Texas Roadhouse, Inc. (TXRH) Position Boosted by Victory Capital Management Inc.
Victory Capital Management Inc. increased its position in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 12.8% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,704 shares of the restaurant operator’s stock after buying an additional 534 shares during the period. Victory Capital Management Inc.’s holdings in Texas Roadhouse were worth $240,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Creative Planning increased its holdings in Texas Roadhouse by 11.2% during the second quarter. Creative Planning now owns 2,223 shares of the restaurant operator’s stock worth $113,000 after buying an additional 224 shares during the last quarter. Public Employees Retirement System of Ohio increased its holdings in shares of Texas Roadhouse by 4.3% in the first quarter. Public Employees Retirement System of Ohio now owns 3,393 shares of the restaurant operator’s stock valued at $151,000 after purchasing an additional 141 shares during the last quarter. World Asset Management Inc acquired a new position in shares of Texas Roadhouse in the second quarter valued at $206,000. Soros Fund Management LLC acquired a new position in shares of Texas Roadhouse in the first quarter valued at $218,000. Finally, LS Investment Advisors LLC increased its holdings in shares of Texas Roadhouse by 28.6% in the first quarter. LS Investment Advisors LLC now owns 5,721 shares of the restaurant operator’s stock valued at $255,000 after purchasing an additional 1,273 shares during the last quarter. Institutional investors and hedge funds own 85.98% of the company’s stock.
In other Texas Roadhouse news, insider S. Chris Jacobsen sold 2,500 shares of Texas Roadhouse stock in a transaction dated Friday, August 11th. The stock was sold at an average price of $49.25, for a total transaction of $123,125.00. Following the completion of the transaction, the insider now owns 15,184 shares of the company’s stock, valued at approximately $747,812. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 6.60% of the stock is owned by insiders.
Shares of Texas Roadhouse, Inc. (NASDAQ TXRH) opened at 48.58 on Thursday. The company has a market cap of $3.45 billion, a PE ratio of 29.25 and a beta of 0.56. Texas Roadhouse, Inc. has a 52-week low of $37.23 and a 52-week high of $51.91. The company’s 50-day moving average is $48.00 and its 200 day moving average is $47.67.
Texas Roadhouse (NASDAQ:TXRH) last posted its earnings results on Monday, July 31st. The restaurant operator reported $0.53 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.53. The business had revenue of $566.30 million during the quarter, compared to analyst estimates of $563.23 million. Texas Roadhouse had a return on equity of 16.49% and a net margin of 5.63%. The company’s quarterly revenue was up 11.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.47 EPS. On average, analysts anticipate that Texas Roadhouse, Inc. will post $1.93 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Wednesday, September 13th will be issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 1.73%. The ex-dividend date is Tuesday, September 12th. Texas Roadhouse’s payout ratio is presently 50.60%.
Several equities analysts have commented on the stock. BMO Capital Markets upgraded shares of Texas Roadhouse from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $48.00 to $58.00 in a report on Thursday, June 22nd. Barclays PLC upped their price objective on shares of Texas Roadhouse from $53.00 to $56.00 and gave the company an “overweight” rating in a report on Tuesday, August 1st. Robert W. Baird reiterated a “buy” rating and issued a $56.00 price objective on shares of Texas Roadhouse in a report on Tuesday. BidaskClub downgraded shares of Texas Roadhouse from a “hold” rating to a “sell” rating in a report on Monday, July 31st. Finally, Zacks Investment Research downgraded shares of Texas Roadhouse from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and seven have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $50.56.
About Texas Roadhouse
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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