Texas Roadhouse (NASDAQ:TXRH) had its target price decreased by equities researchers at Royal Bank of Canada to $66.00 in a report released on Tuesday, October 30th, The Fly reports. The firm presently has an “outperform” rating on the restaurant operator’s stock. Royal Bank of Canada’s price objective would indicate a potential upside of 5.43% from the company’s current price.
TXRH has been the subject of a number of other research reports. BidaskClub downgraded shares of Texas Roadhouse from a “buy” rating to a “hold” rating in a report on Monday, September 24th. Wedbush downgraded shares of Texas Roadhouse from an “outperform” rating to a “neutral” rating and set a $67.00 price target for the company. in a report on Monday, September 10th. They noted that the move was a valuation call. BTIG Research downgraded shares of Texas Roadhouse from a “buy” rating to a “neutral” rating in a report on Thursday, September 13th. Robert W. Baird cut shares of Texas Roadhouse from an “outperform” rating to a “neutral” rating and set a $74.00 price objective on the stock. in a research note on Monday, September 10th. Finally, Maxim Group increased their price objective on shares of Texas Roadhouse from $67.00 to $72.00 and gave the company a “hold” rating in a research note on Thursday, October 25th. Four investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and eight have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $65.00.
Shares of Texas Roadhouse stock opened at $62.60 on Tuesday. The firm has a market cap of $4.44 billion, a price-to-earnings ratio of 31.78, a PEG ratio of 2.40 and a beta of 0.77. Texas Roadhouse has a one year low of $47.70 and a one year high of $75.24.
Texas Roadhouse (NASDAQ:TXRH) last announced its quarterly earnings results on Monday, October 29th. The restaurant operator reported $0.40 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.54 by ($0.14). The company had revenue of $594.60 million during the quarter, compared to analysts’ expectations of $594.16 million. Texas Roadhouse had a net margin of 6.53% and a return on equity of 17.39%. The business’s revenue for the quarter was up 10.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.43 EPS. As a group, sell-side analysts expect that Texas Roadhouse will post 2.19 earnings per share for the current year.
In other Texas Roadhouse news, COO Douglas W. Thompson sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, September 25th. The shares were sold at an average price of $68.75, for a total transaction of $687,500.00. Following the sale, the chief operating officer now directly owns 38,519 shares of the company’s stock, valued at approximately $2,648,181.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Tonya Robinson sold 1,023 shares of the firm’s stock in a transaction dated Wednesday, August 22nd. The stock was sold at an average price of $67.17, for a total transaction of $68,714.91. Following the sale, the chief financial officer now directly owns 2 shares in the company, valued at $134.34. The disclosure for this sale can be found here. Insiders have sold a total of 18,273 shares of company stock worth $1,238,107 over the last ninety days. 5.89% of the stock is owned by corporate insiders.
Institutional investors have recently added to or reduced their stakes in the business. Bruderman Asset Management LLC acquired a new stake in shares of Texas Roadhouse during the 2nd quarter worth about $123,000. Zeke Capital Advisors LLC acquired a new stake in shares of Texas Roadhouse during the 2nd quarter worth about $209,000. World Asset Management Inc acquired a new stake in shares of Texas Roadhouse during the 2nd quarter worth about $211,000. Alps Advisors Inc. acquired a new stake in shares of Texas Roadhouse in the third quarter worth approximately $225,000. Finally, Signition LP acquired a new stake in shares of Texas Roadhouse in the third quarter worth approximately $232,000. 91.50% of the stock is currently owned by 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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