Texas Roadhouse Inc. (NASDAQ:TXRH) shares fell 1.4% during trading on Wednesday . The company traded as low as $42.57 and last traded at $42.66, with a volume of 557,031 shares trading hands. The stock had previously closed at $43.26.

A number of brokerages have recently commented on TXRH. Buckingham Research began coverage on shares of Texas Roadhouse in a research report on Thursday, June 16th. They set a “neutral” rating and a $47.00 price objective for the company. Credit Suisse Group AG reaffirmed a “hold” rating and set a $42.00 price objective on shares of Texas Roadhouse in a research report on Tuesday, August 2nd. Stifel Nicolaus lowered shares of Texas Roadhouse from a “buy” rating to a “hold” rating and cut their price objective for the company from $50.00 to $47.00 in a research report on Tuesday, July 26th. BTIG Research reaffirmed a “neutral” rating on shares of Texas Roadhouse in a research report on Tuesday, August 2nd. Finally, Jefferies Group reaffirmed an “underperform” rating and set a $37.00 price objective on shares of Texas Roadhouse in a research report on Monday, August 8th. Two research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $43.78.

The company’s 50 day moving average is $44.46 and its 200-day moving average is $44.39. The company has a market cap of $3.02 billion, a price-to-earnings ratio of 26.95 and a beta of 0.57.

This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/09/22/texas-roadhouse-inc-txrh-shares-down-1-4.html

Texas Roadhouse (NASDAQ:TXRH) last issued its quarterly earnings data on Monday, August 1st. The company reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.02. Texas Roadhouse had a net margin of 5.88% and a return on equity of 16.78%. The business earned $509 million during the quarter, compared to analysts’ expectations of $509.80 million. During the same quarter in the previous year, the company earned $0.30 EPS. The business’s revenue was up 11.9% on a year-over-year basis. Equities analysts anticipate that Texas Roadhouse Inc. will post $1.78 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Wednesday, September 14th will be paid a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 1.77%. The ex-dividend date is Monday, September 12th. Texas Roadhouse’s dividend payout ratio (DPR) is 48.10%.

In other Texas Roadhouse news, Director James R. Zarley acquired 23,800 shares of the company’s stock in a transaction on Wednesday, August 3rd. The stock was acquired at an average price of $42.23 per share, for a total transaction of $1,005,074.00. Following the purchase, the director now directly owns 104,000 shares of the company’s stock, valued at $4,391,920. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Wayne Kent Taylor sold 150,000 shares of Texas Roadhouse stock in a transaction dated Thursday, August 18th. The stock was sold at an average price of $46.03, for a total transaction of $6,904,500.00. Following the completion of the sale, the chief executive officer now owns 4,363,261 shares of the company’s stock, valued at approximately $200,840,903.83. The disclosure for this sale can be found here. 7.40% of the stock is currently owned by company insiders.

Hedge funds have recently modified their holdings of the company. Van Hulzen Asset Management LLC acquired a new stake in shares of Texas Roadhouse during the second quarter valued at $102,000. Advisor Group Inc. acquired a new stake in shares of Texas Roadhouse during the second quarter valued at $102,000. Creative Planning boosted its stake in shares of Texas Roadhouse by 31.2% in the second quarter. Creative Planning now owns 2,481 shares of the company’s stock valued at $113,000 after buying an additional 590 shares during the period. IFP Advisors Inc boosted its stake in shares of Texas Roadhouse by 24.0% in the first quarter. IFP Advisors Inc now owns 2,908 shares of the company’s stock valued at $127,000 after buying an additional 563 shares during the period. Finally, Victory Capital Management Inc. boosted its stake in shares of Texas Roadhouse by 22.4% in the second quarter. Victory Capital Management Inc. now owns 3,347 shares of the company’s stock valued at $153,000 after buying an additional 613 shares during the period. Institutional investors and hedge funds own 88.84% of the company’s stock.

About Texas Roadhouse

Texas Roadhouse, Inc is a restaurant company, which operates in the casual dining segment. The Company 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.

5 Day Chart for NASDAQ:TXRH

Receive News & Ratings for Texas Roadhouse Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Texas Roadhouse Inc. and related companies with MarketBeat.com's FREE daily email newsletter.