Ameritas Investment Partners Inc. Sells 1,340 Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH)

Ameritas Investment Partners Inc. lessened its position in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 4.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 25,906 shares of the restaurant operator’s stock after selling 1,340 shares during the period. Ameritas Investment Partners Inc.’s holdings in Texas Roadhouse were worth $4,448,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of TXRH. Benjamin F. Edwards & Company Inc. increased its holdings in shares of Texas Roadhouse by 12.9% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 743 shares of the restaurant operator’s stock worth $128,000 after purchasing an additional 85 shares during the period. Gries Financial LLC increased its stake in Texas Roadhouse by 6.5% in the 2nd quarter. Gries Financial LLC now owns 1,876 shares of the restaurant operator’s stock worth $322,000 after acquiring an additional 114 shares during the last quarter. Advisors Asset Management Inc. increased its stake in Texas Roadhouse by 4.8% in the 1st quarter. Advisors Asset Management Inc. now owns 2,679 shares of the restaurant operator’s stock worth $414,000 after acquiring an additional 122 shares during the last quarter. Signaturefd LLC boosted its position in shares of Texas Roadhouse by 8.0% during the 2nd quarter. Signaturefd LLC now owns 1,883 shares of the restaurant operator’s stock valued at $323,000 after acquiring an additional 140 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Texas Roadhouse during the second quarter worth about $25,000. 94.82% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

TXRH has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft raised their target price on shares of Texas Roadhouse from $190.00 to $193.00 and gave the company a “buy” rating in a research note on Tuesday, July 16th. Truist Financial lifted their price objective on shares of Texas Roadhouse from $185.00 to $196.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Wedbush increased their target price on Texas Roadhouse from $180.00 to $190.00 and gave the company an “outperform” rating in a research note on Friday, July 19th. BTIG Research raised their price target on Texas Roadhouse from $175.00 to $190.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Finally, BMO Capital Markets upped their price objective on Texas Roadhouse from $145.00 to $155.00 and gave the stock a “market perform” rating in a report on Friday, July 26th. Thirteen research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $171.85.

Texas Roadhouse Price Performance

Shares of NASDAQ TXRH opened at $169.71 on Friday. Texas Roadhouse, Inc. has a 1 year low of $91.06 and a 1 year high of $177.72. The stock has a market capitalization of $11.34 billion, a P/E ratio of 34.35, a P/E/G ratio of 1.48 and a beta of 0.99. The company’s 50-day moving average is $167.84 and its 200 day moving average is $163.75.

Texas Roadhouse (NASDAQ:TXRH) last posted 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 for 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 business’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 EPS. Research analysts anticipate that Texas Roadhouse, Inc. will post 6.32 earnings per share for the current year.

Texas Roadhouse Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 24th. Investors of record on Wednesday, September 4th will be paid a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a yield of 1.44%. The ex-dividend date is Wednesday, September 4th. Texas Roadhouse’s payout ratio is currently 49.39%.

About Texas Roadhouse

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.