Amalgamated Bank Sells 6,226 Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH)

Amalgamated Bank reduced its holdings in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 15.2% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 34,607 shares of the restaurant operator’s stock after selling 6,226 shares during the quarter. Amalgamated Bank owned 0.05% of Texas Roadhouse worth $5,942,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Gries Financial LLC increased its position in shares of Texas Roadhouse by 6.5% in the second quarter. Gries Financial LLC now owns 1,876 shares of the restaurant operator’s stock worth $322,000 after purchasing an additional 114 shares during the last quarter. Advisors Asset Management Inc. increased its holdings in shares of Texas Roadhouse by 4.8% in the 1st quarter. Advisors Asset Management Inc. now owns 2,679 shares of the restaurant operator’s stock worth $414,000 after buying an additional 122 shares during the last quarter. Signaturefd LLC lifted its holdings in shares of Texas Roadhouse by 8.0% during the 2nd quarter. Signaturefd LLC now owns 1,883 shares of the restaurant operator’s stock worth $323,000 after acquiring an additional 140 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. purchased a new position in Texas Roadhouse in the second quarter worth $25,000. Finally, Bridge City Capital LLC increased its position in shares of Texas Roadhouse by 0.8% during the 1st quarter. Bridge City Capital LLC now owns 19,245 shares of the restaurant operator’s stock valued at $2,973,000 after purchasing an additional 150 shares during the last quarter. Hedge funds and other institutional investors own 94.82% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Wells Fargo & Company upped their target price on Texas Roadhouse from $165.00 to $175.00 and gave the stock an “equal weight” rating in a research note on Friday, July 26th. Royal Bank of Canada boosted their target price on Texas Roadhouse from $165.00 to $175.00 and gave the company a “sector perform” rating in a research note on Friday, June 7th. Stephens raised their price target on Texas Roadhouse from $170.00 to $176.00 and gave the stock an “equal weight” rating in a research report on Monday, July 29th. Wedbush upped their price target on shares of Texas Roadhouse from $180.00 to $190.00 and gave the company an “outperform” rating in a report on Friday, July 19th. Finally, Bank of America raised their price target on shares of Texas Roadhouse from $189.00 to $205.00 and gave the stock a “buy” rating in a report on Wednesday, July 17th. Thirteen analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, Texas Roadhouse currently has an average rating of “Hold” and a consensus price target of $171.85.

Texas Roadhouse Stock Down 1.6 %

Texas Roadhouse stock opened at $169.71 on Friday. Texas Roadhouse, Inc. has a twelve month low of $91.06 and a twelve month high of $177.72. The company has a market capitalization of $11.34 billion, a P/E ratio of 34.35, a PEG ratio of 1.48 and a beta of 0.99. The stock’s 50 day moving average is $167.84 and its 200 day moving average is $163.75.

Texas Roadhouse (NASDAQ:TXRH) last released its earnings results on Thursday, July 25th. The restaurant operator reported $1.79 EPS for the quarter, topping analysts’ consensus estimates of $1.64 by $0.15. The firm had revenue of $1.34 billion for the quarter, compared to analysts’ expectations of $1.34 billion. Texas Roadhouse had a return on equity of 30.94% and a net margin of 7.47%. The company’s quarterly revenue was up 14.5% on a year-over-year basis. During the same period in the prior year, the firm posted $1.22 earnings per share. As a group, equities analysts expect that Texas Roadhouse, Inc. will post 6.32 EPS for the current year.

Texas Roadhouse Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 24th. Stockholders of record on Wednesday, September 4th will be paid a $0.61 dividend. The ex-dividend date of this dividend is Wednesday, September 4th. This represents a $2.44 annualized dividend and a dividend yield of 1.44%. Texas Roadhouse’s dividend payout ratio is presently 49.39%.

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.