Wall Street Zen Upgrades Texas Roadhouse (NASDAQ:TXRH) to Hold

Texas Roadhouse (NASDAQ:TXRH) was upgraded by research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a note issued to investors on Saturday.

Several other analysts have also issued reports on TXRH. Stephens reduced their price target on shares of Texas Roadhouse from $175.00 to $168.00 and set an “equal weight” rating on the stock in a research report on Friday, November 7th. Royal Bank Of Canada reduced their target price on Texas Roadhouse from $185.00 to $175.00 and set a “sector perform” rating on the stock in a report on Friday, November 7th. Truist Financial lowered their price target on Texas Roadhouse from $210.00 to $195.00 and set a “buy” rating for the company in a report on Friday, November 7th. Guggenheim reaffirmed a “buy” rating and issued a $210.00 price objective on shares of Texas Roadhouse in a research note on Tuesday, September 16th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Texas Roadhouse in a research report on Monday, December 8th. Two investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $192.95.

Texas Roadhouse Price Performance

Shares of NASDAQ TXRH opened at $168.24 on Friday. The business has a fifty day moving average price of $169.42 and a two-hundred day moving average price of $176.03. The stock has a market capitalization of $11.13 billion, a PE ratio of 25.72, a P/E/G ratio of 2.74 and a beta of 0.88. Texas Roadhouse has a fifty-two week low of $148.73 and a fifty-two week high of $199.99.

Texas Roadhouse (NASDAQ:TXRH) last issued its quarterly earnings results on Thursday, November 6th. The restaurant operator reported $1.25 EPS for the quarter, missing analysts’ consensus estimates of $1.28 by ($0.03). The company had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.43 billion. Texas Roadhouse had a return on equity of 30.59% and a net margin of 7.49%.The firm’s revenue for the quarter was up 12.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.26 EPS. On average, equities analysts expect that Texas Roadhouse will post 7.23 EPS for the current year.

Insider Activity

In related news, Director Hugh J. Carroll sold 1,000 shares of Texas Roadhouse stock in a transaction that occurred on Thursday, December 4th. The shares were sold at an average price of $167.27, for a total transaction of $167,270.00. Following the sale, the director directly owned 1,854 shares in the company, valued at $310,118.58. This trade represents a 35.04% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Gregory N. Moore sold 1,400 shares of the business’s stock in a transaction that occurred on Wednesday, December 3rd. The stock was sold at an average price of $170.00, for a total transaction of $238,000.00. Following the sale, the director directly owned 32,150 shares in the company, valued at $5,465,500. The trade was a 4.17% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 0.50% of the company’s stock.

Hedge Funds Weigh In On Texas Roadhouse

Hedge funds have recently modified their holdings of the business. Axiom Investors LLC DE increased its position in Texas Roadhouse by 3,696.7% in the 1st quarter. Axiom Investors LLC DE now owns 2,173,807 shares of the restaurant operator’s stock valued at $362,221,000 after buying an additional 2,116,552 shares in the last quarter. Roundview Capital LLC acquired a new stake in Texas Roadhouse in the second quarter valued at approximately $1,482,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in shares of Texas Roadhouse by 2,515.2% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 417,045 shares of the restaurant operator’s stock valued at $78,158,000 after acquiring an additional 401,098 shares in the last quarter. Symphony Financial Ltd. Co. bought a new stake in shares of Texas Roadhouse during the second quarter valued at approximately $28,465,000. Finally, NorthRock Partners LLC acquired a new position in shares of Texas Roadhouse during the second quarter worth approximately $276,000. Institutional investors and hedge funds own 94.82% 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. It also operates and franchises restaurants under the Texas Roadhouse, Bubba's 33, and Jaggers names in 49 states and ten internationally. Texas Roadhouse, Inc was founded in 1993 and is based in Louisville, Kentucky.