XTX Topco Ltd Lowers Stake in Texas Roadhouse, Inc. (NASDAQ:TXRH)

XTX Topco Ltd lessened its holdings in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 6.7% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,175 shares of the restaurant operator’s stock after selling 372 shares during the quarter. XTX Topco Ltd’s holdings in Texas Roadhouse were worth $889,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Norges Bank bought a new stake in shares of Texas Roadhouse in the 4th quarter worth approximately $78,544,000. Corient Private Wealth LLC bought a new stake in Texas Roadhouse in the fourth quarter worth $873,000. Franklin Resources Inc. grew its stake in shares of Texas Roadhouse by 1.7% in the fourth quarter. Franklin Resources Inc. now owns 305,488 shares of the restaurant operator’s stock worth $37,340,000 after acquiring an additional 5,185 shares during the last quarter. US Bancorp DE increased its holdings in shares of Texas Roadhouse by 5.8% during the fourth quarter. US Bancorp DE now owns 11,369 shares of the restaurant operator’s stock valued at $1,390,000 after acquiring an additional 620 shares in the last quarter. Finally, Advisory Services Network LLC raised its position in shares of Texas Roadhouse by 0.6% in the 4th quarter. Advisory Services Network LLC now owns 29,163 shares of the restaurant operator’s stock worth $3,565,000 after purchasing an additional 170 shares during the last quarter. Hedge funds and other institutional investors own 94.82% of the company’s stock.

Texas Roadhouse Stock Performance

Shares of Texas Roadhouse stock opened at $169.71 on Friday. The stock’s fifty day moving average is $167.84 and its 200 day moving average is $163.83. The stock has a market cap 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. Texas Roadhouse, Inc. has a one year low of $91.06 and a one year high of $177.72.

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

Texas Roadhouse Dividend Announcement

The company 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 dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.44%. The ex-dividend date is Wednesday, September 4th. Texas Roadhouse’s dividend payout ratio (DPR) is 49.39%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Evercore ISI increased their price objective on shares of Texas Roadhouse from $175.00 to $195.00 and gave the company an “outperform” rating in a research report on Friday, July 26th. Stephens raised their price target on shares of Texas Roadhouse from $170.00 to $176.00 and gave the company an “equal weight” rating in a research report on Monday, July 29th. Royal Bank of Canada boosted their price objective on shares of Texas Roadhouse from $165.00 to $175.00 and gave the stock a “sector perform” rating in a report on Friday, June 7th. JPMorgan Chase & Co. cut their target price 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. Finally, Wells Fargo & Company boosted their price target on Texas Roadhouse from $165.00 to $175.00 and gave the stock an “equal weight” rating in a research note on Friday, July 26th. Thirteen equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $171.85.

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.