Night Squared LP Sells 7,379 Shares of Texas Roadhouse, Inc. $TXRH

Night Squared LP lowered its stake in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 19.0% during the second quarter, Holdings Channel reports. The fund owned 31,396 shares of the restaurant operator’s stock after selling 7,379 shares during the period. Texas Roadhouse makes up approximately 2.6% of Night Squared LP’s holdings, making the stock its 13th biggest holding. Night Squared LP’s holdings in Texas Roadhouse were worth $5,884,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Qube Research & Technologies Ltd lifted its position in shares of Texas Roadhouse by 16.6% during the second quarter. Qube Research & Technologies Ltd now owns 919,999 shares of the restaurant operator’s stock worth $172,417,000 after purchasing an additional 131,198 shares in the last quarter. Broadleaf Partners LLC raised its position in Texas Roadhouse by 0.7% in the 2nd quarter. Broadleaf Partners LLC now owns 17,815 shares of the restaurant operator’s stock worth $3,339,000 after purchasing an additional 125 shares during the last quarter. Cerity Partners LLC lifted its holdings in Texas Roadhouse by 26.2% during the 2nd quarter. Cerity Partners LLC now owns 77,852 shares of the restaurant operator’s stock worth $14,591,000 after buying an additional 16,179 shares in the last quarter. Federated Hermes Inc. boosted its position in Texas Roadhouse by 13.5% in the 2nd quarter. Federated Hermes Inc. now owns 555,871 shares of the restaurant operator’s stock valued at $104,176,000 after buying an additional 65,935 shares during the last quarter. Finally, Jump Financial LLC boosted its position in Texas Roadhouse by 435.6% in the 2nd quarter. Jump Financial LLC now owns 18,499 shares of the restaurant operator’s stock valued at $3,467,000 after buying an additional 15,045 shares during the last quarter. Institutional investors and hedge funds own 94.82% of the company’s stock.

Texas Roadhouse Price Performance

Texas Roadhouse stock opened at $164.95 on Wednesday. The firm has a market capitalization of $10.91 billion, a price-to-earnings ratio of 25.22, a PEG ratio of 2.69 and a beta of 0.88. The company’s 50 day simple moving average is $169.27 and its 200 day simple moving average is $176.62. Texas Roadhouse, Inc. has a fifty-two week low of $148.73 and a fifty-two week high of $199.99.

Texas Roadhouse (NASDAQ:TXRH) last issued its earnings results on Thursday, November 6th. The restaurant operator reported $1.25 EPS for the quarter, missing the consensus estimate of $1.28 by ($0.03). The firm had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.43 billion. Texas Roadhouse had a net margin of 7.49% and a return on equity of 30.59%. The firm’s revenue for the quarter was up 12.8% on a year-over-year basis. During the same period in the previous year, the company posted $1.26 EPS. As a group, analysts predict that Texas Roadhouse, Inc. will post 7.23 EPS for the current fiscal year.

Texas Roadhouse Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 30th. Investors of record on Tuesday, December 2nd will be paid a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend is Tuesday, December 2nd. Texas Roadhouse’s dividend payout ratio (DPR) is presently 41.59%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on TXRH shares. The Goldman Sachs Group dropped their target price on Texas Roadhouse from $200.00 to $180.00 and set a “neutral” rating for the company in a research report on Wednesday, October 1st. Wells Fargo & Company dropped their price objective on Texas Roadhouse from $175.00 to $170.00 and set an “equal weight” rating for the company in a report on Friday, November 7th. Zacks Research downgraded shares of Texas Roadhouse from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 22nd. Royal Bank Of Canada lowered their price target on shares of Texas Roadhouse from $185.00 to $175.00 and set a “sector perform” rating for the company in a research report on Friday, November 7th. Finally, UBS Group reissued a “buy” rating on shares of Texas Roadhouse in a research note on Monday, November 10th. Two investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $192.95.

Insider Buying and Selling at Texas Roadhouse

In other news, Director Gregory N. Moore sold 1,400 shares of the firm’s stock in a transaction dated Wednesday, December 3rd. The stock was sold at an average price of $170.00, for a total transaction of $238,000.00. Following the sale, the director owned 32,150 shares of the company’s stock, valued at $5,465,500. This trade represents a 4.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Hugh J. Carroll sold 1,000 shares of Texas Roadhouse stock in a transaction dated Thursday, December 4th. The shares were sold at an average price of $167.27, for a total value of $167,270.00. Following the transaction, the director owned 1,854 shares in the company, valued at $310,118.58. This trade represents a 35.04% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 0.50% of the company’s stock.

Texas Roadhouse 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.