Guggenheim Capital LLC Trims Position in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Guggenheim Capital LLC lessened its holdings in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 3.8% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 7,261 shares of the restaurant operator’s stock after selling 288 shares during the quarter. Guggenheim Capital LLC’s holdings in Texas Roadhouse were worth $785,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. TFC Financial Management Inc. raised its position in shares of Texas Roadhouse by 480.0% in the 1st quarter. TFC Financial Management Inc. now owns 290 shares of the restaurant operator’s stock worth $31,000 after buying an additional 240 shares during the period. Neo Ivy Capital Management purchased a new position in shares of Texas Roadhouse in the 2nd quarter worth $32,000. Coppell Advisory Solutions Corp. purchased a new position in shares of Texas Roadhouse in the 4th quarter worth $44,000. Industrial Alliance Investment Management Inc. raised its position in shares of Texas Roadhouse by 310.5% in the 4th quarter. Industrial Alliance Investment Management Inc. now owns 546 shares of the restaurant operator’s stock worth $50,000 after buying an additional 413 shares during the period. Finally, Global Retirement Partners LLC raised its position in shares of Texas Roadhouse by 18,400.0% in the 1st quarter. Global Retirement Partners LLC now owns 555 shares of the restaurant operator’s stock worth $63,000 after buying an additional 552 shares during the period. Hedge funds and other institutional investors own 97.24% of the company’s stock.

Texas Roadhouse Price Performance

Shares of Texas Roadhouse stock opened at $104.75 on Tuesday. The business has a 50-day moving average of $109.78 and a 200-day moving average of $108.74. The company has a market capitalization of $6.99 billion, a PE ratio of 24.25, a P/E/G ratio of 1.28 and a beta of 0.96. Texas Roadhouse, Inc. has a 1-year low of $83.29 and a 1-year high of $118.16.

Texas Roadhouse (NASDAQ:TXRH) last issued its quarterly earnings results on Thursday, July 27th. The restaurant operator reported $1.22 EPS for the quarter, topping the consensus estimate of $1.21 by $0.01. Texas Roadhouse had a net margin of 6.69% and a return on equity of 27.77%. The business had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.17 billion. During the same quarter last year, the company posted $1.07 earnings per share. The company’s quarterly revenue was up 14.3% compared to the same quarter last year. On average, equities analysts expect that Texas Roadhouse, Inc. will post 4.65 earnings per share for the current fiscal year.

Texas Roadhouse Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 26th. Stockholders of record on Wednesday, September 6th will be given a dividend of $0.55 per share. The ex-dividend date is Tuesday, September 5th. This represents a $2.20 annualized dividend and a dividend yield of 2.10%. Texas Roadhouse’s payout ratio is 50.93%.

Insider Transactions at Texas Roadhouse

In other news, Director Gregory N. Moore sold 2,000 shares of the stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $108.88, for a total transaction of $217,760.00. Following the transaction, the director now owns 49,050 shares of the company’s stock, valued at $5,340,564. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.50% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on TXRH shares. Barclays cut their target price on Texas Roadhouse from $110.00 to $108.00 in a research report on Friday, July 28th. Wells Fargo & Company assumed coverage on Texas Roadhouse in a research report on Monday, June 26th. They issued an “equal weight” rating and a $113.00 target price on the stock. VNET Group reiterated an “initiates” rating on shares of Texas Roadhouse in a report on Monday, June 26th. Wedbush reiterated an “outperform” rating and issued a $123.00 price target on shares of Texas Roadhouse in a report on Friday, July 28th. Finally, StockNews.com assumed coverage on Texas Roadhouse in a report on Thursday, August 17th. They issued a “hold” rating for the company. Eleven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, Texas Roadhouse currently has a consensus rating of “Hold” and an average target price of $118.45.

Texas Roadhouse Profile

Texas Roadhouse, Inc, together with its subsidiaries, operates casual dining restaurants in the United States and internationally. The company 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.