Stephens lowered shares of Texas Roadhouse (NASDAQ:TXRH) from an overweight rating to an equal weight rating in a research note published on Wednesday, MarketBeat.com reports. Stephens currently has $70.00 price target on the restaurant operator’s stock, down from their previous price target of $75.00. The analysts noted that the move was a valuation call.

Other analysts also recently issued research reports about the stock. Barclays increased their price objective on shares of Texas Roadhouse from $70.00 to $72.00 and gave the company a $69.18 rating in a research report on Wednesday, July 18th. BidaskClub downgraded shares of Texas Roadhouse from a strong-buy rating to a buy rating in a research report on Wednesday, July 11th. Stifel Nicolaus raised their price target on shares of Texas Roadhouse from $68.00 to $72.00 and gave the stock a buy rating in a research report on Thursday, July 12th. Wedbush reissued a buy rating and set a $69.00 price target on shares of Texas Roadhouse in a research report on Wednesday, May 30th. Finally, Mizuho reissued a buy rating and set a $72.00 price target on shares of Texas Roadhouse in a research report on Friday, July 20th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of Hold and an average target price of $64.02.

Shares of NASDAQ:TXRH opened at $72.08 on Wednesday. Texas Roadhouse has a 52-week low of $47.51 and a 52-week high of $75.24. The company has a market capitalization of $5.18 billion, a price-to-earnings ratio of 36.59, a PEG ratio of 2.62 and a beta of 0.63.

Texas Roadhouse (NASDAQ:TXRH) last issued its quarterly earnings data on Monday, July 30th. The restaurant operator reported $0.62 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.67 by ($0.05). Texas Roadhouse had a net margin of 6.76% and a return on equity of 18.15%. The firm had revenue of $629.24 million during the quarter, compared to analyst estimates of $634.52 million. During the same period last year, the business earned $0.53 EPS. The firm’s revenue was up 11.1% compared to the same quarter last year. equities research analysts forecast that Texas Roadhouse will post 2.33 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 28th. Investors of record on Wednesday, September 12th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.39%. The ex-dividend date is Tuesday, September 11th. Texas Roadhouse’s dividend payout ratio (DPR) is presently 50.76%.

In related news, CFO Tonya Robinson sold 1,023 shares of the firm’s stock in a transaction on Wednesday, August 22nd. The stock was sold at an average price of $67.17, for a total transaction of $68,714.91. Following the transaction, the chief financial officer now directly owns 2 shares in the company, valued at $134.34. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider S. Chris Jacobsen sold 1,500 shares of the firm’s stock in a transaction on Tuesday, September 4th. The stock was sold at an average price of $70.00, for a total value of $105,000.00. Following the transaction, the insider now owns 15,033 shares in the company, valued at $1,052,310. The disclosure for this sale can be found here. Insiders have sold 4,023 shares of company stock worth $286,215 over the last 90 days. 5.89% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in TXRH. Wells Fargo & Company MN lifted its stake in Texas Roadhouse by 16.3% during the first quarter. Wells Fargo & Company MN now owns 204,010 shares of the restaurant operator’s stock worth $11,788,000 after purchasing an additional 28,644 shares during the last quarter. American Century Companies Inc. lifted its stake in Texas Roadhouse by 5.4% during the first quarter. American Century Companies Inc. now owns 143,046 shares of the restaurant operator’s stock worth $8,265,000 after purchasing an additional 7,351 shares during the last quarter. Swiss National Bank lifted its stake in Texas Roadhouse by 2.2% during the first quarter. Swiss National Bank now owns 117,500 shares of the restaurant operator’s stock worth $6,789,000 after purchasing an additional 2,500 shares during the last quarter. State of Wisconsin Investment Board lifted its stake in Texas Roadhouse by 27.6% during the first quarter. State of Wisconsin Investment Board now owns 231,000 shares of the restaurant operator’s stock worth $13,347,000 after purchasing an additional 50,000 shares during the last quarter. Finally, Chicago Equity Partners LLC lifted its stake in Texas Roadhouse by 11.9% during the first quarter. Chicago Equity Partners LLC now owns 12,855 shares of the restaurant operator’s stock worth $743,000 after purchasing an additional 1,370 shares during the last quarter. Hedge funds and other institutional investors own 91.44% of the company’s stock.

About Texas Roadhouse

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 February 20, 2018, it owned and operated approximately 550 restaurants. Texas Roadhouse, Inc was founded in 1993 and is based in Louisville, Kentucky.

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Analyst Recommendations for Texas Roadhouse (NASDAQ:TXRH)

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