Texas Roadhouse (NASDAQ:TXRH) was upgraded by equities research analysts at Jefferies Group from an “underperform” rating to a “hold” rating in a research note issued to investors on Friday, December 22nd, MarketBeat Ratings reports. The firm presently has a $50.00 price objective on the restaurant operator’s stock, up from their prior price objective of $41.00. Jefferies Group’s target price suggests a potential downside of 14.15% from the stock’s previous close. Jefferies Group also issued estimates for Texas Roadhouse’s FY2019 earnings at $2.31 EPS.
Other research analysts also recently issued research reports about the company. Robert W. Baird reiterated a “buy” rating and set a $56.00 target price on shares of Texas Roadhouse in a report on Tuesday, September 19th. Stifel Nicolaus assumed coverage on Texas Roadhouse in a research note on Monday, October 2nd. They issued a “buy” rating and a $55.00 price target on the stock. BMO Capital Markets cut their price target on Texas Roadhouse from $58.00 to $57.00 and set an “outperform” rating on the stock in a research note on Tuesday, October 31st. Oppenheimer restated a “hold” rating on shares of Texas Roadhouse in a research note on Tuesday, October 31st. Finally, BidaskClub upgraded Texas Roadhouse from a “sell” rating to a “hold” rating in a research note on Friday, December 22nd. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating and nine have assigned a buy rating to the company. Texas Roadhouse currently has an average rating of “Hold” and an average target price of $52.55.
Texas Roadhouse (TXRH) traded up $0.83 on Friday, reaching $58.24. The company’s stock had a trading volume of 707,691 shares, compared to its average volume of 777,569. Texas Roadhouse has a fifty-two week low of $40.28 and a fifty-two week high of $58.59. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.69 and a quick ratio of 0.63. The company has a market cap of $4,140.00, a price-to-earnings ratio of 33.66, a price-to-earnings-growth ratio of 2.06 and a beta of 0.52.
Texas Roadhouse (NASDAQ:TXRH) last posted its earnings results on Monday, October 30th. The restaurant operator reported $0.43 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.43. Texas Roadhouse had a return on equity of 16.71% and a net margin of 5.73%. The firm had revenue of $540.50 million for the quarter, compared to the consensus estimate of $538.15 million. During the same quarter in the prior year, the business earned $0.36 EPS. The business’s revenue for the quarter was up 12.2% on a year-over-year basis. analysts anticipate that Texas Roadhouse will post 1.93 earnings per share for the current fiscal year.
In other Texas Roadhouse news, CEO Wayne Kent Taylor sold 200,000 shares of the firm’s stock in a transaction dated Thursday, December 7th. The stock was sold at an average price of $51.09, for a total transaction of $10,218,000.00. Following the sale, the chief executive officer now directly owns 3,908,231 shares of the company’s stock, valued at $199,671,521.79. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider S. Chris Jacobsen sold 2,500 shares of the firm’s stock in a transaction dated Tuesday, January 9th. The shares were sold at an average price of $56.50, for a total value of $141,250.00. Following the transaction, the insider now owns 25,184 shares of the company’s stock, valued at approximately $1,422,896. The disclosure for this sale can be found here. Over the last three months, insiders have sold 236,203 shares of company stock worth $12,225,871. Insiders own 7.40% of the company’s stock.
Several institutional investors have recently modified their holdings of the company. YorkBridge Wealth Partners LLC grew its position in Texas Roadhouse by 4.2% in the second quarter. YorkBridge Wealth Partners LLC now owns 2,159 shares of the restaurant operator’s stock worth $110,000 after acquiring an additional 87 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Texas Roadhouse by 11.0% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,612 shares of the restaurant operator’s stock worth $133,000 after acquiring an additional 258 shares in the last quarter. Advisor Group Inc. grew its position in Texas Roadhouse by 26.8% in the second quarter. Advisor Group Inc. now owns 2,808 shares of the restaurant operator’s stock worth $143,000 after acquiring an additional 593 shares in the last quarter. Cubist Systematic Strategies LLC purchased a new position in Texas Roadhouse in the third quarter worth about $193,000. Finally, M&T Bank Corp purchased a new position in Texas Roadhouse in the second quarter worth about $211,000. Hedge funds and other institutional investors own 85.95% of the company’s stock.
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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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