Texas Roadhouse (NASDAQ:TXRH) Downgraded by Wall Street Zen to Sell

Wall Street Zen cut shares of Texas Roadhouse (NASDAQ:TXRH) from a hold rating to a sell rating in a research note published on Saturday.

Several other research firms have also recently weighed in on TXRH. Weiss Ratings reiterated a “buy (b-)” rating on shares of Texas Roadhouse in a research report on Thursday. Guggenheim reiterated a “buy” rating and issued a $210.00 price objective on shares of Texas Roadhouse in a research note on Tuesday, September 16th. Mizuho upgraded Texas Roadhouse to a “strong-buy” rating in a report on Tuesday, October 28th. JPMorgan Chase & Co. decreased their price objective on Texas Roadhouse from $200.00 to $182.00 and set a “neutral” rating for the company in a report on Tuesday, October 7th. Finally, The Goldman Sachs Group cut their target price on Texas Roadhouse from $200.00 to $180.00 and set a “neutral” rating on the stock in a report on Wednesday, October 1st. Two analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $192.95.

Texas Roadhouse Stock Down 0.4%

Shares of NASDAQ:TXRH opened at $167.35 on Friday. The firm has a market cap of $11.12 billion, a P/E ratio of 25.55, a P/E/G ratio of 2.50 and a beta of 0.87. Texas Roadhouse has a 12-month low of $148.73 and a 12-month high of $206.04. The business has a fifty day simple moving average of $167.11 and a 200 day simple moving average of $178.03.

Texas Roadhouse (NASDAQ:TXRH) last issued its quarterly earnings data on Thursday, November 6th. The restaurant operator reported $1.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.28 by ($0.03). The company had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.43 billion. Texas Roadhouse had a return on equity of 31.52% and a net margin of 7.72%.Texas Roadhouse’s revenue was up 12.8% compared to the same quarter last year. During the same quarter last year, the business earned $1.26 earnings per share. As a group, equities research analysts expect that Texas Roadhouse will post 7.23 EPS for the current year.

Texas Roadhouse Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 30th. Shareholders of record on Tuesday, December 2nd will be given a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend is Tuesday, December 2nd. Texas Roadhouse’s dividend payout ratio is presently 41.59%.

Insider Transactions at Texas Roadhouse

In other Texas Roadhouse news, President Regina A. Tobin sold 3,153 shares of the business’s stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $173.53, for a total value of $547,140.09. Following the transaction, the president directly owned 15,261 shares in the company, valued at $2,648,241.33. The trade was a 17.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CTO Hernan E. Mujica sold 2,189 shares of the stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $172.40, for a total transaction of $377,383.60. Following the completion of the sale, the chief technology officer directly owned 17,553 shares in the company, valued at approximately $3,026,137.20. The trade was a 11.09% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 8,342 shares of company stock worth $1,443,704 in the last 90 days. Insiders own 0.50% of the company’s stock.

Institutional Investors Weigh In On Texas Roadhouse

Hedge funds have recently added to or reduced their stakes in the company. Sigma Planning Corp raised its holdings in shares of Texas Roadhouse by 49.1% during the 1st quarter. Sigma Planning Corp now owns 2,062 shares of the restaurant operator’s stock valued at $344,000 after buying an additional 679 shares in the last quarter. Massachusetts Financial Services Co. MA raised its stake in shares of Texas Roadhouse by 31.6% during the first quarter. Massachusetts Financial Services Co. MA now owns 138,508 shares of the restaurant operator’s stock worth $23,080,000 after acquiring an additional 33,292 shares in the last quarter. Larson Financial Group LLC lifted its holdings in shares of Texas Roadhouse by 31.9% in the 1st quarter. Larson Financial Group LLC now owns 1,630 shares of the restaurant operator’s stock worth $272,000 after acquiring an additional 394 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in shares of Texas Roadhouse by 0.6% in the 1st quarter. Victory Capital Management Inc. now owns 186,027 shares of the restaurant operator’s stock worth $30,998,000 after acquiring an additional 1,018 shares during the last quarter. Finally, Cullen Frost Bankers Inc. boosted its stake in shares of Texas Roadhouse by 941.7% in the 1st quarter. Cullen Frost Bankers Inc. now owns 625 shares of the restaurant operator’s stock valued at $104,000 after purchasing an additional 565 shares in the last quarter. Institutional investors own 94.82% 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.