Wells Fargo & Company MN lifted its stake in shares of Texas Roadhouse Inc (NASDAQ:TXRH) by 6.2% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 160,128 shares of the restaurant operator’s stock after purchasing an additional 9,282 shares during the quarter. Wells Fargo & Company MN owned about 0.23% of Texas Roadhouse worth $7,869,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of TXRH. Janus Henderson Group PLC grew its stake in shares of Texas Roadhouse by 332.4% during the 2nd quarter. Janus Henderson Group PLC now owns 1,967,343 shares of the restaurant operator’s stock worth $100,236,000 after purchasing an additional 1,512,352 shares during the period. FMR LLC grew its stake in shares of Texas Roadhouse by 130.5% during the 2nd quarter. FMR LLC now owns 1,400,306 shares of the restaurant operator’s stock worth $71,346,000 after purchasing an additional 792,906 shares during the period. Lord Abbett & CO. LLC acquired a new position in shares of Texas Roadhouse during the 2nd quarter worth $37,869,000. Teachers Advisors LLC grew its stake in shares of Texas Roadhouse by 290.1% during the 2nd quarter. Teachers Advisors LLC now owns 444,776 shares of the restaurant operator’s stock worth $22,661,000 after purchasing an additional 330,759 shares during the period. Finally, Renaissance Technologies LLC acquired a new position in shares of Texas Roadhouse during the 2nd quarter worth $13,964,000. 85.95% of the stock is currently owned by institutional investors and hedge funds.
A number of equities analysts have recently weighed in on TXRH shares. Zacks Investment Research cut shares of Texas Roadhouse from a “hold” rating to a “sell” rating in a research note on Saturday, January 6th. Barclays lowered their price target on shares of Texas Roadhouse from $56.00 to $55.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 18th. Maxim Group reaffirmed a “buy” rating and set a $55.00 price target on shares of Texas Roadhouse in a research note on Friday, October 20th. Oppenheimer reaffirmed a “hold” rating on shares of Texas Roadhouse in a research note on Tuesday, October 31st. Finally, Wedbush started coverage on shares of Texas Roadhouse in a research note on Friday. They issued an “outperform” rating and a $67.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and nine have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $52.55.
In other news, General Counsel Celia Catlett sold 3,663 shares of the stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $49.34, for a total transaction of $180,732.42. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Wayne Kent Taylor sold 200,000 shares of the stock in a transaction dated Thursday, December 7th. The stock was sold at an average price of $51.09, for a total transaction of $10,218,000.00. Following the transaction, the chief executive officer now owns 3,908,231 shares in the company, valued at $199,671,521.79. The disclosure for this sale can be found here. Insiders have sold a total of 236,203 shares of company stock worth $12,225,871 over the last ninety days. 7.40% of the stock is owned by corporate insiders.
Shares of Texas Roadhouse Inc (TXRH) opened at $58.24 on Friday. Texas Roadhouse Inc has a 12 month low of $40.28 and a 12 month high of $58.59. The stock has a market cap of $4,140.00, a PE ratio of 33.66, a price-to-earnings-growth ratio of 2.06 and a beta of 0.52. The company has a current ratio of 0.69, a quick ratio of 0.63 and a debt-to-equity ratio of 0.06.
Texas Roadhouse (NASDAQ:TXRH) last released its quarterly earnings results on Monday, October 30th. The restaurant operator reported $0.43 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.43. Texas Roadhouse had a net margin of 5.73% and a return on equity of 16.71%. The company had revenue of $540.50 million for the quarter, compared to analysts’ expectations of $538.15 million. During the same period last year, the company earned $0.36 EPS. The firm’s revenue for the quarter was up 12.2% compared to the same quarter last year. sell-side analysts predict that Texas Roadhouse Inc will post 1.93 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, December 29th. Shareholders of record on Wednesday, December 13th were paid a dividend of $0.21 per share. The ex-dividend date was Tuesday, December 12th. This represents a $0.84 annualized dividend and a dividend yield of 1.44%. Texas Roadhouse’s dividend payout ratio is currently 48.55%.
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About Texas Roadhouse
Texas Roadhouse, Inc is a restaurant company, which operates in the casual dining segment. The Company offers an assortment of seasoned and aged steaks, all cooked over open grills and all but one hand cut daily on the premises. Its restaurants offer a range of menu items at prices that are designed to appeal to a range of consumer tastes.
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