Texas Roadhouse Inc. (NASDAQ:TXRH)’s share price was down 11.8% on Tuesday . The company traded as low as $41.60 and last traded at $42.08, with a volume of 4,508,197 shares traded. The stock had previously closed at $47.70.

A number of equities analysts have recently weighed in on TXRH shares. Raymond James Financial Inc. cut shares of Texas Roadhouse from an “outperform” rating to a “market perform” rating in a research report on Monday, April 18th. They noted that the move was a valuation call. Zacks Investment Research cut shares of Texas Roadhouse from a “buy” rating to a “hold” rating in a research report on Wednesday, April 27th. Telsey Advisory Group boosted their price objective on shares of Texas Roadhouse from $44.00 to $48.00 and gave the company an “outperform” rating in a research report on Tuesday, May 3rd. Deutsche Bank AG reaffirmed a “hold” rating and issued a $45.00 price objective (up from $40.00) on shares of Texas Roadhouse in a research report on Tuesday, May 3rd. Finally, BMO Capital Markets reaffirmed a “hold” rating on shares of Texas Roadhouse in a research report on Tuesday, May 3rd. Two analysts have rated the stock with a sell rating, seventeen have issued a hold rating and three have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $43.24.

The company has a market cap of $3.01 billion and a price-to-earnings ratio of 26.877. The company’s 50-day moving average price is $45.97 and its 200 day moving average price is $42.81.

Texas Roadhouse (NASDAQ:TXRH) last posted its quarterly earnings results on Monday, August 1st. The company reported $0.47 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.02. During the same quarter in the previous year, the business posted $0.30 earnings per share. The company earned $509 million during the quarter, compared to analyst estimates of $509.80 million. The company’s revenue for the quarter was up 11.9% compared to the same quarter last year. Equities research analysts forecast that Texas Roadhouse Inc. will post $1.78 earnings per share for the current year.

In other Texas Roadhouse news, General Counsel Celia Catlett sold 966 shares of the firm’s stock in a transaction on Friday, June 10th. The shares were sold at an average price of $46.20, for a total value of $44,629.20. Following the completion of the sale, the general counsel now directly owns 10,500 shares in the company, valued at $485,100. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Several hedge funds and institutional investors have added to or reduced their stakes in TXRH. Comerica Bank raised its position in Texas Roadhouse by 0.6% in the fourth quarter. Comerica Bank now owns 53,932 shares of the company’s stock worth $1,868,000 after buying an additional 342 shares during the period. US Bancorp DE raised its position in Texas Roadhouse by 7.2% in the fourth quarter. US Bancorp DE now owns 96,529 shares of the company’s stock worth $3,452,000 after buying an additional 6,490 shares during the period. New York State Common Retirement Fund raised its position 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 worth $2,660,000 after buying an additional 10,453 shares during the period. Principal Financial Group Inc. raised its position in Texas Roadhouse by 4.6% in the fourth quarter. Principal Financial Group Inc. now owns 425,552 shares of the company’s stock worth $15,222,000 after buying an additional 18,903 shares during the period. Finally, State of Wisconsin Investment Board raised its position 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 worth $1,578,000 after buying an additional 26,846 shares during the period.

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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