Texas Roadhouse (NASDAQ:TXRH) Earns Market Perform Rating from Telsey Advisory Group

Texas Roadhouse (NASDAQ:TXRH)‘s stock had its “market perform” rating reissued by stock analysts at Telsey Advisory Group in a note issued to investors on Tuesday, July 30th, MarketBeat.com reports. They currently have a $60.00 price objective on the restaurant operator’s stock, up from their previous price objective of $58.00. Telsey Advisory Group’s price target indicates a potential upside of 22.00% from the company’s previous close.

Several other equities analysts also recently commented on the company. UBS Group began coverage on Texas Roadhouse in a research note on Friday, April 26th. They issued a “neutral” rating and a $65.00 price objective on the stock. KeyCorp began coverage on Texas Roadhouse in a research report on Tuesday, July 23rd. They set a “sector weight” rating on the stock. Maxim Group restated a “buy” rating and set a $66.00 target price (up previously from $63.00) on shares of Texas Roadhouse in a research report on Friday, July 26th. Wells Fargo & Co dropped their target price on Texas Roadhouse from $63.00 to $58.00 and set a “market perform” rating on the stock in a research report on Tuesday, April 30th. Finally, Evercore ISI began coverage on shares of Texas Roadhouse in a report on Tuesday, June 11th. They issued an “in-line” rating and a $55.00 price target on the stock. Three equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and eight have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $62.70.

Shares of NASDAQ TXRH traded down $0.29 during midday trading on Tuesday, reaching $49.18. The company’s stock had a trading volume of 739,137 shares, compared to its average volume of 950,192. Texas Roadhouse has a 12-month low of $48.64 and a 12-month high of $75.24. The firm has a 50 day moving average price of $53.88 and a 200-day moving average price of $57.30. The stock has a market capitalization of $3.42 billion, a P/E ratio of 22.35, a PEG ratio of 1.99 and a beta of 0.60. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.61 and a quick ratio of 0.56.

Texas Roadhouse (NASDAQ:TXRH) last posted its quarterly earnings data on Monday, July 29th. The restaurant operator reported $0.63 EPS for the quarter, beating the consensus estimate of $0.62 by $0.01. Texas Roadhouse had a return on equity of 16.30% and a net margin of 5.99%. The business had revenue of $689.80 million for the quarter, compared to the consensus estimate of $688.11 million. During the same quarter in the prior year, the business earned $0.62 earnings per share. Texas Roadhouse’s revenue for the quarter was up 9.6% on a year-over-year basis. On average, equities analysts predict that Texas Roadhouse will post 2.29 EPS for the current year.

In other Texas Roadhouse news, insider S. Chris Jacobsen sold 2,500 shares of Texas Roadhouse stock in a transaction that occurred on Tuesday, July 30th. The shares were sold at an average price of $60.00, for a total value of $150,000.00. Following the completion of the sale, the insider now owns 21,197 shares of the company’s stock, valued at approximately $1,271,820. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Gregory N. Moore sold 23,000 shares of Texas Roadhouse stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $55.53, for a total transaction of $1,277,190.00. The disclosure for this sale can be found here. 5.89% of the stock is currently owned by company insiders.

Several institutional investors have recently modified their holdings of TXRH. Truvestments Capital LLC purchased a new stake in Texas Roadhouse in the 2nd quarter worth $29,000. Advisory Services Network LLC lifted its stake in Texas Roadhouse by 49.6% in the 2nd quarter. Advisory Services Network LLC now owns 603 shares of the restaurant operator’s stock worth $32,000 after purchasing an additional 200 shares in the last quarter. Steward Partners Investment Advisory LLC purchased a new stake in Texas Roadhouse in the 2nd quarter worth $47,000. Tower Research Capital LLC TRC lifted its stake in Texas Roadhouse by 1,573.8% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,021 shares of the restaurant operator’s stock worth $55,000 after purchasing an additional 960 shares in the last quarter. Finally, FTB Advisors Inc. lifted its stake in Texas Roadhouse by 129.8% in the 2nd quarter. FTB Advisors Inc. now owns 1,110 shares of the restaurant operator’s stock worth $59,000 after purchasing an additional 627 shares in the last quarter. Institutional investors and hedge funds own 87.71% 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 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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