BidaskClub lowered shares of Texas Roadhouse (NASDAQ:TXRH) from a strong-buy rating to a buy rating in a research report sent to investors on Tuesday morning.
Several other equities research analysts also recently issued reports on the stock. Zacks Investment Research downgraded shares of Texas Roadhouse from a hold rating to a strong sell rating in a research note on Friday, November 2nd. Morgan Stanley dropped their price target on shares of Texas Roadhouse from $63.00 to $61.00 and set an equal weight rating on the stock in a research note on Tuesday, October 30th. BMO Capital Markets dropped their price target on shares of Texas Roadhouse from $58.00 to $53.00 and set an underperform rating on the stock in a research note on Tuesday, October 30th. Barclays dropped their price target on shares of Texas Roadhouse from $66.00 to $64.00 and set an overweight rating on the stock in a research note on Tuesday, October 30th. Finally, Maxim Group dropped their price target on shares of Texas Roadhouse to $66.00 and set a positive rating on the stock in a research note on Tuesday, October 30th. Four investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and eight 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 $65.00.
Texas Roadhouse stock opened at $63.51 on Tuesday. Texas Roadhouse has a 12-month low of $49.92 and a 12-month high of $75.24. The firm has a market cap of $4.63 billion, a P/E ratio of 32.24, a PEG ratio of 2.50 and a beta of 0.79.
Texas Roadhouse (NASDAQ:TXRH) last released its quarterly earnings results on Monday, October 29th. The restaurant operator reported $0.40 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ 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 analysts’ expectations of $594.16 million. During the same period last year, the firm earned $0.43 EPS. The business’s quarterly revenue was up 10.0% on a year-over-year basis. As a group, analysts expect that Texas Roadhouse will post 2.19 earnings per share for the current fiscal year.
In other Texas Roadhouse news, Director James F. Parker sold 4,250 shares of the firm’s stock in a transaction on Wednesday, October 31st. The shares were sold at an average price of $62.21, for a total transaction of $264,392.50. Following the completion of the transaction, the director now directly owns 87,810 shares of the company’s stock, valued at approximately $5,462,660.10. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Douglas W. Thompson sold 10,000 shares of the firm’s stock in a transaction on Tuesday, September 25th. The stock was sold at an average price of $68.75, for a total transaction of $687,500.00. Following the transaction, the chief operating officer now directly owns 38,519 shares of the company’s stock, valued at $2,648,181.25. The disclosure for this sale can be found here. 5.89% of the stock is owned by company insiders.
A number of hedge funds have recently made changes to their positions in the business. Marshall Wace LLP grew its holdings in Texas Roadhouse by 40.6% during the 3rd quarter. Marshall Wace LLP now owns 174,947 shares of the restaurant operator’s stock worth $12,122,000 after acquiring an additional 50,558 shares in the last quarter. Great Lakes Advisors LLC acquired a new position in Texas Roadhouse during the 3rd quarter worth $8,149,000. Vanguard Group Inc. boosted its holdings in shares of Texas Roadhouse by 4.9% in the 3rd quarter. Vanguard Group Inc. now owns 6,042,344 shares of the restaurant operator’s stock valued at $418,675,000 after buying an additional 284,604 shares during the period. Morgan Stanley boosted its holdings in shares of Texas Roadhouse by 52.2% in the 3rd quarter. Morgan Stanley now owns 405,107 shares of the restaurant operator’s stock valued at $28,069,000 after buying an additional 139,001 shares during the period. Finally, Legal & General Group Plc boosted its holdings in shares of Texas Roadhouse by 1.3% in the 3rd quarter. Legal & General Group Plc now owns 70,237 shares of the restaurant operator’s stock valued at $4,866,000 after buying an additional 928 shares during the period. 90.11% of the stock is owned by institutional investors.
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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