First Trust Advisors LP Has $37.54 Million Position in Texas Roadhouse, Inc. $TXRH

First Trust Advisors LP lessened its stake in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 25.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 200,325 shares of the restaurant operator’s stock after selling 66,699 shares during the period. First Trust Advisors LP owned about 0.30% of Texas Roadhouse worth $37,543,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in TXRH. Invesco Ltd. lifted its stake in shares of Texas Roadhouse by 17.2% in the second quarter. Invesco Ltd. now owns 2,603,729 shares of the restaurant operator’s stock worth $487,965,000 after acquiring an additional 382,699 shares during the period. Axiom Investors LLC DE raised its holdings in Texas Roadhouse by 3,696.7% during the 1st quarter. Axiom Investors LLC DE now owns 2,173,807 shares of the restaurant operator’s stock worth $362,221,000 after purchasing an additional 2,116,552 shares during the last quarter. T. Rowe Price Investment Management Inc. lifted its position in shares of Texas Roadhouse by 209.3% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 1,609,608 shares of the restaurant operator’s stock worth $268,209,000 after purchasing an additional 1,089,256 shares during the period. Geode Capital Management LLC boosted its stake in shares of Texas Roadhouse by 1.5% in the 2nd quarter. Geode Capital Management LLC now owns 1,302,021 shares of the restaurant operator’s stock valued at $244,048,000 after purchasing an additional 19,296 shares during the last quarter. Finally, AQR Capital Management LLC boosted its stake 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. 94.82% of the stock is currently owned by institutional investors.

Texas Roadhouse Price Performance

Shares of Texas Roadhouse stock opened at $164.95 on Wednesday. The business has a 50-day simple moving average of $169.27 and a 200 day simple moving average of $176.62. Texas Roadhouse, Inc. has a one year low of $148.73 and a one year high of $199.99. The firm has a market capitalization of $10.91 billion, a price-to-earnings ratio of 25.22, a PEG ratio of 2.69 and a beta of 0.88.

Texas Roadhouse (NASDAQ:TXRH) last announced its quarterly earnings results 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 return on equity of 30.59% and a net margin of 7.49%.The firm had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.43 billion. During the same quarter in the previous year, the company posted $1.26 EPS. The firm’s revenue was up 12.8% on a year-over-year basis. On average, sell-side analysts expect that Texas Roadhouse, Inc. will post 7.23 EPS for the current year.

Texas Roadhouse Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 30th. Investors of record on Tuesday, December 2nd will be given a $0.68 dividend. The ex-dividend date of this dividend is Tuesday, December 2nd. This represents a $2.72 annualized dividend and a yield of 1.6%. Texas Roadhouse’s dividend payout ratio (DPR) is presently 41.59%.

Wall Street Analyst Weigh In

TXRH has been the topic of several recent analyst reports. Morgan Stanley dropped their target price on shares of Texas Roadhouse from $210.00 to $205.00 and set an “overweight” rating on the stock in a report on Monday, November 10th. Mizuho raised Texas Roadhouse to a “strong-buy” rating in a research note on Tuesday, October 28th. UBS Group restated a “buy” rating on shares of Texas Roadhouse in a research report on Monday, November 10th. JPMorgan Chase & Co. decreased their target price on Texas Roadhouse from $200.00 to $182.00 and set a “neutral” rating for the company in a research note on Tuesday, October 7th. Finally, Truist Financial dropped their price target on Texas Roadhouse from $210.00 to $195.00 and set a “buy” rating on the stock in a research note on Friday, November 7th. 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 stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $192.95.

Insiders Place Their Bets

In other news, Director Hugh J. Carroll sold 1,000 shares of the business’s stock in a transaction dated Thursday, December 4th. The shares were sold at an average price of $167.27, for a total transaction of $167,270.00. Following the completion of the sale, the director directly owned 1,854 shares of the company’s stock, valued at $310,118.58. The trade was a 35.04% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Gregory N. Moore sold 1,400 shares of the firm’s stock in a transaction dated Wednesday, December 3rd. The shares were sold at an average price of $170.00, for a total transaction of $238,000.00. Following the completion of the transaction, the director directly owned 32,150 shares in the company, valued at approximately $5,465,500. The trade was a 4.17% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 0.50% of the company’s stock.

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.