Shellback Capital LP Sells 15,019 Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH)

Shellback Capital LP lowered its stake in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 20.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 60,000 shares of the restaurant operator’s stock after selling 15,019 shares during the quarter. Shellback Capital LP owned approximately 0.09% of Texas Roadhouse worth $10,303,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in TXRH. LRI Investments LLC bought a new position in shares of Texas Roadhouse in the first quarter valued at approximately $25,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in Texas Roadhouse in the 2nd quarter valued at $25,000. Hollencrest Capital Management purchased a new position in shares of Texas Roadhouse during the 2nd quarter valued at $25,000. McClarren Financial Advisors Inc. increased its holdings in shares of Texas Roadhouse by 4,175.0% in 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 during the period. Finally, Rise Advisors LLC purchased a new stake in shares of Texas Roadhouse in the first quarter worth $32,000. Hedge funds and other institutional investors own 94.82% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Royal Bank of Canada boosted their price objective on Texas Roadhouse from $165.00 to $175.00 and gave the stock a “sector perform” rating in a report on Friday, June 7th. Stephens increased their price target on shares of Texas Roadhouse from $170.00 to $176.00 and gave the stock an “equal weight” rating in a report on Monday, July 29th. BMO Capital Markets lifted their price objective on shares of Texas Roadhouse from $145.00 to $155.00 and gave the stock a “market perform” rating in a report on Friday, July 26th. Guggenheim increased their target price on Texas Roadhouse from $190.00 to $195.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, Evercore ISI lifted their price target on Texas Roadhouse from $175.00 to $195.00 and gave the stock an “outperform” rating in a research note on Friday, July 26th. Thirteen investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, Texas Roadhouse presently has a consensus rating of “Hold” and an average target price of $172.95.

Texas Roadhouse Trading Up 0.7 %

TXRH stock opened at $178.33 on Friday. The stock has a market capitalization of $11.89 billion, a PE ratio of 36.10, a price-to-earnings-growth ratio of 1.59 and a beta of 0.99. The stock’s 50 day simple moving average is $168.10 and its 200 day simple moving average is $164.38. Texas Roadhouse, Inc. has a 12-month low of $91.06 and a 12-month high of $180.69.

Texas Roadhouse (NASDAQ:TXRH) last released its quarterly earnings data on Thursday, July 25th. The restaurant operator reported $1.79 EPS for the quarter, topping the consensus estimate of $1.64 by $0.15. The company had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.34 billion. Texas Roadhouse had a return on equity of 30.94% and a net margin of 7.47%. Texas Roadhouse’s revenue for the quarter was up 14.5% on a year-over-year basis. During the same period last year, the company earned $1.22 EPS. On average, research analysts predict that Texas Roadhouse, Inc. will post 6.32 earnings per share for the current year.

Texas Roadhouse Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 24th. Stockholders of record on Wednesday, September 4th were paid a $0.61 dividend. The ex-dividend date was Wednesday, September 4th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.37%. Texas Roadhouse’s dividend payout ratio (DPR) is currently 49.39%.

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.