Texas Roadhouse, Inc. (NASDAQ:TXRH) Shares Sold by Larson Financial Group LLC

Larson Financial Group LLC lessened its position in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 4.9% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,534 shares of the restaurant operator’s stock after selling 79 shares during the quarter. Larson Financial Group LLC’s holdings in Texas Roadhouse were worth $263,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. LRI Investments LLC acquired a new position in shares of Texas Roadhouse during the 1st quarter worth $25,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Texas Roadhouse during the 2nd quarter worth $25,000. McClarren Financial Advisors Inc. raised its stake in shares of Texas Roadhouse by 4,175.0% during the 2nd quarter. McClarren Financial Advisors Inc. now owns 171 shares of the restaurant operator’s stock worth $29,000 after buying an additional 167 shares during the last quarter. Rise Advisors LLC acquired a new position in shares of Texas Roadhouse during the 1st quarter worth $32,000. Finally, China Universal Asset Management Co. Ltd. raised its stake in shares of Texas Roadhouse by 454.5% during the 1st quarter. China Universal Asset Management Co. Ltd. now owns 244 shares of the restaurant operator’s stock worth $38,000 after buying an additional 200 shares during the last quarter. Institutional investors and hedge funds own 94.82% of the company’s stock.

Texas Roadhouse Stock Performance

Shares of NASDAQ:TXRH opened at $161.81 on Friday. Texas Roadhouse, Inc. has a 1 year low of $91.06 and a 1 year high of $177.72. The stock has a market capitalization of $10.79 billion, a P/E ratio of 32.76, a PEG ratio of 1.52 and a beta of 0.99. The stock has a 50-day simple moving average of $168.83 and a 200-day simple moving average of $162.56.

Texas Roadhouse (NASDAQ:TXRH) last issued its earnings results on Thursday, July 25th. The restaurant operator reported $1.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.64 by $0.15. Texas Roadhouse had a return on equity of 30.94% and a net margin of 7.47%. The business had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.34 billion. During the same quarter in the previous year, the business earned $1.22 EPS. The company’s revenue for the quarter was up 14.5% on a year-over-year basis. Analysts predict that Texas Roadhouse, Inc. will post 6.32 earnings per share for the current year.

Texas Roadhouse Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 24th. Stockholders of record on Wednesday, September 4th will be issued a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.51%. The ex-dividend date is Wednesday, September 4th. Texas Roadhouse’s payout ratio is currently 49.39%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on TXRH shares. Wells Fargo & Company lifted their price target on Texas Roadhouse from $165.00 to $175.00 and gave the stock an “equal weight” rating in a research note on Friday, July 26th. BTIG Research boosted their target price on shares of Texas Roadhouse from $175.00 to $190.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Morgan Stanley boosted their target price on shares of Texas Roadhouse from $155.00 to $162.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 16th. Wedbush boosted their target price on shares of Texas Roadhouse from $180.00 to $190.00 and gave the company an “outperform” rating in a research note on Friday, July 19th. Finally, BMO Capital Markets boosted their target price on shares of Texas Roadhouse from $145.00 to $155.00 and gave the company a “market perform” rating in a research note on Friday, July 26th. Thirteen research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $171.85.

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.