Chatham Capital Group Inc. lowered its position in Texas Roadhouse Inc. (NASDAQ:TXRH) by 1.6% during the second quarter, Holdings Channel reports. The firm owned 18,587 shares of the company’s stock after selling 300 shares during the period. Chatham Capital Group Inc.’s holdings in Texas Roadhouse were worth $848,000 as of its most recent SEC filing.
Several other institutional investors also recently added to or reduced their stakes in TXRH. Boston Advisors LLC bought a new position in Texas Roadhouse during the second quarter worth about $10,006,000. Aperio Group LLC boosted its position in Texas Roadhouse by 17.0% in the first quarter. Aperio Group LLC now owns 27,624 shares of the company’s stock worth $1,204,000 after buying an additional 4,007 shares during the period. BlackRock Inc. boosted its position in Texas Roadhouse by 126.1% in the first quarter. BlackRock Inc. now owns 4,781 shares of the company’s stock worth $208,000 after buying an additional 2,666 shares during the period. JPMorgan Chase & Co. boosted its position in Texas Roadhouse by 482.9% in the first quarter. JPMorgan Chase & Co. now owns 280,240 shares of the company’s stock worth $12,212,000 after buying an additional 232,165 shares during the period. Finally, Seven Eight Capital LLC bought a new position in Texas Roadhouse during the first quarter worth about $362,000. 88.68% of the stock is currently owned by institutional investors.
Texas Roadhouse Inc. (NASDAQ:TXRH) traded down 1.27% on Monday, reaching $38.05. 937,128 shares of the company traded hands. The stock has a market capitalization of $2.68 billion, a price-to-earnings ratio of 23.93 and a beta of 0.54. Texas Roadhouse Inc. has a 1-year low of $33.06 and a 1-year high of $49.00. The stock’s 50-day moving average is $41.61 and its 200-day moving average is $44.02.
Texas Roadhouse (NASDAQ:TXRH) last released its quarterly earnings data on Monday, August 1st. The company reported $0.47 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.02. Texas Roadhouse had a net margin of 5.88% and a return on equity of 16.78%. The firm earned $509 million during the quarter, compared to analysts’ expectations of $509.80 million. During the same period in the previous year, the company earned $0.30 earnings per share. The firm’s quarterly revenue was up 11.9% on a year-over-year basis. Equities research analysts expect that Texas Roadhouse Inc. will post $1.78 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 30th. Stockholders of record on Wednesday, September 14th were issued a dividend of $0.19 per share. The ex-dividend date was Monday, September 12th. This represents a $0.76 annualized dividend and a dividend yield of 1.97%. Texas Roadhouse’s payout ratio is 48.10%.
TXRH has been the topic of a number of research analyst reports. Zacks Investment Research cut shares of Texas Roadhouse from a “hold” rating to a “sell” rating in a research report on Thursday, October 6th. Canaccord Genuity initiated coverage on shares of Texas Roadhouse in a report on Monday, August 22nd. They issued a “hold” rating and a $48.00 target price on the stock. Robert W. Baird restated a “neutral” rating on shares of Texas Roadhouse in a report on Thursday, September 8th. KeyCorp restated a “buy” rating and issued a $50.00 target price on shares of Texas Roadhouse in a report on Tuesday, August 16th. Finally, Jefferies Group lowered shares of Texas Roadhouse from a “hold” rating to an “underperform” rating and set a $37.00 target price on the stock. in a report on Tuesday, July 26th. Three research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and three have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $43.78.
In related news, Director James R. Zarley acquired 23,800 shares of the firm’s stock in a transaction dated Wednesday, August 3rd. The stock was purchased at an average cost of $42.23 per share, with a total value of $1,005,074.00. Following the completion of the acquisition, the director now directly owns 104,000 shares of the company’s stock, valued at $4,391,920. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Wayne Kent Taylor sold 150,000 shares of the business’s stock in a transaction that occurred on Thursday, August 18th. The shares were sold at an average price of $46.03, for a total transaction of $6,904,500.00. Following the transaction, the chief executive officer now directly owns 4,363,261 shares of the company’s stock, valued at $200,840,903.83. The disclosure for this sale can be found here. Insiders own 7.40% of the company’s stock.
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 hand-cut daily on the premises and cooked to order over open grills. In addition to steaks, the Company also offers its guests a selection of ribs, fish, seafood, chicken, pork chops, pulled pork and vegetable plates, and an assortment of hamburgers, salads and sandwiches.
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