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

Gordon Haskett downgraded shares of Texas Roadhouse (NASDAQ:TXRH) from a buy rating to a hold rating in a research note released on Wednesday morning, Marketbeat reports. The firm currently has $192.00 target price on the restaurant operator’s stock.

A number of other equities research analysts also recently weighed in on TXRH. Evercore ISI raised their target price on shares of Texas Roadhouse from $195.00 to $200.00 and gave the company an “outperform” rating in a research note on Tuesday, October 15th. Morgan Stanley raised their target price on shares of Texas Roadhouse from $200.00 to $205.00 and gave the company an “equal weight” rating in a research note on Friday, October 25th. Stifel Nicolaus raised their target price on shares of Texas Roadhouse from $180.00 to $195.00 and gave the company a “hold” rating in a research note on Friday, October 25th. Citigroup raised their target price on shares of Texas Roadhouse from $192.00 to $201.00 and gave the company a “buy” rating in a research note on Tuesday, October 1st. Finally, Guggenheim raised their target price on shares of Texas Roadhouse from $190.00 to $195.00 and gave the company a “buy” rating in a research note on Wednesday, September 25th. Fourteen equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, Texas Roadhouse presently has a consensus rating of “Hold” and a consensus price target of $190.26.

Texas Roadhouse Stock Up 0.4 %

Shares of TXRH opened at $182.05 on Wednesday. The business’s 50-day moving average price is $190.85 and its 200-day moving average price is $178.42. Texas Roadhouse has a twelve month low of $115.48 and a twelve month 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 results on Thursday, October 24th. The restaurant operator reported $1.26 earnings per share for the quarter, missing the consensus estimate of $1.32 by ($0.06). The company 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%. The company’s quarterly revenue was up 13.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.95 earnings per share. Analysts expect that Texas Roadhouse will post 6.39 earnings per share for the current fiscal year.

Texas Roadhouse Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 10th were issued a $0.61 dividend. This represents a $2.44 annualized dividend and a dividend yield of 1.34%. The ex-dividend date of this dividend was Tuesday, December 10th. Texas Roadhouse’s dividend payout ratio is 41.92%.

Insider Transactions at Texas Roadhouse

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

Institutional Trading of Texas Roadhouse

Large investors have recently added to or reduced their stakes in the stock. Hollencrest Capital Management bought a new stake in Texas Roadhouse in the second quarter valued at $25,000. True Wealth Design LLC bought a new stake in shares of Texas Roadhouse during the 3rd quarter valued at $30,000. PSI Advisors LLC boosted its holdings in shares of 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 buying an additional 75 shares in the last quarter. UMB Bank n.a. boosted its holdings in shares of Texas Roadhouse by 118.6% during the 3rd 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 in the last quarter. Finally, Ashton Thomas Private Wealth LLC bought a new stake in shares of Texas Roadhouse during the 2nd quarter valued at $47,000. Institutional investors own 94.82% of the company’s stock.

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.