Texas Roadhouse, Inc. $TXRH Shares Sold by CW Advisors LLC

CW Advisors LLC lowered its position in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 18.5% during the second quarter, Holdings Channel.com reports. The institutional investor owned 50,646 shares of the restaurant operator’s stock after selling 11,472 shares during the period. CW Advisors LLC’s holdings in Texas Roadhouse were worth $9,492,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Brooklyn Investment Group lifted its stake in 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 second quarter worth $53,000. Bogart Wealth LLC increased its stake in shares of Texas Roadhouse by 51.5% in the second quarter. Bogart Wealth LLC now owns 303 shares of the restaurant operator’s stock worth $57,000 after acquiring an additional 103 shares during the period. WPG Advisers LLC purchased a new position in shares of Texas Roadhouse during the first quarter worth $59,000. Finally, Farther Finance Advisors LLC lifted its position in Texas Roadhouse by 22.8% during the second quarter. Farther Finance Advisors LLC now owns 312 shares of the restaurant operator’s stock valued at $59,000 after purchasing an additional 58 shares during the period. Institutional investors and hedge funds own 94.82% of the company’s stock.

Texas Roadhouse Trading Down 1.1%

Shares of TXRH opened at $167.13 on Friday. The firm has a market cap of $11.06 billion, a P/E ratio of 25.56, a PEG ratio of 2.75 and a beta of 0.88. Texas Roadhouse, Inc. has a 12 month low of $148.73 and a 12 month high of $199.99. The stock’s 50 day moving average is $169.25 and its two-hundred day moving average is $177.33.

Texas Roadhouse (NASDAQ:TXRH) last announced its earnings results on Thursday, November 6th. The restaurant operator reported $1.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.28 by ($0.03). Texas Roadhouse had a net margin of 7.49% and a return on equity of 30.59%. The business had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.43 billion. During the same quarter last year, the business earned $1.26 EPS. The company’s quarterly revenue was up 12.8% on a year-over-year basis. Equities research analysts forecast that Texas Roadhouse, Inc. will post 7.23 EPS for the current year.

Texas Roadhouse Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Tuesday, December 2nd will be given a $0.68 dividend. The ex-dividend date 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 41.59%.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Royal Bank Of Canada lowered 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 report on Friday, November 7th. Weiss Ratings reissued a “buy (b-)” rating on shares of Texas Roadhouse in a report on Monday. Truist Financial lowered their target price on Texas Roadhouse from $210.00 to $195.00 and set a “buy” rating on the stock in a research note on Friday, November 7th. Wall Street Zen cut Texas Roadhouse from a “hold” rating to a “sell” rating in a research report on Saturday, November 15th. Finally, JPMorgan Chase & Co. decreased their price target on Texas Roadhouse from $200.00 to $182.00 and set a “neutral” rating for the company in a report on Tuesday, October 7th. Two equities 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 assigned a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target 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.