Point72 DIFC Ltd Makes New $127,000 Investment in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Point72 DIFC Ltd acquired a new position in Texas Roadhouse, Inc. (NASDAQ:TXRH) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 741 shares of the restaurant operator’s stock, valued at approximately $127,000.

Several other large investors have also recently bought and sold shares of TXRH. LRI Investments LLC purchased a new position in Texas Roadhouse in the first quarter worth $25,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Texas Roadhouse in the second quarter valued at $25,000. Hollencrest Capital Management purchased a new position in shares of Texas Roadhouse in the second quarter valued at $25,000. McClarren Financial Advisors Inc. increased its position 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 valued at $29,000 after buying an additional 167 shares in the last quarter. Finally, Rise Advisors LLC purchased a new position in shares of Texas Roadhouse in the first quarter valued at $32,000. Hedge funds and other institutional investors own 94.82% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on TXRH. Royal Bank of Canada raised their price target on Texas Roadhouse from $165.00 to $175.00 and gave the company a “sector perform” rating in a research report on Friday, June 7th. Wedbush restated an “outperform” rating and issued a $190.00 price target on shares of Texas Roadhouse in a research report on Tuesday. Evercore ISI raised their price target on Texas Roadhouse from $175.00 to $195.00 and gave the company an “outperform” rating in a research report on Friday, July 26th. Stephens increased their price objective on Texas Roadhouse from $170.00 to $176.00 and gave the company an “equal weight” rating in a research note on Monday, July 29th. Finally, Wells Fargo & Company increased their price objective on Texas Roadhouse from $165.00 to $175.00 and gave the company an “equal weight” rating in a research note on Friday, July 26th. Thirteen research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $172.95.

Texas Roadhouse Price Performance

NASDAQ TXRH opened at $174.90 on Friday. The firm has a market capitalization of $11.66 billion, a P/E ratio of 35.46, a P/E/G ratio of 1.59 and a beta of 0.99. Texas Roadhouse, Inc. has a 1-year low of $91.06 and a 1-year high of $180.69. The business’s 50-day simple moving average is $168.29 and its 200-day simple moving average is $164.47.

Texas Roadhouse (NASDAQ:TXRH) last released its quarterly earnings data 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. The business had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.34 billion. Texas Roadhouse had a return on equity of 30.94% and a net margin of 7.47%. The company’s revenue was up 14.5% compared to the same quarter last year. During the same period in the previous year, the company posted $1.22 EPS. On average, equities research analysts expect that Texas Roadhouse, Inc. will post 6.32 EPS for the current fiscal year.

Texas Roadhouse Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 24th. Stockholders of record on Wednesday, September 4th were paid a $0.61 dividend. This represents a $2.44 annualized dividend and a dividend yield of 1.40%. The ex-dividend date of this dividend was Wednesday, September 4th. 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.