Texas Roadhouse Inc. (NASDAQ:TXRH) shares dropped 1% on Monday . The stock traded as low as $45.92 and last traded at $46.14, with a volume of 370,841 shares trading hands. The stock had previously closed at $46.61.

TXRH has been the topic of several analyst reports. BMO Capital Markets reiterated a “hold” rating on shares of Texas Roadhouse in a research note on Tuesday, May 3rd. Zacks Investment Research upgraded Texas Roadhouse from a “hold” rating to a “buy” rating and set a $49.00 target price on the stock in a research note on Friday, May 6th. Longbow Research reiterated a “buy” rating on shares of Texas Roadhouse in a research note on Saturday, April 2nd. Telsey Advisory Group lifted their price target on Texas Roadhouse from $44.00 to $48.00 and gave the company an “outperform” rating in a research note on Tuesday, May 3rd. Finally, Maxim Group restated a “buy” rating and issued a $48.00 price target (up from $45.00) on shares of Texas Roadhouse in a research note on Tuesday, April 5th. One research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and five have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $43.31.

The company’s 50-day moving average is $45.78 and its 200-day moving average is $41.95. The firm has a market capitalization of $3.25 billion and a PE ratio of 32.79.

Texas Roadhouse (NASDAQ:TXRH) last issued its quarterly earnings data on Monday, May 2nd. The company reported $0.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.54 by $0.04. The company earned $515.60 million during the quarter, compared to analyst estimates of $515.58 million. During the same period last year, the business earned $0.46 earnings per share. Texas Roadhouse’s quarterly revenue was up 12.0% on a year-over-year basis. Equities research analysts predict that Texas Roadhouse Inc. will post $1.75 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 1st. Investors of record on Wednesday, June 15th were issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 1.64%. The ex-dividend date was Monday, June 13th.

In related news, Director Kathy Widmer sold 6,000 shares of the stock in a transaction that occurred on Thursday, May 5th. The stock was sold at an average price of $44.20, for a total value of $265,200.00. Following the completion of the transaction, the director now directly owns 15,250 shares of the company’s stock, valued at approximately $674,050. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, General Counsel Celia Catlett sold 966 shares of the stock in a transaction that occurred on Friday, June 10th. The stock was sold at an average price of $46.20, for a total value of $44,629.20. Following the completion of the transaction, the general counsel now directly owns 10,500 shares of the company’s stock, valued at $485,100. The disclosure for this sale can be found here.

Other institutional investors have modified their holdings of the company. Jennison Associates LLC raised its position in shares of Texas Roadhouse by 4.0% in the fourth quarter. Jennison Associates LLC now owns 1,972,002 shares of the company’s stock worth $70,539,000 after buying an additional 75,878 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Texas Roadhouse by 6.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,507,907 shares of the company’s stock worth $53,938,000 after buying an additional 95,243 shares during the last quarter. Eagle Asset Management raised its position in shares of Texas Roadhouse by 103.0% in the third quarter. Eagle Asset Management now owns 1,136,044 shares of the company’s stock worth $42,260,000 after buying an additional 576,400 shares during the last quarter. OppenheimerFunds Inc. raised its position in shares of Texas Roadhouse by 10.6% in the fourth quarter. OppenheimerFunds Inc. now owns 711,752 shares of the company’s stock worth $25,459,000 after buying an additional 68,288 shares during the last quarter. Finally, Fiduciary Management Associates LLC raised its position in shares of Texas Roadhouse by 6.8% in the fourth quarter. Fiduciary Management Associates LLC now owns 657,825 shares of the company’s stock worth $23,532,000 after buying an additional 42,080 shares during the last quarter.

Texas Roadhouse, Inc is a restaurant company, which operates in the casual dining segment. The Company offers an assortment of seasoned and aged steaks hand-cut daily on the premises and cooked to order over open grills. In addition to steaks, the Company also offers its guests a selection of ribs, fish, seafood, chicken, pork chops, pulled pork and vegetable plates, and an assortment of hamburgers, salads and sandwiches.

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