Menta Capital LLC Sells 21,602 Shares of Texas Roadhouse, Inc. (TXRH)
Menta Capital LLC trimmed its holdings in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 57.9% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 15,698 shares of the restaurant operator’s stock after selling 21,602 shares during the period. Menta Capital LLC’s holdings in Texas Roadhouse were worth $800,000 as of its most recent SEC filing.
Other hedge funds have also added to or reduced their stakes in the company. Creative Planning increased its position in shares of Texas Roadhouse by 11.2% during the second quarter. Creative Planning now owns 2,223 shares of the restaurant operator’s stock valued at $113,000 after acquiring an additional 224 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Texas Roadhouse by 11.0% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,612 shares of the restaurant operator’s stock valued at $133,000 after acquiring an additional 258 shares in the last quarter. Public Employees Retirement System of Ohio increased its position in shares of Texas Roadhouse by 4.3% during the first quarter. Public Employees Retirement System of Ohio now owns 3,393 shares of the restaurant operator’s stock valued at $151,000 after acquiring an additional 141 shares in the last quarter. Victory Capital Management Inc. increased its position in shares of Texas Roadhouse by 227.8% during the first quarter. Victory Capital Management Inc. now owns 4,170 shares of the restaurant operator’s stock valued at $186,000 after acquiring an additional 2,898 shares in the last quarter. Finally, World Asset Management Inc bought a new stake in shares of Texas Roadhouse during the second quarter valued at approximately $206,000. Hedge funds and other institutional investors own 85.98% of the company’s stock.
Shares of Texas Roadhouse, Inc. (NASDAQ TXRH) opened at 49.30 on Thursday. The firm has a 50-day moving average of $48.00 and a 200 day moving average of $47.67. The stock has a market cap of $3.50 billion, a PE ratio of 29.68 and a beta of 0.56. Texas Roadhouse, Inc. has a 52 week low of $37.23 and a 52 week high of $51.91.
Texas Roadhouse (NASDAQ:TXRH) last announced its earnings results on Monday, July 31st. The restaurant operator reported $0.53 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.53. Texas Roadhouse had a net margin of 5.63% and a return on equity of 16.49%. The business had revenue of $566.30 million for the quarter, compared to analyst estimates of $563.23 million. During the same quarter last year, the business earned $0.47 earnings per share. The company’s revenue for the quarter was up 11.3% compared to the same quarter last year. On average, equities analysts forecast that Texas Roadhouse, Inc. will post $1.93 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Wednesday, September 13th will be given a $0.21 dividend. The ex-dividend date is Tuesday, September 12th. This represents a $0.84 annualized dividend and a dividend yield of 1.70%. Texas Roadhouse’s dividend payout ratio (DPR) is 50.60%.
In other news, insider S. Chris Jacobsen sold 2,500 shares of the firm’s stock in a transaction dated Friday, August 11th. The shares were sold at an average price of $49.25, for a total value of $123,125.00. Following the transaction, the insider now directly owns 15,184 shares of the company’s stock, valued at $747,812. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Kathy Widmer sold 2,000 shares of the firm’s stock in a transaction dated Thursday, September 21st. The stock was sold at an average price of $47.95, for a total transaction of $95,900.00. Following the completion of the transaction, the director now directly owns 11,750 shares in the company, valued at $563,412.50. The disclosure for this sale can be found here. 7.40% of the stock is owned by company insiders.
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Several equities research analysts recently weighed in on the stock. Robert W. Baird reissued a “buy” rating and set a $56.00 price target on shares of Texas Roadhouse in a research report on Tuesday, September 19th. Jefferies Group LLC reaffirmed a “sell” rating and issued a $40.00 target price on shares of Texas Roadhouse in a research report on Thursday, August 31st. BidaskClub raised shares of Texas Roadhouse from a “strong sell” rating to a “sell” rating in a research report on Monday, August 14th. BMO Capital Markets reaffirmed a “buy” rating and issued a $58.00 target price on shares of Texas Roadhouse in a research report on Wednesday, August 2nd. Finally, Barclays PLC lifted their target price on shares of Texas Roadhouse from $53.00 to $56.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 1st. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and seven have given a buy rating to the stock. Texas Roadhouse presently has an average rating of “Hold” and an average target price of $50.56.
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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