Texas Roadhouse, Inc. $TXRH Shares Sold by Mirabella Financial Services LLP

Mirabella Financial Services LLP decreased its stake in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 28.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,101 shares of the restaurant operator’s stock after selling 3,174 shares during the period. Mirabella Financial Services LLP’s holdings in Texas Roadhouse were worth $1,518,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Farther Finance Advisors LLC boosted its holdings in Texas Roadhouse by 22.8% in the 2nd quarter. Farther Finance Advisors LLC now owns 312 shares of the restaurant operator’s stock worth $59,000 after acquiring an additional 58 shares during the period. Advisory Alpha LLC lifted its position in shares of Texas Roadhouse by 3.0% during the first quarter. Advisory Alpha LLC now owns 2,063 shares of the restaurant operator’s stock worth $344,000 after purchasing an additional 60 shares in the last quarter. Dakota Wealth Management boosted its stake in shares of Texas Roadhouse by 3.8% in the second quarter. Dakota Wealth Management now owns 1,675 shares of the restaurant operator’s stock valued at $314,000 after purchasing an additional 61 shares during the period. Smartleaf Asset Management LLC increased its stake in Texas Roadhouse by 14.0% during the 1st quarter. Smartleaf Asset Management LLC now owns 601 shares of the restaurant operator’s stock worth $103,000 after buying an additional 74 shares during the period. Finally, Insight Wealth Partners LLC lifted its holdings in Texas Roadhouse by 4.3% in the 2nd quarter. Insight Wealth Partners LLC now owns 1,855 shares of the restaurant operator’s stock worth $348,000 after buying an additional 76 shares in the last quarter. 94.82% of the stock is currently owned by hedge funds and other institutional investors.

Texas Roadhouse Price Performance

Shares of NASDAQ:TXRH opened at $167.13 on Friday. The stock has a market capitalization of $11.06 billion, a P/E ratio of 25.56, a P/E/G ratio of 2.75 and a beta of 0.88. The business has a 50-day moving average of $169.25 and a two-hundred day moving average of $177.33. Texas Roadhouse, Inc. has a fifty-two week low of $148.73 and a fifty-two week high of $199.99.

Texas Roadhouse (NASDAQ:TXRH) last issued its quarterly earnings data on Thursday, November 6th. The restaurant operator reported $1.25 earnings per share for the quarter, missing analysts’ consensus estimates of $1.28 by ($0.03). The company had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.43 billion. Texas Roadhouse had a net margin of 7.49% and a return on equity of 30.59%. The firm’s revenue was up 12.8% on a year-over-year basis. During the same period in the previous year, the business posted $1.26 earnings per share. As a group, research analysts expect that Texas Roadhouse, Inc. will post 7.23 EPS for the current fiscal year.

Texas Roadhouse Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Tuesday, December 2nd will be given a $0.68 dividend. This represents a $2.72 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend is Tuesday, December 2nd. Texas Roadhouse’s dividend payout ratio is currently 41.59%.

Analysts Set New Price Targets

TXRH has been the topic of several analyst reports. Morgan Stanley dropped their price objective on Texas Roadhouse from $210.00 to $205.00 and set an “overweight” rating on the stock in a report on Monday, November 10th. The Goldman Sachs Group dropped their target price on shares of Texas Roadhouse from $200.00 to $180.00 and set a “neutral” rating for the company in a research report on Wednesday, October 1st. JPMorgan Chase & Co. cut their target price on shares of Texas Roadhouse from $200.00 to $182.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 7th. Guggenheim restated a “buy” rating and set a $210.00 price objective on shares of Texas Roadhouse in a research note on Tuesday, September 16th. Finally, Royal Bank Of Canada reduced their target price on Texas Roadhouse from $185.00 to $175.00 and set a “sector perform” rating on the stock in a report on Friday, November 7th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Texas Roadhouse presently has a consensus rating of “Moderate Buy” and an average target price of $192.95.

About Texas Roadhouse

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.