Texas Roadhouse Inc (TXRH) Receives $64.35 Average PT from Analysts

Shares of Texas Roadhouse Inc (NASDAQ:TXRH) have been given a consensus rating of “Hold” by the twenty-two brokerages that are currently covering the firm, MarketBeat reports. Four analysts have rated the stock with a sell rating, ten have issued a hold rating, seven have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $64.35.

Several brokerages recently commented on TXRH. BidaskClub downgraded shares of Texas Roadhouse from a “buy” rating to a “hold” rating in a report on Monday, September 24th. Wedbush downgraded shares of Texas Roadhouse from an “outperform” rating to a “neutral” rating and set a $67.00 price objective for the company. in a report on Monday, September 10th. They noted that the move was a valuation call. BTIG Research downgraded shares of Texas Roadhouse from a “buy” rating to a “neutral” rating in a report on Thursday, September 13th. Robert W. Baird downgraded shares of Texas Roadhouse from an “outperform” rating to a “neutral” rating and set a $74.00 price objective for the company. in a report on Monday, September 10th. Finally, Maxim Group boosted their price objective on shares of Texas Roadhouse from $67.00 to $72.00 and gave the company a “hold” rating in a report on Thursday, October 25th.

Shares of TXRH stock opened at $63.15 on Friday. The stock has a market cap of $4.52 billion, a P/E ratio of 32.06, a P/E/G ratio of 2.44 and a beta of 0.77. Texas Roadhouse has a 52 week low of $47.86 and a 52 week high of $75.24.

Texas Roadhouse (NASDAQ:TXRH) last announced its earnings results on Monday, October 29th. The restaurant operator reported $0.40 EPS for the quarter, missing the consensus estimate of $0.54 by ($0.14). The company had revenue of $594.60 million for the quarter, compared to the consensus estimate of $594.16 million. Texas Roadhouse had a return on equity of 17.39% and a net margin of 6.53%. The business’s quarterly revenue was up 10.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.43 EPS. On average, analysts forecast that Texas Roadhouse will post 2.19 earnings per share for the current fiscal year.

In other news, Director James F. Parker sold 4,250 shares of the company’s stock in a transaction that occurred on Wednesday, October 31st. The shares were sold at an average price of $62.21, for a total transaction of $264,392.50. Following the completion of the sale, the director now owns 87,810 shares of the company’s stock, valued at approximately $5,462,660.10. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, COO Douglas W. Thompson sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 25th. The stock was sold at an average price of $68.75, for a total transaction of $687,500.00. Following the sale, the chief operating officer now directly owns 38,519 shares of the company’s stock, valued at approximately $2,648,181.25. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 18,273 shares of company stock valued at $1,238,107. 5.89% of the stock is currently owned by insiders.

Several institutional investors have recently modified their holdings of TXRH. Capital Impact Advisors LLC increased its position in Texas Roadhouse by 4.6% during the 3rd quarter. Capital Impact Advisors LLC now owns 36,129 shares of the restaurant operator’s stock worth $2,500,000 after purchasing an additional 1,605 shares in the last quarter. Boston Advisors LLC acquired a new position in Texas Roadhouse during the 2nd quarter worth approximately $1,711,000. Carillon Tower Advisers Inc. increased its position in Texas Roadhouse by 31.1% during the 2nd quarter. Carillon Tower Advisers Inc. now owns 179,844 shares of the restaurant operator’s stock worth $11,782,000 after purchasing an additional 42,700 shares in the last quarter. Eagle Asset Management Inc. increased its position in Texas Roadhouse by 4.5% during the 2nd quarter. Eagle Asset Management Inc. now owns 124,672 shares of the restaurant operator’s stock worth $8,167,000 after purchasing an additional 5,372 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. increased its position in Texas Roadhouse by 1.0% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 507,747 shares of the restaurant operator’s stock worth $33,263,000 after purchasing an additional 5,233 shares in the last quarter. 91.87% 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.

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Analyst Recommendations for Texas Roadhouse (NASDAQ:TXRH)

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