Texas Roadhouse Inc (TXRH) Receives Average Rating of “Hold” from Analysts

Shares of Texas Roadhouse Inc (NASDAQ:TXRH) have been given an average rating of “Hold” by the twenty-three research firms that are presently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, eleven have given a hold recommendation and ten have issued a buy recommendation on the company. The average 12-month target price among brokers that have covered the stock in the last year is $55.70.

A number of equities research analysts have commented on TXRH shares. Maxim Group reissued a “buy” rating and issued a $55.00 price objective on shares of Texas Roadhouse in a research note on Friday, October 20th. Robert W. Baird reissued a “buy” rating and issued a $56.00 price objective on shares of Texas Roadhouse in a research note on Friday, October 20th. Zacks Investment Research raised Texas Roadhouse from a “hold” rating to a “buy” rating and set a $67.00 price objective for the company in a research note on Wednesday, January 31st. Canaccord Genuity reissued a “hold” rating and issued a $51.00 price objective on shares of Texas Roadhouse in a research note on Sunday, October 22nd. Finally, Oppenheimer reissued a “hold” rating on shares of Texas Roadhouse in a research note on Tuesday, October 31st.

Shares of Texas Roadhouse (NASDAQ:TXRH) traded up $0.09 during trading on Tuesday, reaching $56.48. The company’s stock had a trading volume of 476,111 shares, compared to its average volume of 696,214. 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 $60.43. The firm has a market capitalization of $3,990.00, a PE ratio of 32.65, a PEG ratio of 1.86 and a beta of 0.59.

In related news, insider S. Chris Jacobsen sold 1,500 shares of Texas Roadhouse stock in a transaction on Monday, January 29th. The stock was sold at an average price of $60.00, for a total transaction of $90,000.00. Following the sale, the insider now directly owns 16,899 shares in the company, valued at $1,013,940. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, General Counsel Celia Catlett sold 6,337 shares of Texas Roadhouse stock in a transaction on Monday, January 8th. The stock was sold at an average price of $56.11, for a total value of $355,569.07. Following the sale, the general counsel now owns 26,337 shares in the company, valued at $1,477,769.07. The disclosure for this sale can be found here. Insiders have sold 236,174 shares of company stock worth $12,261,138 over the last quarter. 6.60% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently modified their holdings of TXRH. Lord Abbett & CO. LLC bought a new stake in Texas Roadhouse during the second quarter worth $37,869,000. Renaissance Technologies LLC bought a new stake in Texas Roadhouse during the second quarter worth $13,964,000. BlackRock Inc. lifted its holdings in Texas Roadhouse by 3.9% during the fourth quarter. BlackRock Inc. now owns 7,022,082 shares of the restaurant operator’s stock worth $369,923,000 after acquiring an additional 265,122 shares during the period. Eaton Vance Management lifted its holdings in Texas Roadhouse by 50.3% during the fourth quarter. Eaton Vance Management now owns 591,142 shares of the restaurant operator’s stock worth $31,141,000 after acquiring an additional 197,951 shares during the period. Finally, Amundi Pioneer Asset Management Inc. bought a new stake in Texas Roadhouse during the fourth quarter worth $8,666,000. Institutional investors and hedge funds own 85.14% 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.

Analyst Recommendations for Texas Roadhouse (NASDAQ:TXRH)

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