Texas Roadhouse (NASDAQ:TXRH) Rating Lowered to “Hold” at Gordon Haskett

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

A number of other brokerages have also commented on TXRH. Guggenheim raised their target price on shares of Texas Roadhouse from $190.00 to $195.00 and gave the stock a “buy” rating in a research report on Wednesday, September 25th. Citigroup raised their price objective on Texas Roadhouse from $192.00 to $201.00 and gave the stock a “buy” rating in a report on Tuesday, October 1st. The Goldman Sachs Group began coverage on Texas Roadhouse in a report on Thursday, December 5th. They issued a “neutral” rating and a $213.00 target price for the company. Morgan Stanley raised their price target on Texas Roadhouse from $200.00 to $205.00 and gave the company an “equal weight” rating in a research note on Friday, October 25th. Finally, Loop Capital lowered their price objective on shares of Texas Roadhouse from $215.00 to $209.00 and set a “buy” rating for the company in a research note on Monday, October 28th. Fourteen research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $190.17.

Texas Roadhouse Stock Up 0.2 %

Shares of Texas Roadhouse stock opened at $181.27 on Wednesday. The stock’s fifty day moving average is $191.09 and its two-hundred day moving average is $178.40. Texas Roadhouse has a 52 week low of $115.48 and a 52 week high of $206.04. The company has a market capitalization of $12.09 billion, a PE ratio of 31.15, a price-to-earnings-growth ratio of 1.59 and a beta of 1.01.

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

Insider Activity

In other news, CTO Hernan E. Mujica sold 1,500 shares of the business’s stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $202.26, for a total transaction of $303,390.00. Following the sale, the chief technology officer now directly owns 16,342 shares of the company’s stock, valued at $3,305,332.92. The trade was a 8.41 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Donna E. Epps sold 610 shares of the firm’s stock in a transaction on 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 transaction, the director now owns 3,532 shares of the company’s stock, valued at $691,071.12. This trade represents a 14.73 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.50% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Hollencrest Capital Management acquired a new stake in shares of Texas Roadhouse during the second quarter worth about $25,000. True Wealth Design LLC purchased a new position in Texas Roadhouse during the 3rd quarter worth approximately $30,000. PSI Advisors LLC lifted its stake in Texas Roadhouse by 70.8% during the 3rd quarter. PSI Advisors LLC now owns 181 shares of the restaurant operator’s stock valued at $32,000 after acquiring an additional 75 shares during the period. UMB Bank n.a. boosted its holdings in shares of Texas Roadhouse by 118.6% in the 3rd quarter. UMB Bank n.a. now owns 258 shares of the restaurant operator’s stock valued at $46,000 after acquiring an additional 140 shares during the last quarter. Finally, Ashton Thomas Private Wealth LLC acquired a new stake in shares of Texas Roadhouse in the second quarter worth $47,000. 94.82% of the stock is owned by institutional investors and hedge funds.

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.