BidaskClub Downgrades Texas Roadhouse (TXRH) to Buy

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

A number of other brokerages have also recently commented on TXRH. Telsey Advisory Group reissued a “market perform” rating and issued a $64.00 price objective (up from $58.00) on shares of Texas Roadhouse in a research note on Thursday, February 15th. Jefferies Group reissued a “hold” rating and issued a $53.00 price objective on shares of Texas Roadhouse in a research note on Friday, February 23rd. Robert W. Baird lifted their price objective on shares of Texas Roadhouse from $66.00 to $70.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 1st. Wedbush reissued an “outperform” rating and issued a $69.00 price objective (up from $64.00) on shares of Texas Roadhouse in a research note on Tuesday, May 1st. Finally, JPMorgan Chase reissued a “neutral” rating and issued a $54.00 price objective (down from $55.00) on shares of Texas Roadhouse in a research note on Wednesday, February 21st. Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and nine have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $61.46.

Shares of Texas Roadhouse opened at $61.98 on Friday, MarketBeat.com reports. Texas Roadhouse has a 52 week low of $44.29 and a 52 week high of $64.96. The firm has a market capitalization of $4.47 billion, a price-to-earnings ratio of 31.46, a price-to-earnings-growth ratio of 2.23 and a beta of 0.56. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.85 and a quick ratio of 0.80.

Texas Roadhouse (NASDAQ:TXRH) last issued its quarterly earnings data on Monday, April 30th. The restaurant operator reported $0.76 EPS for the quarter, hitting analysts’ consensus estimates of $0.76. Texas Roadhouse had a net margin of 6.66% and a return on equity of 17.97%. The business had revenue of $627.70 million during the quarter, compared to analysts’ expectations of $626.34 million. During the same period last year, the company posted $0.61 EPS. The business’s revenue was up 10.6% on a year-over-year basis. research analysts expect that Texas Roadhouse will post 2.38 EPS for the current fiscal year.

In other Texas Roadhouse news, Director Kathy Widmer sold 8,000 shares of the business’s stock in a transaction dated Monday, March 26th. The shares were sold at an average price of $56.51, for a total value of $452,080.00. Following the completion of the sale, the director now directly owns 10,950 shares of the company’s stock, valued at approximately $618,784.50. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director James R. Zarley sold 10,900 shares of the business’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $56.82, for a total transaction of $619,338.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 29,544 shares of company stock valued at $1,694,624. 5.89% of the stock is owned by corporate insiders.

A number of institutional investors have recently added to or reduced their stakes in the business. Meadow Creek Investment Management LLC boosted its position in Texas Roadhouse by 23.8% in the 4th quarter. Meadow Creek Investment Management LLC now owns 4,576 shares of the restaurant operator’s stock valued at $241,000 after buying an additional 880 shares during the period. Oppenheimer Asset Management Inc. boosted its position in Texas Roadhouse by 4.1% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 26,232 shares of the restaurant operator’s stock valued at $1,516,000 after buying an additional 1,035 shares during the period. Scout Investments Inc. boosted its position in Texas Roadhouse by 0.5% in the 1st quarter. Scout Investments Inc. now owns 224,405 shares of the restaurant operator’s stock valued at $12,966,000 after buying an additional 1,219 shares during the period. Advisor Group Inc. boosted its position in Texas Roadhouse by 26.1% in the 4th quarter. Advisor Group Inc. now owns 5,912 shares of the restaurant operator’s stock valued at $312,000 after buying an additional 1,222 shares during the period. Finally, Eagle Asset Management Inc. boosted its position in Texas Roadhouse by 1.0% in the 4th quarter. Eagle Asset Management Inc. now owns 123,601 shares of the restaurant operator’s stock valued at $6,602,000 after buying an additional 1,255 shares during the period. 87.45% of the stock is owned by institutional investors.

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 February 20, 2018, it owned and operated approximately 550 restaurants. Texas Roadhouse, Inc was founded in 1993 and is based in Louisville, Kentucky.

Analyst Recommendations for Texas Roadhouse (NASDAQ:TXRH)

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