Texas Roadhouse, Inc. (NASDAQ:TXRH) Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC lowered its stake in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 5.5% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 54,461 shares of the restaurant operator’s stock after selling 3,184 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Texas Roadhouse were worth $9,618,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Ontario Teachers Pension Plan Board acquired a new position in shares of Texas Roadhouse during the 1st quarter valued at about $2,338,000. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Texas Roadhouse in the 1st quarter valued at approximately $4,522,000. Sei Investments Co. grew its stake in shares of Texas Roadhouse by 31.6% in the 1st quarter. Sei Investments Co. now owns 73,707 shares of the restaurant operator’s stock valued at $11,385,000 after buying an additional 17,691 shares during the period. Vanguard Group Inc. increased its holdings in shares of Texas Roadhouse by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 6,476,056 shares of the restaurant operator’s stock worth $1,000,356,000 after buying an additional 53,419 shares during the last quarter. Finally, SG Americas Securities LLC raised its position in shares of Texas Roadhouse by 200.6% during the 2nd quarter. SG Americas Securities LLC now owns 19,067 shares of the restaurant operator’s stock valued at $3,274,000 after buying an additional 12,725 shares during the period. Institutional investors and hedge funds own 94.82% of the company’s stock.

Texas Roadhouse Stock Performance

Shares of TXRH opened at $193.95 on Thursday. Texas Roadhouse, Inc. has a 1 year low of $98.18 and a 1 year high of $196.29. The stock has a market capitalization of $12.93 billion, a PE ratio of 33.32, a PEG ratio of 1.59 and a beta of 0.99. The stock has a 50-day simple moving average of $173.82 and a 200-day simple moving average of $169.35.

Texas Roadhouse (NASDAQ:TXRH) last issued its earnings results on Thursday, October 24th. The restaurant operator reported $1.26 earnings per share for the quarter, missing the consensus estimate of $1.32 by ($0.06). Texas Roadhouse had a net margin of 7.65% and a return on equity of 31.33%. The firm had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.27 billion. During the same period last year, the business earned $0.95 EPS. The firm’s revenue was up 13.5% compared to the same quarter last year. Analysts predict that Texas Roadhouse, Inc. will post 6.38 EPS for the current year.

Texas Roadhouse Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 24th. Investors of record on Wednesday, September 4th were paid a dividend of $0.61 per share. The ex-dividend date of this dividend was Wednesday, September 4th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.26%. Texas Roadhouse’s payout ratio is currently 41.92%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on TXRH shares. Barclays increased their price objective on Texas Roadhouse from $160.00 to $175.00 and gave the stock an “equal weight” rating in a research report on Friday, October 25th. Evercore ISI increased their price target on Texas Roadhouse from $195.00 to $200.00 and gave the stock an “outperform” rating in a report on Tuesday, October 15th. Robert W. Baird boosted their price objective on shares of Texas Roadhouse from $190.00 to $205.00 and gave the company an “outperform” rating in a report on Friday, October 25th. JPMorgan Chase & Co. lowered their target price on shares of Texas Roadhouse from $184.00 to $180.00 and set a “neutral” rating for the company in a research note on Monday, July 29th. Finally, Loop Capital dropped their price target on shares of Texas Roadhouse from $215.00 to $209.00 and set a “buy” rating for the company in a research report on Monday. Twelve analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $189.00.

Texas Roadhouse Company Profile

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.