Texas Roadhouse, Inc. (NASDAQ:TXRH) Shares Sold by Xponance Inc.

Xponance Inc. trimmed its holdings in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 5.4% during the second quarter, Holdings Channel reports. The institutional investor owned 13,404 shares of the restaurant operator’s stock after selling 758 shares during the period. Xponance Inc.’s holdings in Texas Roadhouse were worth $2,302,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in TXRH. Benjamin F. Edwards & Company Inc. boosted its position in shares of Texas Roadhouse by 12.9% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 743 shares of the restaurant operator’s stock worth $128,000 after acquiring an additional 85 shares during the last quarter. Gries Financial LLC boosted its holdings in shares of Texas Roadhouse by 6.5% in the 2nd quarter. Gries Financial LLC now owns 1,876 shares of the restaurant operator’s stock valued at $322,000 after purchasing an additional 114 shares during the last quarter. Advisors Asset Management Inc. grew its stake in shares of Texas Roadhouse by 4.8% during the 1st quarter. Advisors Asset Management Inc. now owns 2,679 shares of the restaurant operator’s stock valued at $414,000 after buying an additional 122 shares during the period. Signaturefd LLC increased its stake in Texas Roadhouse by 8.0% during the second quarter. Signaturefd LLC now owns 1,883 shares of the restaurant operator’s stock worth $323,000 after acquiring an additional 140 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Texas Roadhouse in the 2nd quarter worth about $25,000. Hedge funds and other institutional investors own 94.82% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently issued reports on TXRH. BMO Capital Markets increased their target price on shares of Texas Roadhouse from $145.00 to $155.00 and gave the stock a “market perform” rating in a research report on Friday, July 26th. Wedbush reissued an “outperform” rating and issued a $190.00 price objective on shares of Texas Roadhouse in a research report on Tuesday. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Texas Roadhouse from $190.00 to $193.00 and gave the company a “buy” rating in a report on Tuesday, July 16th. Guggenheim increased their price target on Texas Roadhouse from $190.00 to $195.00 and gave the company a “buy” rating in a report on Wednesday. Finally, JPMorgan Chase & Co. reduced their price objective on Texas Roadhouse from $184.00 to $180.00 and set a “neutral” rating on the stock in a research note on Monday, July 29th. Thirteen investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $172.95.

Texas Roadhouse Stock Performance

Shares of Texas Roadhouse stock opened at $178.33 on Friday. The firm’s 50-day simple moving average is $168.10 and its 200-day simple moving average is $164.38. Texas Roadhouse, Inc. has a 1 year low of $91.06 and a 1 year high of $180.69. The firm has a market cap 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.

Texas Roadhouse (NASDAQ:TXRH) last released its earnings results on Thursday, July 25th. The restaurant operator reported $1.79 earnings per share for the quarter, beating the consensus estimate of $1.64 by $0.15. Texas Roadhouse had a net margin of 7.47% and a return on equity of 30.94%. The firm had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.34 billion. During the same quarter in the previous year, the firm earned $1.22 earnings per share. The firm’s revenue for the quarter was up 14.5% compared to the same quarter last year. On average, equities analysts predict 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 was paid on Tuesday, September 24th. Shareholders of record on Wednesday, September 4th were issued a $0.61 dividend. The ex-dividend date of this dividend was Wednesday, September 4th. This represents a $2.44 dividend on an annualized basis and a yield of 1.37%. Texas Roadhouse’s dividend payout ratio is currently 49.39%.

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.