July 19th. Finally, Benchmark started coverage on Texas Roadhouse in a report on Wednesday, April 10th. They set a “hold” rating for the company. Thirteen research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $169.86.

Texas Roadhouse Trading Up 1.6 %

Shares of NASDAQ:TXRH traded up $2.69 during trading on Monday, reaching $172.07. 124,596 shares of the company traded hands, compared to its average volume of 807,294. The firm has a market capitalization of $11.49 billion, a price-to-earnings ratio of 34.72, a P/E/G ratio of 1.58 and a beta of 1.01. Texas Roadhouse has a 52-week low of $91.06 and a 52-week high of $175.72. The business’s fifty day moving average is $169.75 and its 200-day moving average is $154.52.

Texas Roadhouse (NASDAQ:TXRH) last released its quarterly earnings data on Thursday, July 25th. The restaurant operator reported $1.79 earnings per share for the quarter, beating analysts’ consensus estimates of $1.64 by $0.15. The firm had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.34 billion. Texas Roadhouse had a return on equity of 30.94% and a net margin of 7.47%. The business’s quarterly revenue was up 14.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.22 earnings per share. On average, sell-side analysts predict that Texas Roadhouse will post 6.23 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Texas Roadhouse news, Director Curtis Warfield sold 1,025 shares of the firm’s stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $165.82, for a total value of $169,965.50. Following the transaction, the director now directly owns 12,372 shares of the company’s stock, valued at $2,051,525.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CTO Hernan E. Mujica sold 3,000 shares of Texas Roadhouse stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $168.60, for a total transaction of $505,800.00. Following the transaction, the chief technology officer now directly owns 17,842 shares of the company’s stock, valued at approximately $3,008,161.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Curtis Warfield sold 1,025 shares of Texas Roadhouse stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $165.82, for a total value of $169,965.50. Following the transaction, the director now directly owns 12,372 shares in the company, valued at $2,051,525.04. The disclosure for this sale can be found here. Over the last three months, insiders have sold 19,025 shares of company stock valued at $3,251,266. Insiders own 0.50% of the company’s stock.

Institutional Trading of Texas Roadhouse

Several institutional investors and hedge funds have recently added to or reduced their stakes in TXRH. LRI Investments LLC bought a new stake in Texas Roadhouse during the 1st quarter valued at approximately $25,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Texas Roadhouse during the 2nd quarter valued at approximately $25,000. McClarren Financial Advisors Inc. increased its stake in Texas Roadhouse by 4,175.0% in the 2nd quarter. McClarren Financial Advisors Inc. now owns 171 shares of the restaurant operator’s stock worth $29,000 after acquiring an additional 167 shares during the last quarter. Rise Advisors LLC bought a new stake in Texas Roadhouse in the 1st quarter worth approximately $32,000. Finally, China Universal Asset Management Co. Ltd. increased its stake in Texas Roadhouse by 454.5% in the 1st quarter. China Universal Asset Management Co. Ltd. now owns 244 shares of the restaurant operator’s stock worth $38,000 after acquiring an additional 200 shares during the last quarter. 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.