UBS Group Begins Coverage on Texas Roadhouse (TXRH)

Equities researchers at UBS Group initiated coverage on shares of Texas Roadhouse (NASDAQ:TXRH) in a research report issued to clients and investors on Friday, The Fly reports. The firm set a “neutral” rating on the restaurant operator’s stock.

TXRH has been the subject of a number of other research reports. ValuEngine lowered Texas Roadhouse from a “buy” rating to a “hold” rating in a report on Friday, March 15th. BidaskClub lowered Texas Roadhouse from a “hold” rating to a “sell” rating in a report on Thursday, April 11th. Wedbush reaffirmed a “hold” rating and set a $62.00 target price on shares of Texas Roadhouse in a report on Wednesday, February 20th. Stifel Nicolaus lowered Texas Roadhouse from a “buy” rating to a “hold” rating and set a $70.00 target price for the company. in a report on Tuesday, January 22nd. Finally, Goldman Sachs Group raised Texas Roadhouse from a “neutral” rating to a “buy” rating and lifted their target price for the company from $64.00 to $72.00 in a report on Friday, January 11th. Four analysts have rated the stock with a sell rating, eleven have given a hold rating and six have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $65.71.

Shares of Texas Roadhouse stock opened at $60.75 on Friday. Texas Roadhouse has a 52-week low of $56.33 and a 52-week high of $75.24. The stock has a market capitalization of $4.28 billion, a P/E ratio of 27.61, a PEG ratio of 2.04 and a beta of 0.67.

Texas Roadhouse (NASDAQ:TXRH) last announced its quarterly earnings data on Tuesday, February 19th. The restaurant operator reported $0.42 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.40 by $0.02. The business had revenue of $605.91 million for the quarter, compared to analysts’ expectations of $599.06 million. Texas Roadhouse had a return on equity of 17.06% and a net margin of 6.44%. The firm’s quarterly revenue was up 11.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.40 EPS. On average, equities analysts anticipate that Texas Roadhouse will post 2.47 earnings per share for the current fiscal year.

In other news, COO Douglas W. Thompson sold 6,000 shares of the business’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $59.07, for a total transaction of $354,420.00. Following the completion of the transaction, the chief operating officer now owns 45,530 shares of the company’s stock, valued at $2,689,457.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Scott Matthew Colosi sold 34,247 shares of the business’s stock in a transaction dated Friday, February 22nd. The stock was sold at an average price of $62.39, for a total value of $2,136,670.33. Following the transaction, the president now directly owns 121,388 shares of the company’s stock, valued at approximately $7,573,397.32. The disclosure for this sale can be found here. Insiders have sold 43,247 shares of company stock valued at $2,673,820 in the last three months. 5.89% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently modified their holdings of TXRH. Morgan Stanley lifted its position in Texas Roadhouse by 52.2% in the 3rd quarter. Morgan Stanley now owns 405,107 shares of the restaurant operator’s stock worth $28,069,000 after buying an additional 139,001 shares during the last quarter. Quantamental Technologies LLC bought a new stake in Texas Roadhouse in the 4th quarter worth approximately $201,000. Sawgrass Asset Management LLC lifted its position in Texas Roadhouse by 8.3% in the 4th quarter. Sawgrass Asset Management LLC now owns 7,485 shares of the restaurant operator’s stock worth $447,000 after buying an additional 575 shares during the last quarter. Vanguard Group Inc lifted its position in Texas Roadhouse by 4.9% in the 3rd quarter. Vanguard Group Inc now owns 6,042,344 shares of the restaurant operator’s stock worth $418,675,000 after buying an additional 284,604 shares during the last quarter. Finally, Vanguard Group Inc. lifted its position in Texas Roadhouse by 4.9% in the 3rd quarter. Vanguard Group Inc. now owns 6,042,344 shares of the restaurant operator’s stock worth $418,675,000 after buying an additional 284,604 shares during the last quarter. 89.38% of the stock is owned by institutional investors.

About Texas Roadhouse

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 February 19, 2019, it owned and operated approximately 580 restaurants. Texas Roadhouse, Inc was founded in 1993 and is based in Louisville, Kentucky.

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Analyst Recommendations for Texas Roadhouse (NASDAQ:TXRH)

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