Texas Roadhouse (NASDAQ:TXRH) was upgraded by research analysts at Jefferies Group from an “underperform” rating to a “hold” rating in a research report issued to clients and investors on Saturday. The brokerage presently has a $50.00 target price on the restaurant operator’s stock, up from their prior target price of $41.00. Jefferies Group’s price target points to a potential downside of 5.09% from the company’s current price.
TXRH has been the topic of several other research reports. BMO Capital Markets decreased their target price on Texas Roadhouse from $58.00 to $57.00 and set an “outperform” rating on the stock in a report on Tuesday, October 31st. Maxim Group raised their price target on Texas Roadhouse from $55.00 to $60.00 and gave the company a “buy” rating in a report on Tuesday, October 31st. Robert W. Baird reiterated a “buy” rating and issued a $56.00 price target on shares of Texas Roadhouse in a report on Tuesday, September 19th. Stifel Nicolaus began coverage on Texas Roadhouse in a report on Monday, October 2nd. They issued a “buy” rating and a $55.00 price target on the stock. Finally, BidaskClub upgraded Texas Roadhouse from a “sell” rating to a “hold” rating in a report on Friday, December 22nd. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating and eight have issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of $51.79.
Shares of Texas Roadhouse (NASDAQ TXRH) opened at $52.68 on Friday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.63 and a current ratio of 0.69. The company has a market capitalization of $3,818.39, a price-to-earnings ratio of 30.45, a PEG ratio of 2.20 and a beta of 0.52. Texas Roadhouse has a 1-year low of $40.28 and a 1-year high of $55.99.
In other Texas Roadhouse news, CEO Wayne Kent Taylor sold 200,000 shares of the stock in a transaction dated Thursday, December 7th. The stock was sold at an average price of $51.09, for a total value of $10,218,000.00. Following the transaction, the chief executive officer now owns 3,908,231 shares of the company’s stock, valued at $199,671,521.79. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Kathy Widmer sold 1,300 shares of the stock in a transaction dated Tuesday, December 12th. The shares were sold at an average price of $50.86, for a total value of $66,118.00. Following the completion of the transaction, the director now directly owns 10,450 shares in the company, valued at approximately $531,487. The disclosure for this sale can be found here. Insiders sold 204,963 shares of company stock worth $10,464,850 in the last three months. Insiders own 7.40% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company raised its position in shares of Texas Roadhouse by 1.8% during the second quarter. The Manufacturers Life Insurance Company now owns 144,517 shares of the restaurant operator’s stock worth $7,363,000 after purchasing an additional 2,531 shares during the period. Eaton Vance Management raised its position in shares of Texas Roadhouse by 122.1% during the second quarter. Eaton Vance Management now owns 378,905 shares of the restaurant operator’s stock worth $19,305,000 after purchasing an additional 208,290 shares during the period. AHL Partners LLP raised its position in shares of Texas Roadhouse by 87.9% during the second quarter. AHL Partners LLP now owns 126,695 shares of the restaurant operator’s stock worth $6,455,000 after purchasing an additional 59,260 shares during the period. Advisor Group Inc. raised its position in shares of Texas Roadhouse by 26.8% during the second quarter. Advisor Group Inc. now owns 2,808 shares of the restaurant operator’s stock worth $143,000 after purchasing an additional 593 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in shares of Texas Roadhouse by 1.5% during the second quarter. Dimensional Fund Advisors LP now owns 1,651,685 shares of the restaurant operator’s stock worth $84,154,000 after purchasing an additional 24,577 shares during the period. 85.95% of the stock is currently 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.
