Nationwide Fund Advisors lifted its stake in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 72.1% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 559,537 shares of the restaurant operator’s stock after acquiring an additional 234,354 shares during the quarter. Nationwide Fund Advisors owned 0.79% of Texas Roadhouse worth $28,508,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds also recently made changes to their positions in TXRH. Creative Planning grew its stake in shares of Texas Roadhouse by 11.2% in the second quarter. Creative Planning now owns 2,223 shares of the restaurant operator’s stock worth $113,000 after acquiring an additional 224 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Texas Roadhouse by 11.0% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,612 shares of the restaurant operator’s stock worth $133,000 after acquiring an additional 258 shares during the period. Public Employees Retirement System of Ohio grew its stake in shares of Texas Roadhouse by 4.3% in the first quarter. Public Employees Retirement System of Ohio now owns 3,393 shares of the restaurant operator’s stock worth $151,000 after acquiring an additional 141 shares during the period. Victory Capital Management Inc. grew its stake in shares of Texas Roadhouse by 227.8% in the first quarter. Victory Capital Management Inc. now owns 4,170 shares of the restaurant operator’s stock worth $186,000 after acquiring an additional 2,898 shares during the period. Finally, World Asset Management Inc bought a new stake in shares of Texas Roadhouse in the second quarter worth approximately $206,000. Hedge funds and other institutional investors own 86.22% of the company’s stock.
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TXRH has been the subject of a number of research analyst reports. BMO Capital Markets upgraded shares of Texas Roadhouse from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from $48.00 to $58.00 in a research note on Thursday, June 22nd. BidaskClub lowered shares of Texas Roadhouse from a “buy” rating to a “hold” rating in a research report on Sunday, July 16th. Deutsche Bank AG restated a “hold” rating and set a $53.00 target price (up from $49.00) on shares of Texas Roadhouse in a research report on Monday, July 10th. Jefferies Group LLC restated a “sell” rating and set a $40.00 target price on shares of Texas Roadhouse in a research report on Friday, June 2nd. Finally, Longbow Research restated a “buy” rating and set a $56.00 target price on shares of Texas Roadhouse in a research report on Monday, July 3rd. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and seven have given a buy rating to the stock. Texas Roadhouse has a consensus rating of “Hold” and an average price target of $50.56.
Texas Roadhouse, Inc. (NASDAQ TXRH) traded up 2.33% during trading on Friday, hitting $49.29. 1,019,017 shares of the company’s stock were exchanged. The firm has a market cap of $3.50 billion, a price-to-earnings ratio of 29.67 and a beta of 0.56. The company’s 50-day moving average price is $47.97 and its 200 day moving average price is $47.52. Texas Roadhouse, Inc. has a 12-month low of $37.23 and a 12-month high of $51.91.
Texas Roadhouse (NASDAQ:TXRH) last issued its quarterly earnings data on Monday, July 31st. The restaurant operator reported $0.53 EPS for the quarter, hitting analysts’ consensus estimates of $0.53. The business had revenue of $566.30 million for the quarter, compared to analysts’ expectations of $563.23 million. Texas Roadhouse had a net margin of 5.63% and a return on equity of 16.49%. The business’s revenue was up 11.3% on a year-over-year basis. During the same quarter last year, the company earned $0.47 EPS. Equities analysts forecast that Texas Roadhouse, Inc. will post $1.93 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Wednesday, September 13th will be paid a dividend of $0.21 per share. The ex-dividend date of this dividend is Tuesday, September 12th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.70%. Texas Roadhouse’s payout ratio is 50.60%.
In other news, insider S. Chris Jacobsen sold 2,500 shares of the firm’s stock in a transaction that occurred on Friday, August 11th. The shares were sold at an average price of $49.25, for a total transaction of $123,125.00. Following the sale, the insider now owns 15,184 shares of the company’s stock, valued at approximately $747,812. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 7.40% of the stock is owned by company insiders.
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.
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