The Texas Roadhouse Inc. (TXRH) Upgrade at The Zacks Investment Research

The Texas Roadhouse Inc. (TXRH) Upgrade at The Zacks Investment Research

Texas Roadhouse Inc. (NASDAQ:TXRH) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued on Wednesday.

According to Zacks, “Texas Roadhouse is a growing, moderately priced, full service restaurant chain. They offer an assortment of specially seasoned and aged steaks hand-cut daily in every restaurant and cooked to order over open gas-fired grills. They also offer their customers, whom they call their guests, a selection of ribs, fish, chicken and vegetable plates, an assortment of hamburgers, salads and sandwiches. “

A number of other analysts have also recently weighed in on the stock. KeyCorp reissued a “buy” rating and set a $50.00 target price on shares of Texas Roadhouse in a report on Tuesday, August 16th. Jefferies Group cut shares of Texas Roadhouse from a “hold” rating to an “underperform” rating and set a $37.00 target price on the stock. in a report on Tuesday, July 26th. Maxim Group raised shares of Texas Roadhouse from a “hold” rating to a “buy” rating and set a $48.00 target price on the stock in a report on Tuesday, October 18th. Stifel Nicolaus cut shares of Texas Roadhouse from a “buy” rating to a “hold” rating and dropped their target price for the stock from $50.00 to $47.00 in a report on Tuesday, July 26th. Finally, Telsey Advisory Group cut shares of Texas Roadhouse from an “outperform” rating to a “market perform” rating and set a $48.00 target price on the stock. in a report on Tuesday, July 26th. Two investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating and four have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $44.50.

Shares of Texas Roadhouse (NASDAQ:TXRH) traded up 0.88% on Wednesday, reaching $47.97. 313,324 shares of the company’s stock traded hands. The company has a 50 day moving average of $41.35 and a 200-day moving average of $43.79. Texas Roadhouse has a 52 week low of $33.80 and a 52 week high of $48.99. The stock has a market capitalization of $3.38 billion, a PE ratio of 28.90 and a beta of 0.50.

Texas Roadhouse (NASDAQ:TXRH) last issued its earnings results on Tuesday, November 1st. The company reported $0.36 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.37 by $0.01. The business had revenue of $481.64 million for the quarter, compared to analyst estimates of $483.97 million. Texas Roadhouse had a return on equity of 17.05% and a net margin of 6.01%. The firm’s revenue for the quarter was down 58.5% on a year-over-year basis. During the same period last year, the company posted $0.29 earnings per share. Equities research analysts forecast that Texas Roadhouse will post $1.77 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 30th. Stockholders of record on Wednesday, December 14th will be given a dividend of $0.19 per share. The ex-dividend date of this dividend is Monday, December 12th. This represents a $0.76 annualized dividend and a dividend yield of 1.58%. Texas Roadhouse’s dividend payout ratio (DPR) is 46.06%.

In other Texas Roadhouse news, CEO Wayne Kent Taylor sold 100,000 shares of the company’s stock in a transaction dated Thursday, November 10th. The shares were sold at an average price of $44.55, for a total transaction of $4,455,000.00. Following the completion of the sale, the chief executive officer now directly owns 4,127,152 shares of the company’s stock, valued at $183,864,621.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider S. Chris Jacobsen sold 5,996 shares of the company’s stock in a transaction dated Wednesday, November 9th. The shares were sold at an average price of $42.00, for a total transaction of $251,832.00. Following the sale, the insider now directly owns 13,476 shares of the company’s stock, valued at $565,992. The disclosure for this sale can be found here. Insiders own 7.40% of the company’s stock.

A number of hedge funds have recently bought and sold shares of TXRH. Advantus Capital Management Inc raised its stake in Texas Roadhouse by 1.8% in the third quarter. Advantus Capital Management Inc now owns 7,801 shares of the company’s stock worth $304,000 after buying an additional 137 shares in the last quarter. LPL Financial LLC raised its stake in Texas Roadhouse by 0.7% in the first quarter. LPL Financial LLC now owns 23,155 shares of the company’s stock worth $1,002,000 after buying an additional 159 shares during the period. Seven Bridges Advisors LLC raised its stake in Texas Roadhouse by 3.0% in the second quarter. Seven Bridges Advisors LLC now owns 6,239 shares of the company’s stock worth $284,000 after buying an additional 184 shares during the period. GSA Capital Partners LLP raised its stake in Texas Roadhouse by 0.9% in the second quarter. GSA Capital Partners LLP now owns 23,556 shares of the company’s stock worth $1,074,000 after buying an additional 200 shares during the period. Finally, Regent Investment Management LLC raised its stake in Texas Roadhouse by 3.6% in the third quarter. Regent Investment Management LLC now owns 5,700 shares of the company’s stock worth $222,000 after buying an additional 200 shares during the period. 88.14% of the stock is owned by institutional investors.

Texas Roadhouse Company Profile

Texas Roadhouse, Inc is a restaurant company, which operates in the casual dining segment. The Company offers an assortment of seasoned and aged steaks hand-cut daily on the premises and cooked to order over open grills. In addition to steaks, the Company also offers its guests a selection of ribs, fish, seafood, chicken, pork chops, pulled pork and vegetable plates, and an assortment of hamburgers, salads and sandwiches.

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