Texas Roadhouse (NASDAQ:TXRH) Stock Rating Upgraded by Stephens

Texas Roadhouse (NASDAQ:TXRH) was upgraded by equities researchers at Stephens from an “equal weight” rating to an “overweight” rating in a research report issued to clients and investors on Thursday, Marketbeat Ratings reports. The brokerage presently has a $205.00 price target on the restaurant operator’s stock. Stephens’ price target would suggest a potential upside of 20.71% from the stock’s current price.

TXRH has been the subject of several other research reports. Mizuho increased their price objective on shares of Texas Roadhouse from $190.00 to $230.00 and gave the stock an “outperform” rating in a research report on Friday, July 31st. TD Cowen increased their price objective on shares of Texas Roadhouse from $205.00 to $230.00 and gave the stock a “buy” rating in a research report on Friday, August 7th. JPMorgan Chase & Co. dropped their price objective on shares of Texas Roadhouse from $202.00 to $200.00 and set a “neutral” rating for the company in a research report on Tuesday, September 29th. Wells Fargo & Company increased their price objective on shares of Texas Roadhouse from $220.00 to $230.00 and gave the stock an “overweight” rating in a research report on Friday, August 7th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $235.00 price objective on shares of Texas Roadhouse in a research report on Monday, August 3rd. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Texas Roadhouse has a consensus rating of “Moderate Buy” and a consensus price target of $207.68.

Texas Roadhouse Trading Down 0.3%

Shares of Texas Roadhouse stock traded down $0.43 during trading hours on Thursday, hitting $169.83. The company’s stock had a trading volume of 130,059 shares, compared to its average volume of 1,067,458. Texas Roadhouse has a 1-year low of $153.82 and a 1-year high of $216.30. The business has a fifty day moving average of $180.02 and a 200 day moving average of $179.50. The company has a market capitalization of $11.15 billion, a PE ratio of 27.17, a P/E/G ratio of 1.68 and a beta of 0.80. The company has a quick ratio of 0.39, a current ratio of 0.46 and a debt-to-equity ratio of 0.03.

Texas Roadhouse (NASDAQ:TXRH) last released its quarterly earnings data on Thursday, August 6th. The restaurant operator reported $1.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.83 by $0.02. Texas Roadhouse had a net margin of 6.63% and a return on equity of 27.20%. The company had revenue of $1.68 billion during the quarter, compared to analyst estimates of $1.67 billion. During the same quarter in the prior year, the business earned $1.86 earnings per share. The business’s quarterly revenue was up 11.1% compared to the same quarter last year. As a group, equities analysts forecast that Texas Roadhouse will post 6.57 EPS for the current year.

Insider Buying and Selling at Texas Roadhouse

In related news, Director Donna Epps sold 820 shares of the firm’s stock in a transaction on Monday, August 17th. The shares were sold at an average price of $206.56, for a total transaction of $169,379.20. Following the completion of the sale, the director directly owned 4,042 shares of the company’s stock, valued at approximately $834,915.52. This trade represents a 16.87% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Gregory Moore sold 3,000 shares of the firm’s stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $208.32, for a total transaction of $624,960.00. Following the sale, the director directly owned 26,900 shares of the company’s stock, valued at approximately $5,603,808. The trade was a 10.03% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 19,970 shares of company stock worth $4,061,808. 0.50% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Texas Roadhouse

Large investors have recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new stake in Texas Roadhouse during the 2nd quarter valued at $1,273,173,000. Wellington Management Group LLP grew its holdings in Texas Roadhouse by 8.4% during the 2nd quarter. Wellington Management Group LLP now owns 1,541,791 shares of the restaurant operator’s stock valued at $297,920,000 after purchasing an additional 119,803 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in Texas Roadhouse by 4.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 864,006 shares of the restaurant operator’s stock valued at $142,670,000 after purchasing an additional 34,385 shares in the last quarter. Bessemer Group Inc. grew its holdings in Texas Roadhouse by 38.1% during the 1st quarter. Bessemer Group Inc. now owns 732,411 shares of the restaurant operator’s stock valued at $120,951,000 after purchasing an additional 202,241 shares in the last quarter. Finally, Bank of America Corp DE acquired a new stake in Texas Roadhouse during the 2nd quarter valued at $113,993,000. 94.82% of the stock is owned by institutional investors and hedge funds.

About Texas Roadhouse

Texas Roadhouse, Inc (NASDAQ: TXRH) operates full-service casual dining restaurants under the Texas Roadhouse, Bubba’s 33 and Jaggers brands. Its restaurants serve made-from-scratch meals centered on hand-cut steaks, ribs, chicken, seafood, burgers and other American-style dishes, along with freshly baked rolls and a selection of beverages.

Founded in 1993, Texas Roadhouse began with its first restaurant in Clarksville, Indiana. The company’s restaurant network includes company-owned and franchised locations across the United States, as well as international locations.