Bahl & Gaynor Inc. Trims Holdings in Texas Roadhouse, Inc. $TXRH

Bahl & Gaynor Inc. reduced its stake in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 8.0% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 230,772 shares of the restaurant operator’s stock after selling 20,083 shares during the quarter. Bahl & Gaynor Inc. owned approximately 0.35% of Texas Roadhouse worth $43,249,000 at the end of the most recent quarter.

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

Texas Roadhouse Stock Performance

TXRH stock opened at $173.43 on Friday. Texas Roadhouse, Inc. has a one year low of $148.73 and a one year high of $206.04. The firm has a market cap of $11.47 billion, a price-to-earnings ratio of 26.48, a PEG ratio of 2.50 and a beta of 0.87. The firm has a 50-day simple moving average of $167.35 and a two-hundred day simple moving average of $177.99.

Texas Roadhouse (NASDAQ:TXRH) last posted its quarterly earnings data on Thursday, November 6th. The restaurant operator reported $1.25 EPS for the quarter, missing the consensus estimate of $1.28 by ($0.03). Texas Roadhouse had a return on equity of 31.52% and a net margin of 7.72%.The firm had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.43 billion. During the same quarter last year, the firm earned $1.26 EPS. The company’s revenue was up 12.8% compared to the same quarter last year. As a group, equities analysts predict that Texas Roadhouse, Inc. will post 7.23 earnings per share for the current fiscal year.

Texas Roadhouse Announces Dividend

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

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Zacks Research downgraded Texas Roadhouse from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 22nd. Wells Fargo & Company dropped their price target on Texas Roadhouse from $175.00 to $170.00 and set an “equal weight” rating on the stock in a research report on Friday, November 7th. Royal Bank Of Canada decreased their price objective on Texas Roadhouse from $185.00 to $175.00 and set a “sector perform” rating for the company in a report on Friday, November 7th. Wall Street Zen downgraded shares of Texas Roadhouse from a “hold” rating to a “sell” rating in a research report on Saturday, November 15th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Texas Roadhouse from $200.00 to $182.00 and set a “neutral” rating for the company in a report on Tuesday, October 7th. Two investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Texas Roadhouse has a consensus rating of “Moderate Buy” and a consensus price target of $192.95.

Texas Roadhouse Company Profile

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.