Ameriprise Financial Inc. increased its position in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 7.2% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 689,180 shares of the restaurant operator’s stock after buying an additional 46,265 shares during the quarter. Ameriprise Financial Inc. owned 0.97% of Texas Roadhouse worth $35,115,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also recently added to or reduced their stakes in the stock. Creative Planning increased its stake in Texas Roadhouse by 11.2% in the 2nd quarter. Creative Planning now owns 2,223 shares of the restaurant operator’s stock worth $113,000 after purchasing an additional 224 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Texas Roadhouse by 11.0% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,612 shares of the restaurant operator’s stock worth $133,000 after purchasing an additional 258 shares during the period. Public Employees Retirement System of Ohio increased its stake in Texas Roadhouse by 4.3% in the 1st quarter. Public Employees Retirement System of Ohio now owns 3,393 shares of the restaurant operator’s stock worth $151,000 after purchasing an additional 141 shares during the period. World Asset Management Inc purchased a new position in Texas Roadhouse in the 2nd quarter worth approximately $206,000. Finally, Victory Capital Management Inc. increased its stake in Texas Roadhouse by 227.8% in the 1st quarter. Victory Capital Management Inc. now owns 4,170 shares of the restaurant operator’s stock worth $186,000 after purchasing an additional 2,898 shares during the period. Institutional investors own 85.98% of the company’s stock.
A number of brokerages have commented on TXRH. Robert W. Baird reaffirmed a “buy” rating and issued a $56.00 price target on shares of Texas Roadhouse in a research note on Tuesday, September 19th. Jefferies Group LLC reaffirmed a “sell” rating and issued a $40.00 price target on shares of Texas Roadhouse in a research note on Thursday, August 31st. BidaskClub raised Texas Roadhouse from a “strong sell” rating to a “sell” rating in a research note on Monday, August 14th. BMO Capital Markets reaffirmed a “buy” rating and issued a $58.00 price target on shares of Texas Roadhouse in a research note on Wednesday, August 2nd. Finally, Barclays PLC lifted their price target on Texas Roadhouse from $53.00 to $56.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 1st. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and seven have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $50.56.
Shares of Texas Roadhouse, Inc. (NASDAQ TXRH) opened at 48.12 on Monday. Texas Roadhouse, Inc. has a 52 week low of $37.23 and a 52 week high of $51.91. The company has a 50-day moving average price of $48.00 and a 200 day moving average price of $47.67. The stock has a market capitalization of $3.42 billion, a PE ratio of 28.97 and a beta of 0.56.
Texas Roadhouse (NASDAQ:TXRH) last released its quarterly earnings data on Monday, July 31st. The restaurant operator reported $0.53 EPS for the quarter, hitting the consensus estimate of $0.53. The company had revenue of $566.30 million for the quarter, compared to the consensus estimate of $563.23 million. Texas Roadhouse had a return on equity of 16.49% and a net margin of 5.63%. Texas Roadhouse’s quarterly revenue was up 11.3% on a year-over-year basis. During the same period last year, the business posted $0.47 EPS. Equities analysts forecast that Texas Roadhouse, Inc. will post $1.93 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Wednesday, September 13th will be issued a dividend of $0.21 per share. The ex-dividend date is Tuesday, September 12th. This represents a $0.84 annualized dividend and a yield of 1.75%. Texas Roadhouse’s payout ratio is currently 50.60%.
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In other Texas Roadhouse news, insider S. Chris Jacobsen sold 2,500 shares of the firm’s stock in a transaction on Friday, August 11th. The stock was sold at an average price of $49.25, for a total transaction of $123,125.00. Following the transaction, the insider now directly owns 15,184 shares in the company, valued at approximately $747,812. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Kathy Widmer sold 2,000 shares of the firm’s stock in a transaction on Thursday, September 21st. The stock was sold at an average price of $47.95, for a total value of $95,900.00. Following the transaction, the director now owns 11,750 shares in the company, valued at $563,412.50. The disclosure for this sale can be found here. Company insiders own 6.60% of the company’s stock.
Texas Roadhouse 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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