Vanguard Group Inc. Decreases Position in Texas Roadhouse Inc. (TXRH)
Vanguard Group Inc. lowered its stake in shares of Texas Roadhouse Inc. (NASDAQ:TXRH) by 5.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,700,900 shares of the company’s stock after selling 244,916 shares during the period. Vanguard Group Inc. owned about 6.68% of Texas Roadhouse worth $214,361,000 as of its most recent filing with the SEC.
Other large investors also recently made changes to their positions in the company. State Street Corp raised its stake in Texas Roadhouse by 3.2% in the first quarter. State Street Corp now owns 1,338,603 shares of the company’s stock worth $58,335,000 after buying an additional 41,800 shares during the last quarter. Cupps Capital Management LLC raised its stake in Texas Roadhouse by 8.7% in the first quarter. Cupps Capital Management LLC now owns 224,791 shares of the company’s stock worth $9,796,000 after buying an additional 18,081 shares during the last quarter. Menta Capital LLC raised its stake in Texas Roadhouse by 240.6% in the first quarter. Menta Capital LLC now owns 21,801 shares of the company’s stock worth $950,000 after buying an additional 15,401 shares during the last quarter. NN Investment Partners Holdings N.V. acquired a new stake in Texas Roadhouse during the first quarter worth $1,162,000. Finally, JPMorgan Chase & Co. raised its stake in Texas Roadhouse by 482.9% in the first quarter. JPMorgan Chase & Co. now owns 280,240 shares of the company’s stock worth $12,212,000 after buying an additional 232,165 shares during the last quarter. 88.84% of the stock is currently owned by institutional investors.
Shares of Texas Roadhouse Inc. (NASDAQ:TXRH) opened at 38.54 on Friday. Texas Roadhouse Inc. has a 1-year low of $33.06 and a 1-year high of $49.00. The company has a market cap of $2.71 billion, a price-to-earnings ratio of 24.24 and a beta of 0.54. The stock has a 50 day moving average of $41.61 and a 200 day moving average of $44.02.
Texas Roadhouse (NASDAQ:TXRH) last released its quarterly earnings results on Monday, August 1st. The company reported $0.47 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.02. The business had revenue of $509 million for the quarter, compared to analysts’ expectations of $509.80 million. Texas Roadhouse had a net margin of 5.88% and a return on equity of 16.78%. The firm’s revenue for the quarter was up 11.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.30 earnings per share. On average, equities analysts forecast that Texas Roadhouse Inc. will post $1.78 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, September 30th. Investors of record on Wednesday, September 14th were issued a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 1.97%. The ex-dividend date was Monday, September 12th. Texas Roadhouse’s dividend payout ratio (DPR) is currently 48.10%.
A number of equities research analysts have weighed in on the stock. Telsey Advisory Group lowered shares of Texas Roadhouse from an “outperform” rating to a “market perform” rating and set a $48.00 target price on the stock. in a report on Tuesday, July 26th. Jefferies Group lowered shares of Texas Roadhouse from a “hold” rating to an “underperform” rating and set a $37.00 target price on the stock. in a report on Tuesday, July 26th. Stifel Nicolaus lowered shares of Texas Roadhouse from a “buy” rating to a “hold” rating and reduced their target price for the stock from $50.00 to $47.00 in a report on Tuesday, July 26th. RBC Capital Markets reissued a “sector perform” rating and set a $46.00 target price (up from $44.00) on shares of Texas Roadhouse in a report on Tuesday, August 2nd. Finally, Credit Suisse Group AG restated a “hold” rating and issued a $42.00 price target on shares of Texas Roadhouse in a research report on Tuesday, August 2nd. Three investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and three have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $43.78.
In other news, Director James R. Zarley acquired 23,800 shares of the stock in a transaction on Wednesday, August 3rd. The stock was acquired at an average price of $42.23 per share, with a total value of $1,005,074.00. Following the completion of the transaction, the director now owns 104,000 shares of the company’s stock, valued at approximately $4,391,920. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Wayne Kent Taylor sold 150,000 shares of the firm’s stock in a transaction on Thursday, August 18th. The shares were sold at an average price of $46.03, for a total value of $6,904,500.00. Following the transaction, the chief executive officer now directly owns 4,363,261 shares of the company’s stock, valued at approximately $200,840,903.83. The disclosure for this sale can be found here. 7.40% of the stock is currently owned by corporate insiders.
Texas Roadhouse Company Profile
Texas Roadhouse, Inc is a restaurant company, which operates in the casual dining segment. The Company offers an assortment of seasoned and aged steaks hand-cut daily on the premises and cooked to order over open grills. In addition to steaks, the Company also offers its guests a selection of ribs, fish, seafood, chicken, pork chops, pulled pork and vegetable plates, and an assortment of hamburgers, salads and sandwiches.
Receive News & Ratings for Texas Roadhouse Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Texas Roadhouse Inc. and related companies with MarketBeat.com's FREE daily email newsletter.