TXRH has been the topic of a number of other reports. UBS Group cut their price target on Texas Roadhouse from $70.00 to $50.00 and set a neutral rating on the stock in a research note on Tuesday, May 5th. Zacks Investment Research lowered shares of Texas Roadhouse from a buy rating to a hold rating in a report on Saturday, July 11th. Stephens upped their price target on shares of Texas Roadhouse from $55.00 to $62.00 and gave the company an overweight rating in a research report on Monday, July 13th. Jefferies Financial Group boosted their price objective on shares of Texas Roadhouse from $37.00 to $41.00 and gave the stock a hold rating in a research note on Wednesday, April 22nd. Finally, Deutsche Bank decreased their price objective on Texas Roadhouse from $60.00 to $47.00 and set a hold rating for the company in a report on Wednesday, May 6th. One research analyst has rated the stock with a sell rating, eighteen have assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. Texas Roadhouse currently has a consensus rating of Hold and an average target price of $57.92.
Shares of NASDAQ:TXRH opened at $56.19 on Wednesday. Texas Roadhouse has a one year low of $25.15 and a one year high of $72.49. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.97 and a quick ratio of 0.91. The company has a market cap of $3.89 billion, a price-to-earnings ratio of 28.24, a PEG ratio of 39.88 and a beta of 0.94. The firm has a 50 day simple moving average of $51.55 and a 200 day simple moving average of $51.88.
Texas Roadhouse (NASDAQ:TXRH) last announced its quarterly earnings results on Monday, May 4th. The restaurant operator reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.25). Texas Roadhouse had a return on equity of 15.33% and a net margin of 5.15%. The company had revenue of $652.50 million for the quarter, compared to analyst estimates of $663.22 million. During the same quarter last year, the company posted $0.70 earnings per share. The firm’s quarterly revenue was down 5.5% on a year-over-year basis. As a group, analysts expect that Texas Roadhouse will post 0.14 EPS for the current year.
Several institutional investors have recently added to or reduced their stakes in the stock. Acadian Asset Management LLC bought a new position in Texas Roadhouse during the first quarter worth $35,000. First Quadrant L P CA purchased a new stake in Texas Roadhouse during the first quarter worth about $47,000. Cerebellum GP LLC bought a new stake in Texas Roadhouse in the second quarter worth about $122,000. Advisor Group Holdings Inc. purchased a new position in Texas Roadhouse in the first quarter valued at about $151,000. Finally, Nelson Van Denburg & Campbell Wealth Management Group LLC bought a new position in shares of Texas Roadhouse during the 1st quarter valued at approximately $166,000. Institutional investors own 90.08% of the company’s stock.
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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