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

Texas Roadhouse (NASDAQ:TXRH) was downgraded by investment analysts at Gordon Haskett from a “buy” rating to a “hold” rating in a report issued on Wednesday, Marketbeat reports. They presently have a $192.00 target price on the restaurant operator’s stock. Gordon Haskett’s target price would indicate a potential upside of 5.47% from the stock’s previous close.

TXRH has been the subject of a number of other reports. Citigroup boosted their price objective 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. BMO Capital Markets boosted their price target on shares of Texas Roadhouse from $155.00 to $162.00 and gave the stock a “market perform” rating in a research note on Friday, October 25th. Royal Bank of Canada raised their price objective on Texas Roadhouse from $175.00 to $185.00 and gave the company a “sector perform” rating in a research note on Friday, October 25th. Evercore ISI boosted their target price on Texas Roadhouse from $195.00 to $200.00 and gave the company an “outperform” rating in a research note on Tuesday, October 15th. Finally, Truist Financial raised their price target on Texas Roadhouse from $202.00 to $207.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Fourteen analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $190.26.

Texas Roadhouse Stock Up 0.4 %

TXRH opened at $182.05 on Wednesday. The business’s fifty day simple moving average is $190.67 and its 200 day simple moving average is $178.45. Texas Roadhouse has a 52 week low of $115.48 and a 52 week high of $206.04. The stock has a market cap of $12.15 billion, a PE ratio of 31.28, a P/E/G ratio of 1.59 and a beta of 1.01.

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

Insider Activity at Texas Roadhouse

In other Texas Roadhouse news, Director Donna E. Epps sold 610 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $195.66, for a total transaction of $119,352.60. Following the completion of the transaction, the director now owns 3,532 shares of the company’s stock, valued at approximately $691,071.12. This trade represents a 14.73 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CTO Hernan E. Mujica sold 1,500 shares of the business’s 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 completion of the sale, the chief technology officer now directly owns 16,342 shares in the company, valued at approximately $3,305,332.92. This represents a 8.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.50% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Texas Roadhouse

Institutional investors and hedge funds have recently modified their holdings of the stock. Hollencrest Capital Management bought a new position in Texas Roadhouse in the 2nd quarter worth about $25,000. True Wealth Design LLC bought a new position in shares of Texas Roadhouse in the third quarter worth approximately $30,000. PSI Advisors LLC grew its holdings in shares of Texas Roadhouse by 70.8% during the third quarter. PSI Advisors LLC now owns 181 shares of the restaurant operator’s stock valued at $32,000 after buying an additional 75 shares during the last quarter. UMB Bank n.a. grew its holdings in shares of Texas Roadhouse by 118.6% during the third quarter. UMB Bank n.a. now owns 258 shares of the restaurant operator’s stock valued at $46,000 after buying an additional 140 shares during the last quarter. Finally, Ashton Thomas Private Wealth LLC bought a new stake in shares of Texas Roadhouse during the second quarter valued at approximately $47,000. 94.82% of the stock is currently owned by institutional investors.

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.