Dimensional Fund Advisors LP Has $106.54 Million Position in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Dimensional Fund Advisors LP lowered its position in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 21.2% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 620,383 shares of the restaurant operator’s stock after selling 166,914 shares during the quarter. Dimensional Fund Advisors LP owned approximately 0.93% of Texas Roadhouse worth $106,537,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Bridgefront Capital LLC acquired a new position in Texas Roadhouse in the fourth quarter valued at about $736,000. Ontario Teachers Pension Plan Board acquired a new position in Texas Roadhouse in the first quarter valued at about $2,338,000. Bank of Nova Scotia grew its stake in Texas Roadhouse by 5,135.0% in the fourth quarter. Bank of Nova Scotia now owns 222,538 shares of the restaurant operator’s stock valued at $27,200,000 after acquiring an additional 218,287 shares during the period. Los Angeles Capital Management LLC grew its stake in Texas Roadhouse by 158.3% in the first quarter. Los Angeles Capital Management LLC now owns 22,510 shares of the restaurant operator’s stock valued at $3,477,000 after acquiring an additional 13,795 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new position in Texas Roadhouse in the first quarter valued at about $4,522,000. Institutional investors own 94.82% of the company’s stock.

Analyst Upgrades and Downgrades

TXRH has been the subject of a number of research analyst reports. BMO Capital Markets boosted their target price on Texas Roadhouse from $145.00 to $155.00 and gave the company a “market perform” rating in a research note on Friday, July 26th. Evercore ISI increased their target price on Texas Roadhouse from $175.00 to $195.00 and gave the stock an “outperform” rating in a research note on Friday, July 26th. Wedbush increased their target price on Texas Roadhouse from $180.00 to $190.00 and gave the stock an “outperform” rating in a research note on Friday, July 19th. Bank of America raised their price objective on Texas Roadhouse from $189.00 to $205.00 and gave the stock a “buy” rating in a research note on Wednesday, July 17th. Finally, Morgan Stanley raised their price objective 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. Thirteen analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $171.85.

Texas Roadhouse Stock Up 3.3 %

NASDAQ TXRH opened at $175.28 on Tuesday. Texas Roadhouse, Inc. has a twelve month low of $91.06 and a twelve month high of $177.72. The company has a market cap of $11.71 billion, a price-to-earnings ratio of 35.48, a price-to-earnings-growth ratio of 1.48 and a beta of 0.99. The business’s fifty day moving average is $167.95 and its 200 day moving average is $164.10.

Texas Roadhouse (NASDAQ:TXRH) last released its quarterly earnings data 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 company 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%. Texas Roadhouse’s revenue for the quarter was up 14.5% on a year-over-year basis. During the same quarter last year, the business posted $1.22 EPS. On average, research analysts anticipate that Texas Roadhouse, Inc. will post 6.32 earnings per share for the current fiscal year.

Texas Roadhouse Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 24th. Shareholders of record on Wednesday, September 4th will be issued a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a yield of 1.39%. The ex-dividend date of this dividend is Wednesday, September 4th. Texas Roadhouse’s payout ratio is presently 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.