Texas Roadhouse (NASDAQ:TXRH) had its price objective dropped by equities researchers at Morgan Stanley from $57.00 to $55.00 in a report issued on Wednesday. The brokerage currently has an “equal weight” rating on the restaurant operator’s stock. Morgan Stanley’s price target would indicate a potential downside of 3.36% from the company’s current price.
Other analysts also recently issued reports about the company. Maxim Group increased their price target on Texas Roadhouse from $65.00 to $67.00 and gave the company a “buy” rating in a report on Wednesday. BMO Capital Markets set a $60.00 price target on Texas Roadhouse and gave the company a “buy” rating in a report on Wednesday. JPMorgan Chase & Co. lowered their price target on Texas Roadhouse from $55.00 to $54.00 and set a “neutral” rating for the company in a report on Wednesday. Stephens increased their price target on Texas Roadhouse to $62.00 and gave the company an “overweight” rating in a report on Wednesday. Finally, BTIG Research increased their price target on Texas Roadhouse to $67.00 and gave the company a “reduce” rating in a report on Tuesday, January 16th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and ten have issued a buy rating to the company. Texas Roadhouse has a consensus rating of “Hold” and an average target price of $57.05.
Texas Roadhouse (NASDAQ:TXRH) traded down $1.07 during mid-day trading on Wednesday, hitting $56.91. The stock had a trading volume of 1,436,600 shares, compared to its average volume of 715,112. Texas Roadhouse has a 1-year low of $40.28 and a 1-year high of $60.43. The firm has a market cap of $4,122.73, a P/E ratio of 32.90, a price-to-earnings-growth ratio of 1.97 and a beta of 0.59. The company has a current ratio of 0.69, a quick ratio of 0.63 and a debt-to-equity ratio of 0.06.
In other Texas Roadhouse news, insider Scott Matthew Colosi sold 10,644 shares of the company’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $58.55, for a total value of $623,206.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider S. Chris Jacobsen sold 2,500 shares of the company’s stock in a transaction dated Tuesday, January 9th. The shares were sold at an average price of $56.50, for a total transaction of $141,250.00. Following the completion of the transaction, the insider now directly owns 25,184 shares of the company’s stock, valued at $1,422,896. The disclosure for this sale can be found here. Over the last three months, insiders sold 246,818 shares of company stock valued at $12,884,345. 6.60% of the stock is currently owned by corporate insiders.
A number of large investors have recently bought and sold shares of the business. Cerebellum GP LLC bought a new position in shares of Texas Roadhouse during the fourth quarter worth about $122,000. Claraphi Advisory Network LLC bought a new position in shares of Texas Roadhouse during the fourth quarter worth about $202,000. MML Investors Services LLC bought a new position in shares of Texas Roadhouse during the fourth quarter worth about $206,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Texas Roadhouse by 50.1% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,920 shares of the restaurant operator’s stock worth $207,000 after purchasing an additional 1,308 shares during the last quarter. Finally, Cubist Systematic Strategies LLC bought a new position in shares of Texas Roadhouse during the third quarter worth about $193,000. 87.08% of the stock is owned by institutional investors.
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About Texas Roadhouse
Texas Roadhouse, Inc is a restaurant company, which operates in the casual dining segment. The Company offers an assortment of seasoned and aged steaks, all cooked over open grills and all but one hand cut daily on the premises. Its restaurants offer a range of menu items at prices that are designed to appeal to a range of consumer tastes.
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