Jefferies Reiterates a Sell Rating on Texas Roadhouse

By Carrie Williams

Jefferies analyst Alexander Slagle reiterated a Sell rating on Texas Roadhouse (NASDAQ: TXRH) yesterday and set a price target of $40. The company’s shares closed yesterday at $50.59, close to its 52-week high of $51.79.

According to TipRanks.com, Slagle is a 4-star analyst with an average return of 12.1% and a 68.7% success rate. Slagle covers the Services sector, focusing on stocks such as Papa John’s International, Popeyes Louisiana Kitchen, and Buffalo Wild Wings.

Texas Roadhouse has an analyst consensus of Hold, with a price target consensus of $50.14.

Based on Texas Roadhouse’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $568 million and quarterly net profit of $34.31 million. In comparison, last year the company earned revenue of $516 million and had a net profit of $35.59 million.

Based on the recent corporate insider activity of 39 insiders, corporate insider sentiment is negative on the stock. Last month, Celia Catlett, the General Counsel of TXRH sold 1,837 shares for a total of $91,758.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Texas Roadhouse, Inc. is a full-service, casual dining restaurant chain, which offers assorted seasoned and aged steaks hand-cut daily on the premises and cooked to order over open gas-fired grills. It operates restaurants under the Texas Roadhouse and Aspen Creek names. The company also offers its guests a selection of ribs, fish, seafood, chicken, pork chops, pulled pork and vegetable plates, an assortment of hamburgers, salads and sandwiches. It also provides supervisory and administrative services for other license and franchise restaurants. Texas Roadhouse was founded by W. Kent Taylor on February 17, 1993 and is headquartered in Louisville, KY.