Texas Roadhouse, Inc. (NASDAQ:TXRH)‘s stock had its “hold” rating reiterated by stock analysts at Oppenheimer Holdings, Inc. in a research note issued on Tuesday.
Other equities analysts also recently issued reports about the stock. Raymond James Financial, Inc. reiterated a “market perform” rating on shares of Texas Roadhouse in a research note on Tuesday, July 25th. BMO Capital Markets dropped their price objective on shares of Texas Roadhouse from $58.00 to $57.00 and set an “outperform” rating on the stock in a research note on Tuesday. Maxim Group increased their price objective on shares of Texas Roadhouse from $55.00 to $60.00 and gave the company a “buy” rating in a research note on Tuesday. Zacks Investment Research upgraded shares of Texas Roadhouse from a “hold” rating to a “buy” rating and set a $56.00 price objective on the stock in a research note on Friday, July 21st. Finally, Barclays PLC increased their price objective on shares of Texas Roadhouse from $53.00 to $56.00 and gave the company an “overweight” rating in a research note on Tuesday, August 1st. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $51.05.
Texas Roadhouse (NASDAQ:TXRH) remained flat at $50.41 during trading on Tuesday. 961,262 shares of the company traded hands. The firm has a 50 day moving average price of $49.35 and a 200-day moving average price of $48.99. The firm has a market capitalization of $3.58 billion, a price-to-earnings ratio of 30.35 and a beta of 0.57. Texas Roadhouse has a one year low of $38.54 and a one year high of $53.61.
Texas Roadhouse (NASDAQ:TXRH) last released its quarterly earnings data on Monday, October 30th. The restaurant operator reported $0.43 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.43. Texas Roadhouse had a net margin of 5.63% and a return on equity of 16.49%. The firm had revenue of $540.50 million for the quarter, compared to the consensus estimate of $538.15 million. During the same period last year, the firm earned $0.36 earnings per share. The company’s quarterly revenue was up 12.2% on a year-over-year basis. Equities research analysts forecast that Texas Roadhouse will post $1.93 earnings per share for the current fiscal year.
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In other Texas Roadhouse news, Director Kathy Widmer sold 2,000 shares of the firm’s 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 completion of the transaction, the director now owns 11,750 shares of the company’s stock, valued at $563,412.50. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider S. Chris Jacobsen sold 2,500 shares of the firm’s 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 transaction, the insider now directly owns 15,184 shares of the company’s stock, valued at approximately $747,812. The disclosure for this sale can be found here. Company insiders own 6.60% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of the business. Frontier Capital Management Co. LLC raised its holdings 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 buying an additional 9,524 shares during the last quarter. Palisade Capital Management LLC NJ raised its holdings in shares of Texas Roadhouse by 1.9% during the third quarter. Palisade Capital Management LLC NJ now owns 305,501 shares of the restaurant operator’s stock worth $15,012,000 after purchasing an additional 5,659 shares during the last quarter. First Trust Advisors LP raised its holdings in shares of Texas Roadhouse by 114.4% during the third quarter. First Trust Advisors LP now owns 47,589 shares of the restaurant operator’s stock worth $2,339,000 after purchasing an additional 25,396 shares during the last quarter. Nationwide Fund Advisors raised its holdings in shares of Texas Roadhouse by 10.5% during the third quarter. Nationwide Fund Advisors now owns 618,135 shares of the restaurant operator’s stock worth $30,375,000 after purchasing an additional 58,598 shares during the last quarter. Finally, Fox Run Management L.L.C. purchased a new position in shares of Texas Roadhouse during the third quarter worth $762,000. 86.39% of the stock is owned by institutional investors and hedge funds.
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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