Texas Roadhouse Inc (NASDAQ:TXRH) shares reached a new 52-week low during trading on Wednesday . The stock traded as low as $50.82 and last traded at $50.88, with a volume of 15093 shares. The stock had previously closed at $53.08.

Several research analysts have recently commented on TXRH shares. BTIG Research upgraded Texas Roadhouse from a “neutral” rating to a “buy” rating and set a $64.00 price objective on the stock in a report on Friday, May 17th. KeyCorp started coverage on Texas Roadhouse in a report on Tuesday, July 23rd. They issued a “sector weight” rating on the stock. Raymond James reiterated a “hold” rating on shares of Texas Roadhouse in a report on Friday, June 21st. Robert W. Baird upgraded Texas Roadhouse from a “neutral” rating to an “outperform” rating and lifted their price objective for the stock from $61.00 to $65.00 in a report on Monday, May 13th. Finally, Wells Fargo & Co decreased their price objective on Texas Roadhouse from $63.00 to $58.00 and set a “market perform” rating on the stock in a report on Tuesday, April 30th. Two analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and eight have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $62.70.

The stock’s 50-day moving average is $54.33. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.61 and a quick ratio of 0.56. The stock has a market capitalization of $3.79 billion, a price-to-earnings ratio of 23.21, a P/E/G ratio of 2.10 and a beta of 0.60.

Texas Roadhouse (NASDAQ:TXRH) last posted its quarterly earnings data on Monday, July 29th. The restaurant operator reported $0.63 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.62 by $0.01. The business had revenue of $689.80 million for the quarter, compared to analysts’ expectations of $688.11 million. Texas Roadhouse had a return on equity of 16.30% and a net margin of 5.99%. The business’s revenue was up 9.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.62 EPS. As a group, equities analysts forecast that Texas Roadhouse Inc will post 2.3 earnings per share for the current year.

In other Texas Roadhouse news, Director Gregory N. Moore sold 23,000 shares of Texas Roadhouse stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $55.53, for a total transaction of $1,277,190.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider S. Chris Jacobsen sold 2,500 shares of Texas Roadhouse stock in a transaction that occurred on Tuesday, July 30th. The shares were sold at an average price of $60.00, for a total value of $150,000.00. Following the sale, the insider now directly owns 21,197 shares in the company, valued at $1,271,820. The disclosure for this sale can be found here. Insiders own 5.89% of the company’s stock.

Institutional investors have recently bought and sold shares of the business. BlackRock Inc. boosted its position in shares of Texas Roadhouse by 3.7% in the 2nd quarter. BlackRock Inc. now owns 8,553,667 shares of the restaurant operator’s stock worth $459,074,000 after purchasing an additional 308,212 shares in the last quarter. Neuberger Berman Group LLC boosted its position in shares of Texas Roadhouse by 10.0% in the 1st quarter. Neuberger Berman Group LLC now owns 2,140,950 shares of the restaurant operator’s stock worth $133,146,000 after purchasing an additional 195,111 shares in the last quarter. Invesco Ltd. boosted its position in shares of Texas Roadhouse by 40.3% in the 2nd quarter. Invesco Ltd. now owns 1,652,249 shares of the restaurant operator’s stock worth $88,676,000 after purchasing an additional 474,621 shares in the last quarter. Northern Trust Corp boosted its position in shares of Texas Roadhouse by 0.7% in the 2nd quarter. Northern Trust Corp now owns 1,309,094 shares of the restaurant operator’s stock worth $70,260,000 after purchasing an additional 9,465 shares in the last quarter. Finally, Marshall Wace LLP boosted its position in shares of Texas Roadhouse by 91.4% in the 2nd quarter. Marshall Wace LLP now owns 1,182,711 shares of the restaurant operator’s stock worth $63,476,000 after purchasing an additional 564,897 shares in the last quarter. 87.64% of the stock is currently owned by institutional investors and hedge funds.

Texas Roadhouse Company Profile (NASDAQ:TXRH)

Texas Roadhouse, Inc, together with its subsidiaries, operates casual dining restaurants in the United States and internationally. The company operates and franchises Texas Roadhouse and Bubba's 33 restaurants. As of April 29, 2019, it owned and operated approximately 590 restaurants. Texas Roadhouse, Inc was founded in 1993 and is based in Louisville, Kentucky.

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