Toronto Dominion Bank acquired a new position in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) in the third quarter, Holdings Channel reports. The institutional investor acquired 5,580 shares of the restaurant operator’s stock, valued at approximately $510,000.
Several other institutional investors and hedge funds also recently modified their holdings of the company. Psagot Investment House Ltd. bought a new stake in Texas Roadhouse in the second quarter worth approximately $72,000. Moors & Cabot Inc. bought a new stake in Texas Roadhouse in the third quarter worth approximately $79,000. Centaurus Financial Inc. bought a new stake in Texas Roadhouse in the second quarter worth approximately $123,000. Amundi bought a new stake in Texas Roadhouse in the second quarter worth approximately $135,000. Finally, PDT Partners LLC bought a new stake in Texas Roadhouse in the second quarter worth approximately $212,000. Institutional investors own 93.30% of the company’s stock.
A number of equities research analysts have weighed in on TXRH shares. Loop Capital started coverage on Texas Roadhouse in a report on Tuesday, October 5th. They issued a “buy” rating and a $121.00 target price for the company. Stephens lowered their target price on Texas Roadhouse from $100.00 to $95.00 and set an “equal weight” rating for the company in a report on Tuesday, October 19th. Barclays raised their price objective on Texas Roadhouse from $90.00 to $92.00 and gave the company an “equal weight” rating in a research note on Wednesday, December 15th. Morgan Stanley reduced their price objective on Texas Roadhouse from $105.00 to $96.00 and set an “equal weight” rating for the company in a research note on Monday, November 1st. Finally, Credit Suisse Group reduced their price objective on Texas Roadhouse from $121.00 to $115.00 and set an “outperform” rating for the company in a research note on Monday, November 1st. Nine research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $107.48.
Texas Roadhouse (NASDAQ:TXRH) last posted its quarterly earnings data on Thursday, October 28th. The restaurant operator reported $0.75 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.81 by ($0.06). Texas Roadhouse had a return on equity of 20.68% and a net margin of 6.61%. The business had revenue of $868.94 million during the quarter, compared to analysts’ expectations of $870.33 million. During the same period in the prior year, the firm posted $0.42 EPS. The firm’s revenue for the quarter was up 33.6% on a year-over-year basis. As a group, equities research analysts expect that Texas Roadhouse, Inc. will post 3.42 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 23rd. Shareholders of record on Wednesday, December 8th were given a $0.40 dividend. The ex-dividend date of this dividend was Tuesday, December 7th. This represents a $1.60 annualized dividend and a yield of 1.83%. Texas Roadhouse’s dividend payout ratio is currently 52.98%.
In other Texas Roadhouse news, CFO Tonya Robinson sold 6,747 shares of the business’s stock in a transaction on Tuesday, January 11th. The stock was sold at an average price of $88.07, for a total value of $594,208.29. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Gregory N. Moore sold 1,000 shares of the business’s stock in a transaction on Monday, November 8th. The shares were sold at an average price of $94.02, for a total value of $94,020.00. The disclosure for this sale can be found here. In the last three months, insiders sold 11,006 shares of company stock worth $982,499. Insiders own 4.99% of the company’s stock.
Texas Roadhouse Profile
Texas Roadhouse, Inc is a full-service, casual dining restaurant chain, which offers assorted seasoned and aged steaks hand-cut daily on the premises and cooked to order over open gas-fired grills. It operates restaurants under the Texas Roadhouse and Aspen Creek names. The firm also offers its guests a selection of ribs, fish, seafood, chicken, pork chops, pulled pork and vegetable plates, an assortment of hamburgers, salads and sandwiches.
Further Reading: What is Call Option Volume?
Want to see what other hedge funds are holding TXRH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Texas Roadhouse, Inc. (NASDAQ:TXRH).
Receive News & Ratings for Texas Roadhouse Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Texas Roadhouse and related companies with MarketBeat.com's FREE daily email newsletter.