Robert W. Baird upgraded shares of Texas Roadhouse (NASDAQ:TXRH) from a neutral rating to an outperform rating in a report published on Monday, Benzinga reports. The brokerage currently has $65.00 price objective on the restaurant operator’s stock, up from their previous price objective of $61.00.

TXRH has been the topic of a number of other research reports. BidaskClub downgraded Texas Roadhouse from a hold rating to a sell rating in a report on Thursday, April 11th. ValuEngine downgraded Texas Roadhouse from a buy rating to a hold rating in a report on Friday, March 15th. Wedbush reiterated a hold rating and set a $62.00 target price on shares of Texas Roadhouse in a report on Wednesday, February 20th. Stifel Nicolaus downgraded Texas Roadhouse from a buy rating to a hold rating and set a $70.00 target price on the stock. in a report on Tuesday, January 22nd. Finally, Stephens upgraded Texas Roadhouse from an equal weight rating to an overweight rating and set a $70.00 target price on the stock in a report on Wednesday, March 20th. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and seven have given a buy rating to the stock. The stock has a consensus rating of Hold and an average price target of $63.67.

TXRH opened at $52.77 on Monday. The company has a market cap of $3.88 billion, a price-to-earnings ratio of 23.99, a price-to-earnings-growth ratio of 2.01 and a beta of 0.59. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.89 and a quick ratio of 0.84. Texas Roadhouse has a one year low of $52.26 and a one year high of $75.24.

Texas Roadhouse (NASDAQ:TXRH) last posted its earnings results on Monday, April 29th. The restaurant operator reported $0.70 earnings per share for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.12). Texas Roadhouse had a return on equity of 16.17% and a net margin of 6.11%. The firm had revenue of $690.61 million for the quarter, compared to analysts’ expectations of $693.76 million. During the same quarter last year, the company posted $0.76 EPS. The firm’s revenue was up 10.0% on a year-over-year basis. Equities research analysts forecast that Texas Roadhouse will post 2.31 EPS for the current fiscal year.

In related news, Director Kathy Widmer sold 3,000 shares of the company’s stock in a transaction that occurred on Friday, March 22nd. The stock was sold at an average price of $60.91, for a total value of $182,730.00. Following the sale, the director now owns 12,400 shares in the company, valued at approximately $755,284. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, President Scott Matthew Colosi sold 34,247 shares of the company’s stock in a transaction that occurred on Friday, February 22nd. The stock was sold at an average price of $62.39, for a total value of $2,136,670.33. Following the completion of the sale, the president now owns 121,388 shares in the company, valued at approximately $7,573,397.32. The disclosure for this sale can be found here. Insiders sold a total of 43,247 shares of company stock worth $2,673,820 in the last 90 days. 5.89% of the stock is currently owned by company insiders.

Institutional investors have recently bought and sold shares of the stock. Janney Montgomery Scott LLC boosted its stake in Texas Roadhouse by 1.1% during the 4th quarter. Janney Montgomery Scott LLC now owns 15,795 shares of the restaurant operator’s stock valued at $943,000 after purchasing an additional 166 shares during the last quarter. Bank of Montreal Can boosted its stake in Texas Roadhouse by 8.7% during the 4th quarter. Bank of Montreal Can now owns 2,100 shares of the restaurant operator’s stock valued at $126,000 after purchasing an additional 168 shares during the last quarter. Exencial Wealth Advisors LLC boosted its stake in Texas Roadhouse by 0.3% during the 4th quarter. Exencial Wealth Advisors LLC now owns 51,509 shares of the restaurant operator’s stock valued at $3,075,000 after purchasing an additional 177 shares during the last quarter. Louisiana State Employees Retirement System boosted its stake in Texas Roadhouse by 1.1% during the 1st quarter. Louisiana State Employees Retirement System now owns 17,900 shares of the restaurant operator’s stock valued at $1,113,000 after purchasing an additional 200 shares during the last quarter. Finally, Advisory Services Network LLC boosted its stake in Texas Roadhouse by 34.7% during the 4th quarter. Advisory Services Network LLC now owns 851 shares of the restaurant operator’s stock valued at $51,000 after purchasing an additional 219 shares during the last quarter. Institutional investors own 88.27% 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 April 29, 2019, it owned and operated approximately 590 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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