Texas Roadhouse (NASDAQ:TXRH) Given New $145.00 Price Target at Wedbush

Texas Roadhouse (NASDAQ:TXRHGet Free Report) had its price objective lifted by equities researchers at Wedbush from $130.00 to $145.00 in a research note issued on Wednesday, Benzinga reports. The firm presently has an “outperform” rating on the restaurant operator’s stock. Wedbush’s price objective suggests a potential upside of 7.02% from the company’s current price. Wedbush also issued estimates for Texas Roadhouse’s Q1 2024 earnings at $1.41 EPS.

A number of other equities research analysts have also recently commented on the company. Piper Sandler reaffirmed a “neutral” rating and set a $110.00 price objective on shares of Texas Roadhouse in a research note on Friday, December 1st. JPMorgan Chase & Co. upgraded Texas Roadhouse from an “underweight” rating to a “neutral” rating and set a $120.00 price target on the stock in a report on Tuesday, January 23rd. Barclays cut their price target on Texas Roadhouse from $108.00 to $99.00 and set an “equal weight” rating on the stock in a report on Monday, October 23rd. Morgan Stanley boosted their price target on Texas Roadhouse from $106.00 to $110.00 and gave the company an “equal weight” rating in a report on Friday, October 27th. Finally, Deutsche Bank Aktiengesellschaft began coverage on Texas Roadhouse in a research report on Thursday, October 19th. They issued a “buy” rating and a $111.00 target price on the stock. Eleven equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $119.80.

Get Our Latest Stock Analysis on TXRH

Texas Roadhouse Price Performance

Texas Roadhouse stock opened at $135.49 on Wednesday. The business has a 50 day simple moving average of $120.11 and a 200 day simple moving average of $109.12. Texas Roadhouse has a one year low of $91.06 and a one year high of $135.60. The company has a market capitalization of $9.05 billion, a PE ratio of 31.22, a price-to-earnings-growth ratio of 1.51 and a beta of 0.96.

Insider Transactions at Texas Roadhouse

In other news, insider Christopher C. Colson sold 2,011 shares of Texas Roadhouse stock in a transaction dated Tuesday, January 9th. The stock was sold at an average price of $119.19, for a total value of $239,691.09. Following the completion of the transaction, the insider now directly owns 6,500 shares of the company’s stock, valued at approximately $774,735. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, CEO Gerald L. Morgan sold 5,000 shares of the business’s stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $115.26, for a total value of $576,300.00. Following the completion of the sale, the chief executive officer now directly owns 84,824 shares of the company’s stock, valued at approximately $9,776,814.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Christopher C. Colson sold 2,011 shares of the business’s stock in a transaction that occurred on Tuesday, January 9th. The stock was sold at an average price of $119.19, for a total value of $239,691.09. Following the sale, the insider now directly owns 6,500 shares of the company’s stock, valued at $774,735. The disclosure for this sale can be found here. In the last ninety days, insiders sold 17,011 shares of company stock valued at $1,969,991. Corporate insiders own 0.50% of the company’s stock.

Institutional Trading of Texas Roadhouse

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TXRH. Coldstream Capital Management Inc. increased its position in shares of Texas Roadhouse by 3.1% during the second quarter. Coldstream Capital Management Inc. now owns 3,668 shares of the restaurant operator’s stock valued at $412,000 after acquiring an additional 109 shares in the last quarter. Red Spruce Capital LLC boosted its holdings in Texas Roadhouse by 0.5% in the fourth quarter. Red Spruce Capital LLC now owns 22,359 shares of the restaurant operator’s stock worth $2,733,000 after purchasing an additional 110 shares during the last quarter. Avior Wealth Management LLC boosted its holdings in Texas Roadhouse by 3.2% in the fourth quarter. Avior Wealth Management LLC now owns 3,579 shares of the restaurant operator’s stock worth $437,000 after purchasing an additional 111 shares during the last quarter. Signaturefd LLC boosted its holdings in Texas Roadhouse by 8.5% in the second quarter. Signaturefd LLC now owns 1,550 shares of the restaurant operator’s stock worth $174,000 after purchasing an additional 122 shares during the last quarter. Finally, Metropolitan Life Insurance Co NY boosted its holdings in Texas Roadhouse by 3.1% in the fourth quarter. Metropolitan Life Insurance Co NY now owns 4,121 shares of the restaurant operator’s stock worth $375,000 after purchasing an additional 124 shares during the last quarter. 97.24% of the stock is owned by institutional investors.

About Texas Roadhouse

(Get Free Report)

Texas Roadhouse, Inc, together with its subsidiaries, operates casual dining restaurants in the United States and internationally. The company 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.

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Analyst Recommendations for Texas Roadhouse (NASDAQ:TXRH)

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