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

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Several analysts have recently updated their ratings and price targets for Texas Roadhouse (NASDAQ: TXRH):

  • 2/20/2019 – Texas Roadhouse was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 2/20/2019 – Texas Roadhouse had its “hold” rating reaffirmed by analysts at Wedbush. They now have a $62.00 price target on the stock.
  • 2/19/2019 – Texas Roadhouse was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. 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. “
  • 2/11/2019 – Texas Roadhouse had its “hold” rating reaffirmed by analysts at Wedbush. They now have a $62.00 price target on the stock.
  • 2/9/2019 – Texas Roadhouse was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 1/31/2019 – Texas Roadhouse was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 1/25/2019 – Texas Roadhouse was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.
  • 1/22/2019 – Texas Roadhouse was downgraded by analysts at Stifel Nicolaus from a “buy” rating to a “hold” rating. They now have a $70.00 price target on the stock.
  • 1/11/2019 – Texas Roadhouse was upgraded by analysts at Goldman Sachs Group Inc from a “neutral” rating to a “buy” rating. They now have a $72.00 price target on the stock, up previously from $64.00.
  • 1/10/2019 – Texas Roadhouse was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.
  • 1/4/2019 – Texas Roadhouse was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.

Shares of NASDAQ TXRH traded down $1.23 during midday trading on Friday, hitting $62.34. The stock had a trading volume of 47,868 shares, compared to its average volume of 840,620. The firm has a market capitalization of $4.55 billion, a P/E ratio of 28.34, a P/E/G ratio of 2.14 and a beta of 0.71. Texas Roadhouse Inc has a 1-year low of $55.02 and a 1-year high of $75.24.

Texas Roadhouse (NASDAQ:TXRH) last announced its quarterly earnings data on Tuesday, February 19th. The restaurant operator reported $0.42 EPS for the quarter, beating the Zacks’ consensus estimate of $0.40 by $0.02. The firm had revenue of $605.91 million for the quarter, compared to analyst estimates of $599.06 million. Texas Roadhouse had a return on equity of 17.06% and a net margin of 6.44%. The business’s quarterly revenue was up 11.2% compared to the same quarter last year. During the same period last year, the company earned $0.40 EPS. On average, equities analysts expect that Texas Roadhouse Inc will post 2.48 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 29th. Shareholders of record on Wednesday, March 13th will be given a dividend of $0.30 per share. This is an increase from Texas Roadhouse’s previous quarterly dividend of $0.25. This represents a $1.20 annualized dividend and a yield of 1.92%. The ex-dividend date of this dividend is Tuesday, March 12th. Texas Roadhouse’s payout ratio is currently 45.45%.

In other news, President Scott Matthew Colosi sold 6,741 shares of the company’s stock in a transaction on Wednesday, January 9th. The shares were sold at an average price of $63.22, for a total transaction of $426,166.02. Following the completion of the transaction, the president now directly owns 68,202 shares in the company, valued at $4,311,730.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 5.89% of the stock is currently owned by corporate insiders.

Several large investors have recently made changes to their positions in the company. Oregon Public Employees Retirement Fund increased its stake in Texas Roadhouse by 5,870.0% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 1,541,514 shares of the restaurant operator’s stock valued at $26,000 after buying an additional 1,515,693 shares during the last quarter. FMR LLC increased its stake in Texas Roadhouse by 44.9% in the 2nd quarter. FMR LLC now owns 2,170,345 shares of the restaurant operator’s stock worth $142,179,000 after buying an additional 672,768 shares during the period. GW&K Investment Management LLC increased its stake in Texas Roadhouse by 43.0% in the 3rd quarter. GW&K Investment Management LLC now owns 1,001,594 shares of the restaurant operator’s stock worth $69,400,000 after buying an additional 301,378 shares during the period. Vanguard Group Inc increased its stake in Texas Roadhouse by 4.9% in the 3rd quarter. Vanguard Group Inc now owns 6,042,344 shares of the restaurant operator’s stock worth $418,675,000 after buying an additional 284,604 shares during the period. Finally, Vanguard Group Inc. increased its stake in Texas Roadhouse by 4.9% in the 3rd quarter. Vanguard Group Inc. now owns 6,042,344 shares of the restaurant operator’s stock worth $418,675,000 after buying an additional 284,604 shares during the period. Institutional investors own 87.98% of the company’s stock.

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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