Texas Roadhouse Inc (NASDAQ:TXRH) reached a new 52-week low on Tuesday . The company traded as low as $49.63 and last traded at $50.02, with a volume of 59342 shares changing hands. The stock had previously closed at $51.49.

A number of analysts recently weighed in on TXRH shares. Stifel Nicolaus decreased their price objective on Texas Roadhouse from $70.00 to $60.00 and set a “hold” rating for the company in a report on Tuesday, April 30th. Wells Fargo & Co decreased their price objective on Texas Roadhouse from $63.00 to $58.00 and set a “market perform” rating for the company in a report on Tuesday, April 30th. Maxim Group restated a “buy” rating and issued a $66.00 price objective (up from $63.00) on shares of Texas Roadhouse in a report on Friday, July 26th. Wedbush decreased their price objective on Texas Roadhouse from $62.00 to $56.00 and set a “neutral” rating for the company in a report on Tuesday, April 30th. Finally, Longbow Research upgraded Texas Roadhouse from a “neutral” rating to a “buy” rating and set a $65.00 price objective for the company in a report on Tuesday, May 7th. Three research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and eight have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $62.70.

The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.56 and a current ratio of 0.61. The stock has a fifty day simple moving average of $53.96 and a two-hundred day simple moving average of $57.35. The stock has a market capitalization of $3.58 billion, a price-to-earnings ratio of 22.45, a P/E/G ratio of 1.99 and a beta of 0.60.

Texas Roadhouse (NASDAQ:TXRH) last issued its quarterly earnings results on Monday, July 29th. The restaurant operator reported $0.63 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.62 by $0.01. Texas Roadhouse had a return on equity of 16.30% and a net margin of 5.99%. The firm had revenue of $689.80 million during the quarter, compared to the consensus estimate of $688.11 million. During the same period last year, the business posted $0.62 EPS. The business’s revenue was up 9.6% compared to the same quarter last year. Research analysts forecast that Texas Roadhouse Inc will post 2.29 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Wednesday, September 11th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Tuesday, September 10th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.43%. Texas Roadhouse’s dividend payout ratio (DPR) is presently 54.55%.

In other news, Director Gregory N. Moore sold 23,000 shares of the stock in a transaction dated Wednesday, July 31st. The shares were 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 accessible through the SEC website. Also, insider S. Chris Jacobsen sold 2,500 shares of the stock in a transaction dated Tuesday, July 30th. The stock was sold at an average price of $60.00, for a total transaction of $150,000.00. Following the transaction, the insider now directly owns 21,197 shares in the company, valued at approximately $1,271,820. The disclosure for this sale can be found here. 5.89% of the stock is owned by corporate insiders.

Hedge funds have recently added to or reduced their stakes in the company. Municipal Employees Retirement System of Michigan lifted its position in Texas Roadhouse by 1.6% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 12,330 shares of the restaurant operator’s stock valued at $662,000 after acquiring an additional 200 shares in the last quarter. Advisory Services Network LLC lifted its position in Texas Roadhouse by 49.6% in the 2nd quarter. Advisory Services Network LLC now owns 603 shares of the restaurant operator’s stock valued at $32,000 after acquiring an additional 200 shares in the last quarter. Russell Investments Group Ltd. lifted its position in Texas Roadhouse by 0.6% in the 2nd quarter. Russell Investments Group Ltd. now owns 42,535 shares of the restaurant operator’s stock valued at $2,284,000 after acquiring an additional 262 shares in the last quarter. Intrust Bank NA lifted its position in Texas Roadhouse by 2.4% in the 1st quarter. Intrust Bank NA now owns 11,741 shares of the restaurant operator’s stock valued at $730,000 after acquiring an additional 272 shares in the last quarter. Finally, Raymond James & Associates lifted its position in Texas Roadhouse by 0.9% in the 1st quarter. Raymond James & Associates now owns 39,968 shares of the restaurant operator’s stock valued at $2,486,000 after acquiring an additional 350 shares in the last quarter. 87.71% of the stock is currently owned by institutional investors.

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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