Texas Roadhouse (NASDAQ:TXRH) was upgraded by research analysts at BidaskClub from a “sell” rating to a “hold” rating in a note issued to investors on Thursday, BidAskClub reports.

Several other brokerages have also issued reports on TXRH. Wells Fargo & Co restated a “hold” rating and issued a $64.00 target price (up from $59.00) on shares of Texas Roadhouse in a research note on Friday, February 21st. Gordon Haskett upgraded Texas Roadhouse from an “underperform” rating to a “buy” rating and set a $54.00 target price for the company in a research report on Wednesday. Raymond James boosted their target price on Texas Roadhouse from $72.00 to $75.00 and gave the stock a “strong-buy” rating in a research report on Friday, February 21st. Wedbush boosted their target price on Texas Roadhouse from $74.00 to $79.00 and gave the stock an “outperform” rating in a research report on Friday, February 21st. Finally, Robert W. Baird cut Texas Roadhouse from an “outperform” rating to a “neutral” rating and set a $62.00 price objective for the company. in a report on Friday, January 31st. Three analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $65.67.

Shares of NASDAQ:TXRH traded up $1.12 during mid-day trading on Thursday, reaching $46.13. 498,044 shares of the company were exchanged, compared to its average volume of 2,295,474. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.59 and a quick ratio of 0.55. The firm has a market cap of $3.13 billion, a price-to-earnings ratio of 18.75, a P/E/G ratio of 1.79 and a beta of 0.60. The firm’s 50-day simple moving average is $55.20 and its 200 day simple moving average is $55.36. Texas Roadhouse has a 1 year low of $25.15 and a 1 year high of $72.49.

Texas Roadhouse (NASDAQ:TXRH) last issued its quarterly earnings results on Thursday, February 20th. The restaurant operator reported $0.61 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.52 by $0.09. Texas Roadhouse had a net margin of 6.33% and a return on equity of 18.69%. The company had revenue of $725.20 million during the quarter, compared to analysts’ expectations of $713.68 million. During the same quarter last year, the company posted $0.42 EPS. The firm’s revenue was up 19.7% compared to the same quarter last year. On average, research analysts forecast that Texas Roadhouse will post 2.56 earnings per share for the current fiscal year.

In other news, CMO S. Chris Jacobsen sold 2,500 shares of the stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $65.00, for a total value of $162,500.00. Following the completion of the sale, the chief marketing officer now owns 21,950 shares of the company’s stock, valued at $1,426,750. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 5.89% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of TXRH. Aigen Investment Management LP acquired a new position in shares of Texas Roadhouse during the fourth quarter worth approximately $184,000. Tower Research Capital LLC TRC grew its stake in Texas Roadhouse by 29.1% in the 4th quarter. Tower Research Capital LLC TRC now owns 3,379 shares of the restaurant operator’s stock valued at $190,000 after purchasing an additional 761 shares during the period. Coldstream Capital Management Inc. grew its stake in Texas Roadhouse by 4.9% in the 3rd quarter. Coldstream Capital Management Inc. now owns 4,247 shares of the restaurant operator’s stock valued at $224,000 after purchasing an additional 200 shares during the period. M&T Bank Corp grew its stake in Texas Roadhouse by 9.5% in the 4th quarter. M&T Bank Corp now owns 4,286 shares of the restaurant operator’s stock valued at $242,000 after purchasing an additional 373 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Texas Roadhouse by 17.9% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,930 shares of the restaurant operator’s stock valued at $278,000 after purchasing an additional 750 shares during the period. Hedge funds and other institutional investors own 89.17% of the company’s stock.

Texas Roadhouse Company Profile

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 April 29, 2019, it owned and operated approximately 590 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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