Texas Roadhouse, Inc. (NASDAQ:TXRH)‘s stock had its “buy” rating reaffirmed by equities research analysts at Robert W. Baird in a report released on Friday. They currently have a $56.00 target price on the restaurant operator’s stock. Robert W. Baird’s price target indicates a potential upside of 10.89% from the company’s previous close.

TXRH has been the subject of several other reports. BMO Capital Markets raised shares of Texas Roadhouse from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $48.00 to $58.00 in a report on Thursday, June 22nd. Barclays PLC lifted their price target 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. BidaskClub downgraded shares of Texas Roadhouse from a “hold” rating to a “sell” rating in a report on Monday, July 31st. Zacks Investment Research downgraded shares of Texas Roadhouse from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. Finally, Stifel Nicolaus assumed coverage on shares of Texas Roadhouse in a report on Monday, October 2nd. They set a “buy” rating and a $55.00 price target for the company. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and eight have assigned a buy rating to the company. Texas Roadhouse currently has an average rating of “Hold” and an average target price of $50.74.

Shares of Texas Roadhouse (TXRH) opened at 50.50 on Friday. The firm has a market cap of $3.59 billion, a price-to-earnings ratio of 30.40 and a beta of 0.57. The firm has a 50 day moving average of $48.63 and a 200 day moving average of $48.63. Texas Roadhouse has a 52 week low of $38.54 and a 52 week high of $51.91.

Texas Roadhouse (NASDAQ:TXRH) last announced its quarterly earnings results on Monday, July 31st. The restaurant operator reported $0.53 earnings per share (EPS) for the quarter, meeting the 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 the consensus estimate of $563.23 million. During the same period last year, the firm posted $0.47 EPS. The firm’s quarterly revenue was up 11.3% on a year-over-year basis. Equities analysts predict that Texas Roadhouse will post $1.93 earnings per share for the current fiscal year.

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In related news, Director Kathy Widmer sold 2,000 shares of the business’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 transaction of $95,900.00. Following the completion of the transaction, the director now owns 11,750 shares in the company, valued at $563,412.50. The sale was disclosed in a 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 that occurred on Friday, August 11th. The shares were sold at an average price of $49.25, for a total transaction of $123,125.00. Following the transaction, the insider now owns 15,184 shares of the company’s stock, valued at approximately $747,812. The disclosure for this sale can be found here. 7.40% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently modified their holdings of the stock. YorkBridge Wealth Partners LLC grew its holdings in Texas Roadhouse by 4.2% during 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 during the period. Creative Planning grew its holdings in Texas Roadhouse by 11.2% during 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 during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Texas Roadhouse by 11.0% during 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 during the period. Advisor Group Inc. grew its holdings in Texas Roadhouse by 26.8% during 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 during the period. Finally, Public Employees Retirement System of Ohio grew its holdings in Texas Roadhouse by 4.3% during 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 during the period. Hedge funds and other institutional investors own 85.97% of the company’s stock.

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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