Texas Roadhouse (TXRH) Downgraded by BidaskClub

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BidaskClub downgraded shares of Texas Roadhouse (NASDAQ:TXRH) from a buy rating to a hold rating in a research note released on Thursday.

A number of other equities analysts also recently issued reports on the stock. BMO Capital Markets decreased their price target on shares of Texas Roadhouse from $58.00 to $53.00 and set an underperform rating for the company in a research note on Tuesday, October 30th. Zacks Investment Research downgraded shares of Texas Roadhouse from a hold rating to a sell rating in a research note on Thursday, October 4th. Maxim Group increased their price target on shares of Texas Roadhouse from $67.00 to $72.00 and gave the stock a hold rating in a research note on Thursday, October 25th. Gordon Haskett started coverage on shares of Texas Roadhouse in a research note on Thursday, October 18th. They issued an underperform rating and a $60.00 price target for the company. Finally, Royal Bank of Canada decreased their price target on shares of Texas Roadhouse to $74.00 and set an outperform rating for the company in a research note on Wednesday, October 17th. Four equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and six have assigned a buy rating to the company. The stock currently has an average rating of Hold and a consensus price target of $65.00.

TXRH stock opened at $60.78 on Thursday. Texas Roadhouse has a 1 year low of $53.05 and a 1 year high of $75.24. The stock has a market capitalization of $4.35 billion, a P/E ratio of 30.85, a P/E/G ratio of 2.04 and a beta of 0.71.

In other Texas Roadhouse news, President Scott Matthew Colosi sold 6,741 shares of the company’s stock in a transaction dated Wednesday, January 9th. The shares were sold at an average price of $63.22, for a total value of $426,166.02. Following the sale, the president now owns 68,202 shares in the company, valued at $4,311,730.44. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 5.89% of the stock is currently owned by corporate insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in TXRH. FMR LLC grew its holdings in Texas Roadhouse by 44.9% in the second quarter. FMR LLC now owns 2,170,345 shares of the restaurant operator’s stock worth $142,179,000 after purchasing an additional 672,768 shares during the period. GW&K Investment Management LLC grew its holdings in Texas Roadhouse by 43.0% in the third quarter. GW&K Investment Management LLC now owns 1,001,594 shares of the restaurant operator’s stock worth $69,400,000 after purchasing an additional 301,378 shares during the period. Vanguard Group Inc grew its holdings in Texas Roadhouse by 4.9% in the third quarter. Vanguard Group Inc now owns 6,042,344 shares of the restaurant operator’s stock worth $418,675,000 after purchasing an additional 284,604 shares during the period. Vanguard Group Inc. grew its holdings in Texas Roadhouse by 4.9% in the third quarter. Vanguard Group Inc. now owns 6,042,344 shares of the restaurant operator’s stock worth $418,675,000 after purchasing an additional 284,604 shares during the period. Finally, Schroder Investment Management Group grew its holdings in Texas Roadhouse by 435.7% in the third quarter. Schroder Investment Management Group now owns 174,100 shares of the restaurant operator’s stock worth $12,064,000 after purchasing an additional 141,600 shares during the period. Institutional investors and hedge funds own 90.12% of the company’s stock.

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 October 29, 2018, it owned and operated approximately 575 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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