Longbow Research Lowers Texas Roadhouse (TXRH) to Neutral

Texas Roadhouse (NASDAQ:TXRH) was downgraded by Longbow Research from a “buy” rating to a “neutral” rating in a research note issued to investors on Tuesday, The Fly reports.

TXRH has been the topic of several other research reports. Jefferies Group raised shares of Texas Roadhouse from an “underperform” rating to a “hold” rating and boosted their price target for the company from $41.00 to $50.00 in a report on Saturday, December 30th. BidaskClub raised shares of Texas Roadhouse from a “hold” rating to a “buy” rating in a report on Friday, March 30th. Zacks Investment Research lowered shares of Texas Roadhouse from a “hold” rating to a “sell” rating in a report on Saturday, January 6th. Wedbush reissued a “buy” rating and issued a $64.00 price target on shares of Texas Roadhouse in a report on Thursday, April 5th. Finally, Barclays reissued an “overweight” rating and issued a $62.00 price target (up previously from $55.00) on shares of Texas Roadhouse in a report on Tuesday, January 16th. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and eleven have issued a buy rating to the company’s stock. Texas Roadhouse currently has an average rating of “Hold” and an average target price of $58.81.

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Shares of TXRH stock opened at $62.40 on Tuesday. The firm has a market cap of $4,367.59, a P/E ratio of 31.68, a P/E/G ratio of 2.05 and a beta of 0.59. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.73 and a current ratio of 0.78. Texas Roadhouse has a 1 year low of $43.87 and a 1 year high of $62.69.

Texas Roadhouse (NASDAQ:TXRH) last announced its quarterly earnings results on Tuesday, February 20th. The restaurant operator reported $0.40 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.03. The firm had revenue of $545.10 million for the quarter, compared to analyst estimates of $545.24 million. Texas Roadhouse had a net margin of 5.93% and a return on equity of 17.20%. The business’s revenue for the quarter was up 12.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.29 EPS. analysts predict that Texas Roadhouse will post 2.35 EPS for the current year.

In related news, Director Kathy Widmer sold 8,000 shares of the company’s stock in a transaction dated Monday, March 26th. The shares were sold at an average price of $56.51, for a total transaction of $452,080.00. Following the transaction, the director now owns 10,950 shares in the company, valued at approximately $618,784.50. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CMO S. Chris Jacobsen sold 1,134 shares of the company’s stock in a transaction dated Friday, January 26th. The stock was sold at an average price of $60.00, for a total transaction of $68,040.00. Following the transaction, the chief marketing officer now owns 16,899 shares in the company, valued at approximately $1,013,940. The disclosure for this sale can be found here. In the last ninety days, insiders sold 32,178 shares of company stock worth $1,852,664. 5.89% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Envestnet Asset Management Inc. lifted its position in Texas Roadhouse by 22.1% during the 4th quarter. Envestnet Asset Management Inc. now owns 15,537 shares of the restaurant operator’s stock worth $818,000 after buying an additional 2,807 shares in the last quarter. We Are One Seven LLC acquired a new position in Texas Roadhouse during the 4th quarter worth about $377,000. MetLife Investment Advisors LLC acquired a new position in Texas Roadhouse during the 4th quarter worth about $3,815,000. Castleark Management LLC acquired a new position in Texas Roadhouse during the 4th quarter worth about $5,578,000. Finally, Vident Investment Advisory LLC lifted its position in Texas Roadhouse by 78.8% during the 4th quarter. Vident Investment Advisory LLC now owns 9,460 shares of the restaurant operator’s stock worth $498,000 after buying an additional 4,170 shares in the last quarter. Institutional investors and hedge funds own 87.64% of the company’s stock.

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About Texas Roadhouse

Texas Roadhouse, Inc is a restaurant company, which operates in the casual dining segment. The Company offers an assortment of seasoned and aged steaks, all cooked over open grills and all but one hand cut daily on the premises. Its restaurants offer a range of menu items at prices that are designed to appeal to a range of consumer tastes.

The Fly

Analyst Recommendations for Texas Roadhouse (NASDAQ:TXRH)

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