Capital Fund Management S.A. Has $2.49 Million Position in Texas Roadhouse, Inc. $TXRH

Capital Fund Management S.A. lessened its stake in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 91.2% during the second quarter, HoldingsChannel reports. The institutional investor owned 13,307 shares of the restaurant operator’s stock after selling 137,077 shares during the period. Capital Fund Management S.A.’s holdings in Texas Roadhouse were worth $2,494,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in TXRH. Brooklyn Investment Group lifted its position in shares of Texas Roadhouse by 478.6% during the 1st 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 period. Ameritas Advisory Services LLC acquired a new stake in shares of Texas Roadhouse in the 2nd quarter valued at about $53,000. Bogart Wealth LLC increased its position in Texas Roadhouse by 51.5% in the 2nd quarter. Bogart Wealth LLC now owns 303 shares of the restaurant operator’s stock valued at $57,000 after buying an additional 103 shares in the last quarter. Farther Finance Advisors LLC raised its stake in 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. Finally, WPG Advisers LLC bought a new position in Texas Roadhouse in the first quarter worth approximately $59,000. Institutional investors own 94.82% of the company’s stock.

Analysts Set New Price Targets

TXRH has been the subject of a number of research reports. The Goldman Sachs Group reduced their price objective on Texas Roadhouse from $200.00 to $180.00 and set a “neutral” rating for the company in a research note on Wednesday, October 1st. UBS Group restated a “buy” rating on shares of Texas Roadhouse in a research note on Monday, November 10th. Guggenheim reaffirmed a “buy” rating and issued a $210.00 price objective on shares of Texas Roadhouse in a research note on Tuesday, September 16th. Evercore ISI cut shares of Texas Roadhouse from an “outperform” rating to an “in-line” rating and set a $190.00 price objective for the company. in a report on Thursday, September 4th. Finally, Truist Financial decreased their target price on shares of Texas Roadhouse from $210.00 to $195.00 and set a “buy” rating for the company in a research report on Friday, November 7th. Two analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $192.95.

Texas Roadhouse Price Performance

TXRH opened at $169.00 on Thursday. The company has a market capitalization of $11.18 billion, a price-to-earnings ratio of 25.84, a P/E/G ratio of 2.78 and a beta of 0.88. The firm’s fifty day moving average price is $169.17 and its two-hundred day moving average price is $177.40. Texas Roadhouse, Inc. has a 1 year low of $148.73 and a 1 year high of $200.14.

Texas Roadhouse (NASDAQ:TXRH) last announced its 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). Texas Roadhouse had a net margin of 7.49% and a return on equity of 30.59%. The firm had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.43 billion. During the same quarter in the prior year, the company earned $1.26 EPS. The business’s revenue for the quarter was up 12.8% on a year-over-year basis. As a group, equities analysts anticipate that Texas Roadhouse, Inc. will post 7.23 EPS for the current year.

Texas Roadhouse Dividend Announcement

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

Texas Roadhouse Company 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.