Eaton Vance Management raised its holdings in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 122.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 378,905 shares of the restaurant operator’s stock after buying an additional 208,290 shares during the quarter. Eaton Vance Management owned about 0.53% of Texas Roadhouse worth $19,305,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors have also bought and sold shares of TXRH. BlackRock Inc. grew its position in Texas Roadhouse by 22,841.1% during the first 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 in the last quarter. Janus Capital Management LLC grew its position in Texas Roadhouse by 114.2% during the first quarter. Janus Capital Management LLC now owns 1,202,544 shares of the restaurant operator’s stock worth $53,549,000 after buying an additional 641,045 shares in the last quarter. Hodges Capital Management Inc. grew its position in Texas Roadhouse by 6,426.2% during the second quarter. Hodges Capital Management Inc. now owns 409,586 shares of the restaurant operator’s stock worth $20,868,000 after buying an additional 403,310 shares in the last quarter. Columbia Wanger Asset Management LLC grew its position in Texas Roadhouse by 35.3% during the first quarter. Columbia Wanger Asset Management LLC now owns 1,348,660 shares of the restaurant operator’s stock worth $60,056,000 after buying an additional 351,560 shares in the last quarter. Finally, AQR Capital Management LLC grew its position in Texas Roadhouse by 35.4% during the first quarter. AQR Capital Management LLC now owns 985,864 shares of the restaurant operator’s stock worth $43,901,000 after buying an additional 257,938 shares in the last quarter. Institutional investors and hedge funds own 86.22% of the company’s stock.
In related 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 value of $123,125.00. Following the completion of the transaction, the insider now owns 15,184 shares in the company, valued at $747,812. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 6.60% of the company’s stock.
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Several equities analysts recently commented on TXRH shares. Zacks Investment Research cut Texas Roadhouse from a “buy” rating to a “hold” rating in a research report on Tuesday, July 25th. Jefferies Group LLC reaffirmed a “sell” rating and set a $40.00 price target on shares of Texas Roadhouse in a research note on Thursday, August 31st. Longbow Research reaffirmed a “buy” rating and set a $56.00 price target on shares of Texas Roadhouse in a research note on Monday, July 3rd. Deutsche Bank AG reaffirmed a “hold” rating and set a $53.00 price target (up previously from $49.00) on shares of Texas Roadhouse in a research note on Monday, July 10th. Finally, BidaskClub raised Texas Roadhouse from a “hold” rating to a “buy” rating in a research note on Thursday, June 29th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and seven have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $50.56.
Shares of Texas Roadhouse, Inc. (NASDAQ TXRH) opened at 46.57 on Monday. The stock has a 50 day moving average price of $48.21 and a 200-day moving average price of $47.34. Texas Roadhouse, Inc. has a 1-year low of $37.23 and a 1-year high of $51.91. The company has a market cap of $3.31 billion, a price-to-earnings ratio of 28.04 and a beta of 0.56.
Texas Roadhouse (NASDAQ:TXRH) last released its quarterly earnings results on Monday, July 31st. The restaurant operator reported $0.53 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.53. The company 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 firm’s revenue was up 11.3% on a year-over-year basis. During the same quarter last year, the business posted $0.47 earnings per share. Equities research analysts forecast that Texas Roadhouse, Inc. will post $1.93 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Wednesday, September 13th will be given a $0.21 dividend. The ex-dividend date is Tuesday, September 12th. This represents a $0.84 annualized dividend and a yield of 1.80%. Texas Roadhouse’s dividend payout ratio is currently 50.60%.
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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