UBS Group AG Sells 8,147 Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH)

UBS Group AG decreased its holdings in shares of Texas Roadhouse, Inc. (NASDAQ:TXRHFree Report) by 13.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 50,447 shares of the restaurant operator’s stock after selling 8,147 shares during the period. UBS Group AG owned 0.08% of Texas Roadhouse worth $6,166,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Operose Advisors LLC bought a new stake in shares of Texas Roadhouse during the 3rd quarter valued at about $28,000. TFC Financial Management Inc. raised its stake in Texas Roadhouse by 100.0% during the 4th quarter. TFC Financial Management Inc. now owns 580 shares of the restaurant operator’s stock worth $71,000 after buying an additional 290 shares during the period. Benjamin F. Edwards & Company Inc. acquired a new position in Texas Roadhouse during the 4th quarter worth approximately $81,000. GAMMA Investing LLC acquired a new position in Texas Roadhouse during the 4th quarter worth approximately $88,000. Finally, Headlands Technologies LLC acquired a new position in Texas Roadhouse during the 3rd quarter worth approximately $96,000. Institutional investors own 94.82% of the company’s stock.

Insider Buying and Selling at Texas Roadhouse

In other news, CEO Gerald L. Morgan sold 15,000 shares of the firm’s stock in a transaction on Tuesday, May 28th. The stock was sold at an average price of $171.70, for a total value of $2,575,500.00. Following the completion of the transaction, the chief executive officer now directly owns 77,847 shares of the company’s stock, valued at $13,366,329.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CEO Gerald L. Morgan sold 15,000 shares of the firm’s stock in a transaction on Tuesday, May 28th. The stock was sold at an average price of $171.70, for a total value of $2,575,500.00. Following the completion of the transaction, the chief executive officer now directly owns 77,847 shares of the company’s stock, valued at $13,366,329.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CTO Hernan E. Mujica sold 3,000 shares of the firm’s stock in a transaction on Monday, May 20th. The stock was sold at an average price of $168.60, for a total value of $505,800.00. Following the completion of the transaction, the chief technology officer now directly owns 17,842 shares of the company’s stock, valued at $3,008,161.20. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 19,025 shares of company stock valued at $3,251,266. Company insiders own 0.50% of the company’s stock.

Texas Roadhouse Trading Down 0.5 %

Shares of NASDAQ TXRH opened at $170.16 on Friday. The stock has a fifty day simple moving average of $160.70 and a two-hundred day simple moving average of $140.69. Texas Roadhouse, Inc. has a 1-year low of $91.06 and a 1-year high of $174.05. The firm has a market cap of $11.36 billion, a price-to-earnings ratio of 34.45, a price-to-earnings-growth ratio of 1.64 and a beta of 1.00.

Texas Roadhouse (NASDAQ:TXRHGet Free Report) last announced its quarterly earnings data on Thursday, May 2nd. The restaurant operator reported $1.69 earnings per share for the quarter, beating the consensus estimate of $1.65 by $0.04. Texas Roadhouse had a return on equity of 28.85% and a net margin of 6.94%. The business had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.32 billion. During the same period in the prior year, the company earned $1.28 earnings per share. Texas Roadhouse’s revenue was up 12.5% compared to the same quarter last year. Analysts forecast that Texas Roadhouse, Inc. will post 6.02 EPS for the current year.

Texas Roadhouse Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 25th. Shareholders of record on Wednesday, June 12th will be issued a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a yield of 1.43%. The ex-dividend date of this dividend is Wednesday, June 12th. Texas Roadhouse’s dividend payout ratio (DPR) is 49.39%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on TXRH shares. Benchmark started coverage on Texas Roadhouse in a research note on Wednesday, April 10th. They set a “hold” rating on the stock. Citigroup upped their price target on Texas Roadhouse from $178.00 to $183.00 and gave the stock a “buy” rating in a research note on Friday, May 3rd. BMO Capital Markets increased their price objective on Texas Roadhouse from $130.00 to $145.00 and gave the stock a “market perform” rating in a research note on Friday, May 3rd. Barclays increased their price objective on Texas Roadhouse from $138.00 to $160.00 and gave the stock an “equal weight” rating in a research note on Friday, May 3rd. Finally, Northcoast Research downgraded Texas Roadhouse from a “buy” rating to a “neutral” rating in a research note on Tuesday, February 20th. Thirteen analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, Texas Roadhouse presently has a consensus rating of “Hold” and a consensus price target of $157.32.

Check Out Our Latest Report on Texas Roadhouse

About Texas Roadhouse

(Free Report)

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.

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Institutional Ownership by Quarter for Texas Roadhouse (NASDAQ:TXRH)

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