Charles Schwab Investment Management Inc. Sells 181,863 Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH)

Charles Schwab Investment Management Inc. decreased its position in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 23.5% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 590,979 shares of the restaurant operator’s stock after selling 181,863 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Texas Roadhouse were worth $104,367,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of TXRH. Marshall Wace LLP increased its position in Texas Roadhouse by 128.9% during the second quarter. Marshall Wace LLP now owns 765,096 shares of the restaurant operator’s stock valued at $131,375,000 after acquiring an additional 430,814 shares during the last quarter. Fiera Capital Corp bought a new position in shares of Texas Roadhouse in the third quarter worth about $41,670,000. AQR Capital Management LLC grew its holdings in shares of Texas Roadhouse by 22.3% in the second quarter. AQR Capital Management LLC now owns 909,847 shares of the restaurant operator’s stock worth $156,230,000 after purchasing an additional 165,738 shares during the last quarter. Jennison Associates LLC grew its holdings in shares of Texas Roadhouse by 29.1% in the third quarter. Jennison Associates LLC now owns 622,561 shares of the restaurant operator’s stock worth $109,944,000 after purchasing an additional 140,439 shares during the last quarter. Finally, Davidson Kempner Capital Management LP bought a new position in shares of Texas Roadhouse in the second quarter worth about $21,462,000. Institutional investors own 94.82% of the company’s stock.

Insider Activity

In other Texas Roadhouse news, CTO Hernan E. Mujica sold 1,500 shares of the firm’s stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $202.26, for a total transaction of $303,390.00. Following the completion of the transaction, the chief technology officer now directly owns 16,342 shares of the company’s stock, valued at approximately $3,305,332.92. This trade represents a 8.41 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Donna E. Epps sold 610 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $195.66, for a total transaction of $119,352.60. Following the transaction, the director now directly owns 3,532 shares of the company’s stock, valued at $691,071.12. This represents a 14.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.50% of the company’s stock.

Texas Roadhouse Stock Performance

TXRH stock opened at $204.71 on Wednesday. Texas Roadhouse, Inc. has a one year low of $110.88 and a one year high of $204.94. The firm has a market cap of $13.66 billion, a price-to-earnings ratio of 35.17, a PEG ratio of 1.66 and a beta of 0.98. The firm has a 50-day simple moving average of $185.06 and a two-hundred day simple moving average of $174.40.

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

Texas Roadhouse Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 10th will be issued a dividend of $0.61 per share. The ex-dividend date is Tuesday, December 10th. This represents a $2.44 annualized dividend and a dividend yield of 1.19%. Texas Roadhouse’s dividend payout ratio (DPR) is currently 41.92%.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Loop Capital cut their price target on shares of Texas Roadhouse from $215.00 to $209.00 and set a “buy” rating on the stock in a report on Monday, October 28th. Stifel Nicolaus upped their price target on shares of Texas Roadhouse from $180.00 to $195.00 and gave the stock a “hold” rating in a report on Friday, October 25th. Citigroup upped their price target on shares of Texas Roadhouse from $192.00 to $201.00 and gave the stock a “buy” rating in a report on Tuesday, October 1st. Royal Bank of Canada upped their price target on shares of Texas Roadhouse from $175.00 to $185.00 and gave the stock a “sector perform” rating in a report on Friday, October 25th. Finally, Truist Financial upped their price objective on shares of Texas Roadhouse from $202.00 to $207.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Twelve investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $189.00.

About Texas Roadhouse

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.