US Bancorp DE Sells 2,652 Shares of Texas Roadhouse, Inc. $TXRH

US Bancorp DE decreased its stake in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 15.8% in the 2nd quarter, Holdings Channel.com reports. The firm owned 14,099 shares of the restaurant operator’s stock after selling 2,652 shares during the quarter. US Bancorp DE’s holdings in Texas Roadhouse were worth $2,642,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in TXRH. GAMMA Investing LLC lifted its stake in Texas Roadhouse by 16.1% in the 1st quarter. GAMMA Investing LLC now owns 1,951 shares of the restaurant operator’s stock valued at $325,000 after purchasing an additional 271 shares during the last quarter. Fifth Third Bancorp raised its stake in shares of Texas Roadhouse by 344.7% during the first quarter. Fifth Third Bancorp now owns 2,317 shares of the restaurant operator’s stock valued at $386,000 after acquiring an additional 1,796 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in shares of Texas Roadhouse by 253.5% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 38,086 shares of the restaurant operator’s stock valued at $6,346,000 after acquiring an additional 27,312 shares during the last quarter. Brighton Jones LLC bought a new position in shares of Texas Roadhouse during the first quarter valued at $499,000. Finally, Janney Montgomery Scott LLC raised its stake in shares of Texas Roadhouse by 65.1% during the first quarter. Janney Montgomery Scott LLC now owns 8,499 shares of the restaurant operator’s stock valued at $1,416,000 after acquiring an additional 3,352 shares during the last quarter. Institutional investors own 94.82% of the company’s stock.

Texas Roadhouse Stock Down 1.2%

Shares of NASDAQ TXRH opened at $169.83 on Wednesday. Texas Roadhouse, Inc. has a twelve month low of $148.73 and a twelve month high of $206.04. The firm has a fifty day simple moving average of $169.37 and a 200 day simple moving average of $176.80. The company has a market capitalization of $11.29 billion, a PE ratio of 25.93, a P/E/G ratio of 2.55 and a beta of 0.82.

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

Texas Roadhouse Dividend Announcement

The business 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. This represents a $2.72 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date was Tuesday, September 2nd. Texas Roadhouse’s dividend payout ratio (DPR) is presently 41.53%.

Insiders Place Their Bets

In other Texas Roadhouse news, Director Gregory N. Moore sold 3,000 shares of the firm’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 sale, the director directly owned 34,550 shares in the company, valued at approximately $5,979,223. This trade represents a 7.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, President Regina A. Tobin sold 3,153 shares of Texas Roadhouse stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $173.53, for a total transaction of $547,140.09. Following the transaction, the president owned 15,261 shares of the company’s stock, valued at $2,648,241.33. This represents a 17.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 8,342 shares of company stock worth $1,443,704. 0.50% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. 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 note on Thursday, September 4th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Texas Roadhouse in a research note on Tuesday, July 15th. Stifel Nicolaus raised their price target on shares of Texas Roadhouse from $180.00 to $188.00 and gave the company a “hold” rating in a research note on Friday, July 25th. Guggenheim reaffirmed a “buy” rating and set a $210.00 price target on shares of Texas Roadhouse in a research note on Tuesday, September 16th. Finally, Citigroup lifted their target price on shares of Texas Roadhouse from $180.00 to $197.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 29th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and eleven have issued a Hold rating to the stock. According to MarketBeat, Texas Roadhouse currently has a consensus rating of “Moderate Buy” and an average target price of $195.25.

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.