Texas Roadhouse (NASDAQ:TXRH) had its price target reduced by Royal Bank of Canada to $66.00 in a research report report published on Tuesday morning, The Fly reports. Royal Bank of Canada currently has an outperform rating on the restaurant operator’s stock.
A number of other research analysts have also recently commented on TXRH. Wedbush decreased their price target on Texas Roadhouse from $67.00 to $62.00 and set a neutral rating on the stock in a research report on Tuesday. Gordon Haskett began coverage on Texas Roadhouse in a research report on Thursday, October 18th. They issued an underperform rating and a $60.00 price target on the stock. Zacks Investment Research upgraded Texas Roadhouse from a sell rating to a hold rating in a research report on Thursday, October 18th. BMO Capital Markets decreased their price target on Texas Roadhouse from $64.00 to $62.00 and set a hold rating on the stock in a research report on Tuesday, July 31st. Finally, Telsey Advisory Group raised their price target on Texas Roadhouse from $64.00 to $70.00 and gave the stock a market perform rating in a research report on Wednesday, July 11th. Four research analysts have rated the stock with a sell rating, ten have given a hold rating and eight have given a buy rating to the company. The company has a consensus rating of Hold and an average price target of $65.00.
TXRH opened at $62.10 on Tuesday. Texas Roadhouse has a fifty-two week low of $47.70 and a fifty-two week high of $75.24. The firm has a market cap of $4.32 billion, a PE ratio of 31.52, a PEG ratio of 2.33 and a beta of 0.77.
Texas Roadhouse (NASDAQ:TXRH) last posted its earnings results on Monday, October 29th. The restaurant operator reported $0.40 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.54 by ($0.14). Texas Roadhouse had a return on equity of 17.39% and a net margin of 6.53%. The firm had revenue of $594.60 million for the quarter, compared to analyst estimates of $594.16 million. During the same period in the prior year, the business posted $0.43 EPS. The firm’s quarterly revenue was up 10.0% compared to the same quarter last year. Research analysts forecast that Texas Roadhouse will post 2.19 EPS for the current fiscal year.
In other Texas Roadhouse news, Director James F. Parker sold 4,250 shares of Texas Roadhouse stock in a transaction dated Wednesday, October 31st. The stock was sold at an average price of $62.21, for a total value of $264,392.50. Following the transaction, the director now owns 87,810 shares in the company, valued at $5,462,660.10. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider S. Chris Jacobsen sold 1,500 shares of Texas Roadhouse stock in a transaction dated Friday, September 7th. The shares were sold at an average price of $75.00, for a total value of $112,500.00. Following the completion of the transaction, the insider now owns 13,533 shares in the company, valued at approximately $1,014,975. The disclosure for this sale can be found here. In the last quarter, insiders sold 18,273 shares of company stock worth $1,238,107. Company insiders own 5.89% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in the business. FMR LLC grew its position in Texas Roadhouse by 44.9% in the second quarter. FMR LLC now owns 2,170,345 shares of the restaurant operator’s stock valued at $142,179,000 after acquiring an additional 672,768 shares during the last quarter. Northern Trust Corp lifted its stake in shares of Texas Roadhouse by 1.8% in the second quarter. Northern Trust Corp now owns 1,285,587 shares of the restaurant operator’s stock worth $84,219,000 after acquiring an additional 23,198 shares during the period. Frontier Capital Management Co. LLC lifted its stake in shares of Texas Roadhouse by 5.9% in the third quarter. Frontier Capital Management Co. LLC now owns 728,101 shares of the restaurant operator’s stock worth $50,450,000 after acquiring an additional 40,332 shares during the period. Jennison Associates LLC lifted its stake in shares of Texas Roadhouse by 1.3% in the second quarter. Jennison Associates LLC now owns 658,556 shares of the restaurant operator’s stock worth $43,142,000 after acquiring an additional 8,242 shares during the period. Finally, OppenheimerFunds Inc. lifted its stake in shares of Texas Roadhouse by 131.5% in the second quarter. OppenheimerFunds Inc. now owns 655,595 shares of the restaurant operator’s stock worth $42,948,000 after acquiring an additional 372,362 shares during the period. Hedge funds and other institutional investors own 91.78% of the company’s stock.
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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