Texas Roadhouse (NASDAQ:TXRH) Now Covered by Analysts at Mizuho

Mizuho assumed coverage on shares of Texas Roadhouse (NASDAQ:TXRH) in a research report issued on Thursday, March 15th, Marketbeat.com reports. The brokerage set a “buy” rating and a $66.00 price target on the restaurant operator’s stock. Mizuho’s price objective would suggest a potential upside of 8.68% from the company’s previous close.

A number of other equities research analysts have also commented on the company. Jefferies Group upgraded Texas Roadhouse from an “underperform” rating to a “hold” rating and raised their price objective for the stock from $41.00 to $50.00 in a research report on Saturday, December 30th. Zacks Investment Research lowered Texas Roadhouse from a “hold” rating to a “sell” rating in a research report on Saturday, January 6th. Barclays reaffirmed an “overweight” rating and set a $62.00 price target (up from $55.00) on shares of Texas Roadhouse in a research note on Tuesday, January 16th. Telsey Advisory Group raised their price target on Texas Roadhouse from $54.00 to $58.00 and gave the stock a “market perform” rating in a research note on Thursday, December 21st. Finally, Royal Bank of Canada reaffirmed a “hold” rating and set a $58.00 price target on shares of Texas Roadhouse in a research note on Friday, February 23rd. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $58.67.

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TXRH traded up $0.22 during trading hours on Thursday, hitting $60.73. 1,397,551 shares of the stock were exchanged, compared to its average volume of 706,347. Texas Roadhouse has a 12 month low of $43.87 and a 12 month high of $61.74. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.78 and a quick ratio of 0.73. The stock has a market capitalization of $4,333.39, a PE ratio of 30.83, a price-to-earnings-growth ratio of 2.04 and a beta of 0.59.

Texas Roadhouse (NASDAQ:TXRH) last issued its quarterly earnings results on Tuesday, February 20th. The restaurant operator reported $0.40 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.03. The company had revenue of $545.10 million for the quarter, compared to analyst estimates of $545.24 million. Texas Roadhouse had a return on equity of 17.20% and a net margin of 5.93%. The company’s quarterly revenue was up 12.5% compared to the same quarter last year. During the same period last year, the company earned $0.29 earnings per share. research analysts anticipate that Texas Roadhouse will post 2.36 earnings per share for the current fiscal year.

In other news, insider Scott Matthew Colosi sold 10,644 shares of the business’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $58.55, for a total transaction of $623,206.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider S. Chris Jacobsen sold 2,500 shares of the business’s stock in a transaction on Tuesday, January 9th. The stock was sold at an average price of $56.50, for a total value of $141,250.00. Following the sale, 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. In the last three months, insiders sold 64,418 shares of company stock worth $3,671,645. Insiders own 7.40% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the company. Cerebellum GP LLC bought a new stake in shares of Texas Roadhouse during the fourth quarter worth $122,000. Claraphi Advisory Network LLC bought a new stake in shares of Texas Roadhouse during the fourth quarter worth $202,000. MML Investors Services LLC bought a new stake in shares of Texas Roadhouse during the fourth quarter worth $206,000. Zurcher Kantonalbank Zurich Cantonalbank raised 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 acquiring an additional 1,308 shares during the last quarter. Finally, Cubist Systematic Strategies LLC bought a new stake in Texas Roadhouse in the third quarter valued at about $193,000. Institutional investors own 87.73% of the company’s stock.

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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.

Analyst Recommendations for Texas Roadhouse (NASDAQ:TXRH)

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