Virtu KCG Holdings LLC lowered its holdings in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 1.5% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 9,626 shares of the restaurant operator’s stock after selling 143 shares during the period. Virtu KCG Holdings LLC’s holdings in Texas Roadhouse were worth $490,000 as of its most recent filing with the SEC.
Several other institutional investors have also bought and sold shares of TXRH. BlackRock Inc. raised its holdings in shares of Texas Roadhouse by 22,841.1% during 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 in the last quarter. FMR LLC raised its holdings in shares of Texas Roadhouse by 130.5% during the 2nd quarter. FMR LLC now owns 1,400,306 shares of the restaurant operator’s stock worth $71,346,000 after buying an additional 792,906 shares in the last quarter. Janus Capital Management LLC raised its holdings in shares of Texas Roadhouse by 114.2% during the 1st 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. raised its holdings in shares of Texas Roadhouse by 6,426.2% during the 2nd 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. Finally, Teachers Advisors LLC raised its holdings in shares of Texas Roadhouse by 290.1% during the 2nd quarter. Teachers Advisors LLC now owns 444,776 shares of the restaurant operator’s stock worth $22,661,000 after buying an additional 330,759 shares in the last quarter. 85.98% of the stock is owned by institutional investors.
Shares of Texas Roadhouse, Inc. (NASDAQ TXRH) opened at 49.84 on Thursday. Texas Roadhouse, Inc. has a 52-week low of $37.99 and a 52-week high of $51.91. The firm has a 50 day moving average price of $48.10 and a 200-day moving average price of $48.39. The company has a market cap of $3.54 billion, a price-to-earnings ratio of 30.01 and a beta of 0.57.
Texas Roadhouse (NASDAQ:TXRH) last announced its quarterly earnings data on Monday, July 31st. The restaurant operator reported $0.53 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.53. Texas Roadhouse had a return on equity of 16.49% and a net margin of 5.63%. The firm had revenue of $566.30 million for the quarter, compared to analysts’ expectations of $563.23 million. During the same period last year, the firm earned $0.47 earnings per share. The company’s revenue for the quarter was up 11.3% compared to the same quarter last year. Equities research analysts anticipate that Texas Roadhouse, Inc. will post $1.93 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Wednesday, September 13th were paid a dividend of $0.21 per share. The ex-dividend date was Tuesday, September 12th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.69%. Texas Roadhouse’s dividend payout ratio (DPR) is currently 50.60%.
A number of research firms have recently commented on TXRH. Barclays PLC boosted their price target on Texas Roadhouse from $53.00 to $56.00 and gave the stock an “overweight” rating in a report on Tuesday, August 1st. Robert W. Baird set a $56.00 price target on Texas Roadhouse and gave the stock a “buy” rating in a report on Wednesday, August 30th. BidaskClub raised Texas Roadhouse from a “strong sell” rating to a “sell” rating in a report on Monday, August 14th. Stifel Nicolaus began coverage on Texas Roadhouse in a report on Monday, October 2nd. They set a “buy” rating and a $55.00 price target for the company. Finally, Zacks Investment Research raised Texas Roadhouse from a “hold” rating to a “buy” rating and set a $56.00 price target for the company in a report on Friday, July 21st. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have assigned a buy rating to the stock. Texas Roadhouse has a consensus rating of “Hold” and an average target price of $50.79.
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In other news, Director Kathy Widmer sold 2,000 shares of the firm’s stock in a transaction dated Thursday, September 21st. The stock was sold at an average price of $47.95, for a total transaction of $95,900.00. Following the transaction, the director now directly owns 11,750 shares of the company’s stock, valued at $563,412.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider S. Chris Jacobsen sold 2,500 shares of the firm’s stock in a transaction dated Friday, August 11th. The shares were sold at an average price of $49.25, for a total value of $123,125.00. Following the transaction, the insider now directly owns 15,184 shares in the company, valued at $747,812. The disclosure for this sale can be found here. 7.40% of the stock is currently owned by company insiders.
Texas Roadhouse 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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