DekaBank Deutsche Girozentrale Trims Stake in Texas Roadhouse, Inc. (NASDAQ:TXRH)

DekaBank Deutsche Girozentrale decreased its position in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 7.1% during the second quarter, according to its most recent filing with the SEC. The firm owned 108,771 shares of the restaurant operator’s stock after selling 8,262 shares during the period. DekaBank Deutsche Girozentrale owned about 0.16% of Texas Roadhouse worth $18,951,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in TXRH. LRI Investments LLC purchased a new position in shares of Texas Roadhouse during the 1st quarter worth approximately $25,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Texas Roadhouse during the 2nd quarter worth approximately $25,000. McClarren Financial Advisors Inc. grew its holdings in shares of Texas Roadhouse by 4,175.0% during the 2nd quarter. McClarren Financial Advisors Inc. now owns 171 shares of the restaurant operator’s stock worth $29,000 after acquiring an additional 167 shares during the period. Rise Advisors LLC purchased a new position in shares of Texas Roadhouse during the 1st quarter worth approximately $32,000. Finally, China Universal Asset Management Co. Ltd. grew its holdings in shares of Texas Roadhouse by 454.5% during the 1st quarter. China Universal Asset Management Co. Ltd. now owns 244 shares of the restaurant operator’s stock worth $38,000 after acquiring an additional 200 shares during the period. Hedge funds and other institutional investors own 94.82% of the company’s stock.

Texas Roadhouse Price Performance

NASDAQ TXRH opened at $163.92 on Monday. The business’s fifty day moving average price is $167.99 and its 200-day moving average price is $163.34. The stock has a market capitalization of $10.93 billion, a price-to-earnings ratio of 33.18, a PEG ratio of 1.46 and a beta of 0.99. Texas Roadhouse, Inc. has a 1-year low of $91.06 and a 1-year high of $177.72.

Texas Roadhouse (NASDAQ:TXRH) last released its quarterly earnings results on Thursday, July 25th. The restaurant operator reported $1.79 earnings per share for the quarter, beating the consensus estimate 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 revenue was up 14.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.22 EPS. Equities research analysts anticipate that Texas Roadhouse, Inc. will post 6.32 EPS for the current year.

Texas Roadhouse Dividend Announcement

The business also recently disclosed 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 is Wednesday, September 4th. This represents a $2.44 annualized dividend and a dividend yield of 1.49%. Texas Roadhouse’s dividend payout ratio (DPR) is 49.39%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Evercore ISI upped their price target on Texas Roadhouse from $175.00 to $195.00 and gave the stock an “outperform” rating in a research note on Friday, July 26th. Morgan Stanley upped their price target on Texas Roadhouse from $155.00 to $162.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 16th. BTIG Research upped their price target on Texas Roadhouse from $175.00 to $190.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. BMO Capital Markets upped their price target on Texas Roadhouse from $145.00 to $155.00 and gave the stock a “market perform” rating in a research note on Friday, July 26th. Finally, JPMorgan Chase & Co. cut their price target on Texas Roadhouse from $184.00 to $180.00 and set a “neutral” rating on the stock in a research note on Monday, July 29th. Thirteen investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $171.85.

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.