Texas Roadhouse, Inc. (TXRH) Earns Buy Rating from BMO Capital Markets

BMO Capital Markets reissued their buy rating on shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) in a report published on Wednesday, August 2nd. They currently have a $58.00 target price on the restaurant operator’s stock.

A number of other research analysts have also issued reports on TXRH. Maxim Group restated a buy rating and set a $52.00 target price on shares of Texas Roadhouse in a research report on Thursday, April 27th. Telsey Advisory Group increased their price target on shares of Texas Roadhouse from $46.00 to $54.00 and gave the stock a market perform rating in a research report on Tuesday, May 2nd. Royal Bank Of Canada increased their price target on shares of Texas Roadhouse from $49.00 to $53.00 and gave the stock a sector perform rating in a research report on Tuesday, May 2nd. Barclays PLC increased their price target on shares of Texas Roadhouse from $47.00 to $53.00 and gave the stock an overweight rating in a research report on Tuesday, May 2nd. Finally, Goldman Sachs Group, Inc. (The) increased their price target on shares of Texas Roadhouse from $41.00 to $44.00 and gave the stock a neutral rating in a research report on Tuesday, May 2nd. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have issued a buy rating to the company’s stock. The stock has an average rating of Hold and an average price target of $50.11.

Texas Roadhouse (NASDAQ:TXRH) traded up 0.63% during midday trading on Wednesday, reaching $49.25. The company’s stock had a trading volume of 328,273 shares. Texas Roadhouse has a 12 month low of $37.23 and a 12 month high of $51.91. The stock’s 50-day moving average price is $49.84 and its 200-day moving average price is $47.26. The firm has a market capitalization of $3.50 billion, a price-to-earnings ratio of 29.65 and a beta of 0.54.

Texas Roadhouse (NASDAQ:TXRH) last announced its earnings results on Monday, July 31st. The restaurant operator reported $0.53 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.53. Texas Roadhouse had a net margin of 5.63% and a return on equity of 16.49%. The firm had revenue of $566.30 million for the quarter, compared to analyst estimates of $563.23 million. During the same quarter in the prior year, the business posted $0.47 EPS. The business’s revenue was up 11.3% compared to the same quarter last year. Analysts predict that Texas Roadhouse will post $1.93 EPS for the current year.

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In other news, Director Kathy Widmer sold 5,200 shares of the firm’s stock in a transaction on Wednesday, May 31st. The shares were sold at an average price of $48.97, for a total transaction of $254,644.00. Following the completion of the transaction, the director now owns 13,750 shares of the company’s stock, valued at $673,337.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 7.40% of the stock is currently owned by company insiders.

Institutional investors have recently added to or reduced their stakes in the stock. Northwestern Mutual Investment Management Company LLC increased its position in Texas Roadhouse by 0.3% in the first quarter. Northwestern Mutual Investment Management Company LLC now owns 11,092 shares of the restaurant operator’s stock valued at $494,000 after buying an additional 32 shares during the last quarter. Seven Bridges Advisors LLC increased its position in Texas Roadhouse by 0.5% in the second quarter. Seven Bridges Advisors LLC now owns 8,077 shares of the restaurant operator’s stock valued at $412,000 after buying an additional 39 shares during the last quarter. PNC Financial Services Group Inc. increased its position in Texas Roadhouse by 0.3% in the first quarter. PNC Financial Services Group Inc. now owns 27,680 shares of the restaurant operator’s stock valued at $1,232,000 after buying an additional 78 shares during the last quarter. Sawtooth Solutions LLC increased its position in Texas Roadhouse by 1.9% in the second quarter. Sawtooth Solutions LLC now owns 4,926 shares of the restaurant operator’s stock valued at $251,000 after buying an additional 91 shares during the last quarter. Finally, Genesee Valley Trust Co. increased its position in Texas Roadhouse by 1.6% in the first quarter. Genesee Valley Trust Co. now owns 7,457 shares of the restaurant operator’s stock valued at $332,000 after buying an additional 121 shares during the last quarter. 88.87% of the stock is owned by hedge funds and other 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, 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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