Cascade Investment Advisors Inc. Sells 1,857 Shares of Texas Roadhouse, Inc. $TXRH

Cascade Investment Advisors Inc. decreased its stake in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 15.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,943 shares of the restaurant operator’s stock after selling 1,857 shares during the period. Texas Roadhouse accounts for approximately 1.2% of Cascade Investment Advisors Inc.’s holdings, making the stock its 26th largest position. Cascade Investment Advisors Inc.’s holdings in Texas Roadhouse were worth $1,863,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. GAMMA Investing LLC grew its stake in shares of Texas Roadhouse by 16.1% in the first quarter. GAMMA Investing LLC now owns 1,951 shares of the restaurant operator’s stock valued at $325,000 after buying an additional 271 shares in the last quarter. Fifth Third Bancorp grew its holdings in Texas Roadhouse by 344.7% during the first quarter. Fifth Third Bancorp now owns 2,317 shares of the restaurant operator’s stock worth $386,000 after purchasing an additional 1,796 shares during the period. NorthCrest Asset Manangement LLC bought a new stake in Texas Roadhouse in the first quarter valued at approximately $262,000. Elevation Point Wealth Partners LLC lifted its position in shares of Texas Roadhouse by 132.9% in the first quarter. Elevation Point Wealth Partners LLC now owns 5,575 shares of the restaurant operator’s stock valued at $929,000 after buying an additional 3,181 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its holdings in shares of Texas Roadhouse by 253.5% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 38,086 shares of the restaurant operator’s stock worth $6,346,000 after acquiring an additional 27,312 shares during the last quarter. Institutional investors own 94.82% of the company’s stock.

Insider Activity

In other news, CTO Hernan E. Mujica sold 2,189 shares of the 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. This represents a 11.09% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President Regina A. Tobin sold 3,153 shares of the business’s stock in a transaction on Monday, August 18th. The stock was sold at an average price of $173.53, for a total value of $547,140.09. Following the sale, the president owned 15,261 shares in the company, valued at $2,648,241.33. This represents a 17.12% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 8,342 shares of company stock worth $1,443,704. Insiders own 0.50% of the company’s stock.

Texas Roadhouse Price Performance

Texas Roadhouse stock opened at $163.33 on Monday. Texas Roadhouse, Inc. has a one year low of $148.73 and a one year high of $206.04. The firm has a market cap of $10.85 billion, a PE ratio of 24.94, a price-to-earnings-growth ratio of 2.24 and a beta of 0.82. The stock’s fifty day moving average price is $169.88 and its two-hundred day moving average price is $176.84.

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

Texas Roadhouse Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 2nd were issued a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend was Tuesday, September 2nd. Texas Roadhouse’s dividend payout ratio (DPR) is currently 41.53%.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Barclays lifted their target price on shares of Texas Roadhouse from $175.00 to $189.00 and gave the stock an “equal weight” rating in a report on Thursday, July 17th. Stifel Nicolaus upped their target price on Texas Roadhouse from $180.00 to $188.00 and gave the company a “hold” rating in a research report on Friday, July 25th. Melius initiated coverage on Texas Roadhouse in a research note on Monday, July 14th. They set a “buy” rating and a $235.00 target price on the stock. Weiss Ratings reissued a “buy (b)” rating on shares of Texas Roadhouse in a report on Wednesday, October 8th. Finally, Melius Research raised Texas Roadhouse to a “strong-buy” rating in a report on Monday, July 14th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and eleven have given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $196.00.

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.