Texas Roadhouse, Inc. (NASDAQ:TXRH) Shares Sold by Royce & Associates LP

Royce & Associates LP trimmed its stake in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 25.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,000 shares of the restaurant operator’s stock after selling 5,500 shares during the quarter. Royce & Associates LP’s holdings in Texas Roadhouse were worth $2,826,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of TXRH. CIBC Asset Management Inc boosted its stake in shares of Texas Roadhouse by 3.3% in the 3rd quarter. CIBC Asset Management Inc now owns 1,952 shares of the restaurant operator’s stock valued at $345,000 after buying an additional 62 shares during the period. PSI Advisors LLC grew its holdings in Texas Roadhouse by 70.8% during the 3rd quarter. PSI Advisors LLC now owns 181 shares of the restaurant operator’s stock worth $32,000 after acquiring an additional 75 shares in the last quarter. Angeles Wealth Management LLC increased its position in shares of Texas Roadhouse by 5.4% in the 3rd quarter. Angeles Wealth Management LLC now owns 1,469 shares of the restaurant operator’s stock valued at $259,000 after purchasing an additional 75 shares during the last quarter. Benjamin F. Edwards & Company Inc. increased its position in shares of Texas Roadhouse by 12.9% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 743 shares of the restaurant operator’s stock valued at $128,000 after purchasing an additional 85 shares during the last quarter. Finally, Gries Financial LLC raised its holdings in shares of Texas Roadhouse by 6.5% in the 2nd quarter. Gries Financial LLC now owns 1,876 shares of the restaurant operator’s stock valued at $322,000 after purchasing an additional 114 shares in the last quarter. 94.82% of the stock is owned by institutional investors and hedge funds.

Texas Roadhouse Stock Performance

TXRH stock opened at $195.77 on Tuesday. Texas Roadhouse, Inc. has a one year low of $109.13 and a one year high of $203.32. The company has a fifty day moving average of $180.28 and a 200-day moving average of $172.83. The stock has a market capitalization of $13.06 billion, a PE ratio of 33.64, a price-to-earnings-growth ratio of 1.69 and a beta of 0.98.

Texas Roadhouse (NASDAQ:TXRH) last announced its quarterly earnings data on Thursday, October 24th. The restaurant operator reported $1.26 EPS for the quarter, missing analysts’ consensus estimates of $1.32 by ($0.06). Texas Roadhouse had a net margin of 7.65% and a return on equity of 31.33%. The firm had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.27 billion. During the same quarter in the previous year, the business earned $0.95 EPS. Texas Roadhouse’s revenue for the quarter was up 13.5% on a year-over-year basis. Equities analysts forecast that Texas Roadhouse, Inc. will post 6.39 earnings per share for the current fiscal year.

Texas Roadhouse Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 10th will be paid a $0.61 dividend. The ex-dividend date is Tuesday, December 10th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.25%. Texas Roadhouse’s dividend payout ratio (DPR) is presently 41.92%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on TXRH. Bank of America increased their target price on Texas Roadhouse from $206.00 to $234.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. BTIG Research raised 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. Stephens boosted their target price on Texas Roadhouse from $170.00 to $176.00 and gave the stock an “equal weight” rating in a research note on Monday, July 29th. Wedbush increased their price target on shares of Texas Roadhouse from $190.00 to $200.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. Finally, Barclays boosted their price objective on shares of Texas Roadhouse from $160.00 to $175.00 and gave the stock an “equal weight” rating in a research report on Friday, October 25th. Twelve equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $189.00.

Insider Buying and Selling

In related news, CTO Hernan E. Mujica sold 1,500 shares of the business’s stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $202.26, for a total transaction of $303,390.00. Following the sale, the chief technology officer now owns 16,342 shares of the company’s stock, valued at approximately $3,305,332.92. The trade was a 8.41 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Donna E. Epps sold 610 shares of the stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $195.66, for a total transaction of $119,352.60. Following the completion of the transaction, the director now directly owns 3,532 shares of the company’s stock, valued at approximately $691,071.12. This trade represents a 14.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.50% of the stock is currently owned by corporate insiders.

Texas Roadhouse Company 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.