BidaskClub downgraded shares of Texas Roadhouse (NASDAQ:TXRH) from a strong-buy rating to a buy rating in a research report released on Tuesday, September 18th.

A number of other brokerages have also recently weighed in on TXRH. Wedbush restated a buy rating and issued a $69.00 price objective on shares of Texas Roadhouse in a report on Wednesday, May 30th. Telsey Advisory Group lifted their price target on shares of Texas Roadhouse from $64.00 to $70.00 and gave the stock a market perform rating in a research note on Wednesday, July 11th. Robert W. Baird lifted their price target on shares of Texas Roadhouse from $70.00 to $74.00 and gave the stock an outperform rating in a research note on Wednesday, July 25th. Maxim Group reiterated a hold rating and issued a $67.00 price target on shares of Texas Roadhouse in a research note on Tuesday, July 31st. Finally, Zacks Investment Research downgraded shares of Texas Roadhouse from a buy rating to a hold rating in a research note on Wednesday, July 18th. Four research analysts have rated the stock with a sell rating, eleven have given a hold rating and seven have assigned a buy rating to the stock. The company presently has an average rating of Hold and an average price target of $63.96.

Texas Roadhouse stock traded up $0.87 during midday trading on Tuesday, hitting $65.73. 861,276 shares of the stock were exchanged, compared to its average volume of 744,319. Texas Roadhouse has a fifty-two week low of $47.70 and a fifty-two week high of $75.24. The stock has a market cap of $4.95 billion, a P/E ratio of 33.37, a PEG ratio of 2.51 and a beta of 0.62.

Texas Roadhouse (NASDAQ:TXRH) last announced its quarterly earnings results on Monday, July 30th. The restaurant operator reported $0.62 earnings per share 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 company had revenue of $629.24 million for the quarter, compared to analyst estimates of $634.52 million. During the same quarter in the prior year, the business earned $0.53 earnings per share. Texas Roadhouse’s revenue was up 11.1% on a year-over-year basis. Research analysts anticipate that Texas Roadhouse will post 2.33 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, September 28th. Stockholders of record on Wednesday, September 12th were paid a dividend of $0.25 per share. The ex-dividend date was Tuesday, September 11th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.52%. Texas Roadhouse’s dividend payout ratio (DPR) is presently 50.76%.

In related news, insider S. Chris Jacobsen sold 1,500 shares of the business’s stock in a transaction dated Tuesday, September 4th. The shares were sold at an average price of $70.00, for a total value of $105,000.00. Following the sale, the insider now directly owns 15,033 shares in the company, valued at approximately $1,052,310. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 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 transaction of $687,500.00. Following the completion of 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. Over the last ninety days, insiders have sold 14,023 shares of company stock worth $973,715. Corporate insiders own 5.89% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the stock. Bruderman Asset Management LLC purchased a new stake in shares of Texas Roadhouse in the 2nd quarter worth about $123,000. Cornerstone Wealth Management LLC purchased a new stake in shares of Texas Roadhouse in the 2nd quarter worth about $200,000. Zeke Capital Advisors LLC purchased a new stake in shares of Texas Roadhouse in the 2nd quarter worth about $209,000. World Asset Management Inc purchased a new stake in shares of Texas Roadhouse in the 2nd quarter worth about $211,000. Finally, Fox Run Management L.L.C. purchased a new position in Texas Roadhouse in the 3rd quarter valued at about $251,000. Institutional investors and hedge funds own 91.41% 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 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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