Texas Roadhouse, Inc. $TXRH Shares Sold by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership trimmed its position in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 10.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 738,210 shares of the restaurant operator’s stock after selling 85,275 shares during the period. Arrowstreet Capital Limited Partnership owned about 1.11% of Texas Roadhouse worth $138,348,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Brooklyn Investment Group increased its position in shares of Texas Roadhouse by 478.6% in the 1st quarter. Brooklyn Investment Group now owns 162 shares of the restaurant operator’s stock valued at $27,000 after purchasing an additional 134 shares during the last quarter. Ameritas Advisory Services LLC acquired a new position in shares of Texas Roadhouse during the second quarter worth $53,000. Bogart Wealth LLC increased its holdings in Texas Roadhouse by 51.5% in the second quarter. Bogart Wealth LLC now owns 303 shares of the restaurant operator’s stock valued at $57,000 after buying an additional 103 shares during the last quarter. WPG Advisers LLC acquired a new stake in Texas Roadhouse in the first quarter valued at $59,000. Finally, 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 worth $59,000 after buying an additional 58 shares during the last quarter. Hedge funds and other institutional investors own 94.82% of the company’s stock.

Texas Roadhouse Trading Down 0.6%

TXRH stock opened at $169.92 on Wednesday. The company has a market capitalization of $11.24 billion, a P/E ratio of 25.94, a PEG ratio of 2.50 and a beta of 0.88. The business has a 50 day simple moving average of $169.03 and a 200-day simple moving average of $177.46. Texas Roadhouse, Inc. has a twelve month low of $148.73 and a twelve month high of $200.14.

Texas Roadhouse (NASDAQ:TXRH) last released its quarterly earnings results 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 net margin of 7.72% and a return on equity of 31.52%. The business had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.43 billion. During the same quarter last year, the company earned $1.26 EPS. The firm’s revenue for the quarter was up 12.8% compared to the same quarter last year. Research analysts predict that Texas Roadhouse, Inc. will post 7.23 EPS for the current fiscal year.

Texas Roadhouse Announces Dividend

The business 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 dividend yield of 1.6%. Texas Roadhouse’s dividend payout ratio (DPR) is currently 41.59%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on TXRH. Stephens dropped their price objective on Texas Roadhouse from $175.00 to $168.00 and set an “equal weight” rating on the stock in a report on Friday, November 7th. Mizuho raised Texas Roadhouse to a “strong-buy” rating in a report on Tuesday, October 28th. Zacks Research cut shares of Texas Roadhouse from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 22nd. Morgan Stanley lowered their target price on shares of Texas Roadhouse from $210.00 to $205.00 and set an “overweight” rating for the company in a report on Monday, November 10th. Finally, Guggenheim reaffirmed a “buy” rating and issued a $210.00 target price on shares of Texas Roadhouse in a research report on Tuesday, September 16th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus 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.