Texas Roadhouse Inc (NASDAQ:TXRH) had its price objective trimmed by Barclays PLC from $56.00 to $55.00 in a report released on Wednesday morning. The brokerage currently has an overweight rating on the restaurant operator’s stock.

Other equities research analysts also recently issued research reports about the stock. BMO Capital Markets reaffirmed a buy rating and set a $58.00 price target on shares of Texas Roadhouse in a research note on Wednesday, August 2nd. Maxim Group reaffirmed a buy rating and set a $55.00 price target on shares of Texas Roadhouse in a research note on Friday, July 28th. Longbow Research reaffirmed a buy rating and set a $56.00 price target on shares of Texas Roadhouse in a research note on Monday, July 3rd. BidaskClub raised shares of Texas Roadhouse from a hold rating to a buy rating in a research note on Thursday, June 29th. Finally, Zacks Investment Research raised shares of Texas Roadhouse from a hold rating to a buy rating and set a $56.00 price target on the stock in a research note on Friday, July 21st. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating and eight have given a buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus price target of $50.74.

Texas Roadhouse (TXRH) traded down 0.28% during mid-day trading on Wednesday, hitting $50.36. The stock had a trading volume of 808,099 shares. Texas Roadhouse has a one year low of $38.54 and a one year high of $52.02. The company has a market cap of $3.58 billion, a price-to-earnings ratio of 30.32 and a beta of 0.57. The company has a 50 day moving average price of $48.71 and a 200-day moving average price of $48.68.

Texas Roadhouse (NASDAQ:TXRH) last issued its earnings results on Monday, July 31st. The restaurant operator reported $0.53 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.53. Texas Roadhouse had a net margin of 6.92% and a return on equity of 19.24%. The business had revenue of $566.30 million for the quarter, compared to the consensus estimate of $563.23 million. During the same quarter last year, the firm posted $0.47 EPS. The business’s revenue for the quarter was up 11.3% compared to the same quarter last year. Equities analysts expect that Texas Roadhouse will post $1.93 earnings per share for the current fiscal year.

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The business also recently announced a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Wednesday, September 13th were given a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 1.67%. The ex-dividend date of this dividend was Tuesday, September 12th. Texas Roadhouse’s payout ratio is currently 50.60%.

In other news, insider S. Chris Jacobsen sold 2,500 shares of Texas Roadhouse stock in a transaction dated Friday, August 11th. The shares were sold at an average price of $49.25, for a total value of $123,125.00. Following the completion of the transaction, the insider now directly owns 15,184 shares of the company’s stock, valued at approximately $747,812. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Kathy Widmer sold 2,000 shares of Texas Roadhouse stock in a transaction dated Thursday, September 21st. The shares were sold at an average price of $47.95, for a total transaction of $95,900.00. Following the completion of the transaction, the director now directly owns 11,750 shares of the company’s stock, valued at $563,412.50. The disclosure for this sale can be found here. Insiders own 7.40% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Mutual of America Capital Management LLC boosted its holdings in shares of Texas Roadhouse by 5.1% in the 3rd quarter. Mutual of America Capital Management LLC now owns 54,615 shares of the restaurant operator’s stock valued at $2,684,000 after buying an additional 2,638 shares during the period. Lord Abbett & CO. LLC acquired a new position in shares of Texas Roadhouse in the 2nd quarter valued at about $37,869,000. Public Employees Retirement System of Ohio boosted its holdings in shares of Texas Roadhouse by 1,965.7% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 70,090 shares of the restaurant operator’s stock valued at $3,571,000 after buying an additional 66,697 shares during the period. 1st Global Advisors Inc. boosted its holdings in shares of Texas Roadhouse by 22.3% in the 2nd quarter. 1st Global Advisors Inc. now owns 8,101 shares of the restaurant operator’s stock valued at $413,000 after buying an additional 1,476 shares during the period. Finally, Nomura Holdings Inc. acquired a new position in shares of Texas Roadhouse in the 2nd quarter valued at about $222,000. 85.97% of the stock is owned by institutional investors and hedge funds.

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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