Texas Roadhouse, Inc. (NASDAQ:TXRH) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued on Tuesday.

According to Zacks, “Texas Roadhouse is a growing, moderately priced, full service restaurant chain. They offer an assortment of specially seasoned and aged steaks hand-cut daily in every restaurant and cooked to order over open gas-fired grills. They also offer their customers, whom they call their guests, a selection of ribs, fish, chicken and vegetable plates, an assortment of hamburgers, salads and sandwiches. “

A number of other equities analysts have also recently commented on TXRH. BMO Capital Markets raised shares of Texas Roadhouse from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from $48.00 to $58.00 in a research report on Thursday, June 22nd. BidaskClub raised shares of Texas Roadhouse from a “hold” rating to a “buy” rating in a research report on Thursday, June 29th. Longbow Research reaffirmed a “buy” rating and set a $56.00 price objective on shares of Texas Roadhouse in a research report on Monday, July 3rd. Deutsche Bank AG reaffirmed a “hold” rating and set a $53.00 price objective (up from $49.00) on shares of Texas Roadhouse in a research report on Monday, July 10th. Finally, Raymond James Financial, Inc. reaffirmed a “market perform” rating on shares of Texas Roadhouse in a research report on Tuesday, July 25th. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and eight have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $50.79.

Texas Roadhouse (NASDAQ TXRH) traded up 2.15% during trading on Tuesday, reaching $51.26. 133,540 shares of the company traded hands. Texas Roadhouse has a 12 month low of $37.99 and a 12 month high of $51.91. The company’s 50-day moving average is $48.24 and its 200 day moving average is $48.52. The company has a market cap of $3.64 billion, a PE ratio of 30.86 and a beta of 0.57.

Texas Roadhouse (NASDAQ:TXRH) last released its quarterly earnings data on Monday, July 31st. The restaurant operator reported $0.53 EPS 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 firm had revenue of $566.30 million during the quarter, compared to analysts’ expectations of $563.23 million. During the same period in the previous year, the business posted $0.47 earnings per share. The company’s revenue for the quarter was up 11.3% compared to the same quarter last year. On average, analysts anticipate that Texas Roadhouse will post $1.93 earnings per share for the current year.

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In related news, Director Kathy Widmer sold 2,000 shares of the business’s stock in a transaction dated Thursday, September 21st. The stock was sold at an average price of $47.95, for a total value of $95,900.00. Following the completion of the transaction, the director now owns 11,750 shares of the company’s stock, valued at $563,412.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider S. Chris Jacobsen sold 2,500 shares of the business’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 completion of the transaction, the insider now directly owns 15,184 shares of the company’s stock, valued at approximately $747,812. The disclosure for this sale can be found here. 6.60% of the stock is owned by insiders.

A number of hedge funds have recently bought and sold shares of TXRH. YorkBridge Wealth Partners LLC raised its stake in Texas Roadhouse by 4.2% in the second 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. Creative Planning raised its stake in 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 purchasing an additional 224 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in 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 purchasing an additional 258 shares in the last quarter. Advisor Group Inc. raised its stake in 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 purchasing an additional 593 shares in the last quarter. Finally, Public Employees Retirement System of Ohio raised its stake in 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 purchasing an additional 141 shares in the last quarter. 85.97% of the stock is owned by institutional investors and hedge funds.

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.

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Analyst Recommendations for Texas Roadhouse (NASDAQ:TXRH)

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