Charles Schwab Investment Management Inc. Decreases Position in Texas Roadhouse, Inc. $TXRH

Charles Schwab Investment Management Inc. decreased its holdings in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 4.1% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 554,788 shares of the restaurant operator’s stock after selling 23,977 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.84% of Texas Roadhouse worth $103,973,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the business. Axiom Investors LLC DE raised its stake in Texas Roadhouse by 3,696.7% in the first quarter. Axiom Investors LLC DE now owns 2,173,807 shares of the restaurant operator’s stock valued at $362,221,000 after buying an additional 2,116,552 shares during the last quarter. T. Rowe Price Investment Management Inc. increased its holdings in shares of Texas Roadhouse by 209.3% during the first quarter. T. Rowe Price Investment Management Inc. now owns 1,609,608 shares of the restaurant operator’s stock valued at $268,209,000 after acquiring an additional 1,089,256 shares in the last quarter. AQR Capital Management LLC raised its position in shares of Texas Roadhouse by 54.3% in the 1st quarter. AQR Capital Management LLC now owns 1,261,587 shares of the restaurant operator’s stock valued at $209,840,000 after purchasing an additional 443,767 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in Texas Roadhouse by 2,515.2% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 417,045 shares of the restaurant operator’s stock worth $78,158,000 after purchasing an additional 401,098 shares in the last quarter. Finally, Nuveen LLC purchased a new stake in Texas Roadhouse during the 1st quarter worth approximately $36,208,000. 94.82% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on TXRH shares. Wells Fargo & Company cut their price target on shares of Texas Roadhouse from $175.00 to $170.00 and set an “equal weight” rating on the stock in a research note on Friday, November 7th. UBS Group reissued a “buy” rating on shares of Texas Roadhouse in a research report on Monday, November 10th. Stephens lowered their price target on Texas Roadhouse from $175.00 to $168.00 and set an “equal weight” rating for the company in a research report on Friday, November 7th. Wall Street Zen downgraded Texas Roadhouse from a “hold” rating to a “sell” rating in a research note on Saturday, November 15th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Texas Roadhouse in a report on Tuesday. Two investment 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 given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $192.95.

Texas Roadhouse Stock Down 0.7%

Shares of TXRH stock opened at $175.53 on Friday. Texas Roadhouse, Inc. has a 52-week low of $148.73 and a 52-week high of $206.04. The stock has a market cap of $11.61 billion, a PE ratio of 26.80, a price-to-earnings-growth ratio of 2.50 and a beta of 0.87. The business has a 50-day simple moving average of $168.59 and a 200-day simple moving average of $177.92.

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

Texas Roadhouse Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 30th. Investors of record on Tuesday, December 2nd will be issued 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 yield of 1.5%. Texas Roadhouse’s dividend payout ratio is 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.