Wells Fargo & Company MN lessened its stake in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 6.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 150,846 shares of the restaurant operator’s stock after selling 10,582 shares during the period. Wells Fargo & Company MN owned about 0.21% of Texas Roadhouse worth $7,685,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in TXRH. BlackRock Inc. lifted its stake in shares of Texas Roadhouse by 22,841.1% in the 1st quarter. BlackRock Inc. now owns 6,542,337 shares of the restaurant operator’s stock valued at $291,331,000 after acquiring an additional 6,513,819 shares during the last quarter. Janus Capital Management LLC lifted its stake in shares of Texas Roadhouse by 114.2% in 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 acquiring an additional 641,045 shares during the last quarter. Hodges Capital Management Inc. lifted its stake in shares of Texas Roadhouse by 6,426.2% in the 2nd quarter. Hodges Capital Management Inc. now owns 409,586 shares of the restaurant operator’s stock valued at $20,868,000 after acquiring an additional 403,310 shares during the last quarter. AQR Capital Management LLC lifted its stake in shares of Texas Roadhouse by 35.4% in the 1st quarter. AQR Capital Management LLC now owns 985,864 shares of the restaurant operator’s stock valued at $43,901,000 after acquiring an additional 257,938 shares during the last quarter. Finally, Vanguard Group Inc. lifted its stake in shares of Texas Roadhouse by 4.5% in the 1st quarter. Vanguard Group Inc. now owns 5,103,625 shares of the restaurant operator’s stock valued at $227,264,000 after acquiring an additional 218,000 shares during the last quarter. 85.98% of the stock is owned by institutional investors.

Texas Roadhouse, Inc. (NASDAQ:TXRH) opened at 50.11 on Friday. The company has a market cap of $3.56 billion, a price-to-earnings ratio of 30.17 and a beta of 0.57. Texas Roadhouse, Inc. has a 52-week low of $37.79 and a 52-week high of $51.91. The firm’s 50-day moving average price is $48.01 and its 200-day moving average price is $48.22.

Texas Roadhouse (NASDAQ:TXRH) last announced its quarterly earnings data on Monday, July 31st. The restaurant operator reported $0.53 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.53. The business had revenue of $566.30 million during the quarter, compared to the consensus estimate of $563.23 million. Texas Roadhouse had a net margin of 5.63% and a return on equity of 16.49%. The firm’s quarterly revenue was up 11.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.47 earnings per share. On average, equities analysts anticipate that Texas Roadhouse, Inc. will post $1.93 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Wednesday, September 13th were paid a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 1.68%. The ex-dividend date was Tuesday, September 12th. Texas Roadhouse’s payout ratio is currently 50.60%.

In other news, Director Kathy Widmer sold 2,000 shares of Texas Roadhouse stock in a transaction that occurred on Thursday, September 21st. The shares were sold at an average price of $47.95, for a total transaction of $95,900.00. Following the completion of the sale, the director now owns 11,750 shares of the company’s stock, valued at $563,412.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider S. Chris Jacobsen sold 2,500 shares of Texas Roadhouse stock in a transaction that occurred on Friday, August 11th. The shares were sold at an average price of $49.25, for a total transaction of $123,125.00. Following the sale, the insider now directly owns 15,184 shares of the company’s stock, valued at approximately $747,812. The disclosure for this sale can be found here. 7.40% of the stock is owned by company insiders.

TXRH has been the subject of a number of recent research reports. Zacks Investment Research lowered Texas Roadhouse from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th. Jefferies Group LLC reissued a “sell” rating and issued a $40.00 target price on shares of Texas Roadhouse in a research note on Thursday, August 31st. Longbow Research reissued a “buy” rating and issued a $56.00 target price on shares of Texas Roadhouse in a research note on Monday, July 3rd. Deutsche Bank AG reissued a “hold” rating and issued a $53.00 target price (up previously from $49.00) on shares of Texas Roadhouse in a research note on Monday, July 10th. Finally, BidaskClub raised Texas Roadhouse from a “hold” rating to a “buy” rating in a research note on Thursday, June 29th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $50.79.

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Texas Roadhouse Profile

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

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