Texas Roadhouse, Inc. (TXRH) Earns “Buy” Rating from Maxim Group
Texas Roadhouse, Inc. (NASDAQ:TXRH)‘s stock had its “buy” rating restated by stock analysts at Maxim Group in a research note issued to investors on Friday. They presently have a $55.00 price target on the restaurant operator’s stock. Maxim Group’s target price indicates a potential upside of 12.52% from the stock’s previous close.
The analysts wrote, “We maintain our Buy rating and $55 price target on Texas Roadhouse (TXRH) ahead of the company’s release of 2Q17 (June) results on Monday, July 31.””
Other equities analysts have also issued research reports about the company. Zacks Investment Research raised Texas Roadhouse from a “sell” rating to a “hold” rating in a research note on Thursday, May 4th. Raymond James Financial, Inc. reiterated a “market perform” rating on shares of Texas Roadhouse in a report on Tuesday. Canaccord Genuity increased their price objective on Texas Roadhouse from $42.00 to $49.00 and gave the stock a “hold” rating in a report on Wednesday, May 3rd. Barclays PLC increased their price objective on Texas Roadhouse from $47.00 to $53.00 and gave the stock an “overweight” rating in a report on Tuesday, May 2nd. Finally, Royal Bank Of Canada increased their price objective on Texas Roadhouse from $49.00 to $53.00 and gave the stock a “sector perform” rating in a report on Tuesday, May 2nd. One analyst has rated the stock with a sell rating, twelve have given a hold rating and eight have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $49.95.
Shares of Texas Roadhouse (TXRH) opened at 48.88 on Friday. The company’s 50 day moving average is $50.27 and its 200-day moving average is $47.10. Texas Roadhouse has a 52 week low of $37.23 and a 52 week high of $51.91. The company has a market capitalization of $3.47 billion, a PE ratio of 30.34 and a beta of 0.56.
Texas Roadhouse (NASDAQ:TXRH) last issued its quarterly earnings results on Monday, May 1st. The restaurant operator reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.03. Texas Roadhouse had a return on equity of 16.42% and a net margin of 5.60%. The business had revenue of $567.70 million for the quarter, compared to analyst estimates of $560.74 million. During the same quarter in the prior year, the firm posted $0.50 earnings per share. The firm’s revenue for the quarter was up 10.1% compared to the same quarter last year. On average, analysts expect that Texas Roadhouse will post $1.92 EPS for the current fiscal year.
In related news, Director Kathy Widmer sold 5,200 shares of the company’s stock in a transaction on Wednesday, May 31st. The shares were 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider S. Chris Jacobsen sold 3,500 shares of the company’s stock in a transaction on Wednesday, May 3rd. The stock was sold at an average price of $51.29, for a total transaction of $179,515.00. Following the completion of the transaction, the insider now directly owns 17,684 shares of the company’s stock, valued at approximately $907,012.36. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 25,537 shares of company stock valued at $1,275,317. 7.40% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of the company. YorkBridge Wealth Partners LLC boosted its stake in shares of Texas Roadhouse by 22.1% in the first quarter. YorkBridge Wealth Partners LLC now owns 2,072 shares of the restaurant operator’s stock valued at $106,000 after buying an additional 375 shares in the last quarter. Creative Planning raised its stake in Texas Roadhouse by 11.2% in the second quarter. Creative Planning now owns 2,223 shares of the restaurant operator’s stock worth $113,000 after buying an additional 224 shares during the period. Public Employees Retirement System of Ohio raised its stake in Texas Roadhouse by 4.3% in the first quarter. Public Employees Retirement System of Ohio now owns 3,393 shares of the restaurant operator’s stock worth $151,000 after buying an additional 141 shares during the period. Victory Capital Management Inc. raised its stake in Texas Roadhouse by 227.8% in the first quarter. Victory Capital Management Inc. now owns 4,170 shares of the restaurant operator’s stock worth $186,000 after buying an additional 2,898 shares during the period. Finally, Sawtooth Solutions LLC raised its stake in Texas Roadhouse by 11.6% in the first quarter. Sawtooth Solutions LLC now owns 4,835 shares of the restaurant operator’s stock worth $215,000 after buying an additional 501 shares during the period. 88.41% of the stock is owned by institutional investors.
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.
Receive News & Ratings for Texas Roadhouse Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Texas Roadhouse Inc. and related companies with MarketBeat.com's FREE daily email newsletter.