Versor Investments LP Has $994,000 Position in Texas Roadhouse, Inc. $TXRH

Key Points

• Versor Investments LP reduced its stake in Texas Roadhouse, Inc. by 57.1%, now holding approximately $994,000 worth of shares after selling nearly 8,000 shares in the first quarter.
• Analysts have a generally positive outlook on Texas Roadhouse, with an average rating of "Moderate Buy" and a price target of $197.85, with several brokerages initiating coverage and setting high price targets.
• Texas Roadhouse recently declared a quarterly dividend of $0.68, reflecting an annualized yield of 1.6% and a payout ratio of 41.53%.

Versor Investments LP cut its stake in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 57.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,966 shares of the restaurant operator's stock after selling 7,954 shares during the quarter. Versor Investments LP's holdings in Texas Roadhouse were worth $994,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Bogart Wealth LLC acquired a new position in shares of Texas Roadhouse in the 1st quarter valued at about $33,000. Coppell Advisory Solutions LLC lifted its stake in shares of Texas Roadhouse by 56.8% in the 4th quarter. Coppell Advisory Solutions LLC now owns 196 shares of the restaurant operator's stock valued at $35,000 after purchasing an additional 71 shares during the period. Park Place Capital Corp lifted its stake in shares of Texas Roadhouse by 459.1% in the 1st quarter. Park Place Capital Corp now owns 369 shares of the restaurant operator's stock valued at $61,000 after purchasing an additional 303 shares during the period. MassMutual Private Wealth & Trust FSB lifted its stake in shares of Texas Roadhouse by 41.9% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 379 shares of the restaurant operator's stock valued at $63,000 after purchasing an additional 112 shares during the period. Finally, Versant Capital Management Inc lifted its stake in shares of Texas Roadhouse by 153.9% in the 1st quarter. Versant Capital Management Inc now owns 457 shares of the restaurant operator's stock valued at $76,000 after purchasing an additional 277 shares during the period. 94.82% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on TXRH. Melius began coverage on Texas Roadhouse in a research note on Monday, July 14th. They issued a "buy" rating and a $235.00 price objective on the stock. Truist Financial set a $212.00 price objective on Texas Roadhouse and gave the company a "buy" rating in a research note on Wednesday, July 2nd. Morgan Stanley boosted their price objective on Texas Roadhouse from $200.00 to $205.00 and gave the company an "overweight" rating in a research note on Monday, July 14th. Guggenheim upped their price target on Texas Roadhouse from $200.00 to $210.00 and gave the stock a "buy" rating in a research note on Friday, July 11th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of Texas Roadhouse in a research note on Tuesday, July 15th. Ten analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Texas Roadhouse presently has an average rating of "Moderate Buy" and an average price target of $197.85.

Texas Roadhouse Stock Performance

Shares of TXRH opened at $173.88 on Tuesday. The stock has a 50 day moving average price of $185.19 and a two-hundred day moving average price of $178.95. The firm has a market capitalization of $11.55 billion, a P/E ratio of 26.55, a P/E/G ratio of 2.36 and a beta of 0.86. Texas Roadhouse, Inc. has a 52 week low of $148.73 and a 52 week high of $206.04.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last released its earnings results on Thursday, August 7th. The restaurant operator reported $1.86 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.95 by ($0.09). The business had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.50 billion. Texas Roadhouse had a net margin of 7.72% and a return on equity of 31.52%. The business's revenue was up 12.7% on a year-over-year basis. During the same period in the prior year, the company earned $1.79 earnings per share. On average, equities analysts forecast that Texas Roadhouse, Inc. will post 7.23 earnings per share for the current year.

Texas Roadhouse Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 2nd will be issued a $0.68 dividend. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $2.72 annualized dividend and a dividend yield of 1.6%. Texas Roadhouse's dividend payout ratio is currently 41.53%.

Insider Activity

In other news, Director Donna E. Epps sold 800 shares of the company's stock in a transaction that occurred on Friday, May 23rd. The stock was sold at an average price of $186.52, for a total value of $149,216.00. Following the completion of the transaction, the director directly owned 4,632 shares of the company's stock, valued at $863,960.64. This represents a 14.73% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.50% of the stock is currently owned by corporate insiders.

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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