CW Advisors LLC Sells 11,472 Shares of Texas Roadhouse, Inc. $TXRH

CW Advisors LLC lowered its position in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 18.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 50,646 shares of the restaurant operator’s stock after selling 11,472 shares during the quarter. CW Advisors LLC owned approximately 0.08% of Texas Roadhouse worth $9,492,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Brooklyn Investment Group grew its position in shares of Texas Roadhouse by 478.6% during the 1st quarter. Brooklyn Investment Group now owns 162 shares of the restaurant operator’s stock worth $27,000 after buying an additional 134 shares in the last quarter. Ameritas Advisory Services LLC purchased a new stake in Texas Roadhouse in the second quarter worth about $53,000. Bogart Wealth LLC grew its holdings in Texas Roadhouse by 51.5% during the 2nd quarter. Bogart Wealth LLC now owns 303 shares of the restaurant operator’s stock worth $57,000 after acquiring an additional 103 shares in the last quarter. WPG Advisers LLC purchased a new position in Texas Roadhouse during the 1st quarter valued at about $59,000. Finally, Farther Finance Advisors LLC raised its holdings in shares of 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 purchasing an additional 58 shares in the last quarter. 94.82% of the stock is currently owned by hedge funds and other institutional investors.

Texas Roadhouse Stock Performance

Shares of NASDAQ TXRH opened at $167.13 on Friday. Texas Roadhouse, Inc. has a fifty-two week low of $148.73 and a fifty-two week high of $199.99. The company has a market cap of $11.06 billion, a PE ratio of 25.56, a P/E/G ratio of 2.75 and a beta of 0.88. The business has a 50-day simple moving average of $169.25 and a two-hundred day simple moving average of $177.33.

Texas Roadhouse (NASDAQ:TXRH) last announced its quarterly earnings data on Thursday, November 6th. The restaurant operator reported $1.25 EPS for the quarter, missing the consensus estimate of $1.28 by ($0.03). The company had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.43 billion. Texas Roadhouse had a net margin of 7.49% and a return on equity of 30.59%. The business’s revenue for the quarter was up 12.8% compared to the same quarter last year. During the same period in the previous year, the business earned $1.26 earnings per share. On average, sell-side analysts predict that Texas Roadhouse, Inc. will post 7.23 earnings per share for the current fiscal year.

Texas Roadhouse Announces Dividend

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 paid a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a dividend yield of 1.6%. The ex-dividend date is Tuesday, December 2nd. Texas Roadhouse’s payout ratio is presently 41.59%.

Analyst Upgrades and Downgrades

TXRH has been the topic of a number of recent research reports. Truist Financial dropped their price objective on shares of Texas Roadhouse from $210.00 to $195.00 and set a “buy” rating on the stock in a research note on Friday, November 7th. Barclays cut their price target on Texas Roadhouse from $187.00 to $170.00 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 research report on Tuesday, October 28th. Zacks Research downgraded Texas Roadhouse from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 22nd. Finally, JPMorgan Chase & Co. reduced their target price on shares of Texas Roadhouse from $200.00 to $182.00 and set a “neutral” rating for the company in a report on Tuesday, October 7th. Two investment 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 given a Sell rating to the stock. According to data from MarketBeat.com, Texas Roadhouse currently 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.