FCG Investment Co Trims Holdings in Texas Roadhouse, Inc. (NASDAQ:TXRH)

FCG Investment Co lessened its holdings in Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 72.7% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,581 shares of the restaurant operator's stock after selling 4,208 shares during the period. FCG Investment Co's holdings in Texas Roadhouse were worth $279,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Marshall Wace LLP boosted its stake in shares of Texas Roadhouse by 128.9% during 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 increased its position in 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 buying an additional 165,738 shares in the last quarter. Davidson Kempner Capital Management LP purchased a new stake in Texas Roadhouse in the second quarter worth about $21,462,000. Millennium Management LLC raised its stake in shares of Texas Roadhouse by 25.0% in the second quarter. Millennium Management LLC now owns 583,009 shares of the restaurant operator's stock worth $100,108,000 after buying an additional 116,721 shares during the period. Finally, Bahl & Gaynor Inc. lifted its position in shares of Texas Roadhouse by 3,259.4% during the 1st 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 in the last quarter. Hedge funds and other institutional investors own 94.82% of the company's stock.

Analyst Ratings Changes

Several brokerages have weighed in on TXRH. Evercore ISI lifted their price target on shares of Texas Roadhouse from $195.00 to $200.00 and gave the company an "outperform" rating in a report on Tuesday, October 15th. Citigroup lifted their target price on shares of Texas Roadhouse from $192.00 to $201.00 and gave the company a "buy" rating in a research note on Tuesday, October 1st. Loop Capital cut their price target on Texas Roadhouse from $215.00 to $209.00 and set a "buy" rating for the company in a research note on Monday. Robert W. Baird boosted their price objective on Texas Roadhouse from $190.00 to $205.00 and gave the company an "outperform" rating in a research report on Friday. Finally, BTIG Research increased their target price on Texas Roadhouse from $175.00 to $190.00 and gave the stock a "buy" rating in a research report on Friday, July 26th. Twelve equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. Based on data from MarketBeat, Texas Roadhouse has a consensus rating of "Hold" and a consensus price target of $189.00.

Texas Roadhouse Trading Up 0.4 %

Shares of TXRH traded up $0.73 during trading hours on Monday, hitting $188.11. The company had a trading volume of 825,950 shares, compared to its average volume of 772,714. Texas Roadhouse, Inc. has a one year low of $98.18 and a one year high of $189.97. The company's fifty day moving average price is $172.41 and its two-hundred day moving average price is $168.59. The company has a market capitalization of $12.54 billion, a PE ratio of 32.34, a price-to-earnings-growth ratio of 1.59 and a beta of 0.99.

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

Texas Roadhouse Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 24th. Investors of record on Wednesday, September 4th were paid a dividend of $0.61 per share. The ex-dividend date of this dividend was Wednesday, September 4th. This represents a $2.44 annualized dividend and a yield of 1.30%. Texas Roadhouse's dividend payout ratio (DPR) is 41.92%.

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.