Texas Roadhouse (TXRH) Lowered to Buy at BidaskClub

Texas Roadhouse (NASDAQ:TXRH) was downgraded by BidaskClub from a “strong-buy” rating to a “buy” rating in a report released on Tuesday.

Several other research firms have also recently issued reports on TXRH. Robert W. Baird cut Texas Roadhouse from an “outperform” rating to a “neutral” rating and set a $74.00 price target on the stock. in a report on Monday, September 10th. Wedbush cut Texas Roadhouse from an “outperform” rating to a “neutral” rating and set a $67.00 price target on the stock. in a report on Monday, September 10th. They noted that the move was a valuation call. Stephens cut Texas Roadhouse from an “overweight” rating to an “equal weight” rating and decreased their price target for the company from $75.00 to $70.00 in a report on Wednesday, September 12th. They noted that the move was a valuation call. BTIG Research cut Texas Roadhouse from a “buy” rating to a “neutral” rating in a report on Thursday, September 13th. Finally, Zacks Investment Research cut Texas Roadhouse from a “hold” rating to a “sell” rating in a report on Wednesday, September 19th. Four research analysts have rated the stock with a sell rating, ten have assigned a hold rating and eight have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $65.00.

Texas Roadhouse stock opened at $66.28 on Tuesday. The stock has a market capitalization of $4.72 billion, a P/E ratio of 33.64, a PEG ratio of 2.55 and a beta of 0.79. Texas Roadhouse has a 12-month low of $49.92 and a 12-month high of $75.24.

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

In other news, Director James F. Parker sold 4,250 shares of Texas Roadhouse stock in a transaction dated Wednesday, October 31st. The stock was sold at an average price of $62.21, for a total transaction of $264,392.50. Following the transaction, the director now owns 87,810 shares in the company, valued at approximately $5,462,660.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Douglas W. Thompson sold 10,000 shares of Texas Roadhouse stock in a transaction dated Tuesday, September 25th. The shares were sold at an average price of $68.75, for a total value of $687,500.00. Following the transaction, the chief operating officer now owns 38,519 shares in the company, valued at approximately $2,648,181.25. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 15,750 shares of company stock worth $1,064,393. Company insiders own 5.89% of the company’s stock.

Several large investors have recently added to or reduced their stakes in TXRH. Great Lakes Advisors LLC acquired a new position in shares of Texas Roadhouse during the 3rd quarter worth approximately $8,149,000. Vanguard Group Inc. increased its position in shares of Texas Roadhouse by 4.9% during the 3rd quarter. Vanguard Group Inc. now owns 6,042,344 shares of the restaurant operator’s stock worth $418,675,000 after purchasing an additional 284,604 shares during the last quarter. Morgan Stanley increased its position in shares of Texas Roadhouse by 52.2% during the 3rd quarter. Morgan Stanley now owns 405,107 shares of the restaurant operator’s stock worth $28,069,000 after purchasing an additional 139,001 shares during the last quarter. Legal & General Group Plc increased its position in shares of Texas Roadhouse by 1.3% during the 3rd quarter. Legal & General Group Plc now owns 70,237 shares of the restaurant operator’s stock worth $4,866,000 after purchasing an additional 928 shares during the last quarter. Finally, Teachers Advisors LLC increased its position in shares of Texas Roadhouse by 0.5% during the 3rd quarter. Teachers Advisors LLC now owns 505,752 shares of the restaurant operator’s stock worth $35,044,000 after purchasing an additional 2,373 shares during the last quarter. Institutional investors and hedge funds own 90.11% of the company’s stock.

Texas Roadhouse Company Profile

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 February 20, 2018, it owned and operated approximately 550 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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