Profund Advisors LLC Reduces Stake in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Profund Advisors LLC cut its stake in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 26.7% during the second quarter, HoldingsChannel reports. The firm owned 1,937 shares of the restaurant operator’s stock after selling 705 shares during the quarter. Profund Advisors LLC’s holdings in Texas Roadhouse were worth $333,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of TXRH. Corient Private Wealth LLC bought a new stake in Texas Roadhouse in the fourth quarter worth $873,000. US Bancorp DE boosted its stake in shares of Texas Roadhouse by 5.8% during the 4th quarter. US Bancorp DE now owns 11,369 shares of the restaurant operator’s stock worth $1,390,000 after purchasing an additional 620 shares during the period. Allianz Asset Management GmbH grew its holdings in Texas Roadhouse by 416.6% during the 4th quarter. Allianz Asset Management GmbH now owns 45,573 shares of the restaurant operator’s stock valued at $5,570,000 after purchasing an additional 36,751 shares during the last quarter. Treasurer of the State of North Carolina raised its position in Texas Roadhouse by 1.0% in the 4th quarter. Treasurer of the State of North Carolina now owns 29,650 shares of the restaurant operator’s stock worth $3,624,000 after purchasing an additional 290 shares during the period. Finally, TFO Wealth Partners LLC lifted its stake in Texas Roadhouse by 186,000.0% in the fourth quarter. TFO Wealth Partners LLC now owns 3,722 shares of the restaurant operator’s stock worth $455,000 after purchasing an additional 3,720 shares during the last quarter. Hedge funds and other institutional investors own 94.82% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on TXRH. Truist Financial upped their target price on Texas Roadhouse from $185.00 to $196.00 and gave the company a “buy” rating in a research note on Friday, July 26th. BMO Capital Markets lifted their target price on Texas Roadhouse from $145.00 to $155.00 and gave the stock a “market perform” rating in a research report on Friday, July 26th. Royal Bank of Canada lifted their price objective on shares of Texas Roadhouse from $165.00 to $175.00 and gave the company a “sector perform” rating in a report on Friday, June 7th. Guggenheim upped their target price on shares of Texas Roadhouse from $190.00 to $195.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on shares of Texas Roadhouse from $190.00 to $193.00 and gave the company a “buy” rating in a research note on Tuesday, July 16th. Thirteen research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $172.95.

Texas Roadhouse Stock Up 0.7 %

Shares of TXRH opened at $178.33 on Friday. The company has a 50 day moving average of $168.10 and a two-hundred day moving average of $164.38. The company has a market cap of $11.89 billion, a price-to-earnings ratio of 36.10, a price-to-earnings-growth ratio of 1.59 and a beta of 0.99. Texas Roadhouse, Inc. has a twelve month low of $91.06 and a twelve month high of $180.69.

Texas Roadhouse (NASDAQ:TXRH) last announced its earnings results on Thursday, July 25th. The restaurant operator reported $1.79 earnings per share for the quarter, topping the consensus estimate 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 the consensus estimate of $1.34 billion. During the same period in the previous year, the business earned $1.22 EPS. The firm’s revenue for the quarter was up 14.5% on a year-over-year basis. On average, sell-side analysts expect that Texas Roadhouse, Inc. will post 6.32 EPS for the current year.

Texas Roadhouse Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 24th. Investors of record on Wednesday, September 4th were given a $0.61 dividend. This represents a $2.44 annualized dividend and a dividend yield of 1.37%. The ex-dividend date of this dividend was Wednesday, September 4th. Texas Roadhouse’s payout ratio is currently 49.39%.

About Texas Roadhouse

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.