Texas Roadhouse, Inc. (NASDAQ:TXRH) Shares Purchased by Renaissance Technologies LLC

Renaissance Technologies LLC lifted its stake in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 11.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 520,800 shares of the restaurant operator’s stock after purchasing an additional 55,500 shares during the period. Renaissance Technologies LLC owned approximately 0.78% of Texas Roadhouse worth $89,427,000 as of its most recent SEC filing.

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

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. JPMorgan Chase & Co. cut 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 report 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 report on Monday, July 29th. Evercore ISI lifted their target price on shares of Texas Roadhouse from $175.00 to $195.00 and gave the stock an “outperform” rating in a research report on Friday, July 26th. Truist Financial lifted their target price on shares of Texas Roadhouse from $185.00 to $196.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Finally, BMO Capital Markets boosted their price objective on shares of Texas Roadhouse from $145.00 to $155.00 and gave the company a “market perform” rating in a research report 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. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $171.85.

Texas Roadhouse Stock Down 0.4 %

TXRH opened at $163.30 on Tuesday. Texas Roadhouse, Inc. has a 52-week low of $91.06 and a 52-week high of $177.72. The company has a 50 day moving average of $167.82 and a two-hundred day moving average of $163.44. The company has a market cap of $10.91 billion, a P/E ratio of 33.06, a P/E/G ratio of 1.46 and a beta of 0.99.

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, topping the consensus estimate of $1.64 by $0.15. Texas Roadhouse had a net margin of 7.47% and a return on equity of 30.94%. The company had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.34 billion. During the same period in the previous year, the firm earned $1.22 earnings per share. Texas Roadhouse’s revenue for the quarter was up 14.5% on a year-over-year basis. Research analysts anticipate that Texas Roadhouse, Inc. will post 6.32 earnings per share for the current year.

Texas Roadhouse Announces Dividend

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 paid a $0.61 dividend. The ex-dividend date of this dividend is Wednesday, September 4th. This represents a $2.44 annualized dividend and a dividend yield of 1.49%. Texas Roadhouse’s dividend payout ratio (DPR) is presently 49.39%.

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.