Texas Roadhouse, Inc. $TXRH Position Boosted by Bank of America Corp DE

Key Points

• Bank of America increased its Texas Roadhouse stake by 4.4% in the first quarter, adding 19,092 shares to own 452,038 shares valued at approximately $74.7 million. Institutional investors collectively own 94.82% of the company.
• Texas Roadhouse reported strong second-quarter results, with revenue up 11.1% year over year to $1.68 billion and adjusted EPS of $1.85, slightly exceeding consensus estimates.
• Analyst sentiment improved after the results, with TD Cowen raising its price target to $230 and BTIG to $220, while the company declared a $0.75 quarterly dividend. Despite the upgrades, the overall analyst consensus remains “Hold,” with a target price of $207.71.

Bank of America Corp DE increased its position in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 4.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 452,038 shares of the restaurant operator's stock after acquiring an additional 19,092 shares during the period. Bank of America Corp DE owned about 0.69% of Texas Roadhouse worth $74,650,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of TXRH. Elyxium Wealth LLC acquired a new stake in Texas Roadhouse in the 4th quarter valued at approximately $25,000. Measured Wealth Private Client Group LLC bought a new stake in Texas Roadhouse in the 3rd quarter valued at $33,000. Garton & Associates Financial Advisors LLC bought a new position in shares of Texas Roadhouse during the 4th quarter worth about $34,000. TD Private Client Wealth LLC lifted its stake in shares of Texas Roadhouse by 137.5% in the fourth quarter. TD Private Client Wealth LLC now owns 266 shares of the restaurant operator's stock valued at $44,000 after buying an additional 154 shares during the period. Finally, Los Angeles Capital Management LLC acquired a new stake in Texas Roadhouse during the fourth quarter worth about $48,000. Institutional investors and hedge funds own 94.82% of the company's stock.

More Texas Roadhouse News

Here are the key news stories impacting Texas Roadhouse this week:

• Positive Sentiment: Texas Roadhouse reported second-quarter revenue of $1.68 billion, up 11.1% year over year and slightly above the $1.67 billion consensus estimate. Adjusted earnings of $1.85 per share exceeded the widely cited $1.83 consensus estimate. Texas Roadhouse Announces Second Quarter 2026 Results
• Positive Sentiment: Analysts responded favorably to the results and cited increased sales and restaurant traffic. TD Cowen raised its price target from $205 to $230 and maintained a Buy rating, while BTIG lifted its target from $200 to $220 and also assigned a Buy rating. Analysts Raise Forecasts After Q2 Results
• Positive Sentiment: The board declared a quarterly dividend of $0.75 per share, payable September 29 to shareholders of record September 1. The dividend provides an annualized yield of approximately 1.4%.
• Neutral Sentiment: Stephens raised its price target from $180 to $205 but retained an Equal Weight rating, indicating that the firm sees limited upside at current levels.
• Negative Sentiment: Second-quarter EPS declined from $1.86 a year earlier to $1.85. In addition, one Zacks measure compared results with a higher $1.90 consensus estimate and characterized the quarter as a modest miss, highlighting uncertainty around the earnings beat. Texas Roadhouse Q2 Earnings Report

Texas Roadhouse Stock Performance

Shares of NASDAQ:TXRH opened at $208.00 on Monday. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.46 and a quick ratio of 0.40. The business's fifty day moving average price is $187.54 and its two-hundred day moving average price is $178.79. Texas Roadhouse, Inc. has a fifty-two week low of $153.82 and a fifty-two week high of $213.26. The stock has a market capitalization of $13.67 billion, a price-to-earnings ratio of 33.28, a price-to-earnings-growth ratio of 2.29 and a beta of 0.79.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last issued its quarterly earnings data on Thursday, August 6th. The restaurant operator reported $1.85 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.83 by $0.02. Texas Roadhouse had a return on equity of 27.20% and a net margin of 6.63%.The company had revenue of $1.68 billion during the quarter, compared to analysts' expectations of $1.67 billion. During the same period last year, the business earned $1.86 earnings per share. The business's revenue was up 11.1% on a year-over-year basis. As a group, analysts predict that Texas Roadhouse, Inc. will post 6.49 EPS for the current fiscal year.

Texas Roadhouse Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 29th. Investors of record on Tuesday, September 1st will be issued a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Tuesday, September 1st. Texas Roadhouse's dividend payout ratio (DPR) is currently 48.00%.

Insider Activity

In other news, insider Lloyd Paul Marshall sold 1,000 shares of the firm's stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of $178.34, for a total transaction of $178,340.00. Following the completion of the sale, the insider owned 10,326 shares of the company's stock, valued at approximately $1,841,538.84. This trade represents a 8.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Jane Grote Abell sold 339 shares of Texas Roadhouse stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $177.43, for a total transaction of $60,148.77. Following the completion of the transaction, the director owned 2,161 shares of the company's stock, valued at $383,426.23. This trade represents a 13.56% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 2,264 shares of company stock valued at $409,937 in the last ninety days. 0.50% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Robert W. Baird set a $235.00 price target on Texas Roadhouse in a research note on Friday. TD Cowen lifted their price objective on Texas Roadhouse from $205.00 to $230.00 and gave the stock a "buy" rating in a report on Friday. Deutsche Bank Aktiengesellschaft restated a "buy" rating and set a $235.00 price objective on shares of Texas Roadhouse in a research report on Monday, August 3rd. Citigroup upped their target price on Texas Roadhouse from $193.00 to $209.00 and gave the company a "neutral" rating in a research note on Friday. Finally, Guggenheim reaffirmed a "buy" rating and issued a $210.00 target price on shares of Texas Roadhouse in a research report on Monday, May 18th. Ten investment analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $207.71.

Texas Roadhouse Profile

Texas Roadhouse, Inc is a casual dining restaurant chain specializing in hand‐cut steaks, fall‐off‐the‐bone ribs, chicken, seafood and house specialties. Each restaurant features a Western‐themed décor, open kitchens and a signature line dance presentation of fresh, made‐from‐scratch sides and breads. The company emphasizes an energetic dining experience, focusing on hospitality, value and a family‐friendly environment.

The concept was created in 1993 by founder Kent Taylor, who sought to combine high‐quality steaks with an approachable, community‐oriented atmosphere.

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 - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source