Zacks Investment Research Lowers Texas Roadhouse (TXRH) to Sell

Texas Roadhouse (NASDAQ:TXRH) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued to investors on Saturday.

According to Zacks, “Texas Roadhouse, Inc. is a full-service, casual dining restaurant chain, which offers assorted seasoned and aged steaks hand-cut daily on the premises and cooked to order over open gas-fired grills. It operates restaurants under the Texas Roadhouse and Aspen Creek names. The firm also offers its guests a selection of ribs, fish, seafood, chicken, pork chops, pulled pork and vegetable plates, an assortment of hamburgers, salads and sandwiches. It also provides supervisory and administrative services for other license and franchise restaurants. “

A number of other equities research analysts have also recently commented on TXRH. Robert W. Baird reiterated a “buy” rating and issued a $56.00 price target on shares of Texas Roadhouse in a research note on Tuesday, September 19th. Stifel Nicolaus initiated coverage on Texas Roadhouse in a research note on Monday, October 2nd. They issued a “buy” rating and a $55.00 price target for the company. Barclays decreased their price target on Texas Roadhouse from $56.00 to $55.00 and set an “overweight” rating for the company in a research note on Wednesday, October 18th. Maxim Group reissued a “buy” rating and issued a $55.00 price objective on shares of Texas Roadhouse in a report on Friday, October 20th. Finally, Canaccord Genuity reissued a “hold” rating and issued a $51.00 price objective on shares of Texas Roadhouse in a report on Sunday, October 22nd. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and eight have assigned a buy rating to the company. Texas Roadhouse has a consensus rating of “Hold” and an average price target of $51.79.

Shares of Texas Roadhouse (NASDAQ TXRH) opened at $57.16 on Friday. The company has a quick ratio of 0.63, a current ratio of 0.69 and a debt-to-equity ratio of 0.06. Texas Roadhouse has a 12 month low of $40.28 and a 12 month high of $57.55. The company has a market capitalization of $4,044.51, a PE ratio of 33.04, a price-to-earnings-growth ratio of 2.07 and a beta of 0.52.

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

In related news, CEO Wayne Kent Taylor sold 200,000 shares of the firm’s stock in a transaction dated Thursday, December 7th. The stock was sold at an average price of $51.09, for a total transaction of $10,218,000.00. Following the sale, the chief executive officer now directly owns 3,908,231 shares of the company’s stock, valued at $199,671,521.79. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, General Counsel Celia Catlett sold 3,663 shares of the firm’s stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $49.34, for a total value of $180,732.42. The disclosure for this sale can be found here. Insiders sold 204,963 shares of company stock worth $10,464,850 over the last three months. Corporate insiders own 7.40% of the company’s stock.

Institutional investors have recently bought and sold shares of the stock. YorkBridge Wealth Partners LLC grew its holdings in Texas Roadhouse by 4.2% during the second quarter. YorkBridge Wealth Partners LLC now owns 2,159 shares of the restaurant operator’s stock worth $110,000 after acquiring an additional 87 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew 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 worth $133,000 after acquiring an additional 258 shares during the period. Advisor Group Inc. grew 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 worth $143,000 after acquiring an additional 593 shares during the period. Cubist Systematic Strategies LLC acquired a new stake in Texas Roadhouse during the third quarter worth about $193,000. Finally, M&T Bank Corp acquired a new stake in Texas Roadhouse during the second quarter worth about $211,000. 85.95% of the stock is currently owned by hedge funds and other institutional investors.

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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.

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Analyst Recommendations for Texas Roadhouse (NASDAQ:TXRH)

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