Texas Roadhouse (NASDAQ:TXRH) Rating Lowered to "Hold" at Gordon Haskett

Gordon Haskett downgraded shares of Texas Roadhouse (NASDAQ:TXRH - Free Report) from a buy rating to a hold rating in a report issued on Wednesday morning, Marketbeat reports. Gordon Haskett currently has $192.00 target price on the restaurant operator's stock.

Other equities research analysts have also recently issued reports about the company. BMO Capital Markets lifted their target price on Texas Roadhouse from $155.00 to $162.00 and gave the company a "market perform" rating in a research note on Friday, October 25th. Evercore ISI lifted their price objective on Texas Roadhouse from $195.00 to $200.00 and gave the stock an "outperform" rating in a research report on Tuesday, October 15th. Citigroup upped their target price on shares of Texas Roadhouse from $192.00 to $201.00 and gave the company a "buy" rating in a research report on Tuesday, October 1st. Robert W. Baird lifted their price target on shares of Texas Roadhouse from $190.00 to $205.00 and gave the stock an "outperform" rating in a research report on Friday, October 25th. Finally, Royal Bank of Canada boosted their price target on shares of Texas Roadhouse from $175.00 to $185.00 and gave the stock a "sector perform" rating in a research note on Friday, October 25th. Fourteen analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $190.26.

Texas Roadhouse Trading Up 0.4 %

NASDAQ TXRH traded up $0.78 on Wednesday, hitting $182.05. 873,313 shares of the company were exchanged, compared to its average volume of 756,920. Texas Roadhouse has a 1-year low of $115.48 and a 1-year high of $206.04. The firm has a 50 day moving average of $191.09 and a two-hundred day moving average of $178.40. The company has a market cap of $12.15 billion, a P/E ratio of 31.28, a P/E/G ratio of 1.59 and a beta of 1.01.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last announced its earnings results on Thursday, October 24th. The restaurant operator reported $1.26 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.32 by ($0.06). The company had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.27 billion. Texas Roadhouse had a return on equity of 31.33% and a net margin of 7.65%. Texas Roadhouse's revenue for the quarter was up 13.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.95 earnings per share. Research analysts anticipate that Texas Roadhouse will post 6.39 EPS for the current fiscal year.

Texas Roadhouse Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 10th were issued a dividend of $0.61 per share. The ex-dividend date of this dividend was Tuesday, December 10th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.34%. Texas Roadhouse's payout ratio is 41.92%.

Insider Activity at Texas Roadhouse

In related news, Director Donna E. Epps sold 610 shares of Texas Roadhouse stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $195.66, for a total value of $119,352.60. Following the sale, the director now owns 3,532 shares of the company's stock, valued at approximately $691,071.12. This trade represents a 14.73 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CTO Hernan E. Mujica sold 1,500 shares of the business's stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $202.26, for a total value of $303,390.00. Following the completion of the sale, the chief technology officer now owns 16,342 shares in the company, valued at $3,305,332.92. The trade was a 8.41 % decrease in their position. The disclosure for this sale can be found here. 0.50% of the stock is currently owned by insiders.

Institutional Trading of Texas Roadhouse

A number of hedge funds and other institutional investors have recently made changes to their positions in TXRH. Hollencrest Capital Management acquired a new position in Texas Roadhouse during the second quarter worth $25,000. True Wealth Design LLC acquired a new position in shares of Texas Roadhouse during the 3rd quarter worth about $30,000. PSI Advisors LLC grew its holdings in shares of Texas Roadhouse by 70.8% in the 3rd quarter. PSI Advisors LLC now owns 181 shares of the restaurant operator's stock valued at $32,000 after acquiring an additional 75 shares in the last quarter. UMB Bank n.a. increased its position in shares of Texas Roadhouse by 118.6% in the third quarter. UMB Bank n.a. now owns 258 shares of the restaurant operator's stock valued at $46,000 after acquiring an additional 140 shares during the last quarter. Finally, Ashton Thomas Private Wealth LLC acquired a new stake in shares of Texas Roadhouse in the second quarter valued at about $47,000. 94.82% of the stock is currently owned by institutional investors and hedge funds.

Texas Roadhouse Company Profile

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.