Texas Roadhouse Inc (NASDAQ:TXRH)’s share price hit a new 52-week low on Wednesday . The stock traded as low as $50.82 and last traded at $50.88, with a volume of 15093 shares. The stock had previously closed at $53.08.

Several research analysts recently weighed in on TXRH shares. Evercore ISI started coverage on shares of Texas Roadhouse in a report on Tuesday, June 11th. They issued an “in-line” rating and a $55.00 target price for the company. Deutsche Bank started coverage on shares of Texas Roadhouse in a report on Friday, June 28th. They issued a “hold” rating and a $56.00 target price for the company. Maxim Group reaffirmed a “buy” rating and issued a $66.00 target price (up previously from $63.00) on shares of Texas Roadhouse in a report on Friday, July 26th. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $60.00 target price (up previously from $58.00) on shares of Texas Roadhouse in a report on Tuesday, July 30th. Finally, Wells Fargo & Co dropped their target price on shares of Texas Roadhouse from $63.00 to $58.00 and set a “market perform” rating for the company in a report on Tuesday, April 30th. Two analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and eight have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $62.70.

The company’s fifty day moving average price is $54.33. The company has a market capitalization of $3.79 billion, a price-to-earnings ratio of 23.21, a P/E/G ratio of 2.10 and a beta of 0.60. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.56 and a current ratio of 0.61.

Texas Roadhouse (NASDAQ:TXRH) last released its quarterly earnings data on Monday, July 29th. The restaurant operator reported $0.63 EPS for the quarter, beating the consensus estimate of $0.62 by $0.01. Texas Roadhouse had a net margin of 5.99% and a return on equity of 16.30%. The business had revenue of $689.80 million during the quarter, compared to the consensus estimate of $688.11 million. During the same quarter in the prior year, the firm earned $0.62 EPS. The business’s revenue was up 9.6% on a year-over-year basis. Equities analysts predict that Texas Roadhouse Inc will post 2.3 EPS for the current year.

In related news, Director Gregory N. Moore sold 23,000 shares of the stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $55.53, for a total value of $1,277,190.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider S. Chris Jacobsen sold 2,500 shares of the stock in a transaction dated Tuesday, July 30th. The shares were sold at an average price of $60.00, for a total transaction of $150,000.00. Following the completion of the transaction, the insider now directly owns 21,197 shares of the company’s stock, valued at approximately $1,271,820. The disclosure for this sale can be found here. 5.89% of the stock is owned by corporate insiders.

Large investors have recently made changes to their positions in the stock. Truvestments Capital LLC bought a new position in shares of Texas Roadhouse in the 2nd quarter valued at about $29,000. Advisory Services Network LLC lifted its holdings in shares of Texas Roadhouse by 49.6% in the 2nd quarter. Advisory Services Network LLC now owns 603 shares of the restaurant operator’s stock valued at $32,000 after acquiring an additional 200 shares during the last quarter. Steward Partners Investment Advisory LLC purchased a new stake in Texas Roadhouse in the 2nd quarter worth about $47,000. Tower Research Capital LLC TRC raised its position in Texas Roadhouse by 1,573.8% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,021 shares of the restaurant operator’s stock worth $55,000 after purchasing an additional 960 shares during the period. Finally, FTB Advisors Inc. raised its position in Texas Roadhouse by 129.8% in the 2nd quarter. FTB Advisors Inc. now owns 1,110 shares of the restaurant operator’s stock worth $59,000 after purchasing an additional 627 shares during the period. 87.64% of the stock is owned by hedge funds and other institutional investors.

About Texas Roadhouse (NASDAQ:TXRH)

Texas Roadhouse, Inc, together with its subsidiaries, operates casual dining restaurants in the United States and internationally. The company operates and franchises Texas Roadhouse and Bubba's 33 restaurants. As of April 29, 2019, it owned and operated approximately 590 restaurants. Texas Roadhouse, Inc was founded in 1993 and is based in Louisville, Kentucky.

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