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

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

A number of other equities analysts also recently commented on TXRH. Jefferies Financial Group lifted their price target on Texas Roadhouse from $120.00 to $136.00 and gave the stock a “hold” rating in a research note on Tuesday, April 16th. BTIG Research lifted their price target on Texas Roadhouse from $175.00 to $190.00 and gave the stock a “buy” rating in a research note on Friday. Benchmark assumed coverage on Texas Roadhouse in a research note on Wednesday, April 10th. They issued a “hold” rating for the company. Stephens lifted their target price on Texas Roadhouse from $170.00 to $176.00 and gave the company an “equal weight” rating in a research note on Monday. Finally, Morgan Stanley lifted their price target on Texas Roadhouse from $155.00 to $162.00 and gave the company an “equal weight” rating in a report on Tuesday, July 16th. Thirteen analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $169.86.

Texas Roadhouse Stock Up 1.6 %

Shares of Texas Roadhouse stock traded up $2.69 during trading hours on Monday, hitting $172.07. 124,596 shares of the company’s stock traded hands, compared to its average volume of 807,294. The stock has a 50 day simple moving average of $169.75 and a 200-day simple moving average of $154.52. The company has a market cap of $11.49 billion, a PE ratio of 34.72, a PEG ratio of 1.58 and a beta of 1.01. Texas Roadhouse has a twelve month low of $91.06 and a twelve month high of $175.72.

Texas Roadhouse (NASDAQ:TXRH) last posted its quarterly earnings results on Thursday, July 25th. The restaurant operator reported $1.79 EPS for the quarter, topping analysts’ consensus estimates of $1.64 by $0.15. The business had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.34 billion. Texas Roadhouse had a return on equity of 30.94% and a net margin of 7.47%. The company’s revenue for the quarter was up 14.5% compared to the same quarter last year. During the same period last year, the firm earned $1.22 earnings per share. As a group, equities research analysts predict that Texas Roadhouse will post 6.23 EPS for the current year.

Insiders Place Their Bets

In other Texas Roadhouse news, CEO Gerald L. Morgan sold 15,000 shares of Texas Roadhouse stock in a transaction that occurred on Tuesday, May 28th. The shares were sold at an average price of $171.70, for a total value of $2,575,500.00. Following the transaction, the chief executive officer now owns 77,847 shares in the company, valued at $13,366,329.90. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other Texas Roadhouse news, CEO Gerald L. Morgan sold 15,000 shares of Texas Roadhouse stock in a transaction that occurred on Tuesday, May 28th. The shares were sold at an average price of $171.70, for a total value of $2,575,500.00. Following the transaction, the chief executive officer now owns 77,847 shares in the company, valued at $13,366,329.90. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Curtis Warfield sold 1,025 shares of Texas Roadhouse stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $165.82, for a total transaction of $169,965.50. Following the transaction, the director now 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 90 days, insiders have sold 19,025 shares of company stock worth $3,251,266. 0.50% of the stock is owned by insiders.

Hedge Funds Weigh In On Texas Roadhouse

Several institutional investors and hedge funds have recently modified their holdings of the stock. Avior Wealth Management LLC grew its holdings in shares of Texas Roadhouse by 3.2% during the 4th quarter. Avior Wealth Management LLC now owns 3,579 shares of the restaurant operator’s stock valued at $437,000 after acquiring an additional 111 shares in the last quarter. Advisors Asset Management Inc. lifted its stake in shares of Texas Roadhouse by 4.8% in the 1st quarter. Advisors Asset Management Inc. now owns 2,679 shares of the restaurant operator’s stock valued at $414,000 after purchasing an additional 122 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Texas Roadhouse in the 2nd quarter valued at $25,000. Bridge City Capital LLC lifted its stake in shares of Texas Roadhouse by 0.8% in the 1st quarter. Bridge City Capital LLC now owns 19,245 shares of the restaurant operator’s stock valued at $2,973,000 after purchasing an additional 150 shares during the last quarter. Finally, LRI Investments LLC acquired a new stake in shares of Texas Roadhouse in the 1st quarter valued at $25,000. 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.