Texas Roadhouse, Inc. $TXRH Shares Sold by Panagora Asset Management Inc.

Panagora Asset Management Inc. decreased its position in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 58.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 41,198 shares of the restaurant operator’s stock after selling 57,266 shares during the period. Panagora Asset Management Inc. owned 0.06% of Texas Roadhouse worth $7,721,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in TXRH. Farther Finance Advisors LLC increased its position in shares of Texas Roadhouse by 22.8% during the 2nd quarter. Farther Finance Advisors LLC now owns 312 shares of the restaurant operator’s stock valued at $59,000 after purchasing an additional 58 shares during the period. Advisory Alpha LLC grew its holdings in Texas Roadhouse by 3.0% during the first quarter. Advisory Alpha LLC now owns 2,063 shares of the restaurant operator’s stock worth $344,000 after acquiring an additional 60 shares during the period. Dakota Wealth Management raised its position in Texas Roadhouse by 3.8% in the second quarter. Dakota Wealth Management now owns 1,675 shares of the restaurant operator’s stock worth $314,000 after acquiring an additional 61 shares in the last quarter. Smartleaf Asset Management LLC raised its position in Texas Roadhouse by 14.0% in the first quarter. Smartleaf Asset Management LLC now owns 601 shares of the restaurant operator’s stock worth $103,000 after acquiring an additional 74 shares in the last quarter. Finally, Insight Wealth Partners LLC boosted its position in shares of Texas Roadhouse by 4.3% during the 2nd quarter. Insight Wealth Partners LLC now owns 1,855 shares of the restaurant operator’s stock valued at $348,000 after purchasing an additional 76 shares in the last quarter. 94.82% of the stock is owned by institutional investors.

Texas Roadhouse Stock Performance

NASDAQ TXRH opened at $169.92 on Wednesday. The firm’s 50 day moving average price is $169.03 and its two-hundred day moving average price is $177.46. Texas Roadhouse, Inc. has a twelve month low of $148.73 and a twelve month high of $200.14. The stock has a market cap of $11.24 billion, a price-to-earnings ratio of 25.94, a PEG ratio of 2.50 and a beta of 0.88.

Texas Roadhouse (NASDAQ:TXRH) last issued its earnings results on Thursday, November 6th. The restaurant operator reported $1.25 EPS for the quarter, missing the consensus estimate of $1.28 by ($0.03). The business had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.43 billion. Texas Roadhouse had a return on equity of 31.52% and a net margin of 7.72%.The business’s quarterly revenue was up 12.8% on a year-over-year basis. During the same period last year, the business earned $1.26 EPS. On average, research analysts forecast that Texas Roadhouse, Inc. will post 7.23 EPS for the current fiscal year.

Texas Roadhouse Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 30th. Investors of record on Tuesday, December 2nd will be issued a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a dividend yield of 1.6%. The ex-dividend date is Tuesday, December 2nd. Texas Roadhouse’s dividend payout ratio (DPR) is currently 41.59%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on TXRH shares. Stephens lowered their price objective on shares of Texas Roadhouse from $175.00 to $168.00 and set an “equal weight” rating on the stock in a research note on Friday, November 7th. Evercore ISI lowered shares of Texas Roadhouse from an “outperform” rating to an “in-line” rating and set a $190.00 price target on the stock. in a research report on Thursday, September 4th. Barclays dropped their price target on Texas Roadhouse from $187.00 to $170.00 and set an “equal weight” rating on the stock in a report on Friday, November 7th. Wells Fargo & Company reduced their price objective on Texas Roadhouse from $175.00 to $170.00 and set an “equal weight” rating for the company in a research note on Friday, November 7th. Finally, Guggenheim restated a “buy” rating and issued a $210.00 target price on shares of Texas Roadhouse in a report on Tuesday, September 16th. Two research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $192.95.

About Texas Roadhouse

Texas Roadhouse, Inc, together with its subsidiaries, operates casual dining restaurants in the United States and internationally. It also operates and franchises restaurants under the Texas Roadhouse, Bubba's 33, and Jaggers names in 49 states and ten internationally. Texas Roadhouse, Inc was founded in 1993 and is based in Louisville, Kentucky.