Texas Roadhouse, Inc. (NASDAQ:TXRH)‘s stock had its “hold” rating reissued by equities research analysts at Canaccord Genuity in a report released on Sunday. They presently have a $51.00 target price on the restaurant operator’s stock. Canaccord Genuity’s price objective indicates a potential upside of 1.27% from the company’s current price.

TXRH has been the subject of several other research reports. Zacks Investment Research downgraded Texas Roadhouse from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th. Jefferies Group LLC reiterated a “sell” rating and set a $40.00 price target on shares of Texas Roadhouse in a research note on Thursday, August 31st. Longbow Research reiterated a “buy” rating and set a $56.00 price target on shares of Texas Roadhouse in a research note on Monday, July 3rd. Deutsche Bank AG reiterated 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, BidaskClub upgraded Texas Roadhouse from a “hold” rating to a “buy” rating in a research note on Thursday, June 29th. Three research analysts have rated the stock with a sell rating, ten 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 an average price target of $50.84.

Texas Roadhouse (NASDAQ:TXRH) traded down 0.28% during trading on Friday, hitting $50.36. The stock had a trading volume of 808,099 shares. Texas Roadhouse has a 12-month low of $38.54 and a 12-month high of $52.02. The company has a 50 day moving average of $48.71 and a 200-day moving average of $48.68. The company has a market cap of $3.58 billion, a P/E ratio of 30.16 and a beta of 0.57.

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 the consensus estimate of $0.53. The company had revenue of $566.30 million during 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 revenue was up 11.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.47 EPS. On average, equities analysts predict that Texas Roadhouse will post $1.93 EPS for the current year.

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In other Texas Roadhouse news, insider S. Chris Jacobsen sold 2,500 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the insider now owns 15,184 shares of the company’s stock, valued at approximately $747,812. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Kathy Widmer sold 2,000 shares of the company’s stock in a transaction that occurred on Thursday, September 21st. The shares were 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 directly owns 11,750 shares of the company’s stock, valued at approximately $563,412.50. The disclosure for this sale can be found here. Corporate insiders own 7.40% of the company’s stock.

A number of institutional investors have recently bought and sold shares of the business. Seven Bridges Advisors LLC raised its holdings in Texas Roadhouse by 0.5% in the 2nd quarter. Seven Bridges Advisors LLC now owns 8,077 shares of the restaurant operator’s stock valued at $412,000 after acquiring an additional 39 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in Texas Roadhouse by 0.3% in 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 acquiring an additional 78 shares in the last quarter. YorkBridge Wealth Partners LLC raised its holdings in Texas Roadhouse by 4.2% in the 2nd quarter. YorkBridge Wealth Partners LLC now owns 2,159 shares of the restaurant operator’s stock valued at $110,000 after acquiring an additional 87 shares in the last quarter. Sawtooth Solutions LLC raised its holdings in Texas Roadhouse by 1.9% in the 2nd quarter. Sawtooth Solutions LLC now owns 4,926 shares of the restaurant operator’s stock valued at $251,000 after acquiring an additional 91 shares in the last quarter. Finally, Teacher Retirement System of Texas raised its holdings in shares of Texas Roadhouse by 2.4% in the 2nd quarter. Teacher Retirement System of Texas now owns 5,346 shares of the restaurant operator’s stock worth $272,000 after buying an additional 127 shares in the last quarter. 85.97% of the stock is owned by hedge funds and other institutional investors.

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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