Royce & Associates LP reduced its stake in Texas Roadhouse Inc (NASDAQ:TXRH) by 43.9% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 55,000 shares of the restaurant operator’s stock after selling 43,000 shares during the quarter. Royce & Associates LP owned about 0.08% of Texas Roadhouse worth $3,603,000 as of its most recent SEC filing.
Several other institutional investors also recently made changes to their positions in the stock. BlackRock Inc. increased its holdings in Texas Roadhouse by 25.5% in the 1st quarter. BlackRock Inc. now owns 8,815,125 shares of the restaurant operator’s stock worth $509,337,000 after buying an additional 1,793,043 shares during the period. Prudential Financial Inc. grew its stake in shares of Texas Roadhouse by 13.4% during the 1st quarter. Prudential Financial Inc. now owns 1,217,997 shares of the restaurant operator’s stock worth $70,376,000 after purchasing an additional 144,380 shares during the period. Lord Abbett & CO. LLC grew its stake in shares of Texas Roadhouse by 11.3% during the 1st quarter. Lord Abbett & CO. LLC now owns 807,529 shares of the restaurant operator’s stock worth $46,659,000 after purchasing an additional 81,975 shares during the period. Eaton Vance Management grew its stake in shares of Texas Roadhouse by 30.1% during the 1st quarter. Eaton Vance Management now owns 768,808 shares of the restaurant operator’s stock worth $44,422,000 after purchasing an additional 177,666 shares during the period. Finally, Royal Bank of Canada grew its stake in shares of Texas Roadhouse by 0.7% during the 1st quarter. Royal Bank of Canada now owns 729,337 shares of the restaurant operator’s stock worth $42,141,000 after purchasing an additional 4,883 shares during the period. 91.44% of the stock is owned by hedge funds and other institutional investors.
A number of equities research analysts recently issued reports on the stock. BidaskClub raised shares of Texas Roadhouse from a “hold” rating to a “buy” rating in a research note on Saturday, August 18th. Zacks Investment Research cut shares of Texas Roadhouse from a “buy” rating to a “hold” rating in a research note on Wednesday, July 18th. Telsey Advisory Group lifted their price target on shares of Texas Roadhouse from $64.00 to $70.00 and gave the company a “market perform” rating in a research note on Wednesday, July 11th. BMO Capital Markets dropped their price target on shares of Texas Roadhouse from $64.00 to $62.00 and set a “hold” rating on the stock in a research note on Tuesday, July 31st. Finally, Wedbush decreased their price objective on Texas Roadhouse from $73.00 to $67.00 and set an “outperform” rating on the stock in a report on Tuesday, July 31st. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and eleven have issued a buy rating to the stock. Texas Roadhouse currently has a consensus rating of “Hold” and an average price target of $64.02.
Shares of TXRH opened at $70.54 on Wednesday. The stock has a market capitalization of $4.93 billion, a P/E ratio of 31.20, a P/E/G ratio of 2.49 and a beta of 0.63. Texas Roadhouse Inc has a 12-month low of $44.29 and a 12-month high of $70.86.
Texas Roadhouse (NASDAQ:TXRH) last issued its quarterly earnings data on Monday, July 30th. The restaurant operator reported $0.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.67 by ($0.05). The company had revenue of $629.24 million during the quarter, compared to analysts’ expectations of $634.52 million. Texas Roadhouse had a net margin of 6.76% and a return on equity of 18.15%. The firm’s quarterly revenue was up 11.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.53 earnings per share. equities analysts predict that Texas Roadhouse Inc will post 2.34 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 28th. Investors of record on Wednesday, September 12th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Tuesday, September 11th. This represents a $1.00 annualized dividend and a yield of 1.42%. Texas Roadhouse’s dividend payout ratio (DPR) is currently 50.76%.
In other Texas Roadhouse news, CFO Tonya Robinson sold 1,023 shares of Texas Roadhouse stock in a transaction dated Wednesday, August 22nd. The stock was sold at an average price of $67.17, for a total value of $68,714.91. Following the completion of the transaction, the chief financial officer now directly owns 2 shares of the company’s stock, valued at approximately $134.34. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 5.89% of the company’s stock.
Texas Roadhouse Company Profile
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 February 20, 2018, it owned and operated approximately 550 restaurants. Texas Roadhouse, Inc was founded in 1993 and is based in Louisville, Kentucky.
Recommended Story: How Important is Technical Analysis of Stocks
Receive News & Ratings for Texas Roadhouse Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Texas Roadhouse and related companies with MarketBeat.com's FREE daily email newsletter.