Loop Capital Reaffirms Hold Rating for Texas Roadhouse (NASDAQ:TXRH)

Loop Capital reiterated their hold rating on shares of Texas Roadhouse (NASDAQ:TXRH) in a research report released on Monday morning, The Fly reports. They currently have a $66.00 target price on the restaurant operator’s stock. The analysts noted that the move was a valuation call.

A number of other brokerages also recently commented on TXRH. Deutsche Bank restated a hold rating and set a $58.00 target price on shares of Texas Roadhouse in a report on Wednesday, October 30th. BidaskClub upgraded Texas Roadhouse from a hold rating to a buy rating in a report on Wednesday, January 29th. Goldman Sachs Group started coverage on Texas Roadhouse in a report on Thursday, December 12th. They set a sell rating and a $52.00 target price for the company. Wells Fargo & Co restated a hold rating and set a $64.00 target price (up previously from $59.00) on shares of Texas Roadhouse in a report on Friday, February 21st. Finally, Royal Bank of Canada restated a sector perform rating and set a $71.00 target price on shares of Texas Roadhouse in a report on Monday. They noted that the move was a valuation call. Three equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, six have assigned a buy rating and two have given a strong buy rating to the company. The company presently has an average rating of Hold and an average price target of $65.86.

Shares of TXRH stock opened at $64.02 on Monday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.44 and a current ratio of 0.26. The company has a market capitalization of $4.59 billion, a P/E ratio of 26.89, a PEG ratio of 2.44 and a beta of 0.58. The stock has a 50 day moving average price of $62.15 and a two-hundred day moving average price of $56.00. Texas Roadhouse has a fifty-two week low of $47.52 and a fifty-two week high of $72.49.

Texas Roadhouse (NASDAQ:TXRH) last announced its earnings results on Thursday, February 20th. The restaurant operator reported $0.61 EPS for the quarter, beating analysts’ consensus estimates of $0.52 by $0.09. The company had revenue of $725.20 million during the quarter, compared to the consensus estimate of $713.68 million. Texas Roadhouse had a return on equity of 18.69% and a net margin of 6.33%. The firm’s revenue for the quarter was up 19.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.42 earnings per share. As a group, equities analysts predict that Texas Roadhouse will post 2.72 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, March 27th. Investors of record on Wednesday, March 11th will be paid a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 2.25%. This is a boost from Texas Roadhouse’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend is Tuesday, March 10th. Texas Roadhouse’s dividend payout ratio is presently 48.78%.

In related news, CMO S. Chris Jacobsen sold 2,500 shares of the company’s stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $65.00, for a total value of $162,500.00. Following the sale, the chief marketing officer now directly owns 21,950 shares of the company’s stock, valued at $1,426,750. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 5.89% of the stock is owned by corporate insiders.

A number of hedge funds have recently modified their holdings of TXRH. BlackRock Inc. grew its stake in shares of Texas Roadhouse by 3.7% in the second quarter. BlackRock Inc. now owns 8,553,667 shares of the restaurant operator’s stock worth $459,074,000 after acquiring an additional 308,212 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in Texas Roadhouse by 20.0% in the fourth quarter. Victory Capital Management Inc. now owns 1,564,402 shares of the restaurant operator’s stock valued at $97,775,000 after acquiring an additional 260,734 shares during the period. GW&K Investment Management LLC lifted its holdings in Texas Roadhouse by 23.8% in the third quarter. GW&K Investment Management LLC now owns 1,301,324 shares of the restaurant operator’s stock valued at $68,345,000 after acquiring an additional 250,315 shares during the period. Geode Capital Management LLC lifted its holdings in Texas Roadhouse by 3.6% in the fourth quarter. Geode Capital Management LLC now owns 963,572 shares of the restaurant operator’s stock valued at $54,268,000 after acquiring an additional 33,856 shares during the period. Finally, Squarepoint Ops LLC lifted its holdings in Texas Roadhouse by 25.9% in the third quarter. Squarepoint Ops LLC now owns 788,659 shares of the restaurant operator’s stock valued at $41,420,000 after acquiring an additional 162,055 shares during the period. 85.33% 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. 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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