BidaskClub cut shares of Texas Roadhouse (NASDAQ:TXRH) from a strong-buy rating to a buy rating in a research note issued to investors on Tuesday morning.

TXRH has been the subject of several other research reports. Stifel Nicolaus boosted their target price on Texas Roadhouse from $72.00 to $75.00 and gave the stock a buy rating in a research note on Wednesday, September 26th. Loop Capital initiated coverage on Texas Roadhouse in a research note on Wednesday, October 24th. They set a hold rating and a $73.00 target price for the company. Wedbush lowered their target price on Texas Roadhouse from $67.00 to $62.00 and set a neutral rating for the company in a research note on Tuesday, October 30th. Gordon Haskett initiated coverage on Texas Roadhouse in a research note on Thursday, October 18th. They set an underperform rating and a $60.00 target price for the company. Finally, Zacks Investment Research downgraded Texas Roadhouse from a hold rating to a strong sell rating in a research note on Friday, November 2nd. Four analysts have rated the stock with a sell rating, ten have issued a hold rating and eight have given a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus target price of $65.00.

Shares of NASDAQ TXRH opened at $64.92 on Tuesday. The stock has a market cap of $4.63 billion, a price-to-earnings ratio of 32.95, a price-to-earnings-growth ratio of 2.50 and a beta of 0.79. Texas Roadhouse has a 12 month low of $49.92 and a 12 month high of $75.24.

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

In other news, Director James F. Parker sold 4,250 shares of the business’s stock in a transaction dated Wednesday, October 31st. The stock was sold at an average price of $62.21, for a total transaction of $264,392.50. Following the sale, the director now directly owns 87,810 shares in the company, valued at $5,462,660.10. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, COO Douglas W. Thompson sold 10,000 shares of the business’s stock in a transaction dated Tuesday, September 25th. The stock was sold at an average price of $68.75, for a total value of $687,500.00. Following the sale, the chief operating officer now owns 38,519 shares in the company, valued at $2,648,181.25. The disclosure for this sale can be found here. Insiders own 5.89% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the company. Marshall Wace LLP grew its holdings in shares of Texas Roadhouse by 40.6% during the third quarter. Marshall Wace LLP now owns 174,947 shares of the restaurant operator’s stock worth $12,122,000 after purchasing an additional 50,558 shares during the last quarter. Great Lakes Advisors LLC bought a new stake in Texas Roadhouse in the third quarter valued at approximately $8,149,000. Vanguard Group Inc. boosted 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 valued at $418,675,000 after acquiring an additional 284,604 shares during the last quarter. Morgan Stanley boosted its holdings in Texas Roadhouse by 52.2% in the third quarter. Morgan Stanley now owns 405,107 shares of the restaurant operator’s stock valued at $28,069,000 after acquiring an additional 139,001 shares during the last quarter. Finally, Legal & General Group Plc boosted its holdings in Texas Roadhouse by 1.3% in the third quarter. Legal & General Group Plc now owns 70,237 shares of the restaurant operator’s stock valued at $4,866,000 after acquiring an additional 928 shares during the last quarter. Institutional investors own 90.11% 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 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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