Wedbush started coverage on shares of Texas Roadhouse (NASDAQ:TXRH) in a research report released on Friday, January 12th, MarketBeat reports. The brokerage issued an outperform rating and a $67.00 target price on the restaurant operator’s stock.
A number of other equities analysts also recently commented on TXRH. Stifel Nicolaus began coverage on shares of Texas Roadhouse in a report on Monday, October 2nd. They set a buy rating and a $55.00 price target for the company. BMO Capital Markets reduced their price target on shares of Texas Roadhouse from $58.00 to $57.00 and set an outperform rating for the company in a report on Tuesday, October 31st. Robert W. Baird restated a buy rating and set a $56.00 price objective on shares of Texas Roadhouse in a research note on Tuesday, September 19th. Oppenheimer restated a hold rating on shares of Texas Roadhouse in a research note on Tuesday, October 31st. Finally, BidaskClub upgraded shares of Texas Roadhouse from a sell rating to a hold rating in a research note on Friday, December 22nd. One investment 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’s stock. The stock currently has an average rating of Hold and a consensus target price of $55.45.
Texas Roadhouse (NASDAQ TXRH) traded down $1.37 during trading on Friday, reaching $57.61. 661,672 shares of the company’s stock were exchanged, compared to its average volume of 564,798. The firm has a market capitalization of $4,193.83, a P/E ratio of 33.30, a PEG ratio of 2.04 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. Texas Roadhouse has a 1 year low of $40.28 and a 1 year high of $60.43.
In other Texas Roadhouse news, General Counsel Celia Catlett sold 3,663 shares of the business’s stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $49.34, for a total transaction of $180,732.42. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Kathy Widmer sold 1,300 shares of the business’s stock in a transaction dated Tuesday, December 12th. The stock was sold at an average price of $50.86, for a total value of $66,118.00. Following the sale, the director now owns 10,450 shares in the company, valued at approximately $531,487. The disclosure for this sale can be found here. Over the last quarter, insiders sold 239,837 shares of company stock worth $12,441,871. 7.40% of the stock is owned by company insiders.
Large investors have recently added to or reduced their stakes in the business. YorkBridge Wealth Partners LLC grew its stake in Texas Roadhouse by 4.2% during the 2nd quarter. YorkBridge Wealth Partners LLC now owns 2,159 shares of the restaurant operator’s stock valued at $110,000 after acquiring an additional 87 shares in the last quarter. Cerebellum GP LLC purchased a new position in Texas Roadhouse during the 4th quarter valued at about $122,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Texas Roadhouse by 11.0% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,612 shares of the restaurant operator’s stock valued at $133,000 after buying an additional 258 shares in the last quarter. Advisor Group Inc. grew its stake in shares of Texas Roadhouse by 26.8% in the 2nd quarter. Advisor Group Inc. now owns 2,808 shares of the restaurant operator’s stock valued at $143,000 after buying an additional 593 shares in the last quarter. Finally, Cubist Systematic Strategies LLC bought a new stake in shares of Texas Roadhouse in the 3rd quarter valued at approximately $193,000. 85.78% of the stock is currently 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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