Texas Roadhouse, Inc. (NASDAQ:TXRH) was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Monday, July 31st.
A number of other equities research analysts have also weighed in on the company. Maxim Group reaffirmed a “buy” rating and set a $55.00 target price on shares of Texas Roadhouse in a research report on Friday, July 28th. Raymond James Financial, Inc. reaffirmed a “market perform” rating on shares of Texas Roadhouse in a research report on Tuesday, July 25th. Zacks Investment Research lowered Texas Roadhouse from a “buy” rating to a “hold” rating in a research report on Tuesday, July 25th. Deutsche Bank AG reissued a “hold” rating and issued a $53.00 price target (up from $49.00) on shares of Texas Roadhouse in a research report on Monday, July 10th. Finally, Longbow Research reissued a “buy” rating and issued a $56.00 price target on shares of Texas Roadhouse in a research report on Monday, July 3rd. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $50.11.
Shares of Texas Roadhouse (TXRH) traded up 0.63% during midday trading on Monday, reaching $49.25. 328,273 shares of the company’s stock were exchanged. The company has a market cap of $3.50 billion, a P/E ratio of 29.65 and a beta of 0.54. The firm has a 50 day moving average price of $49.84 and a 200 day moving average price of $47.26. Texas Roadhouse has a 12 month low of $37.23 and a 12 month high of $51.91.
Texas Roadhouse (NASDAQ:TXRH) last issued its earnings results on Monday, July 31st. The restaurant operator reported $0.53 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.53. The business had revenue of $566.30 million during the quarter, compared to analyst estimates of $563.23 million. Texas Roadhouse had a return on equity of 16.49% and a net margin of 5.63%. Texas Roadhouse’s revenue was up 11.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.47 EPS. Equities research analysts forecast that Texas Roadhouse will post $1.93 earnings per share for the current fiscal year.
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In related news, Director Kathy Widmer sold 5,200 shares of the company’s stock in a transaction dated Wednesday, May 31st. The stock was sold at an average price of $48.97, for a total value of $254,644.00. Following the completion of the transaction, the director now owns 13,750 shares of the company’s stock, valued at approximately $673,337.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 7.40% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in TXRH. BlackRock Inc. boosted its position in shares of Texas Roadhouse by 22,841.1% in the first quarter. BlackRock Inc. now owns 6,542,337 shares of the restaurant operator’s stock worth $291,331,000 after buying an additional 6,513,819 shares during the last quarter. FMR LLC boosted its position in shares of Texas Roadhouse by 130.5% in the second quarter. FMR LLC now owns 1,400,306 shares of the restaurant operator’s stock worth $71,346,000 after buying an additional 792,906 shares during the last quarter. Janus Capital Management LLC boosted its position in shares of Texas Roadhouse by 114.2% in the first quarter. Janus Capital Management LLC now owns 1,202,544 shares of the restaurant operator’s stock worth $53,549,000 after buying an additional 641,045 shares during the last quarter. Norges Bank purchased a new position in shares of Texas Roadhouse during the fourth quarter worth approximately $20,142,000. Finally, Hodges Capital Management Inc. boosted its position in shares of Texas Roadhouse by 6,426.2% in the second quarter. Hodges Capital Management Inc. now owns 409,586 shares of the restaurant operator’s stock worth $20,868,000 after buying an additional 403,310 shares during the last quarter. 88.87% of the stock is owned by institutional investors.
About Texas Roadhouse
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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