Janus Henderson Group PLC increased its stake in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 332.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,967,343 shares of the restaurant operator’s stock after purchasing an additional 1,512,352 shares during the period. Janus Henderson Group PLC owned 2.77% of Texas Roadhouse worth $100,236,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. BlackRock Inc. increased its position in Texas Roadhouse by 22,841.1% in the 1st quarter. BlackRock Inc. now owns 6,542,337 shares of the restaurant operator’s stock valued at $291,331,000 after acquiring an additional 6,513,819 shares during the period. FMR LLC increased its position in Texas Roadhouse by 130.5% in the 2nd quarter. FMR LLC now owns 1,400,306 shares of the restaurant operator’s stock valued at $71,346,000 after acquiring an additional 792,906 shares during the period. Janus Capital Management LLC increased its position in Texas Roadhouse by 114.2% in the 1st quarter. Janus Capital Management LLC now owns 1,202,544 shares of the restaurant operator’s stock valued at $53,549,000 after acquiring an additional 641,045 shares during the period. Hodges Capital Management Inc. increased its position in Texas Roadhouse by 6,426.2% in the 2nd quarter. Hodges Capital Management Inc. now owns 409,586 shares of the restaurant operator’s stock valued at $20,868,000 after acquiring an additional 403,310 shares during the period. Finally, Teachers Advisors LLC increased its position in Texas Roadhouse by 290.1% in the 2nd quarter. Teachers Advisors LLC now owns 444,776 shares of the restaurant operator’s stock valued at $22,661,000 after acquiring an additional 330,759 shares during the period. 85.98% of the stock is currently owned by institutional investors and hedge funds.
Texas Roadhouse, Inc. (TXRH) opened at 49.59 on Wednesday. Texas Roadhouse, Inc. has a 12 month low of $37.97 and a 12 month high of $51.91. The firm has a market capitalization of $3.52 billion, a PE ratio of 29.86 and a beta of 0.57. The stock’s 50 day moving average price is $48.07 and its 200 day moving average price is $48.38.
Texas Roadhouse (NASDAQ:TXRH) last issued its earnings results on Monday, July 31st. The restaurant operator reported $0.53 EPS for the quarter, meeting the consensus estimate of $0.53. The company had revenue of $566.30 million during the quarter, compared to analysts’ expectations of $563.23 million. Texas Roadhouse had a net margin of 5.63% and a return on equity of 16.49%. The business’s revenue for the quarter was up 11.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.47 EPS. Equities research analysts expect that Texas Roadhouse, Inc. will post $1.93 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Wednesday, September 13th were given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 1.69%. The ex-dividend date of this dividend was Tuesday, September 12th. Texas Roadhouse’s payout ratio is 50.60%.
Several analysts recently commented on the company. BMO Capital Markets upgraded Texas Roadhouse from a “market perform” rating to an “outperform” rating and raised their target price for the company from $48.00 to $58.00 in a research report on Thursday, June 22nd. Barclays PLC raised their target price on Texas Roadhouse from $53.00 to $56.00 and gave the company an “overweight” rating in a research report on Tuesday, August 1st. Robert W. Baird restated a “buy” rating and issued a $56.00 target price on shares of Texas Roadhouse in a research report on Tuesday, September 19th. BidaskClub cut Texas Roadhouse from a “hold” rating to a “sell” rating in a research report on Monday, July 31st. Finally, Zacks Investment Research cut Texas Roadhouse from a “buy” rating to a “hold” rating in a research report on Tuesday, July 25th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $50.79.
In other Texas Roadhouse news, Director Kathy Widmer sold 2,000 shares of the company’s stock in a transaction on Thursday, September 21st. The shares were sold at an average price of $47.95, for a total transaction of $95,900.00. Following the completion of the sale, the director now owns 11,750 shares in the company, valued at approximately $563,412.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider S. Chris Jacobsen sold 2,500 shares of the company’s stock in a transaction on Friday, August 11th. The shares were sold at an average price of $49.25, for a total transaction of $123,125.00. Following the sale, the insider now owns 15,184 shares of the company’s stock, valued at approximately $747,812. The disclosure for this sale can be found here. Insiders own 6.60% 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, all cooked over open grills and all but one hand cut daily on the premises. Its restaurants offer a range of menu items at prices that are designed to appeal to a range of consumer tastes.
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