Mirabella Financial Services LLP Sells 3,174 Shares of Texas Roadhouse, Inc. $TXRH

Mirabella Financial Services LLP trimmed its position in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 28.2% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 8,101 shares of the restaurant operator’s stock after selling 3,174 shares during the period. Mirabella Financial Services LLP’s holdings in Texas Roadhouse were worth $1,518,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Brooklyn Investment Group lifted its holdings in Texas Roadhouse by 478.6% during the first quarter. Brooklyn Investment Group now owns 162 shares of the restaurant operator’s stock worth $27,000 after acquiring an additional 134 shares during the period. Ameritas Advisory Services LLC purchased a new stake in Texas Roadhouse during the second quarter worth about $53,000. Bogart Wealth LLC raised its position in Texas Roadhouse by 51.5% in the second quarter. Bogart Wealth LLC now owns 303 shares of the restaurant operator’s stock worth $57,000 after acquiring an additional 103 shares during the period. WPG Advisers LLC bought a new position in shares of Texas Roadhouse during the 1st quarter valued at approximately $59,000. Finally, Farther Finance Advisors LLC increased its stake in shares of Texas Roadhouse by 22.8% during the 2nd quarter. Farther Finance Advisors LLC now owns 312 shares of the restaurant operator’s stock worth $59,000 after purchasing an additional 58 shares during the last quarter. Hedge funds and other institutional investors own 94.82% of the company’s stock.

Texas Roadhouse Trading Down 1.1%

Shares of NASDAQ:TXRH opened at $167.13 on Friday. The stock’s 50-day moving average price is $169.25 and its two-hundred day moving average price is $177.33. Texas Roadhouse, Inc. has a 12-month low of $148.73 and a 12-month high of $199.99. The firm has a market cap of $11.06 billion, a price-to-earnings ratio of 25.56, a PEG ratio of 2.75 and a beta of 0.88.

Texas Roadhouse (NASDAQ:TXRH) last announced its quarterly earnings data on Thursday, November 6th. The restaurant operator reported $1.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.28 by ($0.03). Texas Roadhouse had a net margin of 7.49% and a return on equity of 30.59%. The company had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.43 billion. During the same period in the prior year, the firm earned $1.26 earnings per share. The firm’s quarterly revenue was up 12.8% on a year-over-year basis. As a group, research analysts forecast that Texas Roadhouse, Inc. will post 7.23 earnings per share 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. Shareholders 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 is Tuesday, December 2nd. Texas Roadhouse’s payout ratio is currently 41.59%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on TXRH. The Goldman Sachs Group decreased 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. Guggenheim restated a “buy” rating and set a $210.00 price target on shares of Texas Roadhouse in a research note on Tuesday, September 16th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Texas Roadhouse in a research note on Monday. Truist Financial dropped their target price on Texas Roadhouse from $210.00 to $195.00 and set a “buy” rating on the stock in a research report on Friday, November 7th. Finally, Wall Street Zen lowered Texas Roadhouse from a “hold” rating to a “sell” rating in a report on Saturday, November 15th. Two investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $192.95.

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.