Victory Capital Management Inc. Sells 431,273 Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH)

Victory Capital Management Inc. lowered its position in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 94.9% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 22,965 shares of the restaurant operator’s stock after selling 431,273 shares during the period. Victory Capital Management Inc.’s holdings in Texas Roadhouse were worth $3,943,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Bridgefront Capital LLC bought a new stake in shares of Texas Roadhouse in the 4th quarter valued at about $736,000. Ontario Teachers Pension Plan Board bought a new stake in shares of Texas Roadhouse in the 1st quarter valued at about $2,338,000. Bank of Nova Scotia grew its position in shares of Texas Roadhouse by 5,135.0% in the 4th quarter. Bank of Nova Scotia now owns 222,538 shares of the restaurant operator’s stock valued at $27,200,000 after buying an additional 218,287 shares during the last quarter. Los Angeles Capital Management LLC grew its position in shares of Texas Roadhouse by 158.3% in the 1st quarter. Los Angeles Capital Management LLC now owns 22,510 shares of the restaurant operator’s stock valued at $3,477,000 after buying an additional 13,795 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Texas Roadhouse in the 1st quarter valued at about $4,522,000. Institutional investors own 94.82% of the company’s stock.

Texas Roadhouse Stock Down 0.4 %

Shares of Texas Roadhouse stock opened at $163.30 on Tuesday. The company has a market cap of $10.91 billion, a PE ratio of 33.06, a price-to-earnings-growth ratio of 1.46 and a beta of 0.99. Texas Roadhouse, Inc. has a 52 week low of $91.06 and a 52 week high of $177.72. The business has a 50 day moving average price of $167.82 and a 200-day moving average price of $163.44.

Texas Roadhouse (NASDAQ:TXRH) last issued its quarterly earnings data 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 firm had revenue of $1.34 billion during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period in the prior year, the business posted $1.22 earnings per share. As a group, research analysts anticipate that Texas Roadhouse, Inc. will post 6.32 EPS for the current year.

Texas Roadhouse Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 24th. Investors of record on Wednesday, September 4th will be given a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.49%. The ex-dividend date of this dividend is Wednesday, September 4th. Texas Roadhouse’s payout ratio is 49.39%.

Analyst Ratings Changes

A number of equities research analysts have commented on TXRH shares. Deutsche Bank Aktiengesellschaft upped their price target on Texas Roadhouse from $190.00 to $193.00 and gave the company a “buy” rating in a research report on Tuesday, July 16th. Royal Bank of Canada upped their target price on Texas Roadhouse from $165.00 to $175.00 and gave the company a “sector perform” rating in a research report on Friday, June 7th. Wells Fargo & Company upped their target price on Texas Roadhouse from $165.00 to $175.00 and gave the company an “equal weight” rating in a research report on Friday, July 26th. Stephens upped 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. Finally, Truist Financial upped their target price on Texas Roadhouse from $185.00 to $196.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Thirteen equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Texas Roadhouse has an average rating of “Hold” and an average target price of $171.85.

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.