Equities researchers at Gordon Haskett began coverage on shares of Texas Roadhouse (NASDAQ:TXRH) in a research note issued to investors on Thursday, The Fly reports. The firm set an “underperform” rating and a $60.00 price target on the restaurant operator’s stock. Gordon Haskett’s price objective suggests a potential downside of 9.31% from the stock’s previous close.

Other research analysts have also recently issued reports about the stock. Wells Fargo & Co dropped their price objective on shares of Texas Roadhouse from $63.00 to $61.00 and set a “market perform” rating for the company in a research note on Tuesday, July 31st. BMO Capital Markets dropped their price objective on shares of Texas Roadhouse from $64.00 to $62.00 and set a “hold” rating for the company in a research note on Tuesday, July 31st. BidaskClub cut shares of Texas Roadhouse from a “buy” rating to a “hold” rating in a research note on Thursday, July 26th. Zacks Investment Research raised shares of Texas Roadhouse from a “hold” rating to a “buy” rating and set a $75.00 price objective for the company in a research note on Thursday, July 19th. Finally, Stephens cut shares of Texas Roadhouse from an “overweight” rating to an “equal weight” rating and dropped their price objective for the stock from $75.00 to $70.00 in a research note on Wednesday, September 12th. They noted that the move was a valuation call. Four analysts have rated the stock with a sell rating, twelve have assigned a hold rating and seven have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $64.07.

Shares of TXRH opened at $66.16 on Thursday. Texas Roadhouse has a 1-year low of $47.70 and a 1-year high of $75.24. The company has a market cap of $4.94 billion, a PE ratio of 33.58, a price-to-earnings-growth ratio of 2.50 and a beta of 0.62.

Texas Roadhouse (NASDAQ:TXRH) last issued its quarterly earnings data on Monday, July 30th. The restaurant operator reported $0.62 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.67 by ($0.05). Texas Roadhouse had a return on equity of 18.15% and a net margin of 6.76%. The business had revenue of $629.24 million for the quarter, compared to analysts’ expectations of $634.52 million. During the same period last year, the business earned $0.53 earnings per share. The company’s revenue for the quarter was up 11.1% on a year-over-year basis. As a group, research analysts predict that Texas Roadhouse will post 2.33 earnings per share for the current year.

In other Texas Roadhouse news, CFO Tonya Robinson sold 1,023 shares of Texas Roadhouse stock in a transaction that occurred on Wednesday, August 22nd. The shares were sold at an average price of $67.17, for a total value of $68,714.91. Following the completion of the sale, the chief financial officer now directly owns 2 shares of the company’s stock, valued at approximately $134.34. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Douglas W. Thompson sold 10,000 shares of Texas Roadhouse stock in a transaction that occurred on Tuesday, September 25th. The stock was sold at an average price of $68.75, for a total transaction of $687,500.00. Following the completion of the sale, the chief operating officer now directly owns 38,519 shares of the company’s stock, valued at $2,648,181.25. The disclosure for this sale can be found here. Insiders sold a total of 14,023 shares of company stock valued at $973,715 over the last ninety days. 5.89% of the stock is owned by corporate insiders.

A number of hedge funds have recently added to or reduced their stakes in the business. Boston Advisors LLC acquired a new position in shares of Texas Roadhouse in the 2nd quarter valued at $1,711,000. Carillon Tower Advisers Inc. boosted its holdings in shares of Texas Roadhouse by 31.1% in the 2nd quarter. Carillon Tower Advisers Inc. now owns 179,844 shares of the restaurant operator’s stock valued at $11,782,000 after purchasing an additional 42,700 shares during the last quarter. Eagle Asset Management Inc. boosted its holdings in shares of Texas Roadhouse by 4.5% in the 2nd quarter. Eagle Asset Management Inc. now owns 124,672 shares of the restaurant operator’s stock valued at $8,167,000 after purchasing an additional 5,372 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its holdings in shares of Texas Roadhouse by 1.0% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 507,747 shares of the restaurant operator’s stock valued at $33,263,000 after purchasing an additional 5,233 shares during the last quarter. Finally, Zeke Capital Advisors LLC acquired a new position in shares of Texas Roadhouse in the 2nd quarter valued at $209,000. 91.39% of the stock is owned by hedge funds and other institutional investors.

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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