BidaskClub upgraded shares of Texas Roadhouse (NASDAQ:TXRH) from a buy rating to a strong-buy rating in a report published on Thursday morning.

Several other equities research analysts have also recently weighed in on the company. Zacks Investment Research cut Texas Roadhouse from a hold rating to a strong sell rating in a research report on Friday, November 2nd. Morgan Stanley reduced their price objective on Texas Roadhouse from $63.00 to $61.00 and set an equal weight rating for the company in a research report on Tuesday, October 30th. BMO Capital Markets reduced their price objective on Texas Roadhouse from $58.00 to $53.00 and set an underperform rating for the company in a research report on Tuesday, October 30th. Barclays reduced their price objective on Texas Roadhouse from $66.00 to $64.00 and set an overweight rating for the company in a research report on Tuesday, October 30th. Finally, Maxim Group reduced their price objective on Texas Roadhouse to $66.00 and set a positive rating for the company in a research report on Tuesday, October 30th. Four analysts have rated the stock with a sell rating, ten have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. Texas Roadhouse presently has an average rating of Hold and an average price target of $65.35.

TXRH stock traded up $2.65 during midday trading on Thursday, hitting $66.98. 1,273,821 shares of the company traded hands, compared to its average volume of 744,232. Texas Roadhouse has a twelve month low of $53.05 and a twelve month high of $75.24. The company has a market cap of $4.51 billion, a PE ratio of 34.00, a price-to-earnings-growth ratio of 2.11 and a beta of 0.85.

Texas Roadhouse (NASDAQ:TXRH) last announced its quarterly earnings results on Monday, October 29th. The restaurant operator reported $0.40 EPS for the quarter, missing the consensus estimate of $0.54 by ($0.14). Texas Roadhouse had a net margin of 6.53% and a return on equity of 17.39%. The company had revenue of $594.60 million for the quarter, compared to analyst estimates of $594.16 million. During the same quarter last year, the business earned $0.43 EPS. The company’s revenue for the quarter was up 10.0% on a year-over-year basis. On average, sell-side analysts expect that Texas Roadhouse will post 2.19 earnings per share for the current fiscal year.

The firm also recently announced a dividend, which was paid on Monday, December 31st. Stockholders of record on Wednesday, December 19th were paid a $0.25 dividend. The ex-dividend date of this dividend was Tuesday, December 18th. Texas Roadhouse’s dividend payout ratio (DPR) is presently 50.76%.

In other news, President Scott Matthew Colosi sold 6,741 shares of the firm’s stock in a transaction on Wednesday, January 9th. The stock was sold at an average price of $63.22, for a total value of $426,166.02. Following the completion of the sale, the president now directly owns 68,202 shares in the company, valued at $4,311,730.44. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director James F. Parker sold 4,250 shares of the firm’s stock in a transaction on Wednesday, October 31st. The shares were sold at an average price of $62.21, for a total value of $264,392.50. Following the completion of the sale, the director now owns 87,810 shares of the company’s stock, valued at $5,462,660.10. The disclosure for this sale can be found here. Company insiders own 5.89% of the company’s stock.

Several large investors have recently made changes to their positions in the company. Russell Investments Group Ltd. lifted its stake in shares of Texas Roadhouse by 140.7% in the second quarter. Russell Investments Group Ltd. now owns 85,655 shares of the restaurant operator’s stock valued at $5,615,000 after purchasing an additional 50,071 shares during the period. Legal & General Group Plc lifted its stake in shares of Texas Roadhouse by 1.4% in the second quarter. Legal & General Group Plc now owns 69,309 shares of the restaurant operator’s stock valued at $4,541,000 after purchasing an additional 954 shares during the period. FMR LLC lifted its stake in shares of Texas Roadhouse by 44.9% in the second quarter. FMR LLC now owns 2,170,345 shares of the restaurant operator’s stock valued at $142,179,000 after purchasing an additional 672,768 shares during the period. Envestnet Asset Management Inc. lifted its stake in shares of Texas Roadhouse by 80.5% in the second quarter. Envestnet Asset Management Inc. now owns 20,603 shares of the restaurant operator’s stock valued at $1,350,000 after purchasing an additional 9,187 shares during the period. Finally, Oregon Public Employees Retirement Fund lifted its stake in shares of Texas Roadhouse by 5.3% in the second quarter. Oregon Public Employees Retirement Fund now owns 25,497 shares of the restaurant operator’s stock valued at $1,670,000 after purchasing an additional 1,277 shares during the period. Institutional investors own 90.24% 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 October 29, 2018, it owned and operated approximately 575 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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