Texas Roadhouse, Inc. (NASDAQ:TXRH) was downgraded by stock analysts at BidaskClub from a “buy” rating to a “hold” rating in a research report issued on Sunday.

A number of other equities analysts have also recently commented on TXRH. Maxim Group reissued a “buy” rating and set a $52.00 target price on shares of Texas Roadhouse in a report on Thursday, April 27th. Telsey Advisory Group increased their target price on Texas Roadhouse from $46.00 to $54.00 and gave the company a “market perform” rating in a report on Tuesday, May 2nd. BMO Capital Markets reissued a “hold” rating and set a $48.00 target price (up previously from $41.00) on shares of Texas Roadhouse in a report on Tuesday, May 2nd. Royal Bank Of Canada increased their target price on Texas Roadhouse from $49.00 to $53.00 and gave the company a “sector perform” rating in a report on Tuesday, May 2nd. Finally, Barclays PLC increased their target price on Texas Roadhouse from $47.00 to $53.00 and gave the company an “overweight” rating in a report on Tuesday, May 2nd. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and eight have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $49.55.

Texas Roadhouse (NASDAQ TXRH) traded down 0.26% during trading on Friday, reaching $50.07. The company’s stock had a trading volume of 306,877 shares. The stock has a 50-day moving average of $49.49 and a 200 day moving average of $46.87. The firm has a market capitalization of $3.55 billion, a P/E ratio of 31.08 and a beta of 0.56. Texas Roadhouse has a one year low of $37.23 and a one year high of $51.91.

Texas Roadhouse (NASDAQ:TXRH) last announced its earnings results on Monday, May 1st. The restaurant operator reported $0.61 EPS for the quarter, beating analysts’ consensus estimates of $0.58 by $0.03. Texas Roadhouse had a return on equity of 16.42% and a net margin of 5.60%. The business had revenue of $567.70 million during the quarter, compared to analysts’ expectations of $560.74 million. During the same quarter in the prior year, the firm earned $0.50 earnings per share. The business’s revenue was up 10.1% compared to the same quarter last year. On average, equities research analysts predict that Texas Roadhouse will post $1.92 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, June 30th. Stockholders of record on Wednesday, June 14th were given a $0.21 dividend. The ex-dividend date was Monday, June 12th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.68%. Texas Roadhouse’s dividend payout ratio (DPR) is presently 52.50%.

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In related news, insider Scott Matthew Colosi sold 10,000 shares of the stock in a transaction that occurred on Tuesday, May 9th. The stock was sold at an average price of $49.54, for a total value of $495,400.00. Following the completion of the transaction, the insider now directly owns 60,058 shares in the company, valued at $2,975,273.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider S. Chris Jacobsen sold 3,500 shares of the stock in a transaction that occurred on Wednesday, May 3rd. The stock was sold at an average price of $51.29, for a total value of $179,515.00. Following the completion of the transaction, the insider now owns 17,684 shares of the company’s stock, valued at $907,012.36. The disclosure for this sale can be found here. Insiders sold 25,537 shares of company stock valued at $1,275,317 over the last 90 days. Company insiders own 7.40% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of TXRH. YorkBridge Wealth Partners LLC raised its position in shares of Texas Roadhouse by 22.1% in the first quarter. YorkBridge Wealth Partners LLC now owns 2,072 shares of the restaurant operator’s stock valued at $106,000 after buying an additional 375 shares during the last quarter. Creative Planning raised its position in shares of Texas Roadhouse by 11.2% in the second quarter. Creative Planning now owns 2,223 shares of the restaurant operator’s stock valued at $113,000 after buying an additional 224 shares during the last quarter. Public Employees Retirement System of Ohio raised its position in shares of Texas Roadhouse by 4.3% in the first quarter. Public Employees Retirement System of Ohio now owns 3,393 shares of the restaurant operator’s stock valued at $151,000 after buying an additional 141 shares during the last quarter. Victory Capital Management Inc. raised its position in shares of Texas Roadhouse by 227.8% in the first quarter. Victory Capital Management Inc. now owns 4,170 shares of the restaurant operator’s stock valued at $186,000 after buying an additional 2,898 shares during the last quarter. Finally, Sawtooth Solutions LLC raised its position in shares of Texas Roadhouse by 11.6% in the first quarter. Sawtooth Solutions LLC now owns 4,835 shares of the restaurant operator’s stock valued at $215,000 after buying an additional 501 shares during the last quarter. Institutional investors own 88.26% 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, all cooked over open grills and all but one hand cut daily on the premises. Its restaurants offer a range of menu items at prices that are designed to appeal to a range of consumer tastes.

Analyst Recommendations for Texas Roadhouse (NASDAQ:TXRH)

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