Texas Roadhouse (TXRH) Now Covered by Analysts at Wedbush
Research analysts at Wedbush began coverage on shares of Texas Roadhouse (NASDAQ:TXRH) in a research note issued on Friday, The Fly reports. The firm set an “outperform” rating on the restaurant operator’s stock.
A number of other research analysts have also recently weighed in on the stock. BidaskClub raised shares of Texas Roadhouse from a “sell” rating to a “hold” rating in a research note on Friday, December 22nd. Stifel Nicolaus assumed coverage on shares of Texas Roadhouse in a research note on Monday, October 2nd. They set a “buy” rating and a $55.00 price objective for the company. Jefferies Group raised shares of Texas Roadhouse from an “underperform” rating to a “hold” rating and raised their price objective for the stock from $41.00 to $50.00 in a research note on Saturday, December 30th. BMO Capital Markets dropped their price objective on shares of Texas Roadhouse from $58.00 to $57.00 and set an “outperform” rating for the company in a research note on Tuesday, October 31st. Finally, Robert W. Baird reissued a “buy” rating and set a $56.00 price objective on shares of Texas Roadhouse in a research note on Tuesday, September 19th. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating and nine have given a buy rating to the company’s stock. Texas Roadhouse currently has an average rating of “Hold” and an average target price of $51.79.
Texas Roadhouse (NASDAQ TXRH) opened at $57.41 on Friday. Texas Roadhouse has a 1-year low of $40.28 and a 1-year high of $57.55. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.69 and a quick ratio of 0.63. The stock has a market cap of $4,080.00, a PE ratio of 33.18, a price-to-earnings-growth ratio of 2.05 and a beta of 0.52.
Texas Roadhouse (NASDAQ:TXRH) last issued its earnings results on Monday, October 30th. The restaurant operator reported $0.43 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.43. Texas Roadhouse had a net margin of 5.73% and a return on equity of 16.71%. 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 company posted $0.36 earnings per share. The firm’s quarterly revenue was up 12.2% compared to the same quarter last year. equities research analysts anticipate that Texas Roadhouse will post 1.93 EPS for the current year.
In other Texas Roadhouse news, CEO Wayne Kent Taylor sold 200,000 shares of Texas Roadhouse stock in a transaction on Thursday, December 7th. The shares were 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 in the company, valued at approximately $199,671,521.79. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, General Counsel Celia Catlett sold 3,663 shares of Texas Roadhouse stock in a transaction on Monday, November 13th. The shares were sold at an average price of $49.34, for a total transaction of $180,732.42. The disclosure for this sale can be found here. In the last quarter, insiders sold 236,203 shares of company stock worth $12,225,871. 6.60% of the stock is owned by company insiders.
Several institutional investors and hedge funds have recently made changes to their positions in the business. Public Employees Retirement System of Ohio lifted its holdings in shares of Texas Roadhouse by 80.2% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 126,296 shares of the restaurant operator’s stock valued at $6,206,000 after acquiring an additional 56,206 shares in the last quarter. GSA Capital Partners LLP lifted its holdings in shares of Texas Roadhouse by 94.9% during the 3rd quarter. GSA Capital Partners LLP now owns 21,729 shares of the restaurant operator’s stock valued at $1,068,000 after acquiring an additional 10,580 shares in the last quarter. California Public Employees Retirement System lifted its holdings in shares of Texas Roadhouse by 2.7% during the 3rd quarter. California Public Employees Retirement System now owns 176,766 shares of the restaurant operator’s stock valued at $8,686,000 after acquiring an additional 4,566 shares in the last quarter. Cubist Systematic Strategies LLC acquired a new position in shares of Texas Roadhouse during the 3rd quarter valued at $193,000. Finally, Point72 Asset Management L.P. acquired a new position in shares of Texas Roadhouse during the 3rd quarter valued at $6,268,000. Institutional investors own 85.95% of the company’s stock.
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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.
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