Stablepoint Partners LLC Sells 1,090 Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH)

Stablepoint Partners LLC reduced its holdings in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 12.4% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,705 shares of the restaurant operator’s stock after selling 1,090 shares during the period. Stablepoint Partners LLC’s holdings in Texas Roadhouse were worth $1,329,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in TXRH. LRI Investments LLC purchased a new stake in Texas Roadhouse during the 1st quarter valued at approximately $25,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in Texas Roadhouse during the second quarter valued at $25,000. McClarren Financial Advisors Inc. grew its stake in Texas Roadhouse by 4,175.0% during the second 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 in the last quarter. Rise Advisors LLC bought a new stake in Texas Roadhouse in the 1st quarter valued at $32,000. Finally, China Universal Asset Management Co. Ltd. lifted its stake in Texas Roadhouse by 454.5% in the 1st quarter. China Universal Asset Management Co. Ltd. now owns 244 shares of the restaurant operator’s stock worth $38,000 after purchasing an additional 200 shares in the last quarter. 94.82% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on TXRH. Bank of America lifted their target price on Texas Roadhouse from $189.00 to $205.00 and gave the stock a “buy” rating in a report on Wednesday, July 17th. BMO Capital Markets increased their target price on Texas Roadhouse from $145.00 to $155.00 and gave the company a “market perform” rating in a research report on Friday, July 26th. Wedbush raised their target price on shares of Texas Roadhouse from $180.00 to $190.00 and gave the company an “outperform” rating in a report on Friday, July 19th. Wells Fargo & Company upped their price target on shares of Texas Roadhouse from $165.00 to $175.00 and gave the company an “equal weight” rating in a research note on Friday, July 26th. Finally, BTIG Research lifted their price objective on shares of Texas Roadhouse from $175.00 to $190.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Thirteen investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $171.85.

Texas Roadhouse Trading Up 0.6 %

Shares of TXRH opened at $167.76 on Thursday. The firm has a fifty day moving average price of $169.09 and a 200-day moving average price of $162.50. The firm has a market capitalization of $11.19 billion, a P/E ratio of 33.96, a P/E/G ratio of 1.53 and a beta of 0.99. Texas Roadhouse, Inc. has a 12-month low of $91.06 and a 12-month high of $177.72.

Texas Roadhouse (NASDAQ:TXRH) last released 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 company had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.34 billion. Texas Roadhouse had a net margin of 7.47% and a return on equity of 30.94%. The firm’s quarterly revenue was up 14.5% on a year-over-year basis. During the same period in the previous year, the company earned $1.22 EPS. 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 disclosed a quarterly dividend, which will be paid on Tuesday, September 24th. Shareholders of record on Wednesday, September 4th will be issued a dividend of $0.61 per share. The ex-dividend date of this dividend is Wednesday, September 4th. This represents a $2.44 annualized dividend and a yield of 1.45%. Texas Roadhouse’s payout ratio is currently 49.39%.

Texas Roadhouse 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.