Oppenheimer & Co. Inc. acquired a new stake in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 7,400 shares of the restaurant operator’s stock, valued at approximately $377,000.

Several other institutional investors and hedge funds have also modified their holdings of TXRH. BlackRock Inc. lifted its holdings in shares of Texas Roadhouse by 22,841.1% during the 1st quarter. BlackRock Inc. now owns 6,542,337 shares of the restaurant operator’s stock valued at $291,331,000 after purchasing an additional 6,513,819 shares during the last quarter. Janus Capital Management LLC lifted its holdings in shares of Texas Roadhouse by 114.2% during the 1st quarter. Janus Capital Management LLC now owns 1,202,544 shares of the restaurant operator’s stock valued at $53,549,000 after purchasing an additional 641,045 shares during the last quarter. Hodges Capital Management Inc. lifted its holdings in shares of Texas Roadhouse by 6,426.2% during the 2nd quarter. Hodges Capital Management Inc. now owns 409,586 shares of the restaurant operator’s stock valued at $20,868,000 after purchasing an additional 403,310 shares during the last quarter. Columbia Wanger Asset Management LLC lifted its holdings in shares of Texas Roadhouse by 35.3% during the 1st quarter. Columbia Wanger Asset Management LLC now owns 1,348,660 shares of the restaurant operator’s stock valued at $60,056,000 after purchasing an additional 351,560 shares during the last quarter. Finally, AQR Capital Management LLC lifted its holdings in shares of Texas Roadhouse by 35.4% during the 1st quarter. AQR Capital Management LLC now owns 985,864 shares of the restaurant operator’s stock valued at $43,901,000 after purchasing an additional 257,938 shares during the last quarter. Hedge funds and other institutional investors own 86.22% of the company’s stock.

Shares of Texas Roadhouse, Inc. (TXRH) opened at 49.29 on Friday. Texas Roadhouse, Inc. has a 12 month low of $37.23 and a 12 month high of $51.91. The firm’s 50-day moving average price is $47.97 and its 200 day moving average price is $47.52. The firm has a market capitalization of $3.50 billion, a P/E ratio of 29.67 and a beta of 0.56.

Texas Roadhouse (NASDAQ:TXRH) last announced its quarterly earnings results on Monday, July 31st. The restaurant operator reported $0.53 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.53. Texas Roadhouse had a net margin of 5.63% and a return on equity of 16.49%. The firm had revenue of $566.30 million during the quarter, compared to analysts’ expectations of $563.23 million. During the same period in the previous year, the company earned $0.47 earnings per share. Texas Roadhouse’s quarterly revenue was up 11.3% compared to the same quarter last year. Analysts anticipate that Texas Roadhouse, Inc. will post $1.93 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Wednesday, September 13th will be given a $0.21 dividend. The ex-dividend date is Tuesday, September 12th. This represents a $0.84 dividend on an annualized basis and a yield of 1.70%. Texas Roadhouse’s dividend payout ratio (DPR) is presently 50.60%.

Several analysts have recently commented on the company. Jefferies Group LLC reiterated a “sell” rating and set a $40.00 price objective on shares of Texas Roadhouse in a report on Thursday, August 31st. Robert W. Baird set a $56.00 price objective on Texas Roadhouse and gave the company a “buy” rating in a report on Wednesday, August 30th. BidaskClub upgraded Texas Roadhouse from a “strong sell” rating to a “sell” rating in a report on Monday, August 14th. BMO Capital Markets reiterated a “buy” rating and set a $58.00 price objective on shares of Texas Roadhouse in a report on Wednesday, August 2nd. Finally, Barclays PLC increased their price objective on Texas Roadhouse from $53.00 to $56.00 and gave the company an “overweight” rating in a report on Tuesday, August 1st. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and seven have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $50.56.

In other news, insider S. Chris Jacobsen sold 2,500 shares of the company’s stock in a transaction dated Friday, August 11th. The shares were sold at an average price of $49.25, for a total value of $123,125.00. Following the completion of the sale, the insider now directly owns 15,184 shares of the company’s stock, valued at $747,812. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 7.40% of the stock is owned by insiders.

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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.

Institutional Ownership by Quarter for Texas Roadhouse (NASDAQ:TXRH)

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