Texas Roadhouse, Inc. $TXRH Holdings Decreased by Bank Julius Baer & Co. Ltd Zurich

Bank Julius Baer & Co. Ltd Zurich trimmed its holdings in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 17.3% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 43,564 shares of the restaurant operator’s stock after selling 9,127 shares during the period. Bank Julius Baer & Co. Ltd Zurich owned approximately 0.07% of Texas Roadhouse worth $8,326,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of TXRH. Brooklyn Investment Group grew its stake in Texas Roadhouse by 478.6% during the 1st quarter. Brooklyn Investment Group now owns 162 shares of the restaurant operator’s stock valued at $27,000 after acquiring an additional 134 shares in the last quarter. Ameritas Advisory Services LLC acquired a new stake in shares of Texas Roadhouse during the second quarter worth approximately $53,000. Bogart Wealth LLC grew its position in Texas Roadhouse by 51.5% during the second quarter. Bogart Wealth LLC now owns 303 shares of the restaurant operator’s stock valued at $57,000 after purchasing an additional 103 shares in the last quarter. Farther Finance Advisors LLC increased its stake in Texas Roadhouse by 22.8% in 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 during the period. Finally, WPG Advisers LLC acquired a new position in Texas Roadhouse in the 1st quarter valued at approximately $59,000. 94.82% of the stock is owned by hedge funds and other institutional investors.

Texas Roadhouse Stock Up 4.3%

Shares of TXRH stock opened at $173.43 on Friday. Texas Roadhouse, Inc. has a 12 month low of $148.73 and a 12 month high of $206.04. The company has a market cap of $11.47 billion, a PE ratio of 26.48, a price-to-earnings-growth ratio of 2.50 and a beta of 0.87. The business’s 50 day moving average is $167.35 and its two-hundred day moving average is $177.99.

Texas Roadhouse (NASDAQ:TXRH) last posted its quarterly earnings data on Thursday, November 6th. The restaurant operator reported $1.25 earnings per share (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 period in the prior year, the company posted $1.26 earnings per share. Texas Roadhouse’s quarterly revenue was up 12.8% on a year-over-year basis. As a group, equities analysts expect that Texas Roadhouse, Inc. will post 7.23 EPS for the current fiscal year.

Texas Roadhouse Dividend Announcement

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 $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 (DPR) is currently 41.59%.

Analysts Set New Price Targets

TXRH has been the topic of several research analyst reports. Stephens lowered their price target on shares of Texas Roadhouse from $175.00 to $168.00 and set an “equal weight” rating on the stock in a report on Friday, November 7th. Truist Financial lowered their target price on Texas Roadhouse from $210.00 to $195.00 and set a “buy” rating on the stock in a research note on Friday, November 7th. JPMorgan Chase & Co. cut their price target on Texas Roadhouse from $200.00 to $182.00 and set a “neutral” rating for the company in a research note on Tuesday, October 7th. Stifel Nicolaus lifted their price target on Texas Roadhouse from $180.00 to $188.00 and gave the company a “hold” rating in a report on Friday, July 25th. Finally, 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. Two equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Texas Roadhouse has a consensus rating of “Moderate Buy” and an average target price of $192.95.

Texas Roadhouse 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.