Wedbush Reaffirms Buy Rating for Texas Roadhouse (TXRH)

Texas Roadhouse (NASDAQ:TXRH)‘s stock had its “buy” rating reissued by Wedbush in a research note issued to investors on Thursday. They presently have a $64.00 target price on the restaurant operator’s stock. Wedbush’s price objective would suggest a potential upside of 5.38% from the stock’s previous close. Wedbush also issued estimates for Texas Roadhouse’s Q2 2018 earnings at $0.64 EPS, Q3 2018 earnings at $0.56 EPS, Q4 2018 earnings at $0.43 EPS, Q1 2019 earnings at $0.84 EPS, Q2 2019 earnings at $0.75 EPS, Q4 2019 earnings at $0.47 EPS and FY2019 earnings at $2.66 EPS.

TXRH has been the topic of a number of other research reports. Jefferies Group upgraded Texas Roadhouse from an “underperform” rating to a “hold” rating and increased their price target for the company from $41.00 to $50.00 in a research note on Saturday, December 30th. BidaskClub upgraded Texas Roadhouse from a “hold” rating to a “buy” rating in a research note on Friday, March 30th. Zacks Investment Research cut Texas Roadhouse from a “hold” rating to a “sell” rating in a research note on Saturday, January 6th. Barclays restated an “overweight” rating and issued a $62.00 price target (up previously from $55.00) on shares of Texas Roadhouse in a research note on Tuesday, January 16th. Finally, Telsey Advisory Group increased their price target on Texas Roadhouse from $54.00 to $58.00 and gave the company a “market perform” rating in a research note on Thursday, December 21st. One analyst has rated the stock with a sell rating, thirteen have given a hold rating and eleven have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $58.67.

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TXRH opened at $60.73 on Thursday. Texas Roadhouse has a 1-year low of $43.87 and a 1-year high of $61.74. The company has a current ratio of 0.78, a quick ratio of 0.73 and a debt-to-equity ratio of 0.06. The firm has a market capitalization of $4,253.47, a P/E ratio of 30.83, a price-to-earnings-growth ratio of 2.00 and a beta of 0.59.

Texas Roadhouse (NASDAQ:TXRH) last posted its quarterly earnings results on Tuesday, February 20th. The restaurant operator reported $0.40 earnings per share for the quarter, beating analysts’ consensus estimates of $0.37 by $0.03. Texas Roadhouse had a return on equity of 17.20% and a net margin of 5.93%. The business had revenue of $545.10 million for the quarter, compared to analysts’ expectations of $545.24 million. During the same quarter in the prior year, the business earned $0.29 EPS. The firm’s revenue for the quarter was up 12.5% on a year-over-year basis. equities analysts expect that Texas Roadhouse will post 2.35 earnings per share for the current year.

In other Texas Roadhouse news, insider S. Chris Jacobsen sold 1,500 shares of the company’s stock in a transaction on Monday, January 29th. The stock was sold at an average price of $60.00, for a total value of $90,000.00. Following the transaction, the insider now directly owns 16,899 shares of the company’s stock, valued at approximately $1,013,940. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Scott Matthew Colosi sold 22,403 shares of the company’s stock in a transaction on Tuesday, January 9th. The shares were sold at an average price of $56.43, for a total value of $1,264,201.29. Following the completion of the transaction, the chief financial officer now directly owns 96,971 shares in the company, valued at $5,472,073.53. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 64,418 shares of company stock worth $3,671,645. Insiders own 7.40% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the business. Koch Industries Inc. acquired a new position in Texas Roadhouse in the 4th quarter valued at $340,000. Retirement Systems of Alabama grew its holdings in shares of Texas Roadhouse by 127.2% during the 4th quarter. Retirement Systems of Alabama now owns 191,590 shares of the restaurant operator’s stock worth $10,093,000 after purchasing an additional 107,271 shares in the last quarter. Swiss National Bank grew its holdings in shares of Texas Roadhouse by 2.8% during the 4th quarter. Swiss National Bank now owns 115,000 shares of the restaurant operator’s stock worth $6,058,000 after purchasing an additional 3,100 shares in the last quarter. California Public Employees Retirement System grew its holdings in shares of Texas Roadhouse by 3.6% during the 4th quarter. California Public Employees Retirement System now owns 183,042 shares of the restaurant operator’s stock worth $9,643,000 after purchasing an additional 6,276 shares in the last quarter. Finally, Eaton Vance Management grew its holdings in shares of Texas Roadhouse by 50.3% during the 4th quarter. Eaton Vance Management now owns 591,142 shares of the restaurant operator’s stock worth $31,141,000 after purchasing an additional 197,951 shares in the last quarter. 87.73% of the stock is currently owned by hedge funds and other institutional investors.

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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, 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.

Analyst Recommendations for Texas Roadhouse (NASDAQ:TXRH)

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