Texas Roadhouse (NASDAQ:TXRH) Upgraded at Wall Street Zen

Key Points

• Wall Street Zen upgraded Texas Roadhouse from a "sell" to a "hold"; the stock carries a consensus rating of Moderate Buy with a $196.70 average price target.
• Texas Roadhouse missed quarterly expectations, reporting EPS of $1.28 versus $1.53 expected and revenue of $1.48 billion versus $1.50 billion, though revenue was up 3.1% year-over-year.
• Company insiders have been sellers, offloading 22,988 shares (about $4.13M) in the past 90 days while insiders now own just 0.50% of the stock; TXRH opened recently at $163.69 with a $10.79B market cap.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) was upgraded by investment analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a note issued to investors on Saturday.

A number of other equities analysts also recently issued reports on TXRH. Truist Financial cut their price objective on shares of Texas Roadhouse from $188.00 to $186.00 and set a "hold" rating on the stock in a report on Friday, February 20th. Wells Fargo & Company lifted their price objective on shares of Texas Roadhouse from $195.00 to $220.00 and gave the stock an "overweight" rating in a report on Thursday, January 22nd. Morgan Stanley cut their price objective on shares of Texas Roadhouse from $208.00 to $202.00 and set an "overweight" rating on the stock in a report on Monday, February 23rd. Barclays set a $188.00 price objective on shares of Texas Roadhouse in a report on Friday, February 20th. Finally, Weiss Ratings reiterated a "buy (b-)" rating on shares of Texas Roadhouse in a research note on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and thirteen have given a Hold rating to the company. According to MarketBeat.com, Texas Roadhouse presently has a consensus rating of "Moderate Buy" and a consensus price target of $196.70.

Texas Roadhouse Price Performance

TXRH opened at $163.69 on Friday. The company has a market capitalization of $10.79 billion, a price-to-earnings ratio of 26.88, a P/E/G ratio of 1.78 and a beta of 0.88. The firm's fifty day moving average price is $174.61 and its two-hundred day moving average price is $173.29. Texas Roadhouse has a 1 year low of $156.00 and a 1 year high of $199.99.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last posted its quarterly earnings data on Thursday, February 19th. The restaurant operator reported $1.28 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.53 by ($0.25). The firm had revenue of $1.48 billion for the quarter, compared to analysts' expectations of $1.50 billion. Texas Roadhouse had a return on equity of 27.88% and a net margin of 6.90%.Texas Roadhouse's revenue was up 3.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.73 earnings per share. As a group, equities analysts anticipate that Texas Roadhouse will post 7.23 EPS for the current year.

Insider Activity at Texas Roadhouse

In other news, Director Gregory N. Moore sold 1,700 shares of Texas Roadhouse stock in a transaction on Friday, March 6th. The stock was sold at an average price of $171.59, for a total transaction of $291,703.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, President Regina A. Tobin sold 4,450 shares of Texas Roadhouse stock in a transaction on Thursday, March 19th. The stock was sold at an average price of $171.00, for a total value of $760,950.00. Following the sale, the president owned 13,778 shares in the company, valued at $2,356,038. The trade was a 24.41% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 22,988 shares of company stock worth $4,133,794. 0.50% of the stock is owned by company insiders.

Institutional Investors Weigh In On Texas Roadhouse

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Caldwell Trust Co bought a new stake in Texas Roadhouse in the 2nd quarter valued at about $28,000. Elyxium Wealth LLC bought a new stake in Texas Roadhouse in the 4th quarter valued at about $25,000. Princeton Global Asset Management LLC bought a new stake in Texas Roadhouse in the 4th quarter valued at about $31,000. Measured Wealth Private Client Group LLC bought a new stake in Texas Roadhouse in the 3rd quarter valued at about $33,000. Finally, Garton & Associates Financial Advisors LLC bought a new stake in Texas Roadhouse in the 4th quarter valued at about $34,000. 94.82% of the stock is currently owned by institutional investors.

About Texas Roadhouse

Texas Roadhouse, Inc is a casual dining restaurant chain specializing in hand‐cut steaks, fall‐off‐the‐bone ribs, chicken, seafood and house specialties. Each restaurant features a Western‐themed décor, open kitchens and a signature line dance presentation of fresh, made‐from‐scratch sides and breads. The company emphasizes an energetic dining experience, focusing on hospitality, value and a family‐friendly environment.

The concept was created in 1993 by founder Kent Taylor, who sought to combine high‐quality steaks with an approachable, community‐oriented atmosphere.

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