Texas Roadhouse, Inc. (NASDAQ:TXRH) had its target price decreased by equities research analysts at Barclays PLC from $56.00 to $55.00 in a research report issued to clients and investors on Wednesday. The brokerage presently has an “overweight” rating on the restaurant operator’s stock. Barclays PLC’s target price indicates a potential upside of 8.37% from the stock’s current price.

A number of other research firms also recently issued reports on TXRH. Zacks Investment Research upgraded Texas Roadhouse from a “hold” rating to a “buy” rating and set a $56.00 price target on the stock in a research note on Friday, July 21st. Jefferies Group LLC restated a “sell” rating and set a $40.00 price target on shares of Texas Roadhouse in a research note on Thursday, August 31st. BidaskClub upgraded Texas Roadhouse from a “hold” rating to a “buy” rating in a research note on Thursday, June 29th. Deutsche Bank AG restated a “hold” rating and set a $53.00 price target (up previously from $49.00) on shares of Texas Roadhouse in a research note on Monday, July 10th. Finally, Longbow Research restated a “buy” rating and set a $56.00 price target on shares of Texas Roadhouse in a research note on Monday, July 3rd. Three analysts have rated the stock with a sell rating, ten have given a hold rating and eight have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $50.74.

Texas Roadhouse (NASDAQ:TXRH) traded down 0.22% during midday trading on Wednesday, hitting $50.75. The company had a trading volume of 354,512 shares. The company has a market cap of $3.60 billion, a price-to-earnings ratio of 30.55 and a beta of 0.57. Texas Roadhouse has a 12 month low of $37.99 and a 12 month high of $51.91. The firm has a 50-day moving average price of $48.24 and a 200-day moving average price of $48.52.

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

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In related news, Director Kathy Widmer sold 2,000 shares of Texas Roadhouse stock in a transaction on Thursday, September 21st. The stock was sold at an average price of $47.95, for a total transaction of $95,900.00. Following the completion of the transaction, the director now directly owns 11,750 shares of the company’s stock, valued at $563,412.50. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider S. Chris Jacobsen sold 2,500 shares of Texas Roadhouse stock in a transaction on Friday, August 11th. The stock was sold at an average price of $49.25, for a total value of $123,125.00. Following the transaction, the insider now directly owns 15,184 shares of the company’s stock, valued at $747,812. The disclosure for this sale can be found here. Insiders own 6.60% of the company’s stock.

A number of hedge funds have recently modified their holdings of TXRH. UBS Asset Management Americas Inc. raised its holdings in Texas Roadhouse by 21.1% during the first quarter. UBS Asset Management Americas Inc. now owns 35,635 shares of the restaurant operator’s stock worth $1,587,000 after purchasing an additional 6,200 shares during the last quarter. Victory Capital Management Inc. increased its position in Texas Roadhouse by 227.8% during the first quarter. Victory Capital Management Inc. now owns 4,170 shares of the restaurant operator’s stock worth $186,000 after buying an additional 2,898 shares in the last quarter. Credit Agricole S A increased its position in Texas Roadhouse by 350.7% during the first quarter. Credit Agricole S A now owns 15,956 shares of the restaurant operator’s stock worth $711,000 after buying an additional 12,416 shares in the last quarter. Principal Financial Group Inc. increased its position in Texas Roadhouse by 1.3% during the first quarter. Principal Financial Group Inc. now owns 262,479 shares of the restaurant operator’s stock worth $11,688,000 after buying an additional 3,309 shares in the last quarter. Finally, Advantus Capital Management Inc increased its position in Texas Roadhouse by 3.3% during the first quarter. Advantus Capital Management Inc now owns 8,241 shares of the restaurant operator’s stock worth $367,000 after buying an additional 266 shares in the last quarter. 85.97% of the stock is owned by hedge funds and other institutional investors.

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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