Texas Roadhouse (NASDAQ:TXRH) was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a research report issued on Tuesday.
TXRH has been the subject of several other research reports. Jefferies Group raised Texas Roadhouse from an “underperform” rating to a “hold” rating and lifted their price objective for the stock from $41.00 to $50.00 in a report on Saturday, December 30th. Zacks Investment Research lowered Texas Roadhouse from a “hold” rating to a “sell” rating in a report on Saturday, January 6th. Morgan Stanley lifted their price objective on Texas Roadhouse from $55.00 to $58.00 and gave the stock an “equal weight” rating in a report on Monday, April 16th. Wedbush reissued a “buy” rating and issued a $64.00 price objective on shares of Texas Roadhouse in a report on Thursday, April 5th. Finally, Barclays reissued an “overweight” rating and issued a $62.00 price objective (up previously from $55.00) on shares of Texas Roadhouse in a report on Tuesday, January 16th. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. Texas Roadhouse currently has a consensus rating of “Hold” and a consensus price target of $59.62.
Shares of Texas Roadhouse stock opened at $61.44 on Tuesday. Texas Roadhouse has a 1 year low of $44.29 and a 1 year high of $63.80. The firm has a market cap of $4,403.29, a PE ratio of 31.30, a price-to-earnings-growth ratio of 2.05 and a beta of 0.59. The company has a quick ratio of 0.73, a current ratio of 0.78 and a debt-to-equity ratio of 0.06.
Texas Roadhouse (NASDAQ:TXRH) last announced its quarterly earnings data on Tuesday, February 20th. The restaurant operator reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.03. Texas Roadhouse had a return on equity of 17.20% and a net margin of 5.93%. The company had revenue of $545.10 million during the quarter, compared to analyst estimates of $545.24 million. During the same quarter last year, the firm posted $0.29 EPS. The firm’s revenue for the quarter was up 12.5% on a year-over-year basis. equities analysts expect that Texas Roadhouse will post 2.37 earnings per share for the current fiscal year.
In other news, insider Scott Matthew Colosi sold 10,644 shares of Texas Roadhouse stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $58.55, for a total transaction of $623,206.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CMO S. Chris Jacobsen sold 1,134 shares of Texas Roadhouse stock in a transaction dated Friday, January 26th. The shares were sold at an average price of $60.00, for a total value of $68,040.00. Following the sale, the chief marketing officer now owns 16,899 shares of the company’s stock, valued at approximately $1,013,940. The disclosure for this sale can be found here. Insiders have sold a total of 32,178 shares of company stock valued at $1,852,664 in the last ninety days. Insiders own 5.89% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of TXRH. BlackRock Inc. boosted its position 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 valued at $369,923,000 after acquiring an additional 265,122 shares during the last quarter. Eaton Vance Management boosted its position in shares of Texas Roadhouse by 50.3% during the 4th quarter. Eaton Vance Management now owns 591,142 shares of the restaurant operator’s stock valued at $31,141,000 after acquiring an additional 197,951 shares during the last quarter. Amundi Pioneer Asset Management Inc. bought a new stake in shares of Texas Roadhouse during the 4th quarter valued at about $8,666,000. Tide Point Capital Management LP bought a new stake in shares of Texas Roadhouse during the 4th quarter valued at about $5,809,000. Finally, Retirement Systems of Alabama boosted its position in shares of Texas Roadhouse by 127.2% during the 4th quarter. Retirement Systems of Alabama now owns 191,590 shares of the restaurant operator’s stock valued at $10,093,000 after acquiring an additional 107,271 shares during the last quarter. Hedge funds and other institutional investors own 87.55% of the company’s stock.
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Texas Roadhouse Company Profile
Texas Roadhouse, Inc, together with its subsidiaries, operates casual dining restaurants in the United States and internationally. The company operates and franchises Texas Roadhouse and Bubba's 33 restaurants. As of February 20, 2018, it owned and operated approximately 550 restaurants. Texas Roadhouse, Inc was founded in 1993 and is based in Louisville, Kentucky.
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