Hancock Whitney Corp Sells 260 Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH)

Hancock Whitney Corp decreased its holdings in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 2.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,409 shares of the restaurant operator’s stock after selling 260 shares during the period. Hancock Whitney Corp’s holdings in Texas Roadhouse were worth $1,959,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. LRI Investments LLC bought a new stake in Texas Roadhouse in the 1st quarter worth about $25,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Texas Roadhouse in the second quarter worth approximately $25,000. Hollencrest Capital Management bought a new stake in shares of Texas Roadhouse in the second quarter worth approximately $25,000. McClarren Financial Advisors Inc. raised its holdings in shares of Texas Roadhouse by 4,175.0% during the second quarter. McClarren Financial Advisors Inc. now owns 171 shares of the restaurant operator’s stock valued at $29,000 after purchasing an additional 167 shares during the last quarter. Finally, Rise Advisors LLC bought a new position in Texas Roadhouse during the first quarter valued at approximately $32,000. Hedge funds and other institutional investors own 94.82% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. Royal Bank of Canada boosted their target price on shares of Texas Roadhouse from $165.00 to $175.00 and gave the company a “sector perform” rating in a research note on Friday, June 7th. Wedbush upped their price objective on Texas Roadhouse from $180.00 to $190.00 and gave the company an “outperform” rating in a research report on Friday, July 19th. Bank of America raised their target price on Texas Roadhouse from $189.00 to $205.00 and gave the stock a “buy” rating in a research report on Wednesday, July 17th. Stephens upped their price target on shares of Texas Roadhouse from $170.00 to $176.00 and gave the company an “equal weight” rating in a research report on Monday, July 29th. Finally, Truist Financial increased their price objective on shares of Texas Roadhouse from $185.00 to $196.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Thirteen equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $171.85.

Texas Roadhouse Trading Down 1.6 %

NASDAQ TXRH opened at $169.71 on Friday. Texas Roadhouse, Inc. has a 12 month low of $91.06 and a 12 month high of $177.72. The stock has a market cap of $11.34 billion, a PE ratio of 34.35, a P/E/G 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 $163.83.

Texas Roadhouse (NASDAQ:TXRH) last issued its earnings results on Thursday, July 25th. The restaurant operator reported $1.79 earnings per share for the quarter, topping analysts’ consensus estimates of $1.64 by $0.15. The firm had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.34 billion. Texas Roadhouse had a net margin of 7.47% and a return on equity of 30.94%. Texas Roadhouse’s revenue for the quarter was up 14.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.22 earnings per share. On average, analysts forecast that Texas Roadhouse, Inc. will post 6.32 EPS for the current fiscal 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 issued 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 (DPR) is 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.