Texas Roadhouse, Inc. $TXRH Stock Position Raised by Cwm LLC

Cwm LLC lifted its position in Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 121.4% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 44,256 shares of the restaurant operator's stock after acquiring an additional 24,268 shares during the quarter. Cwm LLC owned approximately 0.07% of Texas Roadhouse worth $8,294,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the company. Axiom Investors LLC DE lifted its position in shares of Texas Roadhouse by 3,696.7% in the 1st quarter. Axiom Investors LLC DE now owns 2,173,807 shares of the restaurant operator's stock valued at $362,221,000 after acquiring an additional 2,116,552 shares in the last quarter. T. Rowe Price Investment Management Inc. lifted its position in shares of Texas Roadhouse by 209.3% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 1,609,608 shares of the restaurant operator's stock valued at $268,209,000 after acquiring an additional 1,089,256 shares in the last quarter. AQR Capital Management LLC lifted its position in Texas Roadhouse by 54.3% in the 1st quarter. AQR Capital Management LLC now owns 1,261,587 shares of the restaurant operator's stock worth $209,840,000 after buying an additional 443,767 shares in the last quarter. Wellington Management Group LLP lifted its position in Texas Roadhouse by 9.8% in the 1st quarter. Wellington Management Group LLP now owns 750,479 shares of the restaurant operator's stock worth $125,052,000 after buying an additional 66,731 shares in the last quarter. Finally, Westfield Capital Management Co. LP lifted its position in Texas Roadhouse by 1.3% in the 1st quarter. Westfield Capital Management Co. LP now owns 702,048 shares of the restaurant operator's stock worth $116,982,000 after buying an additional 8,904 shares in the last quarter. Hedge funds and other institutional investors own 94.82% of the company's stock.

Texas Roadhouse Trading Down 1.2%

NASDAQ:TXRH opened at $169.83 on Wednesday. Texas Roadhouse, Inc. has a 1 year low of $148.73 and a 1 year high of $206.04. The firm's fifty day simple moving average is $169.37 and its 200 day simple moving average is $176.80. The firm has a market capitalization of $11.29 billion, a PE ratio of 25.93, a PEG ratio of 2.55 and a beta of 0.82.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last posted its earnings results on Thursday, August 7th. The restaurant operator reported $1.86 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.95 by ($0.09). The firm had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.50 billion. Texas Roadhouse had a net margin of 7.72% and a return on equity of 31.52%. The business's quarterly revenue was up 12.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.79 earnings per share. As a group, analysts anticipate that Texas Roadhouse, Inc. will post 7.23 EPS for the current fiscal year.

Texas Roadhouse Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 2nd were given a $0.68 dividend. This represents a $2.72 annualized dividend and a yield of 1.6%. The ex-dividend date was Tuesday, September 2nd. Texas Roadhouse's dividend payout ratio (DPR) is currently 41.53%.

Insiders Place Their Bets

In other Texas Roadhouse news, Director Gregory N. Moore sold 3,000 shares of the firm's stock in a transaction on Monday, August 18th. The shares were sold at an average price of $173.06, for a total value of $519,180.00. Following the sale, the director directly owned 34,550 shares in the company, valued at $5,979,223. This trade represents a 7.99% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, President Regina A. Tobin sold 3,153 shares of the firm's stock in a transaction on Monday, August 18th. The stock was sold at an average price of $173.53, for a total transaction of $547,140.09. Following the completion of the sale, the president owned 15,261 shares in the company, valued at $2,648,241.33. This represents a 17.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 8,342 shares of company stock worth $1,443,704 in the last ninety days. Insiders own 0.50% of the company's stock.

Wall Street Analyst Weigh In

TXRH has been the subject of a number of research analyst reports. Evercore ISI downgraded shares of Texas Roadhouse from an "outperform" rating to an "in-line" rating and set a $190.00 target price for the company. in a research report on Thursday, September 4th. Truist Financial set a $212.00 target price on shares of Texas Roadhouse and gave the stock a "buy" rating in a research report on Wednesday, July 2nd. Guggenheim reiterated a "buy" rating and issued a $210.00 target price on shares of Texas Roadhouse in a research report on Tuesday, September 16th. Stifel Nicolaus increased their target price on shares of Texas Roadhouse from $180.00 to $188.00 and gave the stock a "hold" rating in a research report on Friday, July 25th. Finally, Melius Research upgraded shares of Texas Roadhouse to a "strong-buy" rating in a research report on Monday, July 14th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and eleven have given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $195.25.

About Texas Roadhouse

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.

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