Texas Roadhouse (NASDAQ:TXRH) Upgraded at BidaskClub

BidaskClub upgraded shares of Texas Roadhouse (NASDAQ:TXRH) from a sell rating to a hold rating in a research report released on Wednesday morning, BidAskClub reports.

TXRH has been the subject of several other reports. Loop Capital cut their price target on shares of Texas Roadhouse from $66.00 to $54.00 in a report on Tuesday, May 5th. BMO Capital Markets raised shares of Texas Roadhouse from an underperform rating to a market perform rating and dropped their price objective for the stock from $55.00 to $44.00 in a report on Thursday, April 23rd. Royal Bank of Canada boosted their target price on Texas Roadhouse from $49.00 to $51.00 and gave the stock a sector perform rating in a report on Tuesday, May 5th. Telsey Advisory Group raised their price target on Texas Roadhouse from $45.00 to $50.00 and gave the company a market perform rating in a report on Tuesday, May 5th. Finally, JPMorgan Chase & Co. raised Texas Roadhouse from an underweight rating to a neutral rating and set a $55.00 price objective on the stock in a research note on Wednesday, June 24th. One analyst has rated the stock with a sell rating, eighteen have given a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus target price of $57.92.

Texas Roadhouse stock opened at $56.19 on Wednesday. The business has a 50 day simple moving average of $51.55 and a 200 day simple moving average of $51.88. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.97 and a quick ratio of 0.91. The company has a market capitalization of $3.89 billion, a PE ratio of 28.24, a price-to-earnings-growth ratio of 39.88 and a beta of 0.94. Texas Roadhouse has a one year low of $25.15 and a one year high of $72.49.

Texas Roadhouse (NASDAQ:TXRH) last released its quarterly earnings data on Monday, May 4th. The restaurant operator reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.25). The company had revenue of $652.50 million for the quarter, compared to analyst estimates of $663.22 million. Texas Roadhouse had a return on equity of 15.33% and a net margin of 5.15%. The business’s revenue was down 5.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.70 earnings per share. Equities analysts anticipate that Texas Roadhouse will post 0.14 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Profund Advisors LLC lifted its stake in shares of Texas Roadhouse by 4.3% in the 4th quarter. Profund Advisors LLC now owns 7,625 shares of the restaurant operator’s stock valued at $429,000 after purchasing an additional 311 shares during the period. Sunbelt Securities Inc. acquired a new stake in shares of Texas Roadhouse during the fourth quarter worth $4,787,000. Mason Street Advisors LLC increased its holdings in Texas Roadhouse by 1.2% in the fourth quarter. Mason Street Advisors LLC now owns 34,703 shares of the restaurant operator’s stock valued at $1,954,000 after purchasing an additional 406 shares during the last quarter. Louisiana State Employees Retirement System lifted its stake in Texas Roadhouse by 3.2% in the second quarter. Louisiana State Employees Retirement System now owns 16,300 shares of the restaurant operator’s stock valued at $857,000 after buying an additional 500 shares during the period. Finally, State of Alaska Department of Revenue boosted its holdings in Texas Roadhouse by 4.7% during the first quarter. State of Alaska Department of Revenue now owns 11,228 shares of the restaurant operator’s stock worth $463,000 after buying an additional 504 shares during the last quarter. 90.08% of the stock is owned by hedge funds and other 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 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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