Texas Roadhouse, Inc. (NASDAQ:TXRH) has been assigned a consensus rating of “Hold” from the twenty ratings firms that are covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have assigned a buy rating to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $49.76.

A number of equities research analysts have recently weighed in on the stock. BidaskClub upgraded shares of Texas Roadhouse from a “strong sell” rating to a “sell” rating in a research note on Monday, August 14th. BMO Capital Markets reiterated a “buy” rating and issued a $58.00 price objective on shares of Texas Roadhouse in a report on Wednesday, August 2nd. Barclays PLC raised their price objective on shares of Texas Roadhouse from $53.00 to $56.00 and gave the company an “overweight” rating in a report on Tuesday, August 1st. Maxim Group reiterated a “buy” rating and issued a $55.00 price objective on shares of Texas Roadhouse in a report on Friday, July 28th. Finally, Raymond James Financial, Inc. reiterated a “market perform” rating on shares of Texas Roadhouse in a report on Tuesday, July 25th.

Shares of Texas Roadhouse (NASDAQ:TXRH) traded up 1.20% during trading on Tuesday, hitting $48.83. 295,154 shares of the company’s stock were exchanged. The stock’s 50-day moving average price is $49.53 and its 200-day moving average price is $47.39. Texas Roadhouse has a 1-year low of $37.23 and a 1-year high of $51.91. The stock has a market cap of $3.47 billion, a PE ratio of 29.40 and a beta of 0.54.

Texas Roadhouse (NASDAQ:TXRH) last posted its quarterly earnings results on Monday, July 31st. The restaurant operator reported $0.53 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.53. Texas Roadhouse had a net margin of 5.63% and a return on equity of 16.49%. The company had revenue of $566.30 million for the quarter, compared to the consensus estimate of $563.23 million. During the same period last year, the company posted $0.47 EPS. The firm’s quarterly revenue was up 11.3% compared to the same quarter last year. On average, equities analysts expect that Texas Roadhouse will post $1.93 earnings per share for the current fiscal year.

In other news, Director Kathy Widmer sold 5,200 shares of the company’s stock in a transaction dated Wednesday, May 31st. The stock was sold at an average price of $48.97, for a total transaction of $254,644.00. Following the sale, the director now directly owns 13,750 shares in the company, valued at $673,337.50. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider S. Chris Jacobsen sold 2,500 shares of the company’s stock in a transaction dated Friday, August 11th. The shares were sold at an average price of $49.25, for a total value of $123,125.00. Following the sale, the insider now owns 15,184 shares in the company, valued at $747,812. The disclosure for this sale can be found here. Insiders own 6.60% of the company’s stock.

Several large investors have recently made changes to their positions in 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. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Texas Roadhouse by 11.0% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,612 shares of the restaurant operator’s stock valued at $133,000 after buying an additional 258 shares during the last quarter. Advisor Group Inc. raised its position in shares of Texas Roadhouse by 26.8% in the second quarter. Advisor Group Inc. now owns 2,808 shares of the restaurant operator’s stock valued at $143,000 after buying an additional 593 shares during the last quarter. Finally, 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. Hedge funds and other institutional investors own 88.41% of the company’s stock.

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Texas Roadhouse Company Profile

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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