Texas Roadhouse, Inc. $TXRH Shares Sold by Shaker Investments LLC OH

Shaker Investments LLC OH cut its stake in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 45.0% during the third quarter, Holdings Channel reports. The firm owned 10,629 shares of the restaurant operator’s stock after selling 8,683 shares during the quarter. Shaker Investments LLC OH’s holdings in Texas Roadhouse were worth $1,766,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Alliancebernstein L.P. increased its stake in Texas Roadhouse by 528.2% in the 2nd quarter. Alliancebernstein L.P. now owns 3,172,738 shares of the restaurant operator’s stock worth $594,603,000 after purchasing an additional 2,667,716 shares in the last quarter. Invesco Ltd. boosted its holdings in shares of Texas Roadhouse by 17.2% in the second quarter. Invesco Ltd. now owns 2,603,729 shares of the restaurant operator’s stock worth $487,965,000 after buying an additional 382,699 shares during the period. AQR Capital Management LLC boosted its holdings in shares of Texas Roadhouse by 85.7% in the second quarter. AQR Capital Management LLC now owns 2,343,000 shares of the restaurant operator’s stock worth $439,102,000 after buying an additional 1,081,413 shares during the period. Axiom Investors LLC DE increased its position in shares of Texas Roadhouse by 3,696.7% in the first quarter. Axiom Investors LLC DE now owns 2,173,807 shares of the restaurant operator’s stock worth $362,221,000 after acquiring an additional 2,116,552 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in shares of Texas Roadhouse by 1.5% in the second quarter. Geode Capital Management LLC now owns 1,302,021 shares of the restaurant operator’s stock worth $244,048,000 after acquiring an additional 19,296 shares in the last quarter. Institutional investors and hedge funds own 94.82% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Mizuho upgraded shares of Texas Roadhouse to a “strong-buy” rating in a research report on Tuesday, October 28th. UBS Group restated a “buy” rating on shares of Texas Roadhouse in a report on Monday, November 10th. Guggenheim reiterated a “buy” rating and set a $210.00 price target on shares of Texas Roadhouse in a report on Tuesday, September 16th. JPMorgan Chase & Co. dropped their price target on Texas Roadhouse from $200.00 to $182.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 7th. Finally, Evercore ISI lowered Texas Roadhouse from an “outperform” rating to an “in-line” rating and set a $190.00 price objective for the company. in a research report on Thursday, September 4th. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Texas Roadhouse has a consensus rating of “Moderate Buy” and an average price target of $194.26.

Insider Buying and Selling

In other Texas Roadhouse news, Director Hugh J. Carroll sold 1,000 shares of the business’s stock in a transaction that occurred on Thursday, December 4th. The shares were sold at an average price of $167.27, for a total value of $167,270.00. Following the completion of the sale, the director directly owned 1,854 shares of the company’s stock, valued at $310,118.58. The trade was a 35.04% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Gregory N. Moore sold 1,400 shares of the stock in a transaction on Wednesday, December 3rd. The stock was sold at an average price of $170.00, for a total transaction of $238,000.00. Following the transaction, the director owned 32,150 shares in the company, valued at approximately $5,465,500. This trade represents a 4.17% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.50% of the company’s stock.

Texas Roadhouse Trading Down 0.0%

Shares of NASDAQ:TXRH opened at $170.75 on Friday. Texas Roadhouse, Inc. has a 1 year low of $148.73 and a 1 year high of $199.99. The business has a fifty day simple moving average of $169.69 and a 200 day simple moving average of $174.53. The firm has a market cap of $11.30 billion, a price-to-earnings ratio of 26.11, a P/E/G ratio of 2.78 and a beta of 0.88.

Texas Roadhouse (NASDAQ:TXRH) last issued its earnings results on Thursday, November 6th. The restaurant operator reported $1.25 EPS for the quarter, missing analysts’ consensus estimates of $1.28 by ($0.03). Texas Roadhouse had a net margin of 7.49% and a return on equity of 30.59%. The firm had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.43 billion. During the same quarter last year, the firm earned $1.26 EPS. The business’s revenue for the quarter was up 12.8% compared to the same quarter last year. On average, sell-side analysts forecast that Texas Roadhouse, Inc. will post 7.23 EPS for the current year.

Texas Roadhouse Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 30th. Investors of record on Tuesday, December 2nd will be paid a $0.68 dividend. The ex-dividend date of this dividend is Tuesday, December 2nd. This represents a $2.72 annualized dividend and a dividend yield of 1.6%. Texas Roadhouse’s payout ratio is presently 41.59%.

About Texas Roadhouse

Texas Roadhouse, Inc is a casual dining restaurant chain specializing in hand?cut steaks, fall?off?the?bone ribs, chicken, seafood and house specialties. Each restaurant features a Western?themed décor, open kitchens and a signature line dance presentation of fresh, made?from?scratch sides and breads. The company emphasizes an energetic dining experience, focusing on hospitality, value and a family?friendly environment.

The concept was created in 1993 by founder Kent Taylor, who sought to combine high?quality steaks with an approachable, community?oriented atmosphere.