Aire Advisors LLC Lowers Stock Position in Texas Roadhouse, Inc. $TXRH

Aire Advisors LLC lessened its holdings in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 2.5% during the second quarter, Holdings Channel.com reports. The firm owned 39,000 shares of the restaurant operator’s stock after selling 1,000 shares during the quarter. Texas Roadhouse makes up 1.4% of Aire Advisors LLC’s investment portfolio, making the stock its 20th largest position. Aire Advisors LLC’s holdings in Texas Roadhouse were worth $7,309,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. WCM Investment Management LLC lifted its position in shares of Texas Roadhouse by 6.0% during the 2nd quarter. WCM Investment Management LLC now owns 96,155 shares of the restaurant operator’s stock valued at $18,052,000 after acquiring an additional 5,435 shares during the period. Cypress Wealth Services LLC acquired a new stake in shares of Texas Roadhouse during the 2nd quarter valued at approximately $204,000. Bayforest Capital Ltd lifted its position in shares of Texas Roadhouse by 40.5% during the 2nd quarter. Bayforest Capital Ltd now owns 2,053 shares of the restaurant operator’s stock valued at $385,000 after acquiring an additional 592 shares during the period. Sagespring Wealth Partners LLC acquired a new stake in shares of Texas Roadhouse during the 2nd quarter valued at approximately $217,000. Finally, Boston Trust Walden Corp lifted its position in shares of Texas Roadhouse by 7.8% during the 2nd quarter. Boston Trust Walden Corp now owns 239,056 shares of the restaurant operator’s stock valued at $44,802,000 after acquiring an additional 17,316 shares during the period. Hedge funds and other institutional investors own 94.82% of the company’s stock.

Texas Roadhouse Price Performance

Shares of Texas Roadhouse stock opened at $172.53 on Thursday. Texas Roadhouse, Inc. has a 1 year low of $148.73 and a 1 year high of $206.04. The company has a market capitalization of $11.46 billion, a P/E ratio of 26.34, a P/E/G ratio of 2.51 and a beta of 0.82. The business has a 50 day moving average price of $169.14 and a 200 day moving average price of $176.77.

Texas Roadhouse (NASDAQ:TXRH) last issued its quarterly earnings data on Thursday, August 7th. The restaurant operator reported $1.86 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.95 by ($0.09). The company had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.50 billion. Texas Roadhouse had a return on equity of 31.52% and a net margin of 7.72%.The company’s revenue for the quarter was up 12.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.79 earnings per share. As a group, research analysts expect that Texas Roadhouse, Inc. will post 7.23 EPS for the current fiscal year.

Texas Roadhouse Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 2nd were issued a $0.68 dividend. The ex-dividend date was Tuesday, September 2nd. This represents a $2.72 annualized dividend and a yield of 1.6%. Texas Roadhouse’s payout ratio is 41.53%.

Analyst Ratings Changes

A number of research firms have recently issued reports on TXRH. Evercore ISI downgraded shares of Texas Roadhouse from an “outperform” rating to an “in-line” rating and set a $190.00 price target for the company. in a research report on Thursday, September 4th. Bank of America lifted their price target on shares of Texas Roadhouse from $203.00 to $219.00 and gave the company a “buy” rating in a research report on Friday, July 18th. Stephens set a $175.00 price target on shares of Texas Roadhouse in a research report on Monday. The Goldman Sachs Group reduced their price target on shares of Texas Roadhouse from $200.00 to $180.00 and set a “neutral” rating for the company in a research report on Wednesday, October 1st. Finally, JPMorgan Chase & Co. reduced their price target on shares of Texas Roadhouse from $200.00 to $182.00 and set a “neutral” rating for the company in a research report on Tuesday, October 7th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and eleven have given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $195.25.

Insider Buying and Selling at Texas Roadhouse

In other Texas Roadhouse news, CTO Hernan E. Mujica sold 2,189 shares of the business’s stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $172.40, for a total value of $377,383.60. Following the completion of the transaction, the chief technology officer directly owned 17,553 shares in the company, valued at approximately $3,026,137.20. The trade was a 11.09% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Gregory N. Moore sold 3,000 shares of the business’s stock in a transaction on Monday, August 18th. The shares were sold at an average price of $173.06, for a total value of $519,180.00. Following the completion of the transaction, the director owned 34,550 shares of the company’s stock, valued at $5,979,223. This trade represents a 7.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 8,342 shares of company stock worth $1,443,704. Insiders own 0.50% of the company’s stock.

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.