Texas Roadhouse (NASDAQ:TXRH) Issues Quarterly Earnings Results

Texas Roadhouse (NASDAQ:TXRH) posted its quarterly earnings results on Thursday. The restaurant operator reported $1.73 earnings per share for the quarter, topping the consensus estimate of $1.66 by $0.07, Zacks reports. Texas Roadhouse had a net margin of 7.65% and a return on equity of 31.33%.

Texas Roadhouse Trading Down 1.4 %

TXRH traded down $2.45 during midday trading on Thursday, reaching $171.57. The company’s stock had a trading volume of 2,169,813 shares, compared to its average volume of 1,025,414. The firm has a market capitalization of $11.45 billion, a price-to-earnings ratio of 29.48, a PEG ratio of 1.28 and a beta of 1.02. Texas Roadhouse has a 1 year low of $144.82 and a 1 year high of $206.04. The stock’s 50-day moving average is $179.94 and its 200-day moving average is $180.08.

Analyst Upgrades and Downgrades

Several research firms have weighed in on TXRH. The Goldman Sachs Group began coverage on shares of Texas Roadhouse in a research note on Thursday, December 5th. They issued a “neutral” rating and a $213.00 price target for the company. Stifel Nicolaus lowered their price objective on shares of Texas Roadhouse from $195.00 to $185.00 and set a “hold” rating for the company in a research note on Friday, February 14th. Morgan Stanley raised shares of Texas Roadhouse from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $205.00 to $213.00 in a research note on Tuesday, January 21st. UBS Group upped their price objective 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. Finally, Gordon Haskett downgraded shares of Texas Roadhouse from a “buy” rating to a “hold” rating and set a $192.00 price objective for the company. in a research note on Wednesday, January 8th. Thirteen analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $190.83.

Insiders Place Their Bets

In other news, insider Christopher C. Colson sold 1,370 shares of the stock in a transaction that occurred on Friday, January 10th. The shares were sold at an average price of $179.46, for a total transaction of $245,860.20. Following the sale, the insider now owns 10,000 shares in the company, valued at $1,794,600. This represents a 12.05 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.50% of the company’s stock.

About Texas Roadhouse

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.