BMO Capital Markets reissued their buy rating on shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) in a report issued on Wednesday morning. BMO Capital Markets currently has a $58.00 target price on the restaurant operator’s stock.

Several other equities research analysts have also commented on TXRH. Zacks Investment Research raised Texas Roadhouse from a sell rating to a hold rating in a research note on Thursday, May 4th. Raymond James Financial, Inc. reaffirmed a market perform rating on shares of Texas Roadhouse in a research note on Tuesday, July 25th. Canaccord Genuity upped their target price on Texas Roadhouse from $42.00 to $49.00 and gave the company a hold rating in a research note on Wednesday, May 3rd. Barclays PLC upped their target price on Texas Roadhouse from $47.00 to $53.00 and gave the company an overweight rating in a research note on Tuesday, May 2nd. Finally, Royal Bank Of Canada upped their target price on Texas Roadhouse from $49.00 to $53.00 and gave the company a sector perform rating in a research note on Tuesday, May 2nd. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have assigned a buy rating to the company’s stock. Texas Roadhouse currently has an average rating of Hold and an average price target of $50.11.

Shares of Texas Roadhouse (NASDAQ TXRH) opened at 48.39 on Wednesday. The company has a 50 day moving average price of $50.01 and a 200 day moving average price of $47.15. The firm has a market cap of $3.43 billion, a PE ratio of 29.13 and a beta of 0.54. Texas Roadhouse has a 12-month low of $37.23 and a 12-month high of $51.91.

Texas Roadhouse (NASDAQ:TXRH) last announced its quarterly earnings results on Monday, July 31st. The restaurant operator reported $0.53 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.53. The business had revenue of $566.30 million for the quarter, compared to analyst estimates of $563.23 million. Texas Roadhouse had a return on equity of 16.49% and a net margin of 5.63%. The company’s quarterly revenue was up 11.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.47 EPS. On average, analysts forecast that Texas Roadhouse will post $1.93 earnings per share for the current fiscal year.

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In other news, Director Kathy Widmer sold 5,200 shares of the company’s stock in a transaction on Wednesday, May 31st. The stock was sold at an average price of $48.97, for a total transaction of $254,644.00. Following the completion of the sale, the director now directly owns 13,750 shares in the company, valued at approximately $673,337.50. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Scott Matthew Colosi sold 10,000 shares of the company’s stock in a transaction on Tuesday, May 9th. The stock was sold at an average price of $49.54, for a total value of $495,400.00. Following the sale, the insider now owns 60,058 shares of the company’s stock, valued at $2,975,273.32. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 17,037 shares of company stock valued at $841,802. Insiders own 7.40% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the company. Northwestern Mutual Investment Management Company LLC increased its stake in Texas Roadhouse by 0.3% in the first quarter. Northwestern Mutual Investment Management Company LLC now owns 11,092 shares of the restaurant operator’s stock worth $494,000 after buying an additional 32 shares during the last quarter. Seven Bridges Advisors LLC increased its stake in Texas Roadhouse by 0.5% in the second quarter. Seven Bridges Advisors LLC now owns 8,077 shares of the restaurant operator’s stock worth $412,000 after buying an additional 39 shares during the last quarter. PNC Financial Services Group Inc. increased its stake in Texas Roadhouse by 0.3% in the first quarter. PNC Financial Services Group Inc. now owns 27,680 shares of the restaurant operator’s stock worth $1,232,000 after buying an additional 78 shares during the last quarter. Genesee Valley Trust Co. increased its stake in Texas Roadhouse by 1.6% in the first quarter. Genesee Valley Trust Co. now owns 7,457 shares of the restaurant operator’s stock worth $332,000 after buying an additional 121 shares during the last quarter. Finally, Teacher Retirement System of Texas increased its stake in Texas Roadhouse by 2.4% in the second quarter. Teacher Retirement System of Texas now owns 5,346 shares of the restaurant operator’s stock worth $272,000 after buying an additional 127 shares during the last quarter. Institutional investors and hedge funds own 88.37% of the company’s stock.

Texas Roadhouse Company Profile

Texas Roadhouse, Inc is a restaurant company, which operates in the casual dining segment. The Company offers an assortment of seasoned and aged steaks, all cooked over open grills and all but one hand cut daily on the premises. Its restaurants offer a range of menu items at prices that are designed to appeal to a range of consumer tastes.

Analyst Recommendations for Texas Roadhouse (NASDAQ:TXRH)

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