Marshall Wace LLP increased its position in Texas Roadhouse Inc (NASDAQ:TXRH) by 854.3% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 124,389 shares of the restaurant operator’s stock after acquiring an additional 111,354 shares during the period. Marshall Wace LLP’s holdings in Texas Roadhouse were worth $8,149,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Profund Advisors LLC lifted its holdings in shares of Texas Roadhouse by 8.6% in the first quarter. Profund Advisors LLC now owns 11,064 shares of the restaurant operator’s stock valued at $639,000 after buying an additional 877 shares during the period. Legal & General Group Plc lifted its holdings in shares of Texas Roadhouse by 1.4% in the second quarter. Legal & General Group Plc now owns 69,309 shares of the restaurant operator’s stock valued at $4,541,000 after buying an additional 954 shares during the period. Piedmont Investment Advisors LLC lifted its holdings in shares of Texas Roadhouse by 13.4% in the second quarter. Piedmont Investment Advisors LLC now owns 8,298 shares of the restaurant operator’s stock valued at $544,000 after buying an additional 981 shares during the period. Oppenheimer Asset Management Inc. lifted its holdings in shares of Texas Roadhouse by 4.1% in the first quarter. Oppenheimer Asset Management Inc. now owns 26,232 shares of the restaurant operator’s stock valued at $1,516,000 after buying an additional 1,035 shares during the period. Finally, Intrust Bank NA lifted its holdings in shares of Texas Roadhouse by 10.8% in the second quarter. Intrust Bank NA now owns 11,063 shares of the restaurant operator’s stock valued at $725,000 after buying an additional 1,076 shares during the period. Institutional investors and hedge funds own 91.44% of the company’s stock.

Shares of TXRH stock opened at $72.08 on Friday. Texas Roadhouse Inc has a fifty-two week low of $47.51 and a fifty-two week high of $75.24. The stock has a market capitalization of $5.18 billion, a price-to-earnings ratio of 32.78, a PEG ratio of 2.62 and a beta of 0.63.

Texas Roadhouse (NASDAQ:TXRH) last issued its earnings results on Monday, July 30th. The restaurant operator reported $0.62 earnings per share for the quarter, missing the consensus estimate of $0.67 by ($0.05). Texas Roadhouse had a return on equity of 18.15% and a net margin of 6.76%. The firm had revenue of $629.24 million during the quarter, compared to analyst estimates of $634.52 million. During the same period in the previous year, the company earned $0.53 earnings per share. The business’s revenue for the quarter was up 11.1% on a year-over-year basis. sell-side analysts anticipate that Texas Roadhouse Inc will post 2.33 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 28th. Shareholders of record on Wednesday, September 12th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.39%. The ex-dividend date is Tuesday, September 11th. Texas Roadhouse’s payout ratio is currently 50.76%.

In other Texas Roadhouse news, CFO Tonya Robinson sold 1,023 shares of the company’s stock in a transaction dated Wednesday, August 22nd. The stock was sold at an average price of $67.17, for a total value of $68,714.91. Following the transaction, the chief financial officer now directly owns 2 shares of the company’s stock, valued at approximately $134.34. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider S. Chris Jacobsen sold 1,500 shares of the company’s stock in a transaction dated Friday, September 7th. The stock was sold at an average price of $75.00, for a total value of $112,500.00. Following the completion of the transaction, the insider now directly owns 13,533 shares in the company, valued at $1,014,975. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 4,023 shares of company stock worth $286,215. Insiders own 5.89% of the company’s stock.

TXRH has been the subject of several research analyst reports. Zacks Investment Research lowered Texas Roadhouse from a “buy” rating to a “hold” rating in a report on Wednesday, July 18th. BidaskClub upgraded Texas Roadhouse from a “buy” rating to a “strong-buy” rating in a report on Friday, June 8th. Wedbush lowered Texas Roadhouse from an “outperform” rating to a “neutral” rating and set a $67.00 price objective for the company. in a report on Monday, September 10th. They noted that the move was a valuation call. BTIG Research downgraded Texas Roadhouse from a “buy” rating to a “neutral” rating in a report on Thursday. Finally, Barclays reduced their target price on Texas Roadhouse from $72.00 to $66.00 and set an “overweight” rating for the company in a report on Tuesday, July 31st. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $64.02.

About Texas Roadhouse

Texas Roadhouse, Inc, together with its subsidiaries, operates casual dining restaurants in the United States and internationally. The company operates and franchises Texas Roadhouse and Bubba's 33 restaurants. As of February 20, 2018, it owned and operated approximately 550 restaurants. Texas Roadhouse, Inc was founded in 1993 and is based in Louisville, Kentucky.

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

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