Baird Financial Group Inc. Sells 20,524 Shares of Texas Roadhouse, Inc. $TXRH

Baird Financial Group Inc. reduced its position in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 7.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 253,127 shares of the restaurant operator’s stock after selling 20,524 shares during the period. Baird Financial Group Inc.’s holdings in Texas Roadhouse were worth $47,439,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Farther Finance Advisors LLC lifted its stake in Texas Roadhouse by 22.8% in the 2nd quarter. Farther Finance Advisors LLC now owns 312 shares of the restaurant operator’s stock valued at $59,000 after acquiring an additional 58 shares in the last quarter. Advisory Alpha LLC grew its stake in shares of Texas Roadhouse by 3.0% during the 1st quarter. Advisory Alpha LLC now owns 2,063 shares of the restaurant operator’s stock worth $344,000 after acquiring an additional 60 shares in the last quarter. Dakota Wealth Management lifted its position in shares of Texas Roadhouse by 3.8% in the second quarter. Dakota Wealth Management now owns 1,675 shares of the restaurant operator’s stock worth $314,000 after purchasing an additional 61 shares in the last quarter. Smartleaf Asset Management LLC boosted its holdings in Texas Roadhouse by 14.0% during the first quarter. Smartleaf Asset Management LLC now owns 601 shares of the restaurant operator’s stock worth $103,000 after purchasing an additional 74 shares during the last quarter. Finally, Insight Wealth Partners LLC boosted its holdings in Texas Roadhouse by 4.3% during the second quarter. Insight Wealth Partners LLC now owns 1,855 shares of the restaurant operator’s stock worth $348,000 after purchasing an additional 76 shares during the last quarter. 94.82% of the stock is currently owned by institutional investors.

Texas Roadhouse Price Performance

NASDAQ:TXRH opened at $167.13 on Friday. The company has a market cap of $11.06 billion, a P/E ratio of 25.56, a P/E/G ratio of 2.75 and a beta of 0.88. The firm’s fifty day moving average price is $169.25 and its two-hundred day moving average price is $177.33. Texas Roadhouse, Inc. has a one year low of $148.73 and a one year high of $199.99.

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 return on equity of 30.59% and a net margin of 7.49%.The company had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.43 billion. During the same period in the previous year, the firm posted $1.26 EPS. The business’s quarterly revenue was up 12.8% on a year-over-year basis. As a group, equities research analysts expect that Texas Roadhouse, Inc. will post 7.23 earnings per share for the current year.

Texas Roadhouse Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 30th. Investors 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 of this dividend is Tuesday, December 2nd. Texas Roadhouse’s dividend payout ratio (DPR) is presently 41.59%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on TXRH shares. Barclays lowered their price target on shares of Texas Roadhouse from $187.00 to $170.00 and set an “equal weight” rating on the stock in a research note on Friday, November 7th. Mizuho raised Texas Roadhouse to a “strong-buy” rating in a research report on Tuesday, October 28th. Stephens dropped their target price on Texas Roadhouse from $175.00 to $168.00 and set an “equal weight” rating on the stock in a report on Friday, November 7th. Guggenheim restated a “buy” rating and issued a $210.00 price target on shares of Texas Roadhouse in a research note on Tuesday, September 16th. Finally, Zacks Research lowered Texas Roadhouse from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 22nd. Two research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average 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.