Texas Roadhouse (NASDAQ:TXRH) was downgraded by Robert W. Baird from an “outperform” rating to a “neutral” rating in a research report issued to clients and investors on Monday, The Fly reports.
Several other equities research analysts have also recently weighed in on the company. Wedbush cut Texas Roadhouse from an “outperform” rating to a “neutral” rating and set a $67.00 price objective for the company. in a report on Monday. They noted that the move was a valuation call. BidaskClub upgraded Texas Roadhouse from a “hold” rating to a “buy” rating in a report on Saturday, August 18th. Zacks Investment Research upgraded Texas Roadhouse from a “hold” rating to a “buy” rating and set a $74.00 price objective for the company in a report on Wednesday, August 1st. Barclays dropped their price objective on Texas Roadhouse from $72.00 to $66.00 and set an “overweight” rating for the company in a report on Tuesday, July 31st. Finally, BMO Capital Markets dropped their price objective on Texas Roadhouse from $64.00 to $62.00 and set a “hold” rating for the company in a report on Tuesday, July 31st. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and nine have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $64.02.
NASDAQ TXRH opened at $75.17 on Monday. Texas Roadhouse has a fifty-two week low of $44.83 and a fifty-two week high of $75.24. The company has a market capitalization of $5.37 billion, a price-to-earnings ratio of 38.16, a price-to-earnings-growth ratio of 2.72 and a beta of 0.63.
Texas Roadhouse (NASDAQ:TXRH) last released its quarterly earnings data on Monday, July 30th. The restaurant operator reported $0.62 earnings per share for the quarter, missing the consensus estimate of $0.67 by ($0.05). Texas Roadhouse had a return on equity of 18.15% and a net margin of 6.76%. The business had revenue of $629.24 million during the quarter, compared to analysts’ expectations of $634.52 million. During the same quarter last year, the business posted $0.53 EPS. The company’s quarterly revenue was up 11.1% compared to the same quarter last year. sell-side analysts forecast that Texas Roadhouse will post 2.33 earnings per share for the current year.
In other Texas Roadhouse news, insider S. Chris Jacobsen sold 1,500 shares of Texas Roadhouse stock in a transaction on Tuesday, September 4th. The stock was sold at an average price of $70.00, for a total value of $105,000.00. Following the completion of the sale, the insider now owns 15,033 shares of the company’s stock, valued at approximately $1,052,310. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Tonya Robinson sold 1,023 shares of Texas Roadhouse stock in a transaction on Wednesday, August 22nd. The stock was sold at an average price of $67.17, for a total value of $68,714.91. Following the completion of the sale, the chief financial officer now directly owns 2 shares of the company’s stock, valued at approximately $134.34. The disclosure for this sale can be found here. 5.89% of the stock is currently owned by insiders.
Several institutional investors have recently bought and sold shares of TXRH. BlackRock Inc. increased its holdings in shares of Texas Roadhouse by 22,841.1% in the 1st quarter. BlackRock Inc. now owns 6,542,337 shares of the restaurant operator’s stock worth $291,331,000 after purchasing an additional 6,513,819 shares in the last quarter. Janus Henderson Group PLC increased its holdings in shares of Texas Roadhouse by 332.4% in the 2nd quarter. Janus Henderson Group PLC now owns 1,967,343 shares of the restaurant operator’s stock worth $100,236,000 after purchasing an additional 1,512,352 shares in the last quarter. Congress Asset Management Co. MA bought a new stake in shares of Texas Roadhouse in the 4th quarter worth $55,710,000. FMR LLC increased its holdings in shares of Texas Roadhouse by 130.5% in the 2nd quarter. FMR LLC now owns 1,400,306 shares of the restaurant operator’s stock worth $71,346,000 after purchasing an additional 792,906 shares in the last quarter. Finally, Frontier Capital Management Co. LLC bought a new stake in shares of Texas Roadhouse in the 4th quarter worth $36,715,000. 91.44% of the stock is owned by institutional investors and hedge funds.
Texas Roadhouse Company Profile
Texas Roadhouse, Inc, together with its subsidiaries, operates casual dining restaurants in the United States and internationally. The company operates and franchises Texas Roadhouse and Bubba's 33 restaurants. As of February 20, 2018, it owned and operated approximately 550 restaurants. Texas Roadhouse, Inc was founded in 1993 and is based in Louisville, Kentucky.
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