Metropolitan Life Insurance Co NY trimmed its position in shares of Texas Roadhouse Inc (NASDAQ:TXRH) by 2.9% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 37,675 shares of the restaurant operator’s stock after selling 1,142 shares during the period. Metropolitan Life Insurance Co NY owned approximately 0.05% of Texas Roadhouse worth $1,979,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Advisory Services Network LLC raised its holdings in shares of Texas Roadhouse by 49.6% in the 2nd quarter. Advisory Services Network LLC now owns 603 shares of the restaurant operator’s stock valued at $32,000 after buying an additional 200 shares during the period. Quest Capital Management Inc. ADV acquired a new position in Texas Roadhouse in the 3rd quarter valued at about $37,000. Steward Partners Investment Advisory LLC acquired a new position in Texas Roadhouse in the 2nd quarter valued at about $47,000. Tower Research Capital LLC TRC increased its stake in Texas Roadhouse by 1,573.8% during the second quarter. Tower Research Capital LLC TRC now owns 1,021 shares of the restaurant operator’s stock worth $55,000 after purchasing an additional 960 shares during the period. Finally, FTB Advisors Inc. increased its stake in Texas Roadhouse by 129.8% during the second quarter. FTB Advisors Inc. now owns 1,110 shares of the restaurant operator’s stock worth $59,000 after purchasing an additional 627 shares during the period. Institutional investors and hedge funds own 87.88% of the company’s stock.

NASDAQ TXRH opened at $57.37 on Wednesday. The company has a quick ratio of 0.44, a current ratio of 0.50 and a debt-to-equity ratio of 0.59. Texas Roadhouse Inc has a 52 week low of $47.52 and a 52 week high of $67.67. The stock has a market capitalization of $4.02 billion, a PE ratio of 26.08, a price-to-earnings-growth ratio of 2.18 and a beta of 0.60. The firm has a 50 day moving average of $55.29 and a two-hundred day moving average of $53.62.

Texas Roadhouse (NASDAQ:TXRH) last announced its quarterly earnings data on Monday, October 28th. The restaurant operator reported $0.52 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.46 by $0.06. The business had revenue of $650.49 million for the quarter, compared to analyst estimates of $648.49 million. Texas Roadhouse had a net margin of 6.15% and a return on equity of 17.23%. The company’s revenue was up 9.4% on a year-over-year basis. During the same period last year, the business earned $0.40 EPS. On average, equities research analysts expect that Texas Roadhouse Inc will post 2.36 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Wednesday, December 11th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 2.09%. The ex-dividend date of this dividend is Tuesday, December 10th. Texas Roadhouse’s dividend payout ratio (DPR) is presently 54.55%.

TXRH has been the subject of several recent research reports. Wells Fargo & Co lowered their price objective on shares of Texas Roadhouse from $56.00 to $48.00 and set a “market perform” rating for the company in a research note on Tuesday, October 22nd. Zacks Investment Research upgraded shares of Texas Roadhouse from a “sell” rating to a “hold” rating in a report on Sunday, November 3rd. ValuEngine raised shares of Texas Roadhouse from a “hold” rating to a “buy” rating in a research report on Wednesday, October 30th. Morgan Stanley dropped their price target on shares of Texas Roadhouse from $59.00 to $54.00 and set an “equal weight” rating for the company in a research note on Friday, October 18th. Finally, BidaskClub raised Texas Roadhouse from a “sell” rating to a “hold” rating in a research report on Wednesday, August 28th. Thirteen investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $59.71.

About Texas Roadhouse

Texas Roadhouse, Inc, together with its subsidiaries, operates casual dining restaurants in the United States and internationally. The company operates and franchises Texas Roadhouse and Bubba's 33 restaurants. As of April 29, 2019, it owned and operated approximately 590 restaurants. Texas Roadhouse, Inc was founded in 1993 and is based in Louisville, Kentucky.

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

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