MetLife Investment Advisors LLC lifted its stake in shares of Texas Roadhouse Inc (NASDAQ:TXRH) by 2.8% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 72,161 shares of the restaurant operator’s stock after acquiring an additional 1,983 shares during the period. MetLife Investment Advisors LLC owned 0.10% of Texas Roadhouse worth $4,727,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Marshall Wace LLP grew its position in shares of Texas Roadhouse by 854.3% during the second quarter. Marshall Wace LLP now owns 124,389 shares of the restaurant operator’s stock worth $8,149,000 after buying an additional 111,354 shares in the last quarter. Vident Investment Advisory LLC grew its position in shares of Texas Roadhouse by 12.7% during the second quarter. Vident Investment Advisory LLC now owns 14,840 shares of the restaurant operator’s stock worth $972,000 after buying an additional 1,674 shares in the last quarter. Cubist Systematic Strategies LLC grew its position in shares of Texas Roadhouse by 496.4% during the second quarter. Cubist Systematic Strategies LLC now owns 15,960 shares of the restaurant operator’s stock worth $1,046,000 after buying an additional 13,284 shares in the last quarter. Point72 Asset Management L.P. grew its position in shares of Texas Roadhouse by 86.8% during the second quarter. Point72 Asset Management L.P. now owns 142,100 shares of the restaurant operator’s stock worth $9,309,000 after buying an additional 66,041 shares in the last quarter. Finally, Bank of America Corp DE grew its position in shares of Texas Roadhouse by 2.7% during the second quarter. Bank of America Corp DE now owns 508,175 shares of the restaurant operator’s stock worth $33,290,000 after buying an additional 13,203 shares in the last quarter. Institutional investors and hedge funds own 91.42% of the company’s stock.

TXRH stock opened at $71.83 on Tuesday. The company has a market cap of $5.15 billion, a P/E ratio of 32.62, a price-to-earnings-growth ratio of 2.61 and a beta of 0.63. Texas Roadhouse Inc has a fifty-two week low of $47.51 and a fifty-two week high of $75.24.

Texas Roadhouse (NASDAQ:TXRH) last posted its earnings results on Monday, July 30th. The restaurant operator reported $0.62 earnings per share for the quarter, missing the consensus estimate of $0.67 by ($0.05). The business had revenue of $629.24 million for the quarter, compared to analysts’ expectations of $634.52 million. Texas Roadhouse had a return on equity of 18.15% and a net margin of 6.76%. Texas Roadhouse’s revenue for the quarter was up 11.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.53 EPS. analysts forecast that Texas Roadhouse Inc will post 2.33 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 28th. Investors of record on Wednesday, September 12th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.39%. The ex-dividend date is Tuesday, September 11th. Texas Roadhouse’s payout ratio is 50.76%.

In other Texas Roadhouse news, insider S. Chris Jacobsen sold 1,500 shares of the business’s stock in a transaction that occurred on Friday, September 7th. The stock was sold at an average price of $75.00, for a total value of $112,500.00. Following the completion of the sale, the insider now owns 13,533 shares in the company, valued at $1,014,975. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Tonya Robinson sold 1,023 shares of the business’s stock in a transaction that occurred on Wednesday, August 22nd. The shares were sold at an average price of $67.17, for a total value of $68,714.91. Following the completion of the sale, the chief financial officer now owns 2 shares of the company’s stock, valued at approximately $134.34. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 4,023 shares of company stock valued at $286,215. 5.89% of the stock is owned by company insiders.

TXRH has been the subject of a number of analyst reports. Barclays boosted their price objective on Texas Roadhouse from $70.00 to $72.00 and gave the stock a “$69.18” rating in a research report on Wednesday, July 18th. BidaskClub downgraded Texas Roadhouse from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, July 11th. Stifel Nicolaus boosted their price objective on Texas Roadhouse from $68.00 to $72.00 and gave the stock a “buy” rating in a research report on Thursday, July 12th. Wedbush reissued a “buy” rating and set a $69.00 price objective on shares of Texas Roadhouse in a research report on Wednesday, May 30th. Finally, Mizuho reissued a “buy” rating and set a $72.00 price objective on shares of Texas Roadhouse in a research report on Friday, July 20th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eight have given a buy rating to the stock. Texas Roadhouse presently has an average rating of “Hold” and a consensus price target of $64.02.

Texas Roadhouse Profile

Texas Roadhouse, Inc, together with its subsidiaries, operates casual dining restaurants in the United States and internationally. The company operates and franchises Texas Roadhouse and Bubba's 33 restaurants. As of February 20, 2018, it owned and operated approximately 550 restaurants. Texas Roadhouse, Inc was founded in 1993 and is based in Louisville, Kentucky.

Recommended Story: Diversification Important in Investing

Want to see what other hedge funds are holding TXRH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Texas Roadhouse Inc (NASDAQ:TXRH).

Institutional Ownership by Quarter for Texas Roadhouse (NASDAQ:TXRH)

Receive News & Ratings for Texas Roadhouse Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Texas Roadhouse and related companies with MarketBeat.com's FREE daily email newsletter.