TD Waterhouse Canada Inc. Sells 20,284 Shares of Texas Roadhouse, Inc. $TXRH

TD Waterhouse Canada Inc. reduced its position in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 76.7% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 6,152 shares of the restaurant operator’s stock after selling 20,284 shares during the period. TD Waterhouse Canada Inc.’s holdings in Texas Roadhouse were worth $1,164,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in TXRH. Brooklyn Investment Group boosted its holdings in Texas Roadhouse by 478.6% in the first quarter. Brooklyn Investment Group now owns 162 shares of the restaurant operator’s stock valued at $27,000 after acquiring an additional 134 shares during the last quarter. Ameritas Advisory Services LLC acquired a new position in Texas Roadhouse during the 2nd quarter valued at about $53,000. Bogart Wealth LLC lifted its position in Texas Roadhouse by 51.5% during the 2nd quarter. Bogart Wealth LLC now owns 303 shares of the restaurant operator’s stock valued at $57,000 after purchasing an additional 103 shares during the period. WPG Advisers LLC bought a new position in shares of Texas Roadhouse in the 1st quarter valued at about $59,000. Finally, Farther Finance Advisors LLC grew its position in shares of Texas Roadhouse by 22.8% during the 2nd quarter. Farther Finance Advisors LLC now owns 312 shares of the restaurant operator’s stock worth $59,000 after buying an additional 58 shares during the period. Institutional investors and hedge funds own 94.82% of the company’s stock.

Texas Roadhouse Trading Up 4.3%

Shares of Texas Roadhouse stock opened at $173.43 on Friday. The stock’s fifty day simple moving average is $167.35 and its 200 day simple moving average is $178.04. The company has a market capitalization of $11.47 billion, a PE ratio of 26.48, a PEG ratio of 2.50 and a beta of 0.87. Texas Roadhouse, Inc. has a 12 month low of $148.73 and a 12 month high of $206.04.

Texas Roadhouse (NASDAQ:TXRH) last announced its quarterly earnings results on Thursday, November 6th. The restaurant operator reported $1.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.28 by ($0.03). The business had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.43 billion. Texas Roadhouse had a return on equity of 31.52% and a net margin of 7.72%.The firm’s revenue was up 12.8% compared to the same quarter last year. During the same quarter last year, the company earned $1.26 earnings per share. Analysts predict that Texas Roadhouse, Inc. will post 7.23 EPS for the current fiscal year.

Texas Roadhouse Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 30th. Shareholders of record on Tuesday, December 2nd will be issued a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a yield of 1.6%. The ex-dividend date is Tuesday, December 2nd. Texas Roadhouse’s dividend payout ratio (DPR) is 41.59%.

Analyst Upgrades and Downgrades

TXRH has been the topic of several analyst reports. Mizuho upgraded shares of Texas Roadhouse to a “strong-buy” rating in a report on Tuesday, October 28th. JPMorgan Chase & Co. cut their price target on Texas Roadhouse from $200.00 to $182.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 7th. Royal Bank Of Canada reduced their price target on Texas Roadhouse from $185.00 to $175.00 and set a “sector perform” rating on the stock in a research report on Friday, November 7th. Citigroup upped their price objective on Texas Roadhouse from $180.00 to $197.00 and gave the company a “neutral” rating in a report on Tuesday, July 29th. Finally, Morgan Stanley cut their target price on Texas Roadhouse from $210.00 to $205.00 and set an “overweight” rating on the stock in a research note on Monday, November 10th. Two research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $192.95.

About Texas Roadhouse

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.