Numeric Investors LLC Raises Holdings in Texas Roadhouse, Inc. (TXRH)
Numeric Investors LLC raised its stake in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 283.7% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 123,927 shares of the restaurant operator’s stock after buying an additional 91,627 shares during the period. Numeric Investors LLC owned about 0.17% of Texas Roadhouse worth $6,314,000 as of its most recent SEC filing.
Several other large investors also recently modified their holdings of TXRH. BlackRock Inc. grew its holdings in shares of Texas Roadhouse by 1.2% during the 2nd quarter. BlackRock Inc. now owns 6,619,255 shares of the restaurant operator’s stock valued at $337,251,000 after acquiring an additional 76,918 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Texas Roadhouse by 1.8% in the second quarter. Vanguard Group Inc. now owns 5,195,450 shares of the restaurant operator’s stock worth $264,708,000 after acquiring an additional 91,825 shares during the last quarter. State Street Corp increased its stake in shares of Texas Roadhouse by 2.9% in the first quarter. State Street Corp now owns 2,112,603 shares of the restaurant operator’s stock worth $94,078,000 after acquiring an additional 60,092 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Texas Roadhouse by 1.5% in the second quarter. Dimensional Fund Advisors LP now owns 1,651,685 shares of the restaurant operator’s stock worth $84,154,000 after acquiring an additional 24,577 shares during the last quarter. Finally, Congress Asset Management Co. MA increased its stake in shares of Texas Roadhouse by 6.5% in the second quarter. Congress Asset Management Co. MA now owns 1,474,080 shares of the restaurant operator’s stock worth $75,104,000 after acquiring an additional 90,031 shares during the last quarter. 85.98% of the stock is owned by institutional investors.
Texas Roadhouse, Inc. (TXRH) opened at 49.48 on Tuesday. The company has a 50-day moving average of $47.99 and a 200 day moving average of $48.13. The company has a market cap of $3.51 billion, a P/E ratio of 29.79 and a beta of 0.57. Texas Roadhouse, Inc. has a one year low of $37.23 and a one year high of $51.91.
Texas Roadhouse (NASDAQ:TXRH) last announced its quarterly earnings data on Monday, July 31st. The restaurant operator reported $0.53 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.53. The company had revenue of $566.30 million for the quarter, compared to analysts’ expectations of $563.23 million. Texas Roadhouse had a return on equity of 16.49% and a net margin of 5.63%. The business’s revenue was up 11.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.47 EPS. Equities research analysts predict that Texas Roadhouse, Inc. will post $1.93 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Wednesday, September 13th were paid a $0.21 dividend. The ex-dividend date of this dividend was Tuesday, September 12th. This represents a $0.84 annualized dividend and a dividend yield of 1.70%. Texas Roadhouse’s dividend payout ratio is presently 50.60%.
Several brokerages recently issued reports on TXRH. Barclays PLC increased their price objective on Texas Roadhouse from $53.00 to $56.00 and gave the stock an “overweight” rating in a report on Tuesday, August 1st. BidaskClub upgraded Texas Roadhouse from a “buy” rating to a “strong-buy” rating in a research note on Saturday, June 10th. Robert W. Baird set a $56.00 target price on Texas Roadhouse and gave the company a “buy” rating in a research note on Wednesday, August 30th. Stifel Nicolaus assumed coverage on Texas Roadhouse in a research report on Monday. They issued a “buy” rating and a $55.00 target price on the stock. Finally, Zacks Investment Research raised Texas Roadhouse from a “hold” rating to a “buy” rating and set a $56.00 target price on the stock in a research report on Friday, July 21st. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $50.79.
In other Texas Roadhouse news, 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 directly owns 15,184 shares of the company’s stock, valued at $747,812. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Kathy Widmer sold 2,000 shares of the company’s stock in a transaction on Thursday, September 21st. The stock was sold at an average price of $47.95, for a total transaction of $95,900.00. Following the sale, 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. 6.60% of the stock is currently owned by company insiders.
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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