BidaskClub upgraded shares of Texas Roadhouse (NASDAQ:TXRH) from a hold rating to a buy rating in a research report sent to investors on Saturday morning.

TXRH has been the topic of a number of other research reports. Zacks Investment Research lowered Texas Roadhouse from a buy rating to a hold rating in a research report on Wednesday, July 18th. BMO Capital Markets lowered Texas Roadhouse from an outperform rating to a hold rating and increased their target price for the company from $60.00 to $64.00 in a research report on Tuesday, April 24th. They noted that the move was a valuation call. Barclays decreased their target price on Texas Roadhouse from $72.00 to $66.00 and set an overweight rating on the stock in a research report on Tuesday, July 31st. Maxim Group lowered Texas Roadhouse from a buy rating to a hold rating and set a $67.00 target price on the stock. in a research report on Tuesday, May 1st. Finally, Wedbush reiterated a buy rating and set a $69.00 target price on shares of Texas Roadhouse in a research report on Wednesday, May 30th. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and eleven have issued a buy rating to the company. The company currently has an average rating of Hold and a consensus price target of $64.02.

Shares of NASDAQ:TXRH opened at $66.10 on Friday. Texas Roadhouse has a 1 year low of $44.29 and a 1 year high of $70.86. The company has a market cap of $4.52 billion, a PE ratio of 33.55, a price-to-earnings-growth ratio of 2.28 and a beta of 0.58.

Texas Roadhouse (NASDAQ:TXRH) last announced its earnings results on Monday, July 30th. The restaurant operator reported $0.62 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.05). Texas Roadhouse had a net margin of 6.76% and a return on equity of 18.15%. The business had revenue of $629.24 million for the quarter, compared to analysts’ expectations of $634.52 million. During the same quarter last year, the business earned $0.53 EPS. The company’s quarterly revenue was up 11.1% on a year-over-year basis. analysts expect that Texas Roadhouse will post 2.34 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently bought and sold shares of TXRH. Shaker Investments LLC OH raised its stake in Texas Roadhouse by 113.3% in the 1st quarter. Shaker Investments LLC OH now owns 9,600 shares of the restaurant operator’s stock valued at $555,000 after purchasing an additional 5,100 shares during the last quarter. Wells Fargo & Company MN increased its stake in shares of Texas Roadhouse by 16.3% in the 1st quarter. Wells Fargo & Company MN now owns 204,010 shares of the restaurant operator’s stock worth $11,788,000 after acquiring an additional 28,644 shares during the last quarter. Westpac Banking Corp increased its stake in shares of Texas Roadhouse by 33.0% in the 1st quarter. Westpac Banking Corp now owns 116,900 shares of the restaurant operator’s stock worth $6,754,000 after acquiring an additional 29,000 shares during the last quarter. Hodges Capital Management Inc. increased its stake in shares of Texas Roadhouse by 5.3% in the 1st quarter. Hodges Capital Management Inc. now owns 140,598 shares of the restaurant operator’s stock worth $8,124,000 after acquiring an additional 7,097 shares during the last quarter. Finally, American Century Companies Inc. increased its stake in shares of Texas Roadhouse by 5.4% in the 1st quarter. American Century Companies Inc. now owns 143,046 shares of the restaurant operator’s stock worth $8,265,000 after acquiring an additional 7,351 shares during the last quarter. 88.59% of the stock is owned by hedge funds and other institutional investors.

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 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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