Texas Roadhouse (NASDAQ:TXRH) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Wednesday, March 7th.
According to Zacks, “Texas Roadhouse, Inc. is a full-service, casual dining restaurant chain, which offers assorted seasoned and aged steaks hand-cut daily on the premises and cooked to order over open gas-fired grills. It operates restaurants under the Texas Roadhouse and Aspen Creek names. The firm also offers its guests a selection of ribs, fish, seafood, chicken, pork chops, pulled pork and vegetable plates, an assortment of hamburgers, salads and sandwiches. It also provides supervisory and administrative services for other license and franchise restaurants. “
A number of other brokerages have also recently commented on TXRH. Barclays upped their target price on shares of Texas Roadhouse from $62.00 to $63.00 and gave the company an “overweight” rating in a report on Wednesday, January 24th. Maxim Group reaffirmed a “buy” rating and issued a $65.00 target price (up from $60.00) on shares of Texas Roadhouse in a report on Wednesday, January 24th. BTIG Research boosted their price target on shares of Texas Roadhouse to $67.00 and gave the stock a “reduce” rating in a research note on Tuesday, January 16th. Credit Suisse Group upgraded shares of Texas Roadhouse from a “neutral” rating to an “outperform” rating and set a $65.00 price target on the stock in a research note on Tuesday, January 23rd. Finally, Telsey Advisory Group reiterated a “market perform” rating and set a $64.00 price target (up from $58.00) on shares of Texas Roadhouse in a research note on Thursday, February 15th. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and nine have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $58.45.
Shares of Texas Roadhouse (NASDAQ:TXRH) traded down $0.54 on Wednesday, reaching $57.95. 254,556 shares of the company were exchanged, compared to its average volume of 782,105. Texas Roadhouse has a 52-week low of $42.42 and a 52-week high of $60.43. The company has a current ratio of 0.78, a quick ratio of 0.73 and a debt-to-equity ratio of 0.06. The stock has a market capitalization of $4,176.41, a PE ratio of 31.64, a PEG ratio of 1.96 and a beta of 0.64.
Texas Roadhouse (NASDAQ:TXRH) last announced its earnings results on Tuesday, February 20th. The restaurant operator reported $0.40 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.03. Texas Roadhouse had a net margin of 5.93% and a return on equity of 17.20%. The business had revenue of $545.10 million during the quarter, compared to analysts’ expectations of $545.24 million. During the same period in the prior year, the company earned $0.29 earnings per share. The business’s revenue was up 12.5% compared to the same quarter last year. analysts anticipate that Texas Roadhouse will post 2.35 earnings per share for the current fiscal year.
In related news, General Counsel Celia Catlett sold 6,337 shares of the company’s stock in a transaction that occurred on Monday, January 8th. The shares were sold at an average price of $56.11, for a total transaction of $355,569.07. Following the transaction, the general counsel now owns 26,337 shares of the company’s stock, valued at $1,477,769.07. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Scott Matthew Colosi sold 22,403 shares of the company’s stock in a transaction that occurred on Tuesday, January 9th. The shares were sold at an average price of $56.43, for a total transaction of $1,264,201.29. Following the transaction, the chief financial officer now directly owns 96,971 shares in the company, valued at approximately $5,472,073.53. The disclosure for this sale can be found here. Insiders have sold 56,418 shares of company stock worth $3,219,565 in the last three months. Insiders own 7.40% of the company’s stock.
A number of large investors have recently bought and sold shares of TXRH. Nationwide Fund Advisors raised its stake in Texas Roadhouse by 10.5% during the third quarter. Nationwide Fund Advisors now owns 618,135 shares of the restaurant operator’s stock worth $30,375,000 after purchasing an additional 58,598 shares during the period. First Trust Advisors LP raised its stake in Texas Roadhouse by 114.4% during the third quarter. First Trust Advisors LP now owns 47,589 shares of the restaurant operator’s stock worth $2,339,000 after purchasing an additional 25,396 shares during the period. Principal Financial Group Inc. raised its stake in Texas Roadhouse by 1.4% during the third quarter. Principal Financial Group Inc. now owns 281,130 shares of the restaurant operator’s stock worth $13,815,000 after purchasing an additional 3,846 shares during the period. Scout Investments Inc. raised its stake in Texas Roadhouse by 2.8% during the third quarter. Scout Investments Inc. now owns 210,595 shares of the restaurant operator’s stock worth $10,349,000 after purchasing an additional 5,734 shares during the period. Finally, Sei Investments Co. raised its stake in Texas Roadhouse by 13.4% during the third quarter. Sei Investments Co. now owns 140,271 shares of the restaurant operator’s stock worth $6,892,000 after purchasing an additional 16,620 shares during the period. 87.72% of the stock is currently owned by institutional investors.
COPYRIGHT VIOLATION NOTICE: “Zacks Investment Research Lowers Texas Roadhouse (NASDAQ:TXRH) to Hold” was published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this piece of content on another site, it was illegally stolen and reposted in violation of U.S. and international copyright and trademark law. The legal version of this piece of content can be viewed at https://ledgergazette.com/2018/03/15/texas-roadhouse-txrh-downgraded-to-hold-at-zacks-investment-research.html.
Texas Roadhouse Company Profile
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Texas Roadhouse Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Texas Roadhouse and related companies with MarketBeat.com's FREE daily email newsletter.