Texas Roadhouse, Inc. (NASDAQ:TXRH)‘s stock had its “hold” rating reiterated by investment analysts at Oppenheimer Holdings, Inc. in a research note issued on Tuesday. Oppenheimer Holdings also issued estimates for Texas Roadhouse’s Q4 2017 earnings at $0.38 EPS.

TXRH has been the subject of a number of other reports. Zacks Investment Research cut Texas Roadhouse from a “buy” rating to a “hold” rating in a research report on Tuesday, July 25th. Jefferies Group LLC reissued a “sell” rating and set a $40.00 price target on shares of Texas Roadhouse in a report on Thursday, August 31st. Longbow Research reissued a “buy” rating and set a $56.00 price target on shares of Texas Roadhouse in a report on Monday, July 3rd. Deutsche Bank AG reissued a “hold” rating and set a $53.00 price target (up from $49.00) on shares of Texas Roadhouse in a report on Monday, July 10th. Finally, Barclays PLC dropped their price target on Texas Roadhouse from $56.00 to $55.00 and set an “overweight” rating for the company in a report on Wednesday, October 18th. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have assigned a buy rating to the stock. Texas Roadhouse currently has an average rating of “Hold” and a consensus target price of $51.05.

Texas Roadhouse (NASDAQ:TXRH) last released its quarterly earnings data on Monday, October 30th. The restaurant operator reported $0.43 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.43. Texas Roadhouse had a return on equity of 16.96% and a net margin of 5.73%. The company had revenue of $540.50 million during the quarter, compared to analysts’ expectations of $538.15 million. During the same period last year, the firm posted $0.36 earnings per share. The business’s revenue was up 12.2% on a year-over-year basis.

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In other news, 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 owns 15,184 shares in the company, valued at approximately $747,812. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Kathy Widmer sold 2,000 shares of Texas Roadhouse stock in a transaction 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 owns 11,750 shares in the company, valued at approximately $563,412.50. The disclosure for this sale can be found here. 6.60% of the stock is owned by insiders.

Several institutional investors and hedge funds have recently modified their holdings of the company. Seven Bridges Advisors LLC increased its stake in shares of 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 purchasing an additional 39 shares during the last quarter. YorkBridge Wealth Partners LLC increased its stake in shares of 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 purchasing an additional 87 shares during the last quarter. Sawtooth Solutions LLC increased its stake in shares of 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 purchasing an additional 91 shares during the last quarter. Teacher Retirement System of Texas increased its stake 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 valued at $272,000 after purchasing an additional 127 shares during the last quarter. Finally, Public Employees Retirement System of Ohio increased its stake in shares of Texas Roadhouse by 4.3% in the 1st 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 last quarter. Institutional investors own 86.39% of the company’s stock.

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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