Shares of Texas Roadhouse Inc. (NASDAQ:TXRH) were down 6.5% during mid-day trading on Tuesday . The company traded as low as $45.45 and last traded at $45.81, with a volume of 1,634,571 shares traded. The stock had previously closed at $48.98.

A number of analysts have issued reports on TXRH shares. BMO Capital Markets reissued a “hold” rating on shares of Texas Roadhouse in a research report on Tuesday, May 3rd. Zacks Investment Research raised Texas Roadhouse from a “hold” rating to a “buy” rating and set a $49.00 target price for the company in a research report on Friday, May 6th. Longbow Research reissued a “buy” rating on shares of Texas Roadhouse in a research report 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 report on Tuesday, May 3rd. Finally, Maxim Group reiterated a “buy” rating and issued a $48.00 price target (up from $45.00) on shares of Texas Roadhouse in a research report on Tuesday, April 5th. Three analysts have rated the stock with a sell rating, fifteen have given a hold rating and three have given 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 stock has a 50 day moving average of $46.07 and a 200 day moving average of $42.35. The stock has a market capitalization of $3.24 billion and a PE ratio of 32.70.

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 the Thomson Reuters’ consensus estimate of $0.54 by $0.04. The business had revenue of $515.60 million for the quarter, compared to the consensus estimate of $515.58 million. During the same quarter in the prior year, the firm earned $0.46 earnings per share. The business’s revenue was up 12.0% compared to the same quarter last year. On average, equities research analysts forecast that Texas Roadhouse Inc. will post $1.75 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 1st. Shareholders of record on Wednesday, June 15th were given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 1.65%. The ex-dividend date was Monday, June 13th.

In other Texas Roadhouse news, Director Kathy Widmer sold 6,000 shares of the firm’s stock in a transaction on Thursday, May 5th. The shares were sold at an average price of $44.20, for a total transaction of $265,200.00. Following 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, General Counsel Celia Catlett sold 966 shares of the firm’s stock in a transaction on Friday, June 10th. The stock was sold at an average price of $46.20, for a total transaction of $44,629.20. Following the transaction, the general counsel now directly owns 10,500 shares in the company, valued at $485,100. The disclosure for this sale can be found here.

Other hedge funds and institutional investors have modified their holdings of the company. Eagle Asset Management increased 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 valued at $42,260,000 after buying an additional 576,400 shares during the last quarter. Sei Investments Co. increased its stake in shares of Texas Roadhouse by 14.9% in the fourth quarter. Sei Investments Co. now owns 76,128 shares of the company’s stock valued at $2,723,000 after buying an additional 9,865 shares during the last quarter. Rhumbline Advisers increased its stake in shares of Texas Roadhouse by 7.1% in the fourth quarter. Rhumbline Advisers now owns 103,962 shares of the company’s stock valued at $3,719,000 after buying an additional 6,905 shares during the last quarter. Comerica Bank increased its stake in shares of 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 during the last quarter. Finally, New York State Common Retirement Fund increased its stake in shares of 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 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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