Baird Financial Group Inc. Has $47.44 Million Position in Texas Roadhouse, Inc. $TXRH

Baird Financial Group Inc. lessened its stake in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 7.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 253,127 shares of the restaurant operator’s stock after selling 20,524 shares during the period. Baird Financial Group Inc. owned 0.38% of Texas Roadhouse worth $47,439,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Brooklyn Investment Group raised its position in shares of Texas Roadhouse by 478.6% during the first quarter. Brooklyn Investment Group now owns 162 shares of the restaurant operator’s stock worth $27,000 after acquiring an additional 134 shares during the last quarter. Ameritas Advisory Services LLC acquired a new stake in Texas Roadhouse in the second quarter worth about $53,000. Bogart Wealth LLC increased its position in Texas Roadhouse by 51.5% in the second quarter. Bogart Wealth LLC now owns 303 shares of the restaurant operator’s stock worth $57,000 after purchasing an additional 103 shares during the period. Farther Finance Advisors LLC raised 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 purchasing an additional 58 shares during the last quarter. Finally, WPG Advisers LLC acquired a new position in Texas Roadhouse during the 1st quarter valued at about $59,000. 94.82% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

TXRH has been the subject of several analyst reports. Truist Financial lowered their price target on shares of Texas Roadhouse from $210.00 to $195.00 and set a “buy” rating for the company in a research report on Friday, November 7th. Stephens reduced their price objective on shares of Texas Roadhouse from $175.00 to $168.00 and set an “equal weight” rating on the stock in a research note on Friday, November 7th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Texas Roadhouse in a research report on Monday. Morgan Stanley reduced their price target on Texas Roadhouse from $210.00 to $205.00 and set an “overweight” rating on the stock in a research report on Monday, November 10th. Finally, Barclays decreased their price objective on Texas Roadhouse from $187.00 to $170.00 and set an “equal weight” rating for the company in a research note on Friday, November 7th. Two analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $192.95.

Texas Roadhouse Price Performance

Shares of Texas Roadhouse stock opened at $167.13 on Friday. The company has a market capitalization of $11.06 billion, a P/E ratio of 25.56, a price-to-earnings-growth ratio of 2.75 and a beta of 0.88. The business has a 50-day moving average of $169.25 and a two-hundred day moving average of $177.33. Texas Roadhouse, Inc. has a 1 year low of $148.73 and a 1 year high of $199.99.

Texas Roadhouse (NASDAQ:TXRH) last issued 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 net margin of 7.49% and a return on equity of 30.59%. The business had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.43 billion. During the same quarter in the prior year, the firm posted $1.26 earnings per share. Texas Roadhouse’s revenue for the quarter was up 12.8% compared to the same quarter last year. On average, equities analysts anticipate that Texas Roadhouse, Inc. will post 7.23 EPS for the current fiscal year.

Texas Roadhouse Dividend Announcement

The business also recently disclosed 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 annualized dividend and a dividend yield of 1.6%. Texas Roadhouse’s dividend payout ratio is currently 41.59%.

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.