Martingale Asset Management L P lifted its position in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 3.1% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 118,313 shares of the restaurant operator’s stock after buying an additional 3,600 shares during the period. Martingale Asset Management L P owned approximately 0.17% of Texas Roadhouse worth $6,029,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. boosted its stake in shares of Texas Roadhouse by 22,841.1% in the 1st quarter. BlackRock Inc. now owns 6,542,337 shares of the restaurant operator’s stock worth $291,331,000 after buying an additional 6,513,819 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Texas Roadhouse by 4.5% in the 1st quarter. Vanguard Group Inc. now owns 5,103,625 shares of the restaurant operator’s stock worth $227,264,000 after buying an additional 218,000 shares during the last quarter. State Street Corp boosted its stake in shares of Texas Roadhouse by 2.9% in the 1st quarter. State Street Corp now owns 2,112,603 shares of the restaurant operator’s stock worth $94,078,000 after buying an additional 60,092 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Texas Roadhouse by 2.2% during the first quarter. Dimensional Fund Advisors LP now owns 1,627,108 shares of the restaurant operator’s stock valued at $72,455,000 after purchasing an additional 35,280 shares in the last quarter. Finally, Congress Asset Management Co. MA lifted its position in Texas Roadhouse by 6.5% during the second quarter. Congress Asset Management Co. MA now owns 1,474,080 shares of the restaurant operator’s stock valued at $75,104,000 after purchasing an additional 90,031 shares in the last quarter. Hedge funds and other institutional investors own 86.22% of the company’s stock.

Texas Roadhouse, Inc. (NASDAQ TXRH) opened at 47.98 on Wednesday. The stock has a market capitalization of $3.41 billion, a P/E ratio of 28.89 and a beta of 0.56. Texas Roadhouse, Inc. has a 12 month low of $37.23 and a 12 month high of $51.91. The stock has a 50 day moving average price of $48.11 and a 200 day moving average price of $47.42.

Texas Roadhouse (NASDAQ:TXRH) last announced its quarterly earnings results on Monday, July 31st. The restaurant operator reported $0.53 earnings per share for the quarter, hitting the consensus estimate of $0.53. The company had revenue of $566.30 million for the quarter, compared to the consensus estimate of $563.23 million. Texas Roadhouse had a return on equity of 16.49% and a net margin of 5.63%. The firm’s revenue for the quarter was up 11.3% compared to the same quarter last year. During the same period last year, the firm earned $0.47 EPS. Equities analysts predict that Texas Roadhouse, Inc. will post $1.93 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Wednesday, September 13th will be paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 1.75%. The ex-dividend date is Tuesday, September 12th. Texas Roadhouse’s payout ratio is currently 50.60%.

In other news, insider S. Chris Jacobsen sold 2,500 shares of the stock in a transaction dated Friday, August 11th. The shares were sold at an average price of $49.25, for a total transaction of $123,125.00. Following the sale, the insider now directly owns 15,184 shares of the company’s stock, valued at approximately $747,812. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 6.60% of the company’s stock.

TXRH has been the topic of several analyst reports. Maxim Group reiterated a “buy” rating and set a $55.00 target price on shares of Texas Roadhouse in a research report on Friday, July 28th. BidaskClub downgraded Texas Roadhouse from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 17th. Longbow Research reiterated a “buy” rating and set a $56.00 target price on shares of Texas Roadhouse in a research report on Monday, July 3rd. Zacks Investment Research upgraded Texas Roadhouse from a “hold” rating to a “buy” rating and set a $56.00 target price on the stock in a research report on Friday, July 21st. Finally, BMO Capital Markets reiterated a “buy” rating and set a $58.00 target price on shares of Texas Roadhouse in a research report on Wednesday, August 2nd. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and seven have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $50.56.

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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, all cooked over open grills and all but one hand cut daily on the premises. Its restaurants offer a range of menu items at prices that are designed to appeal to a range of consumer tastes.

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Institutional Ownership by Quarter for Texas Roadhouse (NASDAQ:TXRH)

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