Investment analysts at Mizuho started coverage on shares of Texas Roadhouse (NASDAQ:TXRH) in a research report issued to clients and investors on Thursday, March 15th, Marketbeat.com reports. The firm set a “buy” rating and a $66.00 price target on the restaurant operator’s stock. Mizuho’s price target points to a potential upside of 18.39% from the company’s current price.
Several other research firms also recently commented on TXRH. Barclays upped their price objective on shares of Texas Roadhouse from $62.00 to $63.00 and gave the company an “overweight” rating in a report on Wednesday, January 24th. Maxim Group reissued a “buy” rating and issued a $65.00 target price (up previously from $60.00) on shares of Texas Roadhouse in a research report on Wednesday, January 24th. Zacks Investment Research raised shares of Texas Roadhouse from a “hold” rating to a “buy” rating and set a $67.00 target price for the company in a research report on Wednesday, January 31st. BTIG Research boosted their target price on shares of Texas Roadhouse to $67.00 and gave the company a “reduce” rating in a research report on Tuesday, January 16th. Finally, Credit Suisse Group raised shares of Texas Roadhouse from a “neutral” rating to an “outperform” rating and set a $65.00 price objective for the company in a research report on Tuesday, January 23rd. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and ten have assigned a buy rating to the company’s stock. Texas Roadhouse presently has an average rating of “Hold” and an average price target of $58.81.
TXRH stock opened at $55.75 on Thursday. The firm has a market cap of $4,124.32, a price-to-earnings ratio of 29.34, a P/E/G ratio of 1.94 and a beta of 0.64. Texas Roadhouse has a fifty-two week low of $43.01 and a fifty-two week high of $60.43. The company has a current ratio of 0.78, a quick ratio of 0.73 and a debt-to-equity ratio of 0.06.
Texas Roadhouse (NASDAQ:TXRH) last released its quarterly earnings data on Tuesday, February 20th. The restaurant operator reported $0.40 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.03. Texas Roadhouse had a net margin of 5.93% and a return on equity of 17.20%. The firm had revenue of $545.10 million for the quarter, compared to the consensus estimate of $545.24 million. During the same period in the previous year, the company earned $0.29 earnings per share. The company’s quarterly revenue was up 12.5% on a year-over-year basis. analysts anticipate that Texas Roadhouse will post 2.35 EPS for the current year.
In other Texas Roadhouse news, insider S. Chris Jacobsen sold 2,500 shares of the stock in a transaction that occurred on 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 sale, the insider now owns 25,184 shares of the company’s stock, valued at approximately $1,422,896. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel Celia Catlett sold 6,337 shares of the stock in a transaction that occurred on Monday, January 8th. The shares were sold at an average price of $56.11, for a total transaction of $355,569.07. Following the sale, the general counsel now directly owns 26,337 shares of the company’s stock, valued at approximately $1,477,769.07. The disclosure for this sale can be found here. Insiders sold 56,418 shares of company stock valued at $3,219,565 in the last ninety days. 7.40% of the stock is currently owned by insiders.
A number of large investors have recently added to or reduced their stakes in TXRH. BlackRock Inc. boosted its holdings in shares of Texas Roadhouse by 3.9% during the 4th quarter. BlackRock Inc. now owns 7,022,082 shares of the restaurant operator’s stock worth $369,923,000 after buying an additional 265,122 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Texas Roadhouse by 0.9% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,666,230 shares of the restaurant operator’s stock worth $81,879,000 after buying an additional 14,545 shares in the last quarter. Congress Asset Management Co. MA boosted its holdings in shares of Texas Roadhouse by 2.9% during the 4th quarter. Congress Asset Management Co. MA now owns 1,574,225 shares of the restaurant operator’s stock worth $82,930,000 after buying an additional 44,480 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Texas Roadhouse by 1.2% during the 4th quarter. Bank of New York Mellon Corp now owns 1,152,307 shares of the restaurant operator’s stock worth $60,703,000 after buying an additional 13,764 shares in the last quarter. Finally, Rothschild Asset Management Inc. boosted its holdings in shares of Texas Roadhouse by 6.9% during the 3rd quarter. Rothschild Asset Management Inc. now owns 685,201 shares of the restaurant operator’s stock worth $33,671,000 after buying an additional 44,435 shares in the last quarter. 87.73% of the stock is owned by institutional investors and hedge funds.
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Texas Roadhouse Company Profile
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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