Texas Roadhouse, Inc. (NASDAQ:TXRH) has earned an average rating of “Hold” from the twenty brokerages that are presently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and seven have issued a buy rating on the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $50.24.

A number of research firms recently weighed in on TXRH. BMO Capital Markets raised shares of Texas Roadhouse from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from $48.00 to $58.00 in a report on Thursday, June 22nd. Barclays PLC increased their price objective on shares of Texas Roadhouse from $53.00 to $56.00 and gave the stock an “overweight” rating in a report on Tuesday, August 1st. BidaskClub cut shares of Texas Roadhouse from a “hold” rating to a “sell” rating in a report on Monday, July 31st. Zacks Investment Research cut shares of Texas Roadhouse from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. Finally, Raymond James Financial, Inc. reaffirmed a “market perform” rating on shares of Texas Roadhouse in a report on Tuesday, July 25th.

Shares of Texas Roadhouse (NASDAQ:TXRH) traded up 2.33% during mid-day trading on Friday, hitting $49.29. 1,019,017 shares of the stock traded hands. The stock has a market cap of $3.50 billion, a P/E ratio of 29.67 and a beta of 0.56. The firm’s 50 day moving average price is $47.97 and its 200-day moving average price is $47.52. Texas Roadhouse has a 12-month low of $37.23 and a 12-month high of $51.91.

Texas Roadhouse (NASDAQ:TXRH) last issued its earnings results on Monday, July 31st. The restaurant operator reported $0.53 earnings per share for the quarter, hitting the Zacks’ consensus estimate 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 analysts’ expectations of $563.23 million. During the same period in the prior year, the company earned $0.47 earnings per share. The firm’s revenue was up 11.3% compared to the same quarter last year. Analysts predict that Texas Roadhouse will post $1.93 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Wednesday, September 13th will be given a $0.21 dividend. The ex-dividend date is Tuesday, September 12th. This represents a $0.84 dividend on an annualized basis and a yield of 1.70%. Texas Roadhouse’s dividend payout ratio is presently 50.60%.

In other news, insider S. Chris Jacobsen sold 2,500 shares of the firm’s stock in a transaction dated Friday, August 11th. The shares were sold at an average price of $49.25, for a total transaction of $123,125.00. Following the completion of the transaction, the insider now owns 15,184 shares in the company, valued at approximately $747,812. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 7.40% of the company’s stock.

Several large investors have recently bought and sold shares of the company. Northwestern Mutual Investment Management Company LLC boosted its position in shares of Texas Roadhouse by 0.3% during the 1st quarter. Northwestern Mutual Investment Management Company LLC now owns 11,092 shares of the restaurant operator’s stock valued at $494,000 after purchasing an additional 32 shares in the last quarter. Seven Bridges Advisors LLC boosted its position in shares of Texas Roadhouse by 0.5% during the 2nd quarter. Seven Bridges Advisors LLC now owns 8,077 shares of the restaurant operator’s stock valued at $412,000 after purchasing an additional 39 shares in the last quarter. PNC Financial Services Group Inc. boosted its position in shares of Texas Roadhouse by 0.3% during the 1st quarter. PNC Financial Services Group Inc. now owns 27,680 shares of the restaurant operator’s stock valued at $1,232,000 after purchasing an additional 78 shares in the last quarter. YorkBridge Wealth Partners LLC boosted its position in shares of Texas Roadhouse by 4.2% during the 2nd quarter. YorkBridge Wealth Partners LLC now owns 2,159 shares of the restaurant operator’s stock valued at $110,000 after purchasing an additional 87 shares in the last quarter. Finally, Sawtooth Solutions LLC boosted its position in shares of Texas Roadhouse by 1.9% during the 2nd quarter. Sawtooth Solutions LLC now owns 4,926 shares of the restaurant operator’s stock valued at $251,000 after purchasing an additional 91 shares in the last quarter. Institutional investors own 86.22% of the company’s stock.

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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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