BMO Capital Markets reaffirmed their buy rating on shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) in a research note issued to investors on Wednesday, August 2nd. BMO Capital Markets currently has a $58.00 target price on the restaurant operator’s stock.
Other equities analysts have also issued research reports about the company. Zacks Investment Research upgraded Texas Roadhouse from a sell rating to a hold rating in a research note on Thursday, May 4th. Raymond James Financial, Inc. restated a market perform rating on shares of Texas Roadhouse in a research note on Tuesday, July 25th. Canaccord Genuity lifted their price target on Texas Roadhouse from $42.00 to $49.00 and gave the company a hold rating in a research note on Wednesday, May 3rd. Barclays PLC boosted their price objective on Texas Roadhouse from $47.00 to $53.00 and gave the stock an overweight rating in a research note on Tuesday, May 2nd. Finally, Jefferies Group LLC reiterated a sell rating and set a $40.00 price objective on shares of Texas Roadhouse in a research note on Friday, June 2nd. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have given a buy rating to the company. Texas Roadhouse presently has a consensus rating of Hold and a consensus price target of $50.11.
Shares of Texas Roadhouse (NASDAQ TXRH) opened at 49.43 on Wednesday. The company’s 50 day moving average price is $49.83 and its 200 day moving average price is $47.29. The stock has a market cap of $3.51 billion, a PE ratio of 29.76 and a beta of 0.54. Texas Roadhouse has a 52-week low of $37.23 and a 52-week high of $51.91.
Texas Roadhouse (NASDAQ:TXRH) last announced its quarterly earnings results on Monday, July 31st. The restaurant operator reported $0.53 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.53. Texas Roadhouse had a return on equity of 16.49% and a net margin of 5.63%. The firm had revenue of $566.30 million during the quarter, compared to analyst estimates of $563.23 million. During the same quarter in the previous year, the business earned $0.47 EPS. Texas Roadhouse’s revenue for the quarter was up 11.3% compared to the same quarter last year. On average, analysts anticipate that Texas Roadhouse will post $1.93 earnings per share for the current year.
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In related news, Director Kathy Widmer sold 5,200 shares of the company’s stock in a transaction that occurred on Wednesday, May 31st. The stock was sold at an average price of $48.97, for a total value of $254,644.00. Following the transaction, the director now directly owns 13,750 shares in the company, valued at $673,337.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider S. Chris Jacobsen sold 2,500 shares of the company’s stock in a transaction that occurred on Friday, August 11th. The shares were sold at an average price of $49.25, for a total value of $123,125.00. Following the completion of the transaction, the insider now owns 15,184 shares in the company, valued at $747,812. The disclosure for this sale can be found here. Insiders own 6.60% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. acquired a new position in Texas Roadhouse during the fourth quarter worth approximately $890,000. Norges Bank acquired a new position in Texas Roadhouse during the fourth quarter worth approximately $20,142,000. Teachers Advisors LLC boosted its position in Texas Roadhouse by 2.0% in the fourth quarter. Teachers Advisors LLC now owns 105,980 shares of the restaurant operator’s stock worth $5,112,000 after buying an additional 2,077 shares in the last quarter. Macquarie Group Ltd. boosted its position in Texas Roadhouse by 5.1% in the fourth quarter. Macquarie Group Ltd. now owns 844,024 shares of the restaurant operator’s stock worth $40,716,000 after buying an additional 41,039 shares in the last quarter. Finally, Private Trust Co. NA acquired a new position in Texas Roadhouse during the first quarter worth approximately $488,000. Hedge funds and other institutional investors own 88.41% of the company’s stock.
About Texas Roadhouse
Texas Roadhouse, Inc is a restaurant company, which operates in the casual dining segment. The Company offers an assortment of seasoned and aged steaks, all cooked over open grills and all but one hand cut daily on the premises. Its restaurants offer a range of menu items at prices that are designed to appeal to a range of consumer tastes.
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