Texas Roadhouse (NASDAQ:TXRH) Given Buy (B) Rating at Weiss Ratings

Key Points

• Texas Roadhouse's stock has been given a "buy (B)" rating by Weiss Ratings, indicating positive sentiment from analysts.
• Several brokerages have adjusted their price targets for Texas Roadhouse stock, with Barclays raising it to $189.00 and Bank of America increasing it to $219.00.
• In the latest earnings report, Texas Roadhouse reported $1.86 earnings per share, missing expectations, but achieved a revenue of $1.51 billion, showing a 12.7% increase year-over-year.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report)'s stock had its "buy (b)" rating reissued by equities researchers at Weiss Ratings in a research report issued on Wednesday,Weiss Ratings reports.

Several other brokerages have also recently issued reports on TXRH. Barclays raised their price objective on Texas Roadhouse from $175.00 to $189.00 and gave the stock an "equal weight" rating in a research note on Thursday, July 17th. JPMorgan Chase & Co. lowered their price target on Texas Roadhouse from $200.00 to $182.00 and set a "neutral" rating on the stock in a report on Tuesday. Citigroup raised their price objective on shares of Texas Roadhouse from $180.00 to $197.00 and gave the company a "neutral" rating in a research report on Tuesday, July 29th. The Goldman Sachs Group dropped their price target on Texas Roadhouse from $200.00 to $180.00 and set a "neutral" rating on the stock in a research note on Wednesday, October 1st. Finally, Bank of America raised their price objective on Texas Roadhouse from $203.00 to $219.00 and gave the stock a "buy" rating in a research report on Friday, July 18th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and eleven have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $196.00.

Texas Roadhouse Stock Down 0.4%

NASDAQ:TXRH traded down $0.69 during midday trading on Wednesday, reaching $165.87. The stock had a trading volume of 1,091,452 shares, compared to its average volume of 1,198,773. The stock has a market cap of $11.02 billion, a P/E ratio of 25.32, a P/E/G ratio of 2.28 and a beta of 0.82. Texas Roadhouse has a 12-month low of $148.73 and a 12-month high of $206.04. The firm has a fifty day simple moving average of $170.62 and a two-hundred day simple moving average of $176.97.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last announced its earnings results on Thursday, August 7th. The restaurant operator reported $1.86 earnings per share for the quarter, missing the consensus estimate of $1.95 by ($0.09). The firm had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.50 billion. Texas Roadhouse had a net margin of 7.72% and a return on equity of 31.52%. The company's revenue for the quarter was up 12.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.79 EPS. On average, sell-side analysts anticipate that Texas Roadhouse will post 7.23 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Gregory N. Moore sold 3,000 shares of Texas Roadhouse stock in a transaction on Monday, August 18th. The stock was sold at an average price of $173.06, for a total value of $519,180.00. Following the transaction, the director owned 34,550 shares in the company, valued at approximately $5,979,223. This trade represents a 7.99% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CTO Hernan E. Mujica sold 2,189 shares of Texas Roadhouse stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $172.40, for a total value of $377,383.60. Following the transaction, the chief technology officer directly owned 17,553 shares in the company, valued at $3,026,137.20. The trade was a 11.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 8,342 shares of company stock valued at $1,443,704 over the last three months. Insiders own 0.50% of the company's stock.

Hedge Funds Weigh In On Texas Roadhouse

Several institutional investors have recently bought and sold shares of the company. UMB Bank n.a. lifted its position in shares of Texas Roadhouse by 85.5% during the first quarter. UMB Bank n.a. now owns 803 shares of the restaurant operator's stock worth $134,000 after acquiring an additional 370 shares in the last quarter. Miracle Mile Advisors LLC grew its stake in shares of Texas Roadhouse by 10.4% during the first quarter. Miracle Mile Advisors LLC now owns 2,243 shares of the restaurant operator's stock valued at $374,000 after buying an additional 212 shares during the last quarter. Park Avenue Securities LLC grew its stake in shares of Texas Roadhouse by 11.6% during the first quarter. Park Avenue Securities LLC now owns 5,854 shares of the restaurant operator's stock valued at $976,000 after buying an additional 607 shares during the last quarter. Portside Wealth Group LLC bought a new position in shares of Texas Roadhouse during the first quarter valued at about $256,000. Finally, Harbor Capital Advisors Inc. grew its stake in shares of Texas Roadhouse by 15.0% in the first quarter. Harbor Capital Advisors Inc. now owns 19,809 shares of the restaurant operator's stock worth $3,301,000 after purchasing an additional 2,585 shares during the last quarter. Hedge funds and other 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.

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