Texas Roadhouse (TXRH) Rating Reiterated by Telsey Advisory Group

Texas Roadhouse (NASDAQ:TXRH)‘s stock had its “market perform” rating restated by research analysts at Telsey Advisory Group in a note issued to investors on Thursday, MarketBeat Ratings reports. They currently have a $64.00 price objective on the restaurant operator’s stock, up from their prior price objective of $58.00. Telsey Advisory Group’s price objective would indicate a potential upside of 11.21% from the company’s previous close.

A number of other analysts also recently issued reports on the company. Zacks Investment Research downgraded Texas Roadhouse from a “hold” rating to a “sell” rating in a research report on Saturday, January 6th. Maxim Group raised their target price on Texas Roadhouse from $55.00 to $60.00 and gave the stock a “buy” rating in a research report on Tuesday, October 31st. Barclays decreased their target price on Texas Roadhouse from $56.00 to $55.00 and set an “overweight” rating for the company in a research report on Wednesday, October 18th. Canaccord Genuity reissued a “hold” rating and issued a $51.00 target price on shares of Texas Roadhouse in a research report on Sunday, October 22nd. Finally, Jefferies Group raised Texas Roadhouse from an “underperform” rating to a “hold” rating and raised their target price for the stock from $41.00 to $50.00 in a research report on Saturday, December 30th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and ten have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $56.00.

Shares of Texas Roadhouse (TXRH) traded up $1.07 on Thursday, hitting $57.55. The company had a trading volume of 675,000 shares, compared to its average volume of 680,791. The company has a quick ratio of 0.63, a current ratio of 0.69 and a debt-to-equity ratio of 0.06. The stock has a market capitalization of $4,016.07, a P/E ratio of 30.37, a price-to-earnings-growth ratio of 1.93 and a beta of 0.59. Texas Roadhouse has a one year low of $40.28 and a one year high of $60.43.

In other news, insider S. Chris Jacobsen sold 1,500 shares of the firm’s stock in a transaction on Monday, January 29th. The stock was sold at an average price of $60.00, for a total value of $90,000.00. Following the completion of the transaction, the insider now directly owns 16,899 shares of the company’s stock, valued at $1,013,940. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Scott Matthew Colosi sold 22,403 shares of the firm’s stock in a transaction on Tuesday, January 9th. The stock was sold at an average price of $56.43, for a total value of $1,264,201.29. Following the completion of the transaction, the chief financial officer now directly owns 96,971 shares of the company’s stock, valued at $5,472,073.53. The disclosure for this sale can be found here. Insiders sold 236,174 shares of company stock valued at $12,261,138 over the last ninety days. Corporate insiders own 7.40% of the company’s stock.

Large investors have recently bought and sold shares of the stock. Cerebellum GP LLC bought a new stake in Texas Roadhouse during the fourth quarter valued at $122,000. Advisor Group Inc. boosted its stake in Texas Roadhouse by 26.8% during the second quarter. Advisor Group Inc. now owns 2,808 shares of the restaurant operator’s stock valued at $143,000 after buying an additional 593 shares during the period. Cubist Systematic Strategies LLC bought a new stake in Texas Roadhouse during the third quarter valued at $193,000. Claraphi Advisory Network LLC bought a new stake in Texas Roadhouse during the fourth quarter valued at $202,000. Finally, MML Investors Services LLC bought a new stake in Texas Roadhouse during the fourth quarter valued at $206,000. 85.14% of the stock is owned by institutional investors.

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About Texas Roadhouse

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.

Analyst Recommendations for Texas Roadhouse (NASDAQ:TXRH)

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