Texas Roadhouse, Inc. (NASDAQ:TXRH) has received a consensus recommendation of “Hold” from the twenty-two research firms that are covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a sell recommendation, ten have given a hold recommendation and eight have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $50.78.

Several equities analysts have recently commented on the stock. Robert W. Baird set a $56.00 price target on shares of Texas Roadhouse and gave the company a “buy” rating in a report on Wednesday, August 30th. BidaskClub upgraded shares of Texas Roadhouse from a “strong sell” rating to a “sell” rating in a report on Monday, August 14th. BMO Capital Markets lowered their price target on shares of Texas Roadhouse from $58.00 to $57.00 and set an “outperform” rating on the stock in a report on Tuesday, October 31st. Stifel Nicolaus assumed coverage on shares of Texas Roadhouse in a report on Monday, October 2nd. They set a “buy” rating and a $55.00 price target on the stock. Finally, Jefferies Group restated a “sell” rating and set a $40.00 price target on shares of Texas Roadhouse in a report on Thursday, August 31st.

In related news, General Counsel Celia Catlett sold 3,663 shares of the company’s stock in a transaction on Monday, November 13th. The shares were sold at an average price of $49.34, for a total value of $180,732.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Kathy Widmer sold 2,000 shares of the company’s stock in a transaction on Thursday, September 21st. The stock was sold at an average price of $47.95, for a total transaction of $95,900.00. Following the completion of the sale, the director now owns 11,750 shares of the company’s stock, valued at $563,412.50. The disclosure for this sale can be found here. Corporate insiders own 6.60% of the company’s stock.

Large investors have recently modified their holdings of the stock. YorkBridge Wealth Partners LLC boosted its holdings in Texas Roadhouse by 4.2% in the second quarter. YorkBridge Wealth Partners LLC now owns 2,159 shares of the restaurant operator’s stock worth $110,000 after purchasing an additional 87 shares in the last quarter. Creative Planning boosted its holdings in Texas Roadhouse by 11.2% during the second quarter. Creative Planning now owns 2,223 shares of the restaurant operator’s stock valued at $113,000 after acquiring an additional 224 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Texas Roadhouse by 11.0% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,612 shares of the restaurant operator’s stock valued at $133,000 after acquiring an additional 258 shares during the period. Advisor Group Inc. boosted its holdings in Texas Roadhouse by 26.8% during the second quarter. Advisor Group Inc. now owns 2,808 shares of the restaurant operator’s stock valued at $143,000 after acquiring an additional 593 shares during the period. Finally, Public Employees Retirement System of Ohio boosted its holdings in Texas Roadhouse by 4.3% during the first quarter. Public Employees Retirement System of Ohio now owns 3,393 shares of the restaurant operator’s stock valued at $151,000 after acquiring an additional 141 shares during the period. Hedge funds and other institutional investors own 85.92% of the company’s stock.

Texas Roadhouse (TXRH) traded down $0.03 during trading on Thursday, hitting $51.07. 591,821 shares of the stock traded hands, compared to its average volume of 768,544. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.63 and a current ratio of 0.69. Texas Roadhouse has a fifty-two week low of $40.28 and a fifty-two week high of $53.61. The stock has a market cap of $3,494.86, a PE ratio of 26.42, a P/E/G ratio of 2.01 and a beta of 0.53.

Texas Roadhouse (NASDAQ:TXRH) last posted its quarterly earnings results on Monday, October 30th. The restaurant operator reported $0.43 EPS for the quarter, meeting the consensus estimate of $0.43. Texas Roadhouse had a net margin of 5.73% and a return on equity of 16.71%. The business had revenue of $540.50 million for the quarter, compared to analysts’ expectations of $538.15 million. During the same period in the previous year, the company posted $0.36 EPS. Texas Roadhouse’s revenue was up 12.2% on a year-over-year basis. research analysts anticipate that Texas Roadhouse will post 1.93 earnings per share for the current year.

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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.

Analyst Recommendations for Texas Roadhouse (NASDAQ:TXRH)

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