BNP PARIBAS ASSET MANAGEMENT Holding S.A. Has $4.86 Million Stock Holdings in Texas Roadhouse, Inc. (NASDAQ:TXRH)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. decreased its position in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 16.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 28,319 shares of the restaurant operator’s stock after selling 5,640 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A.’s holdings in Texas Roadhouse were worth $4,863,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of TXRH. Advisors Asset Management Inc. grew its holdings in shares of Texas Roadhouse by 4.8% during the first quarter. Advisors Asset Management Inc. now owns 2,679 shares of the restaurant operator’s stock worth $414,000 after purchasing an additional 122 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Texas Roadhouse during the 2nd quarter worth about $25,000. Bridge City Capital LLC increased its position in Texas Roadhouse by 0.8% in the 1st quarter. Bridge City Capital LLC now owns 19,245 shares of the restaurant operator’s stock valued at $2,973,000 after acquiring an additional 150 shares in the last quarter. LRI Investments LLC bought a new position in shares of Texas Roadhouse in the first quarter worth about $25,000. Finally, McClarren Financial Advisors Inc. lifted its position in shares of Texas Roadhouse by 4,175.0% during the second quarter. McClarren Financial Advisors Inc. now owns 171 shares of the restaurant operator’s stock worth $29,000 after purchasing an additional 167 shares in the last quarter. Institutional investors own 94.82% of the company’s stock.

Texas Roadhouse Stock Performance

Shares of NASDAQ:TXRH opened at $168.75 on Friday. Texas Roadhouse, Inc. has a 52-week low of $91.06 and a 52-week high of $177.72. The company has a market capitalization of $11.25 billion, a P/E ratio of 34.16, a price-to-earnings-growth ratio of 1.53 and a beta of 1.01. The company has a 50-day simple moving average of $169.23 and a 200 day simple moving average of $161.92.

Texas Roadhouse (NASDAQ:TXRH) last released its quarterly earnings data 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. The company had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.34 billion. Texas Roadhouse had a return on equity of 30.94% and a net margin of 7.47%. The business’s revenue was up 14.5% on a year-over-year basis. During the same period last year, the firm posted $1.22 earnings per share. As a group, equities analysts forecast that Texas Roadhouse, Inc. will post 6.32 earnings per share for the current year.

Texas Roadhouse Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on TXRH shares. Stifel Nicolaus boosted their target price on Texas Roadhouse from $155.00 to $175.00 and gave the stock a “hold” rating in a research report on Monday, May 6th. Royal Bank of Canada upped their target price on shares of Texas Roadhouse from $165.00 to $175.00 and gave the company a “sector perform” rating in a research note on Friday, June 7th. Evercore ISI upped their price objective on shares of Texas Roadhouse from $175.00 to $195.00 and gave the company an “outperform” rating in a research report on Friday, July 26th. Morgan Stanley increased their price target on Texas Roadhouse from $155.00 to $162.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 16th. Finally, JPMorgan Chase & Co. decreased their price objective on Texas Roadhouse from $184.00 to $180.00 and set a “neutral” rating for the company in a research report on Monday, July 29th. Thirteen analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, Texas Roadhouse has an average rating of “Hold” and a consensus target price of $171.85.

Texas Roadhouse 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.