SG Americas Securities LLC Sells 17,753 Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH)

SG Americas Securities LLC cut its stake in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 93.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,314 shares of the restaurant operator’s stock after selling 17,753 shares during the period. SG Americas Securities LLC’s holdings in Texas Roadhouse were worth $232,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Texas Roadhouse in the second quarter worth about $25,000. Hollencrest Capital Management bought a new position in shares of Texas Roadhouse in the second quarter worth about $25,000. LRI Investments LLC bought a new position in shares of Texas Roadhouse in the first quarter worth about $25,000. McClarren Financial Advisors Inc. grew its holdings in shares of Texas Roadhouse by 4,175.0% in the second quarter. McClarren Financial Advisors Inc. now owns 171 shares of the restaurant operator’s stock worth $29,000 after purchasing an additional 167 shares during the last quarter. Finally, Ashton Thomas Private Wealth LLC bought a new position in Texas Roadhouse during the 2nd quarter worth about $47,000. 94.82% of the stock is currently owned by institutional investors.

Texas Roadhouse Stock Down 1.6 %

Shares of Texas Roadhouse stock opened at $181.02 on Tuesday. The firm has a market capitalization of $12.07 billion, a P/E ratio of 32.85, a PEG ratio of 1.66 and a beta of 0.99. The company has a 50 day moving average price of $171.34 and a 200 day moving average price of $167.68. Texas Roadhouse, Inc. has a 52 week low of $93.79 and a 52 week high of $184.19.

Texas Roadhouse (NASDAQ:TXRH) last posted its quarterly earnings results on Thursday, July 25th. The restaurant operator reported $1.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 last year, the firm posted $1.22 EPS. Texas Roadhouse’s revenue for the quarter was up 14.5% compared to the same quarter last year. As a group, research analysts anticipate that Texas Roadhouse, Inc. will post 6.35 earnings per share for the current fiscal year.

Texas Roadhouse Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 24th. Shareholders of record on Wednesday, September 4th were given a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a yield of 1.35%. The ex-dividend date of this dividend was Wednesday, September 4th. Texas Roadhouse’s dividend payout ratio is presently 44.28%.

Analyst Ratings Changes

Several brokerages have issued reports on TXRH. Bank of America increased their target price on shares of Texas Roadhouse from $189.00 to $205.00 and gave the stock a “buy” rating in a report on Wednesday, July 17th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Texas Roadhouse from $190.00 to $193.00 and gave the stock a “buy” rating in a report on Tuesday, July 16th. Truist Financial increased their target price on shares of Texas Roadhouse from $196.00 to $202.00 and gave the stock a “buy” rating in a report on Friday, October 4th. Stephens increased their target price on shares of Texas Roadhouse from $170.00 to $176.00 and gave the stock an “equal weight” rating in a report on Monday, July 29th. Finally, Morgan Stanley increased their target price on shares of Texas Roadhouse from $155.00 to $162.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 16th. Twelve research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $177.15.

Texas Roadhouse 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.