Edgestream Partners L.P. Sells 8,485 Shares of Texas Roadhouse, Inc. $TXRH

Edgestream Partners L.P. reduced its position in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 28.2% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 21,655 shares of the restaurant operator’s stock after selling 8,485 shares during the period. Edgestream Partners L.P.’s holdings in Texas Roadhouse were worth $3,576,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in the company. Bull Harbor Capital LLC bought a new position in shares of Texas Roadhouse during the 1st quarter worth $1,277,000. Amundi increased its holdings in Texas Roadhouse by 106.7% in the 1st quarter. Amundi now owns 44,408 shares of the restaurant operator’s stock worth $7,334,000 after acquiring an additional 22,924 shares during the last quarter. EverSource Wealth Advisors LLC raised its stake in Texas Roadhouse by 86.5% in the 1st quarter. EverSource Wealth Advisors LLC now owns 2,631 shares of the restaurant operator’s stock valued at $435,000 after acquiring an additional 1,220 shares during the period. California State Teachers Retirement System raised its stake in Texas Roadhouse by 17.1% in the 1st quarter. California State Teachers Retirement System now owns 77,125 shares of the restaurant operator’s stock valued at $12,736,000 after acquiring an additional 11,268 shares during the period. Finally, Empowered Funds LLC lifted its holdings in Texas Roadhouse by 323.6% during the first quarter. Empowered Funds LLC now owns 2,317 shares of the restaurant operator’s stock valued at $383,000 after purchasing an additional 1,770 shares during the last quarter. 94.82% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, Director Gregory N. Moore sold 1,250 shares of the firm’s stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $178.14, for a total value of $222,675.00. Following the sale, the director directly owned 30,900 shares of the company’s stock, valued at $5,504,526. This trade represents a 3.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Lloyd Paul Marshall sold 1,000 shares of Texas Roadhouse stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of $178.34, for a total transaction of $178,340.00. Following the sale, the insider owned 10,326 shares of the company’s stock, valued at approximately $1,841,538.84. The trade was a 8.83% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 6,154 shares of company stock valued at $1,115,864 in the last 90 days. 0.50% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on TXRH shares. Deutsche Bank Aktiengesellschaft increased their target price on shares of Texas Roadhouse from $200.00 to $212.00 and gave the stock a “buy” rating in a research report on Thursday, July 9th. BMO Capital Markets upped their price target on shares of Texas Roadhouse from $165.00 to $180.00 and gave the company a “market perform” rating in a research note on Thursday, May 21st. Citigroup dropped their price target on shares of Texas Roadhouse from $176.00 to $174.00 and set a “neutral” rating on the stock in a research note on Friday, May 8th. Wall Street Zen raised shares of Texas Roadhouse from a “sell” rating to a “hold” rating in a report on Sunday, May 10th. Finally, Wells Fargo & Company lifted their price objective on shares of Texas Roadhouse from $200.00 to $220.00 and gave the company an “overweight” rating in a research note on Thursday, July 16th. Ten equities research analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $196.40.

Texas Roadhouse Price Performance

Texas Roadhouse stock opened at $205.44 on Friday. Texas Roadhouse, Inc. has a 52 week low of $153.82 and a 52 week high of $210.24. The business has a 50-day simple moving average of $184.71 and a 200 day simple moving average of $178.28. The company has a quick ratio of 0.40, a current ratio of 0.46 and a debt-to-equity ratio of 0.03. The stock has a market cap of $13.50 billion, a price-to-earnings ratio of 32.82, a PEG ratio of 2.27 and a beta of 0.78.

Texas Roadhouse (NASDAQ:TXRH) last announced its earnings results on Thursday, May 7th. The restaurant operator reported $1.87 earnings per share for the quarter, topping analysts’ consensus estimates of $1.80 by $0.07. Texas Roadhouse had a return on equity of 27.86% and a net margin of 6.85%.The business had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.64 billion. During the same period in the prior year, the company earned $1.70 EPS. The company’s quarterly revenue was up 10.5% compared to the same quarter last year. On average, research analysts forecast that Texas Roadhouse, Inc. will post 6.45 earnings per share for the current fiscal year.

Texas Roadhouse Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 2nd were given a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 1.5%. The ex-dividend date was Tuesday, June 2nd. Texas Roadhouse’s dividend payout ratio is 47.92%.

Texas Roadhouse Company Profile

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.