Texas Roadhouse (NASDAQ:TXRH) Stock Rating Lowered by Gordon Haskett

Texas Roadhouse (NASDAQ:TXRH) was downgraded by investment analysts at Gordon Haskett from a “buy” rating to a “hold” rating in a research report issued on Wednesday,Briefing.com Automated Import reports. They currently have a $192.00 price target on the restaurant operator’s stock. Gordon Haskett’s price objective suggests a potential upside of 5.92% from the company’s previous close.

Other equities research analysts have also recently issued reports about the company. UBS Group raised their target price on Texas Roadhouse from $200.00 to $210.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Evercore ISI raised their price objective on Texas Roadhouse from $195.00 to $200.00 and gave the company an “outperform” rating in a report on Tuesday, October 15th. Morgan Stanley upped their target price on Texas Roadhouse from $200.00 to $205.00 and gave the stock an “equal weight” rating in a research note on Friday, October 25th. The Goldman Sachs Group began coverage on shares of Texas Roadhouse in a research note on Thursday, December 5th. They issued a “neutral” rating and a $213.00 price target on the stock. Finally, Citigroup boosted their price target on shares of Texas Roadhouse from $192.00 to $201.00 and gave the stock a “buy” rating in a report on Tuesday, October 1st. Fourteen analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, Texas Roadhouse has an average rating of “Hold” and a consensus price target of $190.17.

Texas Roadhouse Trading Up 0.2 %

Shares of NASDAQ:TXRH opened at $181.27 on Wednesday. The company has a market capitalization of $12.09 billion, a PE ratio of 31.15, a PEG ratio of 1.59 and a beta of 1.01. Texas Roadhouse has a 12-month low of $115.48 and a 12-month high of $206.04. The business has a 50 day moving average of $191.09 and a two-hundred day moving average of $178.40.

Texas Roadhouse (NASDAQ:TXRH) last posted its earnings results on Thursday, October 24th. The restaurant operator reported $1.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.32 by ($0.06). The firm had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.27 billion. Texas Roadhouse had a net margin of 7.65% and a return on equity of 31.33%. The business’s revenue for the quarter was up 13.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.95 earnings per share. Equities research analysts predict that Texas Roadhouse will post 6.39 earnings per share for the current fiscal year.

Insider Transactions at Texas Roadhouse

In related news, Director Donna E. Epps sold 610 shares of the company’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $195.66, for a total value of $119,352.60. Following the completion of the sale, the director now directly owns 3,532 shares of the company’s stock, valued at $691,071.12. This represents a 14.73 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CTO Hernan E. Mujica sold 1,500 shares of Texas Roadhouse stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $202.26, for a total value of $303,390.00. Following the transaction, the chief technology officer now directly owns 16,342 shares in the company, valued at approximately $3,305,332.92. This trade represents a 8.41 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.50% of the company’s stock.

Institutional Trading of Texas Roadhouse

Institutional investors and hedge funds have recently bought and sold shares of the business. Hantz Financial Services Inc. grew its position in Texas Roadhouse by 8,594.4% during the 3rd quarter. Hantz Financial Services Inc. now owns 3,130 shares of the restaurant operator’s stock worth $553,000 after purchasing an additional 3,094 shares during the last quarter. Massachusetts Financial Services Co. MA acquired a new stake in shares of Texas Roadhouse during the third quarter worth about $17,853,000. Victory Capital Management Inc. grew its holdings in shares of Texas Roadhouse by 194.9% during the third quarter. Victory Capital Management Inc. now owns 67,733 shares of the restaurant operator’s stock worth $11,962,000 after buying an additional 44,768 shares during the last quarter. Thrivent Financial for Lutherans increased its position in Texas Roadhouse by 0.9% in the 3rd quarter. Thrivent Financial for Lutherans now owns 483,045 shares of the restaurant operator’s stock valued at $85,306,000 after acquiring an additional 4,391 shares during the period. Finally, Captrust Financial Advisors increased its position in Texas Roadhouse by 72.8% in the 3rd quarter. Captrust Financial Advisors now owns 15,727 shares of the restaurant operator’s stock valued at $2,777,000 after acquiring an additional 6,624 shares during the period. Hedge funds and other institutional investors own 94.82% 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. 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.