The stock of Texas Roadhouse Inc (NASDAQ:TXRH) is a huge mover today! About 1.41 million shares traded hands or 50.07% up from the average. Texas Roadhouse Inc (NASDAQ:TXRH) has declined 3.99% since April 8, 2016 and is downtrending. It has underperformed by 9.64% the S&P500.
The move comes after 5 months positive chart setup for the $3.31B company. It was reported on Nov, 10 by Barchart.com. We have $54.23 PT which if reached, will make NASDAQ:TXRH worth $728.20M more.
Texas Roadhouse Inc (NASDAQ:TXRH) Ratings Coverage
Out of 11 analysts covering Texas Roadhouse Inc. (NASDAQ:TXRH), 2 rate it a “Buy”, 1 “Sell”, while 8 “Hold”. This means 18% are positive. Texas Roadhouse Inc. has been the topic of 23 analyst reports since August 5, 2015 according to StockzIntelligence Inc. The firm earned “Neutral” rating on Tuesday, November 3 by UBS. The stock of Texas Roadhouse Inc (NASDAQ:TXRH) earned “Market Perform” rating by Raymond James on Monday, April 18. Barclays Capital maintained the stock with “Overweight” rating in Tuesday, February 23 report. The firm has “Market Perform” rating by Telsey Advisory Group given on Tuesday, July 26. The stock has “Sector Weight” rating given by KeyBanc Capital Markets on Thursday, September 29. The stock of Texas Roadhouse Inc (NASDAQ:TXRH) has “Hold” rating given on Wednesday, August 5 by Deutsche Bank. The stock has “Market Perform” rating given by Telsey Advisory Group on Wednesday, November 2. The stock of Texas Roadhouse Inc (NASDAQ:TXRH) has “Buy” rating given on Friday, September 11 by Maxim Group. The stock has “Underperform” rating given by Jefferies on Tuesday, July 26. The stock of Texas Roadhouse Inc (NASDAQ:TXRH) earned “Sector Perform” rating by RBC Capital Markets on Tuesday, February 23.
According to Zacks Investment Research, “Texas Roadhouse is a growing, moderately priced, full service restaurant chain. They offer an assortment of specially seasoned and aged steaks hand-cut daily in every restaurant and cooked to order over open gas-fired grills. They also offer their customers, whom they call their guests, a selection of ribs, fish, chicken and vegetable plates, an assortment of hamburgers, salads and sandwiches.”
Insitutional Activity: The institutional sentiment decreased to 1.04 in 2016 Q2. Its down 0.24, from 1.28 in 2016Q1. The ratio is negative, as 30 funds sold all Texas Roadhouse Inc shares owned while 85 reduced positions. 50 funds bought stakes while 70 increased positions. They now own 62.17 million shares or 3.14% less from 64.19 million shares in 2016Q1.
Victory Capital has 3,347 shares for 0% of their US portfolio. Gsa Cap Llp accumulated 0.06% or 23,556 shares. Driehaus Mngmt Lc, a Illinois-based fund reported 33,529 shares. Next Century Growth Invsts Ltd Liability Corp holds 0.5% or 233,698 shares in its portfolio. Thomson Horstmann And Bryant has invested 0.14% of its portfolio in Texas Roadhouse Inc (NASDAQ:TXRH). Thompson Davis And Comm has 260 shares for 0.02% of their US portfolio. State Treasurer State Of Michigan last reported 25,400 shares in the company. Chatham Capital Gp last reported 18,587 shares in the company. Voya Investment Management Limited Liability Co has 29,323 shares for 0% of their US portfolio. Nelson Roberts Investment Limited Company holds 935 shares or 0.02% of its portfolio. Arcadia Management Corp Mi last reported 304 shares in the company. Invesco Ltd holds 0.03% or 1.90M shares in its portfolio. Tudor Investment Et Al holds 0.01% of its portfolio in Texas Roadhouse Inc (NASDAQ:TXRH) for 7,800 shares. Geode Mgmt holds 0.01% of its portfolio in Texas Roadhouse Inc (NASDAQ:TXRH) for 462,199 shares. Envestnet Asset Inc holds 0% or 20,892 shares in its portfolio.
Insider Transactions: Since June 10, 2016, the stock had 1 buy, and 2 insider sales for $5.94 million net activity. On Friday, June 10 Catlett Celia sold $44,629 worth of the stock or 966 shares. On Wednesday, August 3 the insider ZARLEY JAMES R bought $1.01M. Another trade for 150,000 shares valued at $6.90M was made by Taylor Wayne Kent on Tuesday, August 16.
More notable recent Texas Roadhouse Inc (NASDAQ:TXRH) news were published by: Businesswire.com which released: “Texas Roadhouse, Inc. Announces Third Quarter 2016 Results” on November 01, 2016, also Forbes.com with their article: “RSI Alert: Texas Roadhouse Now Oversold” published on September 27, 2016, Fool.com published: “Will Texas Roadhouse Inc’s New Chain Keep Sales Momentum Going?” on September 23, 2016. More interesting news about Texas Roadhouse Inc (NASDAQ:TXRH) were released by: Bizjournals.com and their article: “Texas Roadhouse CEO says ‘conservative’ price increase is on the way” published on November 02, 2016 as well as Businesswire.com‘s news article titled: “Texas Roadhouse, Inc. to Announce Third Quarter Earnings on November 1, 2016” with publication date: September 30, 2016.
TXRH Company Profile
Texas Roadhouse, Inc., incorporated on May 5, 2004, is a restaurant company, which operates in the casual dining segment. The Firm offers an assortment of seasoned and aged steaks hand-cut daily on the premises and cooked to order over open grills. In addition to steaks, the Company also offers its guests a selection of ribs, fish, seafood, chicken, pork chops, pulled pork and vegetable plates, and an assortment of hamburgers, salads and sandwiches. The Company’s entrees include over two made-from-scratch side items and it offers all its guests a free unlimited supply of roasted in-shell peanuts and fresh baked yeast rolls. The Firm owns approximately 400 firm restaurants and over 80 franchise restaurants in approximately 50 states and over four foreign countries. Of the over 400 restaurants the Company operates approximately 390 as Texas Roadhouse and operated over seven as Bubba’s 33 restaurants. In addition, the Company operates over two restaurants outside of the casual dining segment. Bubba’s 33 is a family-friendly sports restaurant, which offers an assortment of wings, sandwiches, pizza and burgers, including bacon grind patty. In addition, it also offers its guests a selection of chicken, beef, fish and seafood. Bubba’s 33 also offers an extensive selection of draft beer.
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