Notable Runner: Is Buying Texas Roadhouse Inc Here a Winning Strategy?

Notable Runner: Is Buying Texas Roadhouse Inc Here a Winning Strategy?

The stock of Texas Roadhouse Inc (NASDAQ:TXRH) is a huge mover today! About 664,239 shares traded hands. Texas Roadhouse Inc (NASDAQ:TXRH) has declined 8.34% since March 1, 2016 and is downtrending. It has underperformed by 17.58% the S&P500.
The move comes after 6 months positive chart setup for the $2.70B company. It was reported on Oct, 4 by Barchart.com. We have $53.67 PT which if reached, will make NASDAQ:TXRH worth $1.05 billion more.

Analysts await Texas Roadhouse Inc (NASDAQ:TXRH) to report earnings on November, 7. They expect $0.36 EPS, up 24.14% or $0.07 from last year’s $0.29 per share. TXRH’s profit will be $25.17M for 26.81 P/E if the $0.36 EPS becomes a reality. After $0.47 actual EPS reported by Texas Roadhouse Inc for the previous quarter, Wall Street now forecasts -23.40% negative EPS growth.

Texas Roadhouse Inc (NASDAQ:TXRH) Ratings Coverage

Out of 11 analysts covering Texas Roadhouse Inc. (NASDAQ:TXRH), 1 rate it a “Buy”, 1 “Sell”, while 9 “Hold”. This means 9% are positive. Texas Roadhouse Inc. has been the topic of 21 analyst reports since August 5, 2015 according to StockzIntelligence Inc. The rating was downgraded by Stifel Nicolaus on Tuesday, July 26 to “Hold”. The firm has “Sector Perform” rating given on Tuesday, February 23 by RBC Capital Markets. The firm has “Market Perform” rating given on Tuesday, July 26 by Telsey Advisory Group. The firm earned “Overweight” rating on Tuesday, February 23 by Barclays Capital. KeyBanc Capital Markets upgraded the shares of TXRH in a report on Monday, October 19 to “Overweight” rating. The firm has “Underperform” rating by Jefferies given on Tuesday, July 26. The firm has “Market Perform” rating given on Monday, April 18 by Raymond James. As per Tuesday, November 3, the company rating was maintained by UBS. The stock of Texas Roadhouse Inc (NASDAQ:TXRH) earned “Sector Perform” rating by RBC Capital Markets on Tuesday, November 3. Maxim Group downgraded Texas Roadhouse Inc (NASDAQ:TXRH) on Monday, July 18 to “Hold” rating.

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 Q2 2016. Its down 0.24, from 1.28 in 2016Q1. The ratio fall, 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.
Paradigm Asset Company Ltd Liability Company, a New York-based fund reported 14,000 shares. Price T Rowe Incorporated Md has 0% invested in the company for 16,590 shares. Moreover, Creative Planning has 0% invested in Texas Roadhouse Inc (NASDAQ:TXRH) for 2,481 shares. Columbia Wanger Asset Mgmt Ltd holds 382,928 shares or 0.2% of its portfolio. Magnetar Fincl Lc has 0.01% invested in the company for 9,319 shares. The Connecticut-based Thomson Horstmann Bryant has invested 0.14% in Texas Roadhouse Inc (NASDAQ:TXRH). Rhumbline Advisers holds 142,064 shares or 0.02% of its portfolio. First Tru Advsr L P holds 0.01% or 69,814 shares in its portfolio. Royal State Bank Of Canada accumulated 623,829 shares or 0.02% of the stock. Alps Advsrs Inc holds 0% of its portfolio in Texas Roadhouse Inc (NASDAQ:TXRH) for 9,524 shares. Shelton Capital Mgmt holds 0.02% of its portfolio in Texas Roadhouse Inc (NASDAQ:TXRH) for 5,296 shares. Raymond James Associates has 0.02% invested in the company for 154,525 shares. Fifth Third Bank & Trust accumulated 903 shares or 0% of the stock. Aqr Mgmt Ltd Company reported 23,500 shares or 0% of all its holdings. Assetmark Incorporated reported 1,190 shares or 0% of all its holdings.

Insider Transactions: Since May 5, 2016, the stock had 1 insider buy, and 3 selling transactions for $6.21 million net activity. 150,000 shares were sold by Taylor Wayne Kent, worth $6.90M. Another trade for 23,800 shares valued at $1.01M was made by ZARLEY JAMES R on Wednesday, August 3. $265,200 worth of Texas Roadhouse Inc (NASDAQ:TXRH) was sold by WIDMER KATHY on Thursday, May 5. Catlett Celia sold $44,629 worth of stock or 966 shares.

More notable recent Texas Roadhouse Inc (NASDAQ:TXRH) news were published by: Forbes.com which released: “RSI Alert: Texas Roadhouse Now Oversold” on September 27, 2016, also Fool.com with their article: “Will Texas Roadhouse Inc’s New Chain Keep Sales Momentum Going?” published on September 23, 2016, Forbes.com published: “Ex-Dividend Reminder: Texas Roadhouse, Dollar General and NWS” on September 08, 2016. More interesting news about Texas Roadhouse Inc (NASDAQ:TXRH) were released by: Fool.com and their article: “Why Texas Roadhouse Inc Shares Popped” published on February 23, 2016 as well as Fool.com‘s news article titled: “Why Texas Roadhouse Inc. Shares Tumbled Today” with publication date: August 02, 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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