Barclays PLC Lowers Texas Roadhouse, Inc. (TXRH) Price Target to $55.00

Texas Roadhouse, Inc. (NASDAQ:TXRH) had its price objective reduced by equities researchers at Barclays PLC from $56.00 to $55.00 in a research note issued to investors on Wednesday. The firm currently has an “overweight” rating on the restaurant operator’s stock. Barclays PLC’s price objective would suggest a potential upside of 8.91% from the stock’s current price.

Other research analysts have also issued reports about the stock. Raymond James Financial, Inc. reiterated a “market perform” rating on shares of Texas Roadhouse in a report on Tuesday, July 25th. 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 report on Friday, July 21st. BMO Capital Markets reiterated a “buy” rating and set a $58.00 price objective on shares of Texas Roadhouse in a report on Wednesday, August 2nd. Robert W. Baird reiterated a “buy” rating and set a $56.00 price objective on shares of Texas Roadhouse in a report on Tuesday, September 19th. Finally, BidaskClub upgraded shares of Texas Roadhouse from a “strong sell” rating to a “sell” rating in a report on Monday, August 14th. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and eight have assigned a buy rating to the stock. Texas Roadhouse has an average rating of “Hold” and an average price target of $50.74.

Shares of Texas Roadhouse (NASDAQ TXRH) opened at 50.50 on Wednesday. The firm’s 50 day moving average is $48.63 and its 200-day moving average is $48.63. The firm has a market capitalization of $3.59 billion, a PE ratio of 30.40 and a beta of 0.57. Texas Roadhouse has a 12 month low of $38.54 and a 12 month high of $51.91.

Texas Roadhouse (NASDAQ:TXRH) last announced its quarterly earnings data on Monday, July 31st. The restaurant operator reported $0.53 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.53. The business had revenue of $566.30 million for the quarter, compared to analyst estimates of $563.23 million. Texas Roadhouse had a net margin of 5.63% and a return on equity of 16.49%. The company’s revenue was up 11.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.47 EPS. On average, analysts expect that Texas Roadhouse will post $1.93 EPS for the current fiscal year.

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In other Texas Roadhouse news, Director Kathy Widmer sold 2,000 shares of the stock in a transaction that occurred 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 sale, the director now owns 11,750 shares of the company’s stock, valued at $563,412.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider S. Chris Jacobsen sold 2,500 shares of the stock in a transaction that occurred on Friday, August 11th. The shares were sold at an average price of $49.25, for a total transaction of $123,125.00. Following the completion of the sale, 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. 7.40% of the stock is currently owned by corporate insiders.

A number of large investors have recently modified their holdings of the business. Lord Abbett & CO. LLC acquired a new stake in Texas Roadhouse in the second quarter valued at approximately $37,869,000. Public Employees Retirement System of Ohio grew its position in Texas Roadhouse by 1,965.7% in the second quarter. Public Employees Retirement System of Ohio now owns 70,090 shares of the restaurant operator’s stock valued at $3,571,000 after acquiring an additional 66,697 shares in the last quarter. 1st Global Advisors Inc. grew its position in Texas Roadhouse by 22.3% in the second quarter. 1st Global Advisors Inc. now owns 8,101 shares of the restaurant operator’s stock valued at $413,000 after acquiring an additional 1,476 shares in the last quarter. Nomura Holdings Inc. acquired a new stake in Texas Roadhouse in the second quarter valued at approximately $222,000. Finally, The Manufacturers Life In

Other research analysts have also issued reports about the stock. Raymond James Financial, Inc. reiterated a “market perform” rating on shares of Texas Roadhouse in a report on Tuesday, July 25th. 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 report on Friday, July 21st. BMO Capital Markets reiterated a “buy” rating and set a $58.00 price objective on shares of Texas Roadhouse in a report on Wednesday, August 2nd. Robert W. Baird reiterated a “buy” rating and set a $56.00 price objective on shares of Texas Roadhouse in a report on Tuesday, September 19th. Finally, BidaskClub upgraded shares of Texas Roadhouse from a “strong sell” rating to a “sell” rating in a report on Monday, August 14th. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and eight have assigned a buy rating to the stock. Texas Roadhouse has an average rating of “Hold” and an average price target of $50.74.

Shares of Texas Roadhouse (NASDAQ TXRH) opened at 50.50 on Wednesday. The firm’s 50 day moving average is $48.63 and its 200-day moving average is $48.63. The firm has a market capitalization of $3.59 billion, a PE ratio of 30.40 and a beta of 0.57. Texas Roadhouse has a 12 month low of $38.54 and a 12 month high of $51.91.

Texas Roadhouse (NASDAQ:TXRH) last announced its quarterly earnings data on Monday, July 31st. The restaurant operator reported $0.53 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.53. The business had revenue of $566.30 million for the quarter, compared to analyst estimates of $563.23 million. Texas Roadhouse had a net margin of 5.63% and a return on equity of 16.49%. The company’s revenue was up 11.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.47 EPS. On average, analysts expect that Texas Roadhouse will post $1.93 EPS for the current fiscal year.

WARNING: This article was posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this article on another site, it was illegally copied and reposted in violation of US and international copyright legislation. The correct version of this article can be read at https://ledgergazette.com/2017/10/20/barclays-plc-lowers-texas-roadhouse-inc-txrh-price-target-to-55-00.html.

In other Texas Roadhouse news, Director Kathy Widmer sold 2,000 shares of the stock in a transaction that occurred 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 sale, the director now owns 11,750 shares of the company’s stock, valued at $563,412.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider S. Chris Jacobsen sold 2,500 shares of the stock in a transaction that occurred on Friday, August 11th. The shares were sold at an average price of $49.25, for a total transaction of $123,125.00. Following the completion of the sale, 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. 7.40% of the stock is currently owned by corporate insiders.

A number of large investors have recently modified their holdings of the business. Lord Abbett & CO. LLC acquired a new stake in Texas Roadhouse in the second quarter valued at approximately $37,869,000. Public Employees Retirement System of Ohio grew its position in Texas Roadhouse by 1,965.7% in the second quarter. Public Employees Retirement System of Ohio now owns 70,090 shares of the restaurant operator’s stock valued at $3,571,000 after acquiring an additional 66,697 shares in the last quarter. 1st Global Advisors Inc. grew its position in Texas Roadhouse by 22.3% in the second quarter. 1st Global Advisors Inc. now owns 8,101 shares of the restaurant operator’s stock valued at $413,000 after acquiring an additional 1,476 shares in the last quarter. Nomura Holdings Inc. acquired a new stake in Texas Roadhouse in the second quarter valued at approximately $222,000. Finally, The Manufacturers Life Insurance Company grew its position in Texas Roadhouse by 1.8% in the second quarter. The Manufacturers Life Insurance Company now owns 144,517 shares of the restaurant operator’s stock valued at $7,363,000 after acquiring an additional 2,531 shares in the last quarter. 85.97% of the stock is owned by institutional investors.

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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