SG Americas Securities LLC Cuts Stock Holdings in Texas Roadhouse, Inc. (NASDAQ:TXRH)

SG Americas Securities LLC lowered its stake in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 93.1% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 1,314 shares of the restaurant operator’s stock after selling 17,753 shares during the quarter. SG Americas Securities LLC’s holdings in Texas Roadhouse were worth $232,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. LRI Investments LLC acquired a new stake in Texas Roadhouse in the 1st quarter valued at $25,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Texas Roadhouse in the 2nd quarter valued at $25,000. Hollencrest Capital Management acquired a new stake in Texas Roadhouse in the 2nd quarter valued at $25,000. McClarren Financial Advisors Inc. grew its stake in Texas Roadhouse by 4,175.0% in the 2nd quarter. McClarren Financial Advisors Inc. now owns 171 shares of the restaurant operator’s stock valued at $29,000 after acquiring an additional 167 shares during the period. Finally, Ashton Thomas Private Wealth LLC acquired a new stake in Texas Roadhouse in the 2nd quarter valued at $47,000. Institutional investors and hedge funds own 94.82% of the company’s stock.

Texas Roadhouse Trading Down 1.6 %

Shares of TXRH opened at $181.02 on Tuesday. The firm has a market cap of $12.07 billion, a P/E ratio of 32.85, a price-to-earnings-growth ratio of 1.66 and a beta of 0.99. Texas Roadhouse, Inc. has a 12-month low of $93.79 and a 12-month high of $184.19. The company’s 50-day moving average price is $171.34 and its 200 day moving average price is $167.68.

Texas Roadhouse (NASDAQ:TXRH) last issued its quarterly earnings data on Thursday, July 25th. The restaurant operator reported $1.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.64 by $0.15. The firm had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.34 billion. Texas Roadhouse had a net margin of 7.47% and a return on equity of 30.94%. Texas Roadhouse’s revenue was up 14.5% on a year-over-year basis. During the same period in the previous year, the firm earned $1.22 EPS. Equities research analysts forecast that Texas Roadhouse, Inc. will post 6.35 earnings per share for the current year.

Texas Roadhouse Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 24th. Shareholders of record on Wednesday, September 4th were paid a dividend of $0.61 per share. The ex-dividend date was Wednesday, September 4th. This represents a $2.44 dividend on an annualized basis and a yield of 1.35%. Texas Roadhouse’s dividend payout ratio (DPR) is presently 44.28%.

Wall Street Analysts Forecast Growth

TXRH has been the topic of a number of research analyst reports. Truist Financial lifted their price target on shares of Texas Roadhouse from $196.00 to $202.00 and gave the company a “buy” rating in a research note on Friday, October 4th. JPMorgan Chase & Co. dropped their price target on shares of Texas Roadhouse from $184.00 to $180.00 and set a “neutral” rating on the stock in a research note on Monday, July 29th. Stephens lifted their target price on shares of Texas Roadhouse from $170.00 to $176.00 and gave the stock an “equal weight” rating in a research note on Monday, July 29th. BMO Capital Markets lifted their target price on shares of Texas Roadhouse from $145.00 to $155.00 and gave the stock a “market perform” rating in a research note on Friday, July 26th. Finally, Guggenheim lifted their target price on shares of Texas Roadhouse from $190.00 to $195.00 and gave the stock a “buy” rating in a research note on Wednesday, September 25th. Twelve investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $177.15.

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.