17,452 Shares in Texas Roadhouse, Inc. $TXRH Purchased by Hsbc Holdings PLC

Hsbc Holdings PLC acquired a new position in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) during the second quarter, Holdings Channel.com reports. The institutional investor acquired 17,452 shares of the restaurant operator’s stock, valued at approximately $3,385,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. BlackRock Inc. bought a new stake in shares of Texas Roadhouse during the 2nd quarter worth approximately $1,273,173,000. AQR Capital Management LLC boosted its holdings in shares of Texas Roadhouse by 27.4% in the 4th quarter. AQR Capital Management LLC now owns 2,674,102 shares of the restaurant operator’s stock valued at $443,901,000 after purchasing an additional 575,685 shares in the last quarter. Capital World Investors boosted its holdings in shares of Texas Roadhouse by 13.4% in the 4th quarter. Capital World Investors now owns 2,537,290 shares of the restaurant operator’s stock valued at $421,190,000 after purchasing an additional 300,405 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Texas Roadhouse by 1.9% in the 4th quarter. Geode Capital Management LLC now owns 1,367,120 shares of the restaurant operator’s stock valued at $226,984,000 after purchasing an additional 24,834 shares during the last quarter. Finally, Wellington Management Group LLP raised its holdings in shares of Texas Roadhouse by 228.4% during the 4th quarter. Wellington Management Group LLP now owns 1,329,052 shares of the restaurant operator’s stock worth $220,623,000 after buying an additional 924,306 shares in the last quarter. 94.82% of the stock is currently owned by institutional investors and hedge funds.

Texas Roadhouse Trading Down 0.6%

NASDAQ TXRH opened at $198.99 on Friday. The company has a market cap of $13.06 billion, a price-to-earnings ratio of 31.84, a price-to-earnings-growth ratio of 1.97 and a beta of 0.79. Texas Roadhouse, Inc. has a twelve month low of $153.82 and a twelve month high of $216.30. The company has a quick ratio of 0.39, a current ratio of 0.46 and a debt-to-equity ratio of 0.03. The business’s fifty day moving average is $198.20 and its 200 day moving average is $180.76.

Texas Roadhouse (NASDAQ:TXRH) last issued its earnings results on Thursday, August 6th. The restaurant operator reported $1.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.83 by $0.02. The business had revenue of $1.68 billion during the quarter, compared to analysts’ expectations of $1.67 billion. Texas Roadhouse had a return on equity of 27.20% and a net margin of 6.63%.The business’s revenue for the quarter was up 11.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.86 EPS. As a group, sell-side analysts expect that Texas Roadhouse, Inc. will post 6.63 EPS for the current fiscal year.

Texas Roadhouse Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 1st will be issued a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 1.5%. The ex-dividend date is Tuesday, September 1st. Texas Roadhouse’s payout ratio is 48.00%.

Insider Buying and Selling

In related news, insider Lloyd Paul Marshall sold 500 shares of the firm’s stock in a transaction that occurred on Wednesday, August 26th. The shares were sold at an average price of $204.65, for a total value of $102,325.00. Following the completion of the transaction, the insider owned 9,826 shares in the company, valued at $2,010,890.90. This trade represents a 4.84% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Donna E. Epps sold 820 shares of Texas Roadhouse stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $206.56, for a total transaction of $169,379.20. Following the sale, the director owned 4,042 shares in the company, valued at approximately $834,915.52. This represents a 16.87% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 20,396 shares of company stock valued at $4,143,825 over the last three months. Insiders own 0.50% of the company’s stock.

Analysts Set New Price Targets

TXRH has been the topic of several research analyst reports. Stephens raised their price objective on Texas Roadhouse from $180.00 to $205.00 and gave the company an “equal weight” rating in a research note on Friday, August 7th. Guggenheim reissued a “buy” rating and set a $210.00 target price on shares of Texas Roadhouse in a research note on Monday, May 18th. Wall Street Zen raised shares of Texas Roadhouse from a “sell” rating to a “hold” rating in a report on Sunday, May 10th. Royal Bank Of Canada raised their price target on shares of Texas Roadhouse from $210.00 to $235.00 and gave the company an “outperform” rating in a research note on Friday, August 7th. Finally, Benchmark reaffirmed a “hold” rating on shares of Texas Roadhouse in a report on Monday, August 10th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and thirteen have assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $208.48.

Texas Roadhouse Profile

Texas Roadhouse, Inc is a casual dining restaurant chain specializing in hand‐cut steaks, fall‐off‐the‐bone ribs, chicken, seafood and house specialties. Each restaurant features a Western‐themed décor, open kitchens and a signature line dance presentation of fresh, made‐from‐scratch sides and breads. The company emphasizes an energetic dining experience, focusing on hospitality, value and a family‐friendly environment.

The concept was created in 1993 by founder Kent Taylor, who sought to combine high‐quality steaks with an approachable, community‐oriented atmosphere.