Texas Roadhouse, Inc. (TXRH) Given Consensus Rating of “Hold” by Brokerages
Texas Roadhouse, Inc. (NASDAQ:TXRH) has been given an average rating of “Hold” by the twenty-two analysts that are covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a sell recommendation, ten have issued a hold recommendation and eight have issued a buy recommendation on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $50.78.
Several research firms recently commented on TXRH. Oppenheimer Holdings, Inc. reiterated a “hold” rating on shares of Texas Roadhouse in a research note on Tuesday, October 31st. BMO Capital Markets reduced 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. Barclays PLC boosted their price objective on shares of Texas Roadhouse from $53.00 to $56.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 1st. Robert W. Baird set a $56.00 price objective on shares of Texas Roadhouse and gave the stock a “buy” rating in a research note on Wednesday, August 30th. Finally, BidaskClub upgraded shares of Texas Roadhouse from a “strong sell” rating to a “sell” rating in a research note on Monday, August 14th.
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Texas Roadhouse (TXRH) traded down $0.52 during midday trading on Friday, hitting $48.62. 992,182 shares of the company traded hands, compared to its average volume of 638,036. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.64 and a current ratio of 0.69. The stock has a market cap of $3,453.53, a P/E ratio of 26.14, a price-to-earnings-growth ratio of 1.99 and a beta of 0.53.
Texas Roadhouse (NASDAQ:TXRH) last posted its quarterly earnings data on Monday, October 30th. The restaurant operator reported $0.43 EPS for the quarter, hitting the consensus estimate 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 net margin of 5.73% and a return on equity of 16.71%. Texas Roadhouse’s revenue was up 12.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.36 EPS. analysts expect that Texas Roadhouse will post 1.93 EPS for the current fiscal year.
In other news, Director Kathy Widmer sold 2,000 shares of the stock in a transaction on Thursday, September 21st. The shares were sold at an average price of $47.95, for a total value of $95,900.00. Following the sale, the director now owns 11,750 shares in the company, valued at $563,412.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider S. Chris Jacobsen sold 2,500 shares of the stock in a transaction on Friday, August 11th. The stock was sold at an average price of $49.25, for a total transaction of $123,125.00. Following the completion of the sale, the insider now owns 15,184 shares in the company, valued at approximately $747,812. The disclosure for this sale can be found here. Corporate insiders own 7.40% of the company’s stock.
Several large investors have recently added to or reduced their stakes in the company. Scout Investments Inc. increased its stake in shares of Texas Roadhouse by 2.8% in the third quarter. Scout Investments Inc. now owns 210,595 shares of the restaurant operator’s stock worth $10,349,000 after acquiring an additional 5,734 shares during the period. Principal Financial Group Inc. increased its stake in shares of Texas Roadhouse by 1.4% in the third quarter. Principal Financial Group Inc. now owns 281,130 shares of the restaurant operator’s stock worth $13,815,000 after acquiring an additional 3,846 shares during the period. Shaker Investments LLC OH acquired a new stake in shares of Texas Roadhouse in the third quarter worth $221,000. Frontier Capital Management Co. LLC increased its stake in shares of Texas Roadhouse by 1.3% in the third quarter. Frontier Capital Management Co. LLC now owns 738,521 shares of the restaurant operator’s stock worth $36,291,000 after acquiring an additional 9,524 shares during the period. Finally, Palisade Capital Management LLC NJ increased its stake in shares of Texas Roadhouse by 1.9% in the third quarter. Palisade Capital Management LLC NJ now owns 305,501 shares of the restaurant operator’s stock worth $15,012,000 after acquiring an additional 5,659 shares during the period. Hedge funds and other institutional investors own 86.39% of the company’s stock.
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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