Texas Roadhouse, Inc. (NASDAQ:TXRH) had its price objective cut by Barclays PLC from $56.00 to $55.00 in a report released on Wednesday morning. They currently have an overweight rating on the restaurant operator’s stock.

TXRH has been the topic of several other research reports. BMO Capital Markets upgraded Texas Roadhouse from a market perform rating to an outperform rating and raised their price target for the company from $48.00 to $58.00 in a research note on Thursday, June 22nd. BidaskClub upgraded Texas Roadhouse from a hold rating to a buy rating in a research note on Thursday, June 29th. 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. 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, 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. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and eight have issued a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus target price of $50.74.

Shares of Texas Roadhouse (NASDAQ:TXRH) traded down 0.30% on Wednesday, reaching $50.60. 244,944 shares of the company’s stock were exchanged. The stock has a market cap of $3.59 billion, a price-to-earnings ratio of 30.46 and a beta of 0.57. Texas Roadhouse has a one year low of $38.54 and a one year high of $51.91. The company’s 50 day moving average is $48.53 and its 200-day moving average is $48.62.

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

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The business also recently announced a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Wednesday, September 13th were paid a $0.21 dividend. The ex-dividend date of this dividend was Tuesday, September 12th. This represents a $0.84 annualized dividend and a yield of 1.66%. Texas Roadhouse’s dividend payout ratio (DPR) is presently 50.60%.

In other Texas Roadhouse news, Director Kathy Widmer sold 2,000 shares of the firm’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 sale, the director now owns 11,750 shares of the company’s stock, valued at $563,412.50. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider S. Chris Jacobsen sold 2,500 shares of the firm’s stock in a transaction dated 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 sale, 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. 7.40% of the stock is owned by insiders.

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

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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