Ameritas Investment Partners Inc. Sells 1,725 Shares of Texas Roadhouse, Inc. $TXRH

Ameritas Investment Partners Inc. lowered its position in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 6.9% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 23,101 shares of the restaurant operator’s stock after selling 1,725 shares during the quarter. Ameritas Investment Partners Inc.’s holdings in Texas Roadhouse were worth $4,329,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in TXRH. Private Advisor Group LLC boosted its holdings in Texas Roadhouse by 14.3% during the first quarter. Private Advisor Group LLC now owns 2,872 shares of the restaurant operator’s stock worth $479,000 after purchasing an additional 360 shares during the last quarter. Cetera Investment Advisers increased its stake in Texas Roadhouse by 53.3% in the 1st quarter. Cetera Investment Advisers now owns 9,439 shares of the restaurant operator’s stock valued at $1,573,000 after buying an additional 3,280 shares during the last quarter. HB Wealth Management LLC bought a new stake in Texas Roadhouse during the 1st quarter worth about $258,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Texas Roadhouse by 2.0% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 17,429 shares of the restaurant operator’s stock worth $2,904,000 after buying an additional 348 shares during the last quarter. Finally, LPL Financial LLC grew its holdings in shares of Texas Roadhouse by 26.0% in the 1st quarter. LPL Financial LLC now owns 45,294 shares of the restaurant operator’s stock valued at $7,399,000 after acquiring an additional 9,342 shares in the last quarter. 94.82% of the stock is owned by institutional investors.

Analyst Ratings Changes

TXRH has been the topic of several analyst reports. Wells Fargo & Company dropped their target price on Texas Roadhouse from $175.00 to $170.00 and set an “equal weight” rating on the stock in a report on Friday, November 7th. Royal Bank Of Canada decreased their price target on Texas Roadhouse from $185.00 to $175.00 and set a “sector perform” rating for the company in a research note on Friday, November 7th. Stephens lowered their price target on Texas Roadhouse from $175.00 to $168.00 and set an “equal weight” rating on the stock in a research report on Friday, November 7th. Wall Street Zen downgraded Texas Roadhouse from a “hold” rating to a “sell” rating in a report on Saturday, November 15th. Finally, Guggenheim reissued a “buy” rating and issued a $210.00 target price on shares of Texas Roadhouse in a research note on Tuesday, September 16th. Two research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Texas Roadhouse currently has an average rating of “Moderate Buy” and an average price target of $192.95.

Texas Roadhouse Price Performance

NASDAQ:TXRH opened at $170.71 on Tuesday. Texas Roadhouse, Inc. has a one year low of $148.73 and a one year high of $206.04. The company has a market cap of $11.29 billion, a P/E ratio of 26.06, a P/E/G ratio of 2.50 and a beta of 0.87. The firm’s fifty day moving average price is $167.46 and its two-hundred day moving average price is $178.07.

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

Texas Roadhouse Dividend Announcement

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

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.