Point72 DIFC Ltd Buys Shares of 741 Texas Roadhouse, Inc. (NASDAQ:TXRH)

Point72 DIFC Ltd bought a new position in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund bought 741 shares of the restaurant operator’s stock, valued at approximately $127,000.

Several other institutional investors also recently modified their holdings of the stock. LRI Investments LLC bought a new position in Texas Roadhouse during the 1st quarter worth approximately $25,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Texas Roadhouse during the second quarter worth $25,000. Hollencrest Capital Management acquired a new position in shares of Texas Roadhouse in the 2nd quarter valued at $25,000. McClarren Financial Advisors Inc. increased its position in shares of Texas Roadhouse by 4,175.0% in the 2nd quarter. McClarren Financial Advisors Inc. now owns 171 shares of the restaurant operator’s stock valued at $29,000 after buying an additional 167 shares in the last quarter. Finally, Rise Advisors LLC acquired a new stake in Texas Roadhouse during the 1st quarter worth $32,000. 94.82% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have issued reports on TXRH. JPMorgan Chase & Co. decreased their target price on Texas Roadhouse from $184.00 to $180.00 and set a “neutral” rating for the company in a research note on Monday, July 29th. Citigroup increased their target price on Texas Roadhouse from $192.00 to $201.00 and gave the stock a “buy” rating in a research note on Tuesday. Bank of America raised their target price 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. Truist Financial boosted their price objective on shares of Texas Roadhouse from $185.00 to $196.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Finally, Wedbush reaffirmed an “outperform” rating and issued a $190.00 target price on shares of Texas Roadhouse in a research note on Tuesday, September 24th. Thirteen investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $176.60.

Texas Roadhouse Trading Up 0.4 %

TXRH opened at $177.22 on Wednesday. The stock’s fifty day simple moving average is $168.52 and its 200 day simple moving average is $165.17. Texas Roadhouse, Inc. has a 1-year low of $91.06 and a 1-year high of $180.69. The stock has a market cap of $11.82 billion, a PE ratio of 35.87, a price-to-earnings-growth ratio of 1.58 and a beta of 0.99.

Texas Roadhouse (NASDAQ:TXRH) last announced its earnings results on Thursday, July 25th. The restaurant operator reported $1.79 EPS for the quarter, topping the consensus estimate of $1.64 by $0.15. The business had revenue of $1.34 billion during the quarter, compared to the consensus estimate 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 was up 14.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.22 EPS. Equities analysts forecast that Texas Roadhouse, Inc. will post 6.33 earnings per share for the current year.

Texas Roadhouse Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 24th. Stockholders of record on Wednesday, September 4th were given a $0.61 dividend. This represents a $2.44 annualized dividend and a dividend yield of 1.38%. The ex-dividend date of this dividend was Wednesday, September 4th. Texas Roadhouse’s payout ratio is 49.39%.

Texas Roadhouse Company 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.