Parametric Portfolio Associates LLC lessened its stake in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 3.1% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 112,827 shares of the restaurant operator’s stock after selling 3,615 shares during the quarter. Parametric Portfolio Associates LLC owned 0.16% of Texas Roadhouse worth $5,749,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in the business. Seven Bridges Advisors LLC increased its stake in Texas Roadhouse by 0.5% in the 2nd quarter. Seven Bridges Advisors LLC now owns 8,077 shares of the restaurant operator’s stock valued at $412,000 after buying an additional 39 shares during the period. PNC Financial Services Group Inc. increased its stake in Texas Roadhouse by 0.3% in the 1st quarter. PNC Financial Services Group Inc. now owns 27,680 shares of the restaurant operator’s stock valued at $1,232,000 after buying an additional 78 shares during the period. Sawtooth Solutions LLC increased its stake in Texas Roadhouse by 1.9% in the 2nd quarter. Sawtooth Solutions LLC now owns 4,926 shares of the restaurant operator’s stock valued at $251,000 after buying an additional 91 shares during the period. Teacher Retirement System of Texas increased its stake in Texas Roadhouse by 2.4% in the 2nd quarter. Teacher Retirement System of Texas now owns 5,346 shares of the restaurant operator’s stock valued at $272,000 after buying an additional 127 shares during the period. Finally, Public Employees Retirement System of Ohio increased its stake in Texas Roadhouse by 4.3% in the 1st quarter. Public Employees Retirement System of Ohio now owns 3,393 shares of the restaurant operator’s stock valued at $151,000 after buying an additional 141 shares during the period. Hedge funds and other institutional investors own 85.97% of the company’s stock.

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Several research analysts have weighed in on TXRH shares. Zacks Investment Research upgraded shares of Texas Roadhouse from a “hold” rating to a “buy” rating and set a $56.00 price objective on the stock in a research note on Friday, July 21st. Jefferies Group LLC reiterated a “sell” rating and issued a $40.00 price objective on shares of Texas Roadhouse in a research note on Thursday, August 31st. Barclays PLC dropped their price objective on shares of Texas Roadhouse from $56.00 to $55.00 and set an “overweight” rating on the stock in a research note on Wednesday. BidaskClub upgraded shares of Texas Roadhouse from a “hold” rating to a “buy” rating in a research note on Thursday, June 29th. Finally, Maxim Group reiterated a “buy” rating and issued a $55.00 price objective on shares of Texas Roadhouse in a research note on Friday. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and eight have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $50.74.

Shares of Texas Roadhouse, Inc. (NASDAQ TXRH) opened at 50.36 on Friday. The company has a market capitalization of $3.58 billion, a P/E ratio of 30.32 and a beta of 0.57. The company’s 50 day moving average is $48.71 and its 200 day moving average is $48.68. Texas Roadhouse, Inc. has a 12-month low of $38.54 and a 12-month high of $52.02.

Texas Roadhouse (NASDAQ:TXRH) last issued its earnings results on Monday, July 31st. The restaurant operator reported $0.53 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.53. The business had revenue of $566.30 million for the quarter, compared to the consensus estimate of $563.23 million. Texas Roadhouse had a net margin of 5.63% and a return on equity of 16.49%. The firm’s revenue for the quarter was up 11.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.47 earnings per share. Analysts expect that Texas Roadhouse, Inc. will post $1.93 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Wednesday, September 13th were issued a dividend of $0.21 per share. The ex-dividend date of this dividend was Tuesday, September 12th. This represents a $0.84 dividend on an annualized basis and a yield of 1.67%. Texas Roadhouse’s payout ratio is 50.60%.

In related news, insider S. Chris Jacobsen sold 2,500 shares of the business’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 transaction, the insider now directly owns 15,184 shares in the company, valued at $747,812. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Kathy Widmer sold 2,000 shares of the business’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 transaction, the director now 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 currently owned by insiders.

Texas Roadhouse Company Profile

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.

Institutional Ownership by Quarter for Texas Roadhouse (NASDAQ:TXRH)

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