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

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

The company’s 50-day moving average is $45.80 and its 200-day moving average is $41.99. The firm has a market capitalization of $3.29 billion and a price-to-earnings ratio of 33.174.

Texas Roadhouse (NASDAQ:TXRH) last posted its quarterly earnings data on Monday, May 2nd. The company reported $0.50 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.54 by $0.04. The company had revenue of $515.60 million for the quarter, compared to analyst estimates of $515.58 million. The company’s revenue for the quarter was up 12.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.46 earnings per share. On average, equities research analysts anticipate that Texas Roadhouse Inc. will post $1.76 earnings per share for the current fiscal year.

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

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

Several hedge funds have recently bought and sold shares of the company. Sawtooth Asset Management Inc. increased its stake in Texas Roadhouse by 8,260.1% in the fourth quarter. Sawtooth Asset Management Inc. now owns 30,598 shares of the company’s stock valued at $1,094,000 after buying an additional 30,232 shares in the last quarter. State of Wisconsin Investment Board increased its stake in Texas Roadhouse by 155.5% in the fourth quarter. State of Wisconsin Investment Board now owns 44,111 shares of the company’s stock valued at $1,578,000 after buying an additional 26,846 shares in the last quarter. State of Tennessee Treasury Department purchased a new stake in Texas Roadhouse during the fourth quarter valued at about $1,746,000. Comerica Bank increased its stake in Texas Roadhouse by 0.6% in the fourth quarter. Comerica Bank now owns 53,932 shares of the company’s stock valued at $1,868,000 after buying an additional 342 shares in the last quarter. Finally, New York State Common Retirement Fund increased its stake in Texas Roadhouse by 16.4% in the fourth quarter. New York State Common Retirement Fund now owns 74,353 shares of the company’s stock valued at $2,660,000 after buying an additional 10,453 shares in 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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