Texas Roadhouse (NASDAQ:TXRH) Stock Rating Lowered by Wall Street Zen

Texas Roadhouse (NASDAQ:TXRH) was downgraded by stock analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a note issued to investors on Saturday.

A number of other brokerages have also recently weighed in on TXRH. JPMorgan Chase & Co. dropped their price target on Texas Roadhouse from $200.00 to $182.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 7th. Mizuho raised shares of Texas Roadhouse to a “strong-buy” rating in a research note on Tuesday, October 28th. Truist Financial dropped their price objective on Texas Roadhouse from $210.00 to $195.00 and set a “buy” rating on the stock in a research note on Friday, November 7th. Morgan Stanley cut their target price on shares of Texas Roadhouse from $210.00 to $205.00 and set an “overweight” rating for the company in a research note on Monday, November 10th. Finally, Wells Fargo & Company raised Texas Roadhouse from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $170.00 to $195.00 in a report on Wednesday, December 17th. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $194.26.

Texas Roadhouse Price Performance

Shares of NASDAQ TXRH opened at $171.36 on Friday. The stock’s 50-day moving average is $168.71 and its two-hundred day moving average is $173.94. Texas Roadhouse has a 1-year low of $148.73 and a 1-year high of $199.99. The company has a market cap of $11.34 billion, a price-to-earnings ratio of 26.20, a price-to-earnings-growth ratio of 2.62 and a beta of 0.89.

Texas Roadhouse (NASDAQ:TXRH) last announced its earnings results on Thursday, November 6th. The restaurant operator reported $1.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.28 by ($0.03). The business had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.43 billion. Texas Roadhouse had a return on equity of 30.59% and a net margin of 7.49%.The business’s revenue was up 12.8% on a year-over-year basis. During the same quarter last year, the business posted $1.26 earnings per share. Equities research analysts anticipate that Texas Roadhouse will post 7.23 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Texas Roadhouse news, Director Gregory N. Moore sold 1,400 shares of Texas Roadhouse stock in a transaction on Wednesday, December 3rd. The stock was sold at an average price of $170.00, for a total value of $238,000.00. Following the completion of the transaction, the director owned 32,150 shares in the company, valued at approximately $5,465,500. The trade was a 4.17% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Hugh J. Carroll sold 1,000 shares of Texas Roadhouse stock in a transaction dated Thursday, December 4th. The shares were sold at an average price of $167.27, for a total value of $167,270.00. Following the completion of the transaction, the director directly owned 1,854 shares of the company’s stock, valued at $310,118.58. This represents a 35.04% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.50% of the stock is owned by insiders.

Institutional Investors Weigh In On Texas Roadhouse

Several institutional investors have recently modified their holdings of TXRH. Caldwell Trust Co bought a new position in Texas Roadhouse during the 2nd quarter worth approximately $28,000. Measured Wealth Private Client Group LLC acquired a new position in shares of Texas Roadhouse in the 3rd quarter valued at $33,000. Root Financial Partners LLC acquired a new position in shares of Texas Roadhouse in the 3rd quarter valued at $36,000. Ameritas Advisory Services LLC bought a new stake in shares of Texas Roadhouse in the 2nd quarter valued at $53,000. Finally, Salomon & Ludwin LLC raised its stake in Texas Roadhouse by 37.2% during the 3rd quarter. Salomon & Ludwin LLC now owns 299 shares of the restaurant operator’s stock worth $50,000 after buying an additional 81 shares during the period. Institutional investors and hedge funds own 94.82% of the company’s stock.

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.