Texas Roadhouse (NASDAQ:TXRH) had its target price upped by equities researchers at JPMorgan Chase & Co. from $59.00 to $68.00 in a research report issued on Tuesday, BenzingaRatingsTable reports. The firm presently has an “underweight” rating on the restaurant operator’s stock. JPMorgan Chase & Co.‘s price objective would indicate a potential upside of 6.22% from the company’s current price.
Other equities analysts have also recently issued reports about the stock. BidaskClub raised shares of Texas Roadhouse from a “hold” rating to a “buy” rating in a research note on Wednesday, January 29th. ValuEngine raised shares of Texas Roadhouse from a “hold” rating to a “buy” rating in a research note on Wednesday, October 30th. Morgan Stanley upped their price target on shares of Texas Roadhouse from $61.00 to $66.00 and gave the stock an “equal weight” rating in a research note on Friday, February 21st. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $71.00 price target on shares of Texas Roadhouse in a research note on Monday. They noted that the move was a valuation call. Finally, Goldman Sachs Group started coverage on shares of Texas Roadhouse in a research note on Thursday, December 12th. They set a “sell” rating and a $52.00 price target on the stock. Three analysts have rated the stock with a sell rating, thirteen have given a hold rating, six have issued a buy rating and two have issued a strong buy rating to the company’s stock. Texas Roadhouse currently has a consensus rating of “Hold” and a consensus price target of $65.86.
Shares of Texas Roadhouse stock opened at $64.02 on Tuesday. The company has a market cap of $4.59 billion, a P/E ratio of 26.02, a PEG ratio of 2.44 and a beta of 0.58. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.44 and a current ratio of 0.26. Texas Roadhouse has a one year low of $47.52 and a one year high of $72.49. The firm has a fifty day moving average of $62.15 and a two-hundred day moving average of $56.00.
Texas Roadhouse (NASDAQ:TXRH) last announced its quarterly earnings data on Thursday, February 20th. The restaurant operator reported $0.61 EPS for the quarter, topping the Zacks’ consensus estimate of $0.52 by $0.09. The company had revenue of $725.20 million during the quarter, compared to the consensus estimate of $713.68 million. Texas Roadhouse had a net margin of 6.33% and a return on equity of 18.69%. Texas Roadhouse’s quarterly revenue was up 19.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.42 EPS. As a group, equities analysts predict that Texas Roadhouse will post 2.72 earnings per share for the current year.
In related news, CMO S. Chris Jacobsen sold 2,500 shares of the stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $65.00, for a total value of $162,500.00. Following the sale, the chief marketing officer now directly owns 21,950 shares of the company’s stock, valued at approximately $1,426,750. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 5.89% of the stock is currently owned by corporate insiders.
Several institutional investors have recently added to or reduced their stakes in TXRH. Champlain Investment Partners LLC acquired a new stake in shares of Texas Roadhouse during the 4th quarter worth about $34,501,000. Millennium Management LLC boosted its stake in shares of Texas Roadhouse by 244.1% during the 3rd quarter. Millennium Management LLC now owns 688,205 shares of the restaurant operator’s stock worth $36,144,000 after purchasing an additional 488,205 shares during the last quarter. Prudential Financial Inc. boosted its stake in shares of Texas Roadhouse by 290.5% during the 4th quarter. Prudential Financial Inc. now owns 581,545 shares of the restaurant operator’s stock worth $32,752,000 after purchasing an additional 432,637 shares during the last quarter. BlackRock Inc. boosted its stake in shares of Texas Roadhouse by 3.7% during 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 during the last quarter. Finally, Victory Capital Management Inc. boosted its stake in shares of Texas Roadhouse by 20.0% during the 4th quarter. Victory Capital Management Inc. now owns 1,564,402 shares of the restaurant operator’s stock worth $97,775,000 after purchasing an additional 260,734 shares during the last quarter. 85.33% of the stock is currently owned by institutional investors.
Texas Roadhouse Company Profile
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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