Texas Roadhouse (TXRH) Upgraded to Hold by Jefferies Group

Texas Roadhouse (NASDAQ:TXRH) was upgraded by equities research analysts at Jefferies Group from an “underperform” rating to a “hold” rating in a report released on Friday.

A number of other research firms also recently commented on TXRH. BidaskClub upgraded Texas Roadhouse from a “sell” rating to a “hold” rating in a research report on Friday. Robert W. Baird set a $56.00 target price on Texas Roadhouse and gave the stock a “buy” rating in a research report on Wednesday, August 30th. Telsey Advisory Group boosted their target price on Texas Roadhouse from $54.00 to $58.00 and gave the stock a “market perform” rating in a research report on Thursday. Stifel Nicolaus began coverage on Texas Roadhouse in a research report on Monday, October 2nd. They issued a “buy” rating and a $55.00 target price on the stock. Finally, 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 research report on Tuesday, October 31st. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and eight have issued a buy rating to the company’s stock. Texas Roadhouse has a consensus rating of “Hold” and a consensus price target of $51.26.

Texas Roadhouse (TXRH) opened at $55.14 on Friday. The firm has a market capitalization of $3,814.84, a PE ratio of 28.84, a PEG ratio of 2.19 and a beta of 0.52. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.69 and a quick ratio of 0.63. Texas Roadhouse has a one year low of $40.28 and a one year high of $55.44.

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

In related news, Director Kathy Widmer sold 1,300 shares of the stock in a transaction that occurred on Tuesday, December 12th. The stock was sold at an average price of $50.86, for a total value of $66,118.00. Following the transaction, the director now owns 10,450 shares of the company’s stock, valued at $531,487. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Wayne Kent Taylor sold 200,000 shares of the stock in a transaction that occurred on 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 completion of the transaction, the chief executive officer now directly owns 3,908,231 shares in the company, valued at approximately $199,671,521.79. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 204,963 shares of company stock worth $10,464,850. Insiders own 7.40% of the company’s stock.

Large investors have recently made changes to their positions in the stock. YorkBridge Wealth Partners LLC grew its stake in Texas Roadhouse by 4.2% in the second quarter. YorkBridge Wealth Partners LLC now owns 2,159 shares of the restaurant operator’s stock worth $110,000 after purchasing an additional 87 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Texas Roadhouse by 11.0% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,612 shares of the restaurant operator’s stock valued at $133,000 after acquiring an additional 258 shares in the last quarter. Advisor Group Inc. boosted its position in Texas Roadhouse by 26.8% during the 2nd quarter. Advisor Group Inc. now owns 2,808 shares of the restaurant operator’s stock valued at $143,000 after acquiring an additional 593 shares in the last quarter. Cubist Systematic Strategies LLC bought a new stake in Texas Roadhouse during the 3rd quarter valued at $193,000. Finally, M&T Bank Corp bought a new stake in Texas Roadhouse during the 2nd quarter valued at $211,000. 85.95% of the stock is currently owned by 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.

Analyst Recommendations for Texas Roadhouse (NASDAQ:TXRH)