Texas Roadhouse (NASDAQ:TXRH) Downgraded by Gordon Haskett to “Hold”

Gordon Haskett cut shares of Texas Roadhouse (NASDAQ:TXRH) from a buy rating to a hold rating in a research report report published on Wednesday, Marketbeat reports. The firm currently has $192.00 price target on the restaurant operator’s stock.

A number of other research firms also recently weighed in on TXRH. Truist Financial boosted their price target on shares of Texas Roadhouse from $202.00 to $207.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. The Goldman Sachs Group started coverage on shares of Texas Roadhouse in a research note on Thursday, December 5th. They set a “neutral” rating and a $213.00 price target for the company. BMO Capital Markets boosted their price target on shares of Texas Roadhouse from $155.00 to $162.00 and gave the stock a “market perform” rating in a research note on Friday, October 25th. Guggenheim upped their target price on shares of Texas Roadhouse from $190.00 to $195.00 and gave the company a “buy” rating in a research note on Wednesday, September 25th. Finally, UBS Group upped their target price on shares of Texas Roadhouse from $200.00 to $210.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Fourteen analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, Texas Roadhouse presently has a consensus rating of “Hold” and an average target price of $190.26.

Texas Roadhouse Trading Up 0.4 %

Shares of TXRH stock opened at $182.05 on Wednesday. Texas Roadhouse has a 1 year low of $115.48 and a 1 year high of $206.04. The firm’s 50 day moving average is $190.85 and its 200-day moving average is $178.42. The firm has a market capitalization of $12.15 billion, a price-to-earnings ratio of 31.28, a PEG ratio of 1.59 and a beta of 1.01.

Texas Roadhouse (NASDAQ:TXRH) last posted its quarterly earnings results on Thursday, October 24th. The restaurant operator reported $1.26 earnings per share for the quarter, missing analysts’ consensus estimates of $1.32 by ($0.06). The business had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.27 billion. Texas Roadhouse had a return on equity of 31.33% and a net margin of 7.65%. The company’s quarterly revenue was up 13.5% on a year-over-year basis. During the same period last year, the firm earned $0.95 earnings per share. On average, equities research analysts forecast that Texas Roadhouse will post 6.39 earnings per share for the current fiscal year.

Texas Roadhouse Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 10th were issued a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.34%. The ex-dividend date of this dividend was Tuesday, December 10th. Texas Roadhouse’s dividend payout ratio (DPR) is currently 41.92%.

Insider Buying and Selling

In related news, Director Donna E. Epps sold 610 shares of the business’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $195.66, for a total value of $119,352.60. Following the transaction, the director now directly owns 3,532 shares of the company’s stock, valued at approximately $691,071.12. The trade was a 14.73 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CTO Hernan E. Mujica sold 1,500 shares of the company’s stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $202.26, for a total transaction of $303,390.00. Following the sale, the chief technology officer now directly owns 16,342 shares in the company, valued at approximately $3,305,332.92. This trade represents a 8.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.50% of the stock is owned by insiders.

Institutional Investors Weigh In On Texas Roadhouse

Institutional investors have recently added to or reduced their stakes in the business. Hantz Financial Services Inc. lifted its holdings in Texas Roadhouse by 8,594.4% during the third quarter. Hantz Financial Services Inc. now owns 3,130 shares of the restaurant operator’s stock valued at $553,000 after purchasing an additional 3,094 shares during the last quarter. Massachusetts Financial Services Co. MA purchased a new stake in Texas Roadhouse during the third quarter valued at about $17,853,000. Victory Capital Management Inc. lifted its holdings in Texas Roadhouse by 194.9% during the third quarter. Victory Capital Management Inc. now owns 67,733 shares of the restaurant operator’s stock valued at $11,962,000 after purchasing an additional 44,768 shares during the last quarter. Thrivent Financial for Lutherans lifted its holdings in Texas Roadhouse by 0.9% during the third quarter. Thrivent Financial for Lutherans now owns 483,045 shares of the restaurant operator’s stock valued at $85,306,000 after purchasing an additional 4,391 shares during the last quarter. Finally, Captrust Financial Advisors increased its position in shares of Texas Roadhouse by 72.8% during the third quarter. Captrust Financial Advisors now owns 15,727 shares of the restaurant operator’s stock valued at $2,777,000 after buying an additional 6,624 shares during the period. 94.82% of the stock is owned by hedge funds and other institutional investors.

Texas Roadhouse Company Profile

Texas Roadhouse, Inc, together with its subsidiaries, operates casual dining restaurants in the United States and internationally. It also operates and franchises restaurants under the Texas Roadhouse, Bubba's 33, and Jaggers names in 49 states and ten internationally. Texas Roadhouse, Inc was founded in 1993 and is based in Louisville, Kentucky.