Texas Roadhouse (TXRH) – Research Analysts’ Recent Ratings Updates

A number of research firms have changed their ratings and price targets for Texas Roadhouse (NASDAQ: TXRH):

  • 8/6/2017 – Texas Roadhouse was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.
  • 8/2/2017 – Texas Roadhouse had its “buy” rating reaffirmed by analysts at BMO Capital Markets. They now have a $58.00 price target on the stock.
  • 8/1/2017 – Texas Roadhouse had its price target raised by analysts at Barclays PLC from $53.00 to $56.00. They now have an “overweight” rating on the stock.
  • 7/31/2017 – Texas Roadhouse was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 7/28/2017 – Texas Roadhouse had its “buy” rating reaffirmed by analysts at Maxim Group. They now have a $55.00 price target on the stock. They wrote, “We maintain our Buy rating and $55 price target on Texas Roadhouse (TXRH) ahead of the company’s release of 2Q17 (June) results on Monday, July 31.””
  • 7/25/2017 – Texas Roadhouse was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Texas Roadhouse is a growing, moderately priced, full service restaurant chain. They offer an assortment of specially seasoned and aged steaks hand-cut daily in every restaurant and cooked to order over open gas-fired grills. They also offer their customers, whom they call their guests, a selection of ribs, fish, chicken and vegetable plates, an assortment of hamburgers, salads and sandwiches. “
  • 7/25/2017 – Texas Roadhouse had its “market perform” rating reaffirmed by analysts at Raymond James Financial, Inc..
  • 7/21/2017 – Texas Roadhouse was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $56.00 price target on the stock. According to Zacks, “Texas Roadhouse is a growing, moderately priced, full service restaurant chain. They offer an assortment of specially seasoned and aged steaks hand-cut daily in every restaurant and cooked to order over open gas-fired grills. They also offer their customers, whom they call their guests, a selection of ribs, fish, chicken and vegetable plates, an assortment of hamburgers, salads and sandwiches. “
  • 7/16/2017 – Texas Roadhouse was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 7/10/2017 – Texas Roadhouse had its “hold” rating reaffirmed by analysts at Deutsche Bank AG. They now have a $53.00 price target on the stock, up previously from $49.00.
  • 7/3/2017 – Texas Roadhouse had its “buy” rating reaffirmed by analysts at Longbow Research. They now have a $56.00 price target on the stock.
  • 6/29/2017 – Texas Roadhouse was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 6/22/2017 – Texas Roadhouse was upgraded by analysts at BMO Capital Markets from a “market perform” rating to an “outperform” rating. They now have a $58.00 price target on the stock, up previously from $48.00.
  • 6/17/2017 – Texas Roadhouse was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.

Texas Roadhouse, Inc. (NASDAQ:TXRH) opened at 48.64 on Thursday. The company has a market cap of $3.45 billion, a PE ratio of 29.28 and a beta of 0.54. The firm has a 50-day moving average price of $49.83 and a 200-day moving average price of $47.23. Texas Roadhouse, Inc. has a 52-week low of $37.23 and a 52-week high of $51.91.

Texas Roadhouse (NASDAQ:TXRH) last released its quarterly earnings results on Monday, July 31st. The restaurant operator reported $0.53 earnings per share for the quarter, meeting the consensus estimate of $0.53. Texas Roadhouse had a return on equity of 16.49% and a net margin of 5.63%. The firm had revenue of $566.30 million for the quarter, compared to analysts’ expectations of $563.23 million. During the same quarter last year, the firm posted $0.47 EPS. The company’s revenue was up 11.3% compared to the same quarter last year. On average, analysts forecast that Texas Roadhouse, Inc. will post $1.93 EPS for the current year.

In related news, Director Kathy Widmer sold 5,200 shares of the firm’s stock in a transaction that occurred on Wednesday, May 31st. The stock was sold at an average price of $48.97, for a total transaction of $254,644.00. Following the transaction, the director now directly owns 13,750 shares in the company, valued at approximately $673,337.50. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 7.40% of the stock is currently owned by corporate insiders.

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.

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