Qube Research & Technologies Ltd Acquires 131,198 Shares of Texas Roadhouse, Inc. $TXRH
by Mitch Edgeman · The Markets DailyQube Research & Technologies Ltd raised its holdings in Texas Roadhouse, Inc. (NASDAQ:TXRH – Free Report) by 16.6% in the 2nd quarter, HoldingsChannel reports. The firm owned 919,999 shares of the restaurant operator’s stock after purchasing an additional 131,198 shares during the quarter. Qube Research & Technologies Ltd’s holdings in Texas Roadhouse were worth $172,417,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Axiom Investors LLC DE raised its position in shares of Texas Roadhouse by 3,696.7% during the 1st quarter. Axiom Investors LLC DE now owns 2,173,807 shares of the restaurant operator’s stock valued at $362,221,000 after acquiring an additional 2,116,552 shares during the last quarter. Roundview Capital LLC bought a new stake in shares of Texas Roadhouse in the 2nd quarter valued at about $1,482,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in shares of Texas Roadhouse by 2,515.2% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 417,045 shares of the restaurant operator’s stock valued at $78,158,000 after acquiring an additional 401,098 shares during the period. Symphony Financial Ltd. Co. bought a new stake in Texas Roadhouse in the 2nd quarter valued at $28,465,000. Finally, NorthRock Partners LLC acquired a new position in Texas Roadhouse in the 2nd quarter worth $276,000. Institutional investors and hedge funds own 94.82% of the company’s stock.
Insider Buying and Selling at Texas Roadhouse
In other Texas Roadhouse news, Director Hugh J. Carroll sold 1,000 shares of Texas Roadhouse stock in a transaction on Thursday, December 4th. The shares were sold at an average price of $167.27, for a total transaction of $167,270.00. Following the completion of the transaction, the director directly owned 1,854 shares of the company’s stock, valued at $310,118.58. The trade was a 35.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Gregory N. Moore sold 1,400 shares of the stock in a transaction dated Wednesday, December 3rd. The shares were sold at an average price of $170.00, for a total transaction of $238,000.00. Following the completion of the transaction, the director directly owned 32,150 shares in the company, valued at $5,465,500. The trade was a 4.17% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 0.50% of the company’s stock.
Analysts Set New Price Targets
TXRH has been the topic of a number of research reports. The Goldman Sachs Group cut their price target on Texas Roadhouse from $200.00 to $180.00 and set a “neutral” rating on the stock in a report on Wednesday, October 1st. Zacks Research lowered Texas Roadhouse from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 22nd. Barclays reduced their price target on Texas Roadhouse from $187.00 to $170.00 and set an “equal weight” rating for the company in a research report on Friday, November 7th. Morgan Stanley decreased their price target on shares of Texas Roadhouse from $210.00 to $205.00 and set an “overweight” rating for the company in a research note on Monday, November 10th. Finally, Royal Bank Of Canada cut their price objective on shares of Texas Roadhouse from $185.00 to $175.00 and set a “sector perform” rating on the stock in a research report on Friday, November 7th. Two analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $192.95.
Get Our Latest Stock Report on TXRH
Texas Roadhouse Stock Down 0.1%
NASDAQ:TXRH opened at $164.95 on Wednesday. Texas Roadhouse, Inc. has a twelve month low of $148.73 and a twelve month high of $199.99. The firm has a market capitalization of $10.91 billion, a price-to-earnings ratio of 25.22, a price-to-earnings-growth ratio of 2.69 and a beta of 0.88. The stock’s 50 day moving average price is $169.27 and its two-hundred day moving average price is $176.62.
Texas Roadhouse (NASDAQ:TXRH – Get Free Report) last announced its quarterly earnings results on Thursday, November 6th. The restaurant operator reported $1.25 EPS for the quarter, missing analysts’ consensus estimates of $1.28 by ($0.03). The firm had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.43 billion. Texas Roadhouse had a net margin of 7.49% and a return on equity of 30.59%. The business’s revenue was up 12.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.26 EPS. As a group, analysts anticipate that Texas Roadhouse, Inc. will post 7.23 earnings per share for the current year.
Texas Roadhouse Dividend Announcement
The firm also recently announced 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. The ex-dividend date of this dividend is Tuesday, December 2nd. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.6%. Texas Roadhouse’s payout ratio is presently 41.59%.
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.
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