Texas Roadhouse, Inc. (NASDAQ:TXRH) Stock Rating Lowered by BidaskClub
BidaskClub lowered shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) from a sell rating to a strong sell rating in a report released on Sunday morning.
A number of other research analysts also recently weighed in on the stock. BMO Capital Markets restated a buy rating and set a $58.00 price target on shares of Texas Roadhouse in a report on Wednesday, August 2nd. Barclays PLC lifted their target price on shares of Texas Roadhouse from $53.00 to $56.00 and gave the stock an overweight rating in a report on Tuesday, August 1st. Maxim Group reiterated a buy rating and issued a $55.00 target price on shares of Texas Roadhouse in a report on Friday, July 28th. Raymond James Financial, Inc. reiterated a market perform rating on shares of Texas Roadhouse in a report on Tuesday, July 25th. Finally, Zacks Investment Research downgraded shares of Texas Roadhouse from a buy rating to a hold rating in a report on Tuesday, July 25th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have assigned a buy rating to the company. Texas Roadhouse presently has an average rating of Hold and an average price target of $50.11.
Shares of Texas Roadhouse (NASDAQ TXRH) opened at 48.79 on Friday. The firm has a market capitalization of $3.46 billion, a P/E ratio of 29.37 and a beta of 0.54. The stock’s 50 day moving average price is $49.86 and its 200-day moving average price is $47.17. Texas Roadhouse has a 12-month low of $37.23 and a 12-month high of $51.91.
Texas Roadhouse (NASDAQ:TXRH) last issued its earnings results on Monday, July 31st. The restaurant operator reported $0.53 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.53. The company had revenue of $566.30 million during the quarter, compared to analyst estimates of $563.23 million. Texas Roadhouse had a net margin of 5.63% and a return on equity of 16.49%. The company’s revenue for the quarter was up 11.3% on a year-over-year basis. During the same quarter last year, the business posted $0.47 EPS. On average, equities analysts expect that Texas Roadhouse will post $1.93 EPS for the current year.
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In other Texas Roadhouse news, Director Kathy Widmer sold 5,200 shares of the company’s stock in a transaction that occurred on Wednesday, May 31st. The shares were sold at an average price of $48.97, for a total value of $254,644.00. Following the completion of the sale, the director now owns 13,750 shares of the company’s stock, valued at $673,337.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 6.60% of the stock is currently owned by corporate insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. YorkBridge Wealth Partners LLC boosted its position in Texas Roadhouse by 22.1% in the first quarter. YorkBridge Wealth Partners LLC now owns 2,072 shares of the restaurant operator’s stock valued at $106,000 after buying an additional 375 shares during the period. Creative Planning boosted its position in shares of Texas Roadhouse by 11.2% in the second quarter. Creative Planning now owns 2,223 shares of the restaurant operator’s stock valued at $113,000 after buying an additional 224 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Texas Roadhouse by 11.0% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,612 shares of the restaurant operator’s stock valued at $133,000 after buying an additional 258 shares during the last quarter. Public Employees Retirement System of Ohio boosted its position in shares of Texas Roadhouse by 4.3% in the first quarter. Public Employees Retirement System of Ohio now owns 3,393 shares of the restaurant operator’s stock valued at $151,000 after buying an additional 141 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its position in shares of Texas Roadhouse by 227.8% in the first quarter. Victory Capital Management Inc. now owns 4,170 shares of the restaurant operator’s stock valued at $186,000 after buying an additional 2,898 shares during the last quarter. Institutional investors own 88.87% of the company’s stock.
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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