Bank of New York Mellon Corp Has $127.86 Million Holdings in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Bank of New York Mellon Corp increased its stake in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 0.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 744,624 shares of the restaurant operator’s stock after buying an additional 2,578 shares during the quarter. Bank of New York Mellon Corp’s holdings in Texas Roadhouse were worth $127,859,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in TXRH. International Assets Investment Management LLC boosted its holdings in shares of Texas Roadhouse by 12,123.2% in the 4th quarter. International Assets Investment Management LLC now owns 13,690 shares of the restaurant operator’s stock valued at $1,673,000 after buying an additional 13,578 shares during the last quarter. CWM LLC lifted its holdings in Texas Roadhouse by 15.0% during the 4th quarter. CWM LLC now owns 1,859 shares of the restaurant operator’s stock valued at $227,000 after purchasing an additional 242 shares during the last quarter. GAMMA Investing LLC acquired a new stake in Texas Roadhouse during the 4th quarter valued at $88,000. Truist Financial Corp lifted its holdings in Texas Roadhouse by 2.9% during the 4th quarter. Truist Financial Corp now owns 51,752 shares of the restaurant operator’s stock valued at $6,326,000 after purchasing an additional 1,441 shares during the last quarter. Finally, Mach 1 Financial Group LLC acquired a new stake in Texas Roadhouse during the 4th quarter valued at $224,000. Institutional investors and hedge funds own 94.82% of the company’s stock.

Texas Roadhouse Stock Performance

Shares of NASDAQ TXRH opened at $167.79 on Tuesday. Texas Roadhouse, Inc. has a 52 week low of $91.06 and a 52 week high of $177.72. The stock has a market capitalization of $11.19 billion, a P/E ratio of 33.97, a PEG ratio of 1.52 and a beta of 1.01. The stock’s fifty day moving average is $169.31 and its 200 day moving average is $161.12.

Texas Roadhouse (NASDAQ:TXRH) last released its earnings results on Thursday, July 25th. The restaurant operator reported $1.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.64 by $0.15. Texas Roadhouse had a return on equity of 30.94% and a net margin of 7.47%. The firm had revenue of $1.34 billion for the quarter, compared to analysts’ expectations of $1.34 billion. During the same quarter in the previous year, the business posted $1.22 earnings per share. The business’s revenue for the quarter was up 14.5% on a year-over-year basis. Equities research analysts forecast that Texas Roadhouse, Inc. will post 6.32 earnings per share for the current year.

Texas Roadhouse Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 24th. Shareholders of record on Wednesday, September 4th will be given a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a yield of 1.45%. The ex-dividend date of this dividend is Wednesday, September 4th. Texas Roadhouse’s dividend payout ratio is presently 49.39%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on TXRH. BTIG Research raised their price target on Texas Roadhouse from $175.00 to $190.00 and gave the company a “buy” rating in a report on Friday, July 26th. Robert W. Baird raised their price target on Texas Roadhouse from $178.00 to $182.00 and gave the company an “outperform” rating in a report on Friday, May 3rd. JPMorgan Chase & Co. cut their price target on Texas Roadhouse from $184.00 to $180.00 and set a “neutral” rating for the company in a report on Monday, July 29th. Wedbush increased their price objective on Texas Roadhouse from $180.00 to $190.00 and gave the stock an “outperform” rating in a research report on Friday, July 19th. Finally, Royal Bank of Canada increased their price objective on Texas Roadhouse from $165.00 to $175.00 and gave the stock a “sector perform” rating in a research report on Friday, June 7th. Thirteen investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $171.85.

Texas Roadhouse Company Profile

Texas Roadhouse, Inc, together with its subsidiaries, operates casual dining restaurants in the United States and internationally. It also operates and franchises restaurants under the Texas Roadhouse, Bubba's 33, and Jaggers names in 49 states and ten internationally. Texas Roadhouse, Inc was founded in 1993 and is based in Louisville, Kentucky.