Texas Roadhouse (TXRH) Given “Hold” Rating at Wedbush

Wedbush restated their hold rating on shares of Texas Roadhouse (NASDAQ:TXRH) in a research note released on Monday morning. They currently have a $62.00 target price on the restaurant operator’s stock.

TXRH has been the subject of several other research reports. Stifel Nicolaus lowered Texas Roadhouse from a buy rating to a hold rating and set a $70.00 price target for the company. in a research note on Tuesday, January 22nd. BidaskClub raised Texas Roadhouse from a buy rating to a strong-buy rating in a research note on Thursday, January 10th. Loop Capital assumed coverage on Texas Roadhouse in a research note on Wednesday, October 24th. They issued a hold rating and a $73.00 target price for the company. Gordon Haskett assumed coverage on Texas Roadhouse in a research note on Thursday, October 18th. They issued an underperform rating and a $60.00 target price for the company. Finally, Zacks Investment Research lowered Texas Roadhouse from a hold rating to a strong sell rating in a research note on Friday, November 2nd. Four equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and seven have assigned a buy rating to the company’s stock. Texas Roadhouse currently has a consensus rating of Hold and a consensus price target of $65.00.

Shares of TXRH stock opened at $64.00 on Monday. Texas Roadhouse has a 12-month low of $54.32 and a 12-month high of $75.24. The stock has a market cap of $4.54 billion, a price-to-earnings ratio of 32.49, a PEG ratio of 2.11 and a beta of 0.71.

In other Texas Roadhouse news, President Scott Matthew Colosi sold 6,741 shares of the company’s stock in a transaction that occurred on Wednesday, January 9th. The stock was sold at an average price of $63.22, for a total transaction of $426,166.02. Following the completion of the transaction, the president now owns 68,202 shares of the company’s stock, valued at approximately $4,311,730.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 5.89% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TXRH. Oregon Public Employees Retirement Fund raised its position in Texas Roadhouse by 5,870.0% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 1,541,514 shares of the restaurant operator’s stock valued at $26,000 after purchasing an additional 1,515,693 shares during the last quarter. FMR LLC raised its position in Texas Roadhouse by 44.9% during the 2nd quarter. FMR LLC now owns 2,170,345 shares of the restaurant operator’s stock valued at $142,179,000 after purchasing an additional 672,768 shares during the last quarter. GW&K Investment Management LLC raised its position in Texas Roadhouse by 43.0% during the 3rd quarter. GW&K Investment Management LLC now owns 1,001,594 shares of the restaurant operator’s stock valued at $69,400,000 after purchasing an additional 301,378 shares during the last quarter. Vanguard Group Inc raised its position in Texas Roadhouse by 4.9% during the 3rd quarter. Vanguard Group Inc now owns 6,042,344 shares of the restaurant operator’s stock valued at $418,675,000 after purchasing an additional 284,604 shares during the last quarter. Finally, Vanguard Group Inc. raised its position in Texas Roadhouse by 4.9% during the 3rd quarter. Vanguard Group Inc. now owns 6,042,344 shares of the restaurant operator’s stock valued at $418,675,000 after purchasing an additional 284,604 shares during the last quarter. 91.93% of the stock is owned by institutional investors and hedge funds.

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 October 29, 2018, it owned and operated approximately 575 restaurants. Texas Roadhouse, Inc was founded in 1993 and is based in Louisville, Kentucky.

See Also: What does EPS mean?

Analyst Recommendations for Texas Roadhouse (NASDAQ:TXRH)

Receive News & Ratings for Texas Roadhouse Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Texas Roadhouse and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply