2 days Ago By ABMN Staff
State of New Jersey Common Pension Fund D decreased its stake in Texas Roadhouse, Inc. ( NASDAQ:TXRH – Free Report ) by 34.5% during the 2nd quarter, Holdings Channel reports.
The firm owned 24,413 shares of the restaurant operator’s stock after selling 12,881 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Texas Roadhouse were worth $4,192,000 at the end of the most recent reporting period. Other institutional investors have also modified their holdings of 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. grew its position in shares of Texas Roadhouse by 4,175.0% in the second quarter.
McClarren Financial Advisors Inc. now owns 171 shares of the restaurant operator’s stock valued at $29,000 after purchasing an additional 167 shares during the period. 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. boosted 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.
Texas Roadhouse Stock Performance Texas Roadhouse stock opened at $163.30 on Tuesday. The company has a market capitalization of $10.
91 billion, a price-to-earnings ratio of 33.06, a price-to-earnings-growth ratio of 1.46 and a beta of 0.
99. The company’s 50 day simple moving average is $167.82 and its 200-day simple moving average is $163.
44. Texas Roadhouse, Inc. has a 1 year low of $91.
06 and a 1 year high of $177.72. Texas Roadhouse Announces Dividend The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 24th.
Investors of record on Wednesday, September 4th will be issued a $0.61 dividend. This represents a $2.
44 dividend on an annualized basis and a dividend yield of 1.49%. The ex-dividend date of this dividend is Wednesday, September 4th.
Texas Roadhouse’s dividend payout ratio (DPR) is currently 49.39%. Analysts Set New Price Targets A number of research firms recently weighed in on TXRH.
Wedbush boosted their price target on shares of Texas Roadhouse from $180.00 to $190.00 and gave the stock an “outperform” rating in a research report on Friday, July 19th.
BTIG Research boosted their price target on shares of Texas Roadhouse from $175.00 to $190.00 and gave the stock a “buy” rating in a research report on Friday, July 26th.
Royal Bank of Canada boosted their price target on shares of Texas Roadhouse from $165.00 to $175.00 and gave the stock a “sector perform” rating in a research report on Friday, June 7th.
Bank of America boosted their price target on shares of Texas Roadhouse from $189.00 to $205.00 and gave the stock a “buy” rating in a research report on Wednesday, July 17th.
Finally, Morgan Stanley lifted their target price on shares of Texas Roadhouse from $155.00 to $162.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 16th.
Thirteen investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, Texas Roadhouse presently has a consensus rating of “Hold” and an average price target of $171.
85. View Our Latest Report on TXRH Texas Roadhouse Company Profile ( Free Report ) 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. See Also 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.
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