Wedbush Reiterates “Hold” Rating for Texas Roadhouse (TXRH)

Texas Roadhouse (NASDAQ:TXRH)‘s stock had its “hold” rating reaffirmed by Wedbush in a note issued to investors on Monday. They presently have a $62.00 price target on the restaurant operator’s stock. Wedbush’s price objective would suggest a potential downside of 2.64% from the stock’s current price.

Several other research firms have also recently issued reports on TXRH. Royal Bank of Canada decreased their price target on shares of Texas Roadhouse to $74.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 17th. Zacks Investment Research raised shares of Texas Roadhouse from a “sell” rating to a “hold” rating in a research note on Thursday, October 18th. Gordon Haskett started coverage on shares of Texas Roadhouse in a research note on Thursday, October 18th. They set an “underperform” rating and a $60.00 price target on the stock. Loop Capital started coverage on shares of Texas Roadhouse in a research note on Wednesday, October 24th. They set a “hold” rating and a $73.00 price target on the stock. Finally, Maxim Group raised their price target on shares of Texas Roadhouse from $67.00 to $72.00 and gave the stock a “hold” rating in a research note on Thursday, October 25th. Four equities 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 company. The company has a consensus rating of “Hold” and an average price target of $65.00.

NASDAQ TXRH traded up $0.80 during trading hours on Monday, reaching $63.68. The company’s stock had a trading volume of 9,309 shares, compared to its average volume of 738,011. The stock has a market cap of $4.54 billion, a price-to-earnings ratio of 32.30, a PEG ratio of 2.11 and a beta of 0.71. Texas Roadhouse has a fifty-two week low of $53.05 and a fifty-two week high of $75.24.



In other news, President Scott Matthew Colosi sold 6,741 shares of the stock in a transaction dated Wednesday, January 9th. The shares were sold at an average price of $63.22, for a total transaction of $426,166.02. Following the transaction, the president now directly owns 68,202 shares in the company, valued at approximately $4,311,730.44. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 5.89% of the company’s stock.

Several hedge funds have recently made changes to their positions in TXRH. Oregon Public Employees Retirement Fund raised its stake in shares of Texas Roadhouse by 5,870.0% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 1,541,514 shares of the restaurant operator’s stock valued at $26,000 after purchasing an additional 1,515,693 shares during the period. FMR LLC raised its stake in shares of Texas Roadhouse by 44.9% during the second quarter. FMR LLC now owns 2,170,345 shares of the restaurant operator’s stock valued at $142,179,000 after purchasing an additional 672,768 shares during the period. GW&K Investment Management LLC raised its stake in shares of Texas Roadhouse by 43.0% during the third quarter. GW&K Investment Management LLC now owns 1,001,594 shares of the restaurant operator’s stock valued at $69,400,000 after purchasing an additional 301,378 shares during the period. Vanguard Group Inc raised its stake in shares of Texas Roadhouse by 4.9% during the third quarter. Vanguard Group Inc now owns 6,042,344 shares of the restaurant operator’s stock valued at $418,675,000 after purchasing an additional 284,604 shares during the period. Finally, Vanguard Group Inc. raised its stake in shares of Texas Roadhouse by 4.9% during the third quarter. Vanguard Group Inc. now owns 6,042,344 shares of the restaurant operator’s stock valued at $418,675,000 after purchasing an additional 284,604 shares during the period. Institutional investors and hedge funds own 91.93% 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 October 29, 2018, it owned and operated approximately 575 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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