Axiom Investors LLC DE Cuts Stock Holdings in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Axiom Investors LLC DE lowered its holdings in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 40.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,316 shares of the restaurant operator’s stock after selling 15,071 shares during the period. Axiom Investors LLC DE’s holdings in Texas Roadhouse were worth $2,506,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Edgestream Partners L.P. bought a new position in Texas Roadhouse during the 2nd quarter valued at $1,404,000. Commonwealth Equity Services LLC boosted its stake in Texas Roadhouse by 20.3% during the 2nd quarter. Commonwealth Equity Services LLC now owns 6,353 shares of the restaurant operator’s stock valued at $713,000 after acquiring an additional 1,070 shares during the last quarter. Private Advisor Group LLC boosted its stake in Texas Roadhouse by 95.4% during the 2nd quarter. Private Advisor Group LLC now owns 9,327 shares of the restaurant operator’s stock valued at $1,047,000 after acquiring an additional 4,554 shares during the last quarter. Citigroup Inc. boosted its stake in Texas Roadhouse by 147.1% during the 2nd quarter. Citigroup Inc. now owns 24,173 shares of the restaurant operator’s stock valued at $2,714,000 after acquiring an additional 14,391 shares during the last quarter. Finally, Burney Co. bought a new position in Texas Roadhouse during the 2nd quarter valued at $3,570,000. Institutional investors and hedge funds own 97.24% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. Stephens reiterated an “equal weight” rating and issued a $115.00 price objective on shares of Texas Roadhouse in a research report on Thursday, August 31st. Barclays lowered their target price on shares of Texas Roadhouse from $108.00 to $99.00 and set an “equal weight” rating on the stock in a research note on Monday, October 23rd. UBS Group lowered their target price on shares of Texas Roadhouse from $127.00 to $120.00 and set a “buy” rating on the stock in a research note on Friday, October 6th. Wedbush reaffirmed an “outperform” rating and issued a $110.00 price objective on shares of Texas Roadhouse in a research note on Friday, October 27th. Finally, Northcoast Research raised shares of Texas Roadhouse from a “neutral” rating to a “buy” rating and set a $118.00 price objective on the stock in a research note on Friday, September 29th. Nine analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, Texas Roadhouse currently has a consensus rating of “Moderate Buy” and an average price target of $118.35.

Texas Roadhouse Stock Performance

Shares of TXRH stock opened at $109.71 on Tuesday. Texas Roadhouse, Inc. has a 52-week low of $90.38 and a 52-week high of $118.16. The stock has a market cap of $7.33 billion, a price-to-earnings ratio of 25.28, a P/E/G ratio of 1.50 and a beta of 0.93. The firm has a fifty day moving average of $99.39 and a 200-day moving average of $105.82.

Texas Roadhouse (NASDAQ:TXRH) last posted its earnings results on Thursday, October 26th. The restaurant operator reported $0.95 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.10). The business had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.12 billion. Texas Roadhouse had a net margin of 6.53% and a return on equity of 27.09%. The firm’s revenue was up 12.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.93 earnings per share. On average, sell-side analysts predict that Texas Roadhouse, Inc. will post 4.53 earnings per share for the current year.

Texas Roadhouse Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 26th. Shareholders of record on Wednesday, December 6th will be given a dividend of $0.55 per share. The ex-dividend date is Tuesday, December 5th. This represents a $2.20 annualized dividend and a yield of 2.01%. Texas Roadhouse’s dividend payout ratio (DPR) is presently 50.69%.

About Texas Roadhouse

Texas Roadhouse, Inc, together with its subsidiaries, operates casual dining restaurants in the United States and internationally. The company 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.