Texas Roadhouse, Inc. $TXRH Shares Sold by Portfolio Design Labs LLC

Portfolio Design Labs LLC reduced its holdings in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 14.1% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 18,824 shares of the restaurant operator’s stock after selling 3,096 shares during the period. Portfolio Design Labs LLC’s holdings in Texas Roadhouse were worth $3,528,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Axiom Investors LLC DE lifted its stake in Texas Roadhouse by 3,696.7% in the 1st quarter. Axiom Investors LLC DE now owns 2,173,807 shares of the restaurant operator’s stock valued at $362,221,000 after buying an additional 2,116,552 shares in the last quarter. Roundview Capital LLC purchased a new position in Texas Roadhouse during the second quarter worth $1,482,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in shares of Texas Roadhouse by 2,515.2% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 417,045 shares of the restaurant operator’s stock worth $78,158,000 after acquiring an additional 401,098 shares during the last quarter. Symphony Financial Ltd. Co. purchased a new stake in shares of Texas Roadhouse in the second quarter valued at $28,465,000. Finally, NorthRock Partners LLC purchased a new stake in shares of Texas Roadhouse in the second quarter valued at $276,000. Institutional investors and hedge funds own 94.82% of the company’s stock.

Texas Roadhouse Price Performance

Shares of TXRH stock opened at $170.91 on Tuesday. The firm’s 50-day simple moving average is $168.82 and its 200-day simple moving average is $177.62. Texas Roadhouse, Inc. has a 1-year low of $148.73 and a 1-year high of $205.11. The firm has a market cap of $11.31 billion, a P/E ratio of 26.09, a PEG ratio of 2.50 and a beta of 0.87.

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

Texas Roadhouse Announces Dividend

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

Analyst Ratings Changes

A number of analysts recently commented on the company. Wall Street Zen cut Texas Roadhouse from a “hold” rating to a “sell” rating in a research report on Saturday, November 15th. Royal Bank Of Canada decreased their price target on shares of Texas Roadhouse from $185.00 to $175.00 and set a “sector perform” rating on the stock in a research note on Friday, November 7th. Guggenheim reissued a “buy” rating and issued a $210.00 price objective on shares of Texas Roadhouse in a research report on Tuesday, September 16th. Mizuho upgraded shares of Texas Roadhouse to a “strong-buy” rating in a research report on Tuesday, October 28th. Finally, UBS Group reaffirmed a “buy” rating on shares of Texas Roadhouse in a research note on Monday, November 10th. Two research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $192.95.

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.