Texas Roadhouse, Inc. (TXRH) Price Target Lowered to $57.00 at BMO Capital Markets

Texas Roadhouse, Inc. (NASDAQ:TXRH) had its target price cut by BMO Capital Markets from $58.00 to $57.00 in a research note published on Tuesday morning. They currently have an outperform rating on the restaurant operator’s stock.

A number of other research analysts have also recently commented on the company. Maxim Group raised their target price on Texas Roadhouse from $55.00 to $60.00 and gave the company a buy rating in a research note on Tuesday. Canaccord Genuity restated a hold rating and issued a $51.00 target price on shares of Texas Roadhouse in a research note on Sunday, October 22nd. Robert W. Baird restated a buy rating and issued a $56.00 target price on shares of Texas Roadhouse in a research note on Friday, October 20th. Barclays PLC lowered their target price on Texas Roadhouse from $56.00 to $55.00 and set an overweight rating for the company in a research note on Wednesday, October 18th. Finally, Zacks Investment Research cut Texas Roadhouse from a hold rating to a sell rating in a research note on Tuesday, October 17th. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have given a buy rating to the stock. The company presently has a consensus rating of Hold and a consensus price target of $51.05.

Texas Roadhouse (NASDAQ:TXRH) traded down 0.54% during midday trading on Tuesday, hitting $49.74. The stock had a trading volume of 945,737 shares. Texas Roadhouse has a 12 month low of $38.54 and a 12 month high of $53.61. The company has a market cap of $3.53 billion, a P/E ratio of 29.95 and a beta of 0.57. The firm’s 50-day moving average price is $49.43 and its 200 day moving average price is $48.99.

Texas Roadhouse (NASDAQ:TXRH) last released its earnings results on Monday, October 30th. The restaurant operator reported $0.43 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.43. The company had revenue of $540.50 million during the quarter, compared to analysts’ expectations of $538.15 million. Texas Roadhouse had a return on equity of 16.96% and a net margin of 5.73%. The firm’s revenue for the quarter was up 12.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.36 EPS. On average, analysts expect that Texas Roadhouse will post $1.93 earnings per share for the current fiscal year.

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In related news, insider S. Chris Jacobsen sold 2,500 shares of Texas Roadhouse stock in a transaction on Friday, August 11th. The stock was sold at an average price of $49.25, for a total transaction of $123,125.00. Following the transaction, the insider now directly owns 15,184 shares in the company, valued at $747,812. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Kathy Widmer sold 2,000 shares of Texas Roadhouse stock in a transaction 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 transaction, the director now owns 11,750 shares in the company, valued at $563,412.50. The disclosure for this sale can be found here. 6.60% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TXRH. UBS Asset Management Americas Inc. lifted its position in Texas Roadhouse by 21.1% during the first quarter. UBS Asset Management Americas Inc. now owns 35,635 shares of the restaurant operator’s stock valued at $1,587,000 after purchasing an additional 6,200 shares in the last quarter. Teachers Advisors LLC lifted its position in Texas Roadhouse by 7.6% during the first quarter. Teachers Advisors LLC now owns 114,017 shares of the restaurant operator’s stock valued at $5,077,000 after purchasing an additional 8,037 shares in the last quarter. Legal & General Group Plc lifted its position in Texas Roadhouse by 24.8% during the first quarter. Legal & General Group Plc now owns 40,349 shares of the restaurant operator’s stock valued at $1,794,000 after purchasing an additional 8,015 shares in the last quarter. Thrivent Financial For Lutherans lifted its position in Texas Roadhouse by 10.5% during the first quarter. Thrivent Financial For Lutherans now owns 12,130 shares of the restaurant operator’s stock valued at $540,000 after purchasing an additional 1,150 shares in the last quarter. Finally, Vanguard Group Inc. lifted its position in Texas Roadhouse by 4.5% during the first quarter. Vanguard Group Inc. now owns 5,103,625 shares of the restaurant operator’s stock valued at $227,264,000 after purchasing an additional 218,000 shares in the last quarter. Institutional investors own 86.39% of the company’s stock.

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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