Texas Roadhouse (NASDAQ:TXRH) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

Texas Roadhouse (NASDAQ:TXRH) had its target price raised by research analysts at JPMorgan Chase & Co. from $182.00 to $188.00 in a note issued to investors on Thursday,Benzinga reports. The firm presently has a “neutral” rating on the restaurant operator’s stock. JPMorgan Chase & Co.‘s target price would suggest a potential upside of 5.64% from the stock’s previous close.

Several other equities analysts also recently weighed in on TXRH. BTIG Research reiterated a “buy” rating and issued a $200.00 price target on shares of Texas Roadhouse in a report on Friday, February 20th. Morgan Stanley restated an “overweight” rating and issued a $201.00 price objective on shares of Texas Roadhouse in a research report on Friday, May 8th. Truist Financial lowered their price objective on Texas Roadhouse from $188.00 to $186.00 and set a “hold” rating on the stock in a research report on Friday, February 20th. Wall Street Zen upgraded Texas Roadhouse from a “sell” rating to a “hold” rating in a research report on Sunday, May 10th. Finally, Wells Fargo & Company lowered their price objective on Texas Roadhouse from $220.00 to $200.00 and set an “overweight” rating on the stock in a research report on Thursday, April 16th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and fourteen have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $195.09.

Texas Roadhouse Stock Performance

TXRH opened at $177.97 on Thursday. Texas Roadhouse has a 52-week low of $153.82 and a 52-week high of $199.99. The company has a quick ratio of 0.45, a current ratio of 0.46 and a debt-to-equity ratio of 0.03. The company has a market cap of $11.70 billion, a P/E ratio of 28.43, a price-to-earnings-growth ratio of 1.94 and a beta of 0.77. The firm’s 50-day moving average price is $166.60 and its 200-day moving average price is $172.77.

Texas Roadhouse (NASDAQ:TXRH) last issued its quarterly earnings results on Thursday, May 7th. The restaurant operator reported $1.87 earnings per share for the quarter, topping the consensus estimate of $1.80 by $0.07. Texas Roadhouse had a net margin of 6.85% and a return on equity of 27.86%. The company had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.64 billion. During the same quarter in the prior year, the company earned $1.70 EPS. Texas Roadhouse’s quarterly revenue was up 10.5% on a year-over-year basis. As a group, equities analysts anticipate that Texas Roadhouse will post 6.38 EPS for the current fiscal year.

Insider Activity

In other news, insider Lloyd Paul Marshall sold 1,000 shares of the stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $178.34, for a total transaction of $178,340.00. Following the transaction, the insider owned 10,326 shares in the company, valued at $1,841,538.84. This trade represents a 8.83% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CTO Hernan E. Mujica sold 5,000 shares of the stock in a transaction on Friday, March 13th. The shares were sold at an average price of $170.00, for a total value of $850,000.00. Following the completion of the transaction, the chief technology officer directly owned 15,552 shares of the company’s stock, valued at approximately $2,643,840. This represents a 24.33% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 17,878 shares of company stock worth $3,102,411. Insiders own 0.50% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Elyxium Wealth LLC acquired a new position in Texas Roadhouse in the 4th quarter valued at $25,000. Princeton Global Asset Management LLC acquired a new stake in shares of Texas Roadhouse in the 4th quarter worth $31,000. Measured Wealth Private Client Group LLC acquired a new stake in shares of Texas Roadhouse in the 3rd quarter worth $33,000. Garton & Associates Financial Advisors LLC acquired a new stake in shares of Texas Roadhouse in the 4th quarter worth $34,000. Finally, Root Financial Partners LLC acquired a new stake in shares of Texas Roadhouse in the 3rd quarter worth $36,000. 94.82% of the stock is owned by institutional investors and hedge funds.

Key Texas Roadhouse News

Here are the key news stories impacting Texas Roadhouse this week:

• Positive Sentiment: RBC Capital and UBS both turned bullish on Texas Roadhouse, adding to a generally supportive analyst backdrop that can boost investor confidence in TXRH. Texas Roadhouse attracts a bull rating from RBC Capital Texas Roadhouse (TXRH) Gets a Buy from UBS
• Positive Sentiment: JPMorgan raised its price target on TXRH to $188 from $182, signaling expectations for additional upside from current levels. Texas Roadhouse had its price target raised by JPMorgan Chase & Co.
• Positive Sentiment: Texas Roadhouse’s latest earnings beat EPS estimates, and revenue grew 10.5% year over year, reinforcing the stock’s fundamental support after the company’s May 7 report. Texas Roadhouse stock and earnings details
• Neutral Sentiment: Analysts continue to view TXRH favorably overall, but the consensus rating remains “Hold,” which may limit how far the stock can run on news alone.
• Neutral Sentiment: The company also announced a quarterly dividend of $0.75 per share, which supports the investment case but is not likely the main driver of trading today.
• Negative Sentiment: Insiders sold shares this week, including director Gregory Moore and insider Lloyd Paul Marshall, which can create a slight headwind if investors read the activity as limited near-term enthusiasm. SEC filing for Lloyd Paul Marshall transaction

Texas Roadhouse Company Profile

Texas Roadhouse, Inc is a casual dining restaurant chain specializing in hand?cut steaks, fall?off?the?bone ribs, chicken, seafood and house specialties. Each restaurant features a Western?themed décor, open kitchens and a signature line dance presentation of fresh, made?from?scratch sides and breads. The company emphasizes an energetic dining experience, focusing on hospitality, value and a family?friendly environment.

The concept was created in 1993 by founder Kent Taylor, who sought to combine high?quality steaks with an approachable, community?oriented atmosphere.