Stifel Nicolaus Increases Texas Roadhouse (NASDAQ:TXRH) Price Target to $195.00

Texas Roadhouse (NASDAQ:TXRH) had its price target lifted by equities research analysts at Stifel Nicolaus from $180.00 to $195.00 in a note issued to investors on Friday, Benzinga reports. The brokerage currently has a “hold” rating on the restaurant operator’s stock. Stifel Nicolaus’ price target points to a potential upside of 4.41% from the stock’s previous close.

Other equities analysts have also issued reports about the stock. Robert W. Baird lifted their price target on shares of Texas Roadhouse from $190.00 to $205.00 and gave the stock an “outperform” rating in a report on Friday. Citigroup lifted their price target on shares of Texas Roadhouse from $192.00 to $201.00 and gave the stock a “buy” rating in a report on Tuesday, October 1st. Wells Fargo & Company lifted their price target on shares of Texas Roadhouse from $165.00 to $175.00 and gave the stock an “equal weight” rating in a report on Friday, July 26th. BMO Capital Markets lifted their price target on shares of Texas Roadhouse from $155.00 to $162.00 and gave the stock a “market perform” rating in a report on Friday. Finally, Stephens lifted their price target on shares of Texas Roadhouse from $170.00 to $176.00 and gave the stock an “equal weight” rating in a report on Monday, July 29th. Twelve investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $183.50.

Texas Roadhouse Price Performance

Shares of NASDAQ:TXRH traded up $5.87 during trading on Friday, reaching $186.77. 660,770 shares of the company were exchanged, compared to its average volume of 768,457. The firm has a market capitalization of $12.45 billion, a PE ratio of 33.85, a P/E/G ratio of 1.61 and a beta of 0.99. The business’s fifty day simple moving average is $172.00 and its 200-day simple moving average is $168.06. Texas Roadhouse has a 12-month low of $93.79 and a 12-month high of $189.97.

Texas Roadhouse (NASDAQ:TXRH) last issued its earnings results on Thursday, October 24th. The restaurant operator reported $1.26 EPS for the quarter, missing analysts’ consensus estimates of $1.33 by ($0.07). The company had revenue of $1.27 billion for the quarter, compared to analysts’ expectations of $1.27 billion. Texas Roadhouse had a return on equity of 30.94% and a net margin of 7.47%. The business’s revenue was up 13.5% compared to the same quarter last year. During the same period last year, the business posted $0.95 earnings per share. On average, sell-side analysts anticipate that Texas Roadhouse will post 6.37 EPS for the current fiscal year.

Hedge Funds Weigh In On Texas Roadhouse

Institutional investors and hedge funds have recently bought and sold shares of the company. Ontario Teachers Pension Plan Board acquired a new position in Texas Roadhouse in the 1st quarter valued at about $2,338,000. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Texas Roadhouse in the 1st quarter valued at approximately $4,522,000. Sei Investments Co. increased its position in shares of Texas Roadhouse by 31.6% in the 1st quarter. Sei Investments Co. now owns 73,707 shares of the restaurant operator’s stock valued at $11,385,000 after purchasing an additional 17,691 shares during the last quarter. Vanguard Group Inc. grew its position in shares of Texas Roadhouse by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 6,476,056 shares of the restaurant operator’s stock valued at $1,000,356,000 after buying an additional 53,419 shares during the last quarter. Finally, SG Americas Securities LLC grew its position in shares of Texas Roadhouse by 200.6% in the 2nd quarter. SG Americas Securities LLC now owns 19,067 shares of the restaurant operator’s stock valued at $3,274,000 after buying an additional 12,725 shares during the last quarter. 94.82% of the stock is currently owned by institutional investors and hedge funds.

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.