Stifel Nicolaus Downgrades Texas Roadhouse (TXRH) to Hold

Texas Roadhouse (NASDAQ:TXRH) was downgraded by analysts at Stifel Nicolaus from a “buy” rating to a “hold” rating in a note issued to investors on Tuesday, The Fly reports.

TXRH has been the subject of several other research reports. BidaskClub upgraded Texas Roadhouse from a “buy” rating to a “strong-buy” rating in a report on Thursday, January 10th. Loop Capital initiated coverage on Texas Roadhouse in a report on Wednesday, October 24th. They set a “hold” rating and a $73.00 price objective for the company. Wedbush decreased their price objective on Texas Roadhouse from $67.00 to $62.00 and set a “neutral” rating for the company in a report on Tuesday, October 30th. Gordon Haskett initiated coverage on Texas Roadhouse in a report on Thursday, October 18th. They set an “underperform” rating and a $60.00 price objective for the company. Finally, Zacks Investment Research downgraded Texas Roadhouse from a “hold” rating to a “strong sell” rating in a report on Friday, November 2nd. Four equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $65.26.

Shares of NASDAQ TXRH traded down $1.00 during midday trading on Tuesday, hitting $66.00. 583,129 shares of the stock traded hands, compared to its average volume of 766,471. The company has a market cap of $4.79 billion, a price-to-earnings ratio of 33.50, a P/E/G ratio of 2.24 and a beta of 0.85. Texas Roadhouse has a one year low of $53.05 and a one year high of $75.24.

Texas Roadhouse (NASDAQ:TXRH) last released its quarterly earnings data on Monday, October 29th. The restaurant operator reported $0.40 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.54 by ($0.14). The firm had revenue of $594.60 million for 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%. The company’s revenue was up 10.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.43 EPS. On average, equities analysts expect that Texas Roadhouse will post 2.19 EPS for the current year.

In related news, Director James F. Parker sold 4,250 shares of the company’s stock in a transaction on Wednesday, October 31st. The stock was 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 owns 87,810 shares in the company, valued at $5,462,660.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, President Scott Matthew Colosi sold 6,741 shares of the company’s stock in a transaction on Wednesday, January 9th. The stock was sold at an average price of $63.22, for a total value of $426,166.02. Following the sale, the president now owns 68,202 shares of the company’s stock, valued at approximately $4,311,730.44. The disclosure for this sale can be found here. Corporate insiders own 5.89% of the company’s stock.

A number of institutional investors have recently made changes to their positions in TXRH. FMR LLC boosted its position in Texas Roadhouse by 44.9% in the second quarter. FMR LLC now owns 2,170,345 shares of the restaurant operator’s stock worth $142,179,000 after purchasing an additional 672,768 shares during the last quarter. GW&K Investment Management LLC boosted its position in Texas Roadhouse by 43.0% in the third quarter. GW&K Investment Management LLC now owns 1,001,594 shares of the restaurant operator’s stock worth $69,400,000 after purchasing an additional 301,378 shares during the last quarter. Vanguard Group Inc boosted its position 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 worth $418,675,000 after purchasing an additional 284,604 shares during the last quarter. Vanguard Group Inc. boosted its position 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 worth $418,675,000 after purchasing an additional 284,604 shares during the last quarter. Finally, Schroder Investment Management Group boosted its position in Texas Roadhouse by 435.7% in the third quarter. Schroder Investment Management Group now owns 174,100 shares of the restaurant operator’s stock worth $12,064,000 after purchasing an additional 141,600 shares during the last quarter. Institutional investors and hedge funds own 90.14% 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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