Seven Eight Capital LP Cuts Stake in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Seven Eight Capital LP decreased its holdings in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 80.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,334 shares of the restaurant operator’s stock after selling 5,415 shares during the period. Seven Eight Capital LP’s holdings in Texas Roadhouse were worth $229,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the business. Gries Financial LLC raised its stake in Texas Roadhouse by 6.5% during the 2nd quarter. Gries Financial LLC now owns 1,876 shares of the restaurant operator’s stock valued at $322,000 after buying an additional 114 shares during the last quarter. Advisors Asset Management Inc. lifted its holdings in Texas Roadhouse by 4.8% in the first quarter. Advisors Asset Management Inc. now owns 2,679 shares of the restaurant operator’s stock valued at $414,000 after acquiring an additional 122 shares during the period. Signaturefd LLC boosted its position in Texas Roadhouse by 8.0% in the second quarter. Signaturefd LLC now owns 1,883 shares of the restaurant operator’s stock worth $323,000 after purchasing an additional 140 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Texas Roadhouse during the second quarter valued at approximately $25,000. Finally, Bridge City Capital LLC grew 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 acquiring an additional 150 shares during the period. 94.82% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently weighed in on TXRH shares. Stephens lifted their target price on Texas Roadhouse from $170.00 to $176.00 and gave the company an “equal weight” rating in a research report on Monday, July 29th. Bank of America upped their price target on Texas Roadhouse from $189.00 to $205.00 and gave the stock a “buy” rating in a research note on Wednesday, July 17th. Evercore ISI lifted their target price on Texas Roadhouse from $175.00 to $195.00 and gave the stock an “outperform” rating in a report on Friday, July 26th. Wedbush increased their price target on Texas Roadhouse from $180.00 to $190.00 and gave the company an “outperform” rating in a research note on Friday, July 19th. Finally, Wells Fargo & Company raised their price target on Texas Roadhouse from $165.00 to $175.00 and gave the company an “equal weight” rating in a report on Friday, July 26th. Thirteen investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $171.85.

Texas Roadhouse Stock Up 3.3 %

NASDAQ TXRH opened at $175.28 on Tuesday. Texas Roadhouse, Inc. has a 52 week low of $91.06 and a 52 week high of $177.72. The company has a 50 day moving average price of $167.95 and a 200 day moving average price of $164.10. The firm has a market cap of $11.71 billion, a PE ratio of 35.48, a price-to-earnings-growth ratio of 1.48 and a beta of 0.99.

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

Texas Roadhouse Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 24th. Investors of record on Wednesday, September 4th will be paid a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a yield of 1.39%. The ex-dividend date of this dividend is Wednesday, September 4th. Texas Roadhouse’s dividend payout ratio (DPR) 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.