Texas Roadhouse (NASDAQ:TXRH) Stock Rating Lowered by Wall Street Zen

Texas Roadhouse (NASDAQ:TXRH) was downgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a note issued to investors on Saturday.

A number of other equities research analysts have also recently weighed in on TXRH. Truist Financial dropped their price target on Texas Roadhouse from $188.00 to $186.00 and set a “hold” rating on the stock in a research note on Friday, February 20th. Wells Fargo & Company lifted their price objective on shares of Texas Roadhouse from $195.00 to $220.00 and gave the stock an “overweight” rating in a research report on Thursday, January 22nd. Royal Bank Of Canada decreased their price objective on shares of Texas Roadhouse from $185.00 to $175.00 and set a “sector perform” rating on the stock in a report on Friday, November 7th. UBS Group reissued a “buy” rating on shares of Texas Roadhouse in a research report on Monday, November 10th. Finally, Stephens lifted their target price on shares of Texas Roadhouse from $168.00 to $180.00 and gave the stock an “equal weight” rating in a report on Friday, February 20th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and thirteen have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $196.55.

Texas Roadhouse Stock Performance

Shares of NASDAQ:TXRH opened at $171.54 on Friday. Texas Roadhouse has a 52-week low of $148.73 and a 52-week high of $199.99. The company has a market capitalization of $11.35 billion, a P/E ratio of 28.17, a price-to-earnings-growth ratio of 1.90 and a beta of 0.86. The company has a 50-day simple moving average of $182.52 and a 200 day simple moving average of $173.70.

Texas Roadhouse (NASDAQ:TXRH) last announced its quarterly earnings results on Thursday, February 19th. The restaurant operator reported $1.28 earnings per share for the quarter, missing analysts’ consensus estimates of $1.53 by ($0.25). Texas Roadhouse had a return on equity of 27.88% and a net margin of 6.90%.The business had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.50 billion. During the same period last year, the firm earned $1.73 EPS. Texas Roadhouse’s quarterly revenue was up 3.1% compared to the same quarter last year. As a group, equities analysts forecast that Texas Roadhouse will post 7.23 earnings per share for the current year.

Insider Transactions at Texas Roadhouse

In related news, Director Gregory N. Moore sold 1,700 shares of the firm’s stock in a transaction dated Friday, March 6th. The shares were sold at an average price of $171.59, for a total transaction of $291,703.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Donna E. Epps sold 850 shares of the stock in a transaction that occurred on Friday, March 6th. The stock was sold at an average price of $172.45, for a total transaction of $146,582.50. Following the transaction, the director owned 4,892 shares in the company, valued at approximately $843,625.40. The trade was a 14.80% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 12,550 shares of company stock valued at $2,353,936. 0.50% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Texas Roadhouse

Several institutional investors have recently made changes to their positions in TXRH. SHP Wealth Management acquired a new position in shares of Texas Roadhouse in the 4th quarter valued at approximately $309,000. Caitong International Asset Management Co. Ltd bought a new stake in shares of Texas Roadhouse during the 4th quarter worth approximately $125,000. MidFirst Bank acquired a new stake in shares of Texas Roadhouse during the 4th quarter worth approximately $1,539,000. DGS Capital Management LLC acquired a new stake in shares of Texas Roadhouse during the 4th quarter worth approximately $310,000. Finally, Kera Capital Partners Inc. bought a new position in Texas Roadhouse in the fourth quarter valued at approximately $216,000. 94.82% of the stock is currently owned by institutional investors.

About Texas Roadhouse

Texas Roadhouse, Inc is a casual dining restaurant chain specializing in hand‐cut steaks, fall‐off‐the‐bone ribs, chicken, seafood and house specialties. Each restaurant features a Western‐themed décor, open kitchens and a signature line dance presentation of fresh, made‐from‐scratch sides and breads. The company emphasizes an energetic dining experience, focusing on hospitality, value and a family‐friendly environment.

The concept was created in 1993 by founder Kent Taylor, who sought to combine high‐quality steaks with an approachable, community‐oriented atmosphere.