Texas Roadhouse (NASDAQ:TXRH)’s share price reached a new 52-week high and low during trading on Tuesday . The company traded as low as $65.15 and last traded at $64.90, with a volume of 24491 shares. The stock had previously closed at $63.87.

A number of equities analysts recently commented on the company. Maxim Group reaffirmed a “buy” rating and issued a $67.00 price objective (up from $65.00) on shares of Texas Roadhouse in a research note on Wednesday, February 21st. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $64.00 price objective (up from $58.00) on shares of Texas Roadhouse in a research note on Thursday, February 15th. Stephens lifted their price objective on Texas Roadhouse to $62.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 21st. JPMorgan Chase & Co. lowered Texas Roadhouse from a “neutral” rating to an “underweight” rating and set a $54.00 price objective on the stock. in a research note on Wednesday, May 2nd. Finally, Morgan Stanley reaffirmed an “equal weight” rating and issued a $55.00 price objective (down from $57.00) on shares of Texas Roadhouse in a research note on Wednesday, February 21st. Three equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. Texas Roadhouse has an average rating of “Hold” and a consensus target price of $61.46.

The stock has a market cap of $4.57 billion, a PE ratio of 32.91, a P/E/G ratio of 2.26 and a beta of 0.54. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.85 and a quick ratio of 0.80.

Texas Roadhouse (NASDAQ:TXRH) last announced its earnings results on Monday, April 30th. The restaurant operator reported $0.76 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.76. Texas Roadhouse had a return on equity of 17.97% and a net margin of 6.66%. The company had revenue of $627.70 million for the quarter, compared to analysts’ expectations of $626.34 million. During the same quarter in the previous year, the firm earned $0.61 earnings per share. Texas Roadhouse’s quarterly revenue was up 10.6% on a year-over-year basis. analysts predict that Texas Roadhouse will post 2.39 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 29th. Shareholders of record on Wednesday, June 13th will be given a $0.25 dividend. The ex-dividend date is Tuesday, June 12th. This represents a $1.00 annualized dividend and a yield of 1.56%. Texas Roadhouse’s dividend payout ratio is currently 50.76%.

In other Texas Roadhouse news, Director Kathy Widmer sold 8,000 shares of the business’s stock in a transaction on Monday, March 26th. The stock was sold at an average price of $56.51, for a total value of $452,080.00. Following the transaction, the director now owns 10,950 shares of the company’s stock, valued at $618,784.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 5.89% of the stock is currently owned by insiders.

A number of hedge funds have recently bought and sold shares of the business. BlackRock Inc. boosted its position in Texas Roadhouse by 25.5% in the first quarter. BlackRock Inc. now owns 8,815,125 shares of the restaurant operator’s stock worth $509,337,000 after purchasing an additional 1,793,043 shares during the last quarter. Prudential Financial Inc. boosted its position in Texas Roadhouse by 13.4% in the first quarter. Prudential Financial Inc. now owns 1,217,997 shares of the restaurant operator’s stock worth $70,376,000 after purchasing an additional 144,380 shares during the last quarter. Bank of New York Mellon Corp boosted its position in Texas Roadhouse by 1.2% in the fourth quarter. Bank of New York Mellon Corp now owns 1,152,307 shares of the restaurant operator’s stock worth $60,703,000 after purchasing an additional 13,764 shares during the last quarter. Lord Abbett & CO. LLC boosted its position in Texas Roadhouse by 11.3% in the first quarter. Lord Abbett & CO. LLC now owns 807,529 shares of the restaurant operator’s stock worth $46,659,000 after purchasing an additional 81,975 shares during the last quarter. Finally, Eaton Vance Management boosted its position in Texas Roadhouse by 30.1% in the first quarter. Eaton Vance Management now owns 768,808 shares of the restaurant operator’s stock worth $44,422,000 after purchasing an additional 177,666 shares during the last quarter. 88.79% of the stock is currently owned by institutional investors and hedge funds.

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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