Texas Roadhouse (NASDAQ:TXRH) Downgraded by BidaskClub

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BidaskClub downgraded shares of Texas Roadhouse (NASDAQ:TXRH) from a hold rating to a sell rating in a research note released on Friday, BidAskClub reports.

A number of other research analysts also recently weighed in on TXRH. Deutsche Bank began coverage on Texas Roadhouse in a report on Friday, June 28th. They set a hold rating and a $56.00 target price on the stock. BTIG Research upgraded Texas Roadhouse from a neutral rating to a buy rating and set a $64.00 target price on the stock in a report on Friday, May 17th. Maxim Group reiterated a buy rating and set a $66.00 target price (up previously from $63.00) on shares of Texas Roadhouse in a report on Friday, July 26th. Longbow Research upgraded Texas Roadhouse from a neutral rating to a buy rating and set a $65.00 target price on the stock in a report on Tuesday, May 7th. Finally, Evercore ISI began coverage on Texas Roadhouse in a report on Tuesday, June 11th. They set an in-line rating and a $55.00 target price 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. The company presently has an average rating of Hold and a consensus target price of $62.70.

Shares of NASDAQ:TXRH opened at $51.42 on Friday. Texas Roadhouse has a 1 year low of $49.77 and a 1 year high of $75.24. The company has a market cap of $3.48 billion, a PE ratio of 23.37, a P/E/G ratio of 1.94 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. The stock’s 50-day moving average is $54.23 and its 200 day moving average is $57.55.

Texas Roadhouse (NASDAQ:TXRH) last posted its earnings results on Monday, July 29th. The restaurant operator reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.62 by $0.01. Texas Roadhouse had a return on equity of 16.30% and a net margin of 5.99%. The firm 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 EPS. The business’s revenue for the quarter was up 9.6% on a year-over-year basis. Analysts expect that Texas Roadhouse will post 2.29 EPS for the current fiscal year.

In other news, Director Gregory N. Moore sold 23,000 shares of the 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider S. Chris Jacobsen sold 2,500 shares of the company’s stock in a transaction on Tuesday, July 30th. The stock was 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 $1,271,820. The disclosure for this sale can be found here. 5.89% of the stock is owned by corporate insiders.

Several large investors have recently bought and sold shares of the company. BlackRock Inc. increased its stake in shares of Texas Roadhouse by 3.7% in the 2nd quarter. BlackRock Inc. now owns 8,553,667 shares of the restaurant operator’s stock worth $459,074,000 after purchasing an additional 308,212 shares in the last quarter. Neuberger Berman Group LLC increased its stake in shares of Texas Roadhouse by 10.0% in the 1st quarter. Neuberger Berman Group LLC now owns 2,140,950 shares of the restaurant operator’s stock worth $133,146,000 after purchasing an additional 195,111 shares in the last quarter. Invesco Ltd. increased its stake in shares of Texas Roadhouse by 40.3% in the 2nd quarter. Invesco Ltd. now owns 1,652,249 shares of the restaurant operator’s stock worth $88,676,000 after purchasing an additional 474,621 shares in the last quarter. Northern Trust Corp increased its stake in shares of Texas Roadhouse by 0.7% in the 2nd quarter. Northern Trust Corp now owns 1,309,094 shares of the restaurant operator’s stock worth $70,260,000 after purchasing an additional 9,465 shares in the last quarter. Finally, Marshall Wace LLP increased its stake in shares of Texas Roadhouse by 91.4% in the 2nd quarter. Marshall Wace LLP now owns 1,182,711 shares of the restaurant operator’s stock worth $63,476,000 after purchasing an additional 564,897 shares in the last quarter. Hedge funds and other institutional investors own 87.64% of the company’s stock.

About Texas Roadhouse

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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