nVerses Capital LLC Sells 1,800 Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH)

nVerses Capital LLC decreased its holdings in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 75.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 600 shares of the restaurant operator’s stock after selling 1,800 shares during the period. nVerses Capital LLC’s holdings in Texas Roadhouse were worth $106,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. LRI Investments LLC bought a new position in Texas Roadhouse during the 1st quarter valued at approximately $25,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Texas Roadhouse in the 2nd quarter worth approximately $25,000. Hollencrest Capital Management bought a new position in shares of Texas Roadhouse in the 2nd quarter worth approximately $25,000. McClarren Financial Advisors Inc. raised its position in shares of Texas Roadhouse by 4,175.0% in 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 in the last quarter. Finally, UMB Bank n.a. raised its position in shares of Texas Roadhouse by 118.6% in the 3rd quarter. UMB Bank n.a. now owns 258 shares of the restaurant operator’s stock worth $46,000 after acquiring an additional 140 shares in the last quarter. Institutional investors own 94.82% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft raised their price objective on Texas Roadhouse from $190.00 to $193.00 and gave the company a “buy” rating in a research report on Tuesday, July 16th. BTIG Research increased their target price on Texas Roadhouse from $175.00 to $190.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Wedbush reissued an “outperform” rating and issued a $190.00 target price on shares of Texas Roadhouse in a report on Tuesday, September 24th. Morgan Stanley lifted their target price on Texas Roadhouse from $155.00 to $162.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 16th. Finally, Citigroup lifted their target price on Texas Roadhouse from $192.00 to $201.00 and gave the stock a “buy” rating in a report on Tuesday, October 1st. Twelve analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $177.15.

Texas Roadhouse Stock Performance

NASDAQ:TXRH opened at $183.89 on Monday. The stock has a 50-day simple moving average of $171.06 and a two-hundred day simple moving average of $167.45. Texas Roadhouse, Inc. has a 52-week low of $93.79 and a 52-week high of $184.19. The firm has a market capitalization of $12.26 billion, a PE ratio of 33.37, a P/E/G ratio of 1.66 and a beta of 0.99.

Texas Roadhouse (NASDAQ:TXRH) last released its quarterly earnings results on Thursday, July 25th. The restaurant operator reported $1.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.64 by $0.15. Texas Roadhouse had a return on equity of 30.94% and a net margin of 7.47%. The business had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.34 billion. During the same quarter in the previous year, the company posted $1.22 earnings per share. Texas Roadhouse’s revenue for the quarter was up 14.5% on a year-over-year basis. Equities analysts forecast that Texas Roadhouse, Inc. will post 6.35 earnings per share for the current fiscal year.

Texas Roadhouse Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 24th. Stockholders of record on Wednesday, September 4th were given a $0.61 dividend. The ex-dividend date of this dividend was Wednesday, September 4th. This represents a $2.44 annualized dividend and a dividend yield of 1.33%. Texas Roadhouse’s payout ratio is 44.28%.

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.