Nisa Investment Advisors LLC Reduces Holdings in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Nisa Investment Advisors LLC reduced its stake in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 5.5% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 54,461 shares of the restaurant operator’s stock after selling 3,184 shares during the quarter. Nisa Investment Advisors LLC owned about 0.08% of Texas Roadhouse worth $9,618,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of TXRH. Marshall Wace LLP raised its stake in Texas Roadhouse by 128.9% in the 2nd quarter. Marshall Wace LLP now owns 765,096 shares of the restaurant operator’s stock worth $131,375,000 after acquiring an additional 430,814 shares during the last quarter. AQR Capital Management LLC raised its stake in shares of Texas Roadhouse by 22.3% in the second quarter. AQR Capital Management LLC now owns 909,847 shares of the restaurant operator’s stock worth $156,230,000 after purchasing an additional 165,738 shares during the last quarter. Davidson Kempner Capital Management LP acquired a new stake in shares of Texas Roadhouse during the second quarter worth about $21,462,000. Millennium Management LLC boosted its position in Texas Roadhouse by 25.0% in the second quarter. Millennium Management LLC now owns 583,009 shares of the restaurant operator’s stock valued at $100,108,000 after buying an additional 116,721 shares during the last quarter. Finally, Bahl & Gaynor Inc. boosted its position in Texas Roadhouse by 3,259.4% in the first quarter. Bahl & Gaynor Inc. now owns 92,350 shares of the restaurant operator’s stock valued at $14,265,000 after buying an additional 89,601 shares during the last quarter. 94.82% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have issued reports on TXRH. Loop Capital decreased their price objective on shares of Texas Roadhouse from $215.00 to $209.00 and set a “buy” rating for the company in a research note on Monday. Stephens raised their target price on shares of Texas Roadhouse from $170.00 to $176.00 and gave the stock an “equal weight” rating in a report on Monday, July 29th. JPMorgan Chase & Co. lowered their price target on shares of Texas Roadhouse from $184.00 to $180.00 and set a “neutral” rating on the stock in a report on Monday, July 29th. BMO Capital Markets lifted their price objective on Texas Roadhouse from $155.00 to $162.00 and gave the company a “market perform” rating in a research note on Friday, October 25th. Finally, Guggenheim upped their target price on Texas Roadhouse from $190.00 to $195.00 and gave the stock a “buy” rating in a research note on Wednesday, September 25th. Twelve investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, Texas Roadhouse has an average rating of “Hold” and an average target price of $189.00.

Texas Roadhouse Trading Up 0.4 %

TXRH stock opened at $193.95 on Thursday. The business’s 50-day moving average is $173.82 and its 200 day moving average is $169.35. Texas Roadhouse, Inc. has a 12-month low of $98.18 and a 12-month high of $196.29. The stock has a market cap of $12.93 billion, a price-to-earnings ratio of 33.32, a PEG ratio of 1.59 and a beta of 0.99.

Texas Roadhouse (NASDAQ:TXRH) last issued its quarterly earnings results on Thursday, October 24th. The restaurant operator reported $1.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.32 by ($0.06). Texas Roadhouse had a return on equity of 31.33% and a net margin of 7.65%. The firm had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.27 billion. During the same period in the prior year, the firm earned $0.95 earnings per share. The business’s revenue was up 13.5% on a year-over-year basis. As a group, equities analysts forecast that Texas Roadhouse, Inc. will post 6.38 EPS for the current fiscal year.

Texas Roadhouse Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 24th. Stockholders of record on Wednesday, September 4th were given a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date of this dividend was Wednesday, September 4th. Texas Roadhouse’s dividend payout ratio (DPR) is 41.92%.

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.