Texas Roadhouse (NASDAQ:TXRH) was upgraded by equities research analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a report released on Thursday.

TXRH has been the topic of several other reports. BTIG Research downgraded shares of Texas Roadhouse from a “buy” rating to a “neutral” rating in a research report on Thursday, September 13th. Maxim Group lifted their target price on shares of Texas Roadhouse from $67.00 to $72.00 and gave the stock a “hold” rating in a research report on Thursday, October 25th. Stifel Nicolaus lifted their target price on shares of Texas Roadhouse from $72.00 to $75.00 and gave the stock a “buy” rating in a research report on Wednesday, September 26th. Royal Bank of Canada dropped their target price on shares of Texas Roadhouse to $66.00 and set an “outperform” rating on the stock in a research report on Tuesday, October 30th. Finally, Wedbush dropped their target price on shares of Texas Roadhouse from $67.00 to $62.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 30th. Four analysts have rated the stock with a sell rating, ten have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $65.35.

Shares of TXRH opened at $66.98 on Thursday. The company has a market capitalization of $4.51 billion, a PE ratio of 34.00, a price-to-earnings-growth ratio of 2.11 and a beta of 0.85. Texas Roadhouse has a 12-month low of $53.05 and a 12-month high of $75.24.

Texas Roadhouse (NASDAQ:TXRH) last announced its quarterly earnings data on Monday, October 29th. The restaurant operator reported $0.40 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.54 by ($0.14). The business had revenue of $594.60 million during the quarter, compared to analyst estimates of $594.16 million. Texas Roadhouse had a return on equity of 17.39% and a net margin of 6.53%. The business’s revenue for the quarter was up 10.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.43 EPS. Research analysts expect that Texas Roadhouse will post 2.19 earnings per share for the current fiscal year.

In related news, Director James F. Parker sold 4,250 shares of the firm’s stock in a transaction that occurred on Wednesday, October 31st. The shares were sold at an average price of $62.21, for a total transaction of $264,392.50. Following the completion of the sale, the director now directly owns 87,810 shares in the company, valued at $5,462,660.10. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, President Scott Matthew Colosi sold 6,741 shares of the firm’s stock in a transaction that occurred on Wednesday, January 9th. The stock was sold at an average price of $63.22, for a total transaction of $426,166.02. Following the sale, the president now owns 68,202 shares of the company’s stock, valued at $4,311,730.44. The disclosure for this sale can be found here. Company insiders own 5.89% of the company’s stock.

Hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its stake in Texas Roadhouse by 4.9% in the third quarter. Vanguard Group Inc. now owns 6,042,344 shares of the restaurant operator’s stock valued at $418,675,000 after acquiring an additional 284,604 shares during the last quarter. Vanguard Group Inc lifted its stake in Texas Roadhouse by 4.9% in the third quarter. Vanguard Group Inc now owns 6,042,344 shares of the restaurant operator’s stock valued at $418,675,000 after acquiring an additional 284,604 shares during the last quarter. FMR LLC lifted its stake in Texas Roadhouse by 44.9% in the second quarter. FMR LLC now owns 2,170,345 shares of the restaurant operator’s stock valued at $142,179,000 after acquiring an additional 672,768 shares during the last quarter. Northern Trust Corp lifted its stake in Texas Roadhouse by 1.8% in the second quarter. Northern Trust Corp now owns 1,285,587 shares of the restaurant operator’s stock valued at $84,219,000 after acquiring an additional 23,198 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in Texas Roadhouse by 12.8% in the third quarter. JPMorgan Chase & Co. now owns 1,111,471 shares of the restaurant operator’s stock valued at $77,014,000 after acquiring an additional 126,398 shares during the last quarter. Institutional investors and hedge funds own 90.24% of the company’s stock.

About Texas Roadhouse

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 October 29, 2018, it owned and operated approximately 575 restaurants. Texas Roadhouse, Inc was founded in 1993 and is based in Louisville, Kentucky.

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Analyst Recommendations for Texas Roadhouse (NASDAQ:TXRH)

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