Atria Investments Inc Cuts Stock Position in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Atria Investments Inc lowered its position in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 5.6% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,625 shares of the restaurant operator’s stock after selling 155 shares during the period. Atria Investments Inc’s holdings in Texas Roadhouse were worth $463,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Marshall Wace LLP boosted its stake in Texas Roadhouse by 128.9% in the 2nd quarter. Marshall Wace LLP now owns 765,096 shares of the restaurant operator’s stock worth $131,375,000 after purchasing an additional 430,814 shares in the last quarter. Fiera Capital Corp acquired a new stake in Texas Roadhouse in the 3rd quarter worth approximately $41,670,000. AQR Capital Management LLC boosted its stake in Texas Roadhouse by 22.3% in the 2nd 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 in the last quarter. Davidson Kempner Capital Management LP acquired a new stake in Texas Roadhouse in the 2nd quarter worth approximately $21,462,000. Finally, Millennium Management LLC boosted its stake in Texas Roadhouse by 25.0% in the 2nd quarter. Millennium Management LLC now owns 583,009 shares of the restaurant operator’s stock worth $100,108,000 after purchasing an additional 116,721 shares in the last quarter. Hedge funds and other 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 company’s stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $202.26, for a total value of $303,390.00. Following the transaction, the chief technology officer now owns 16,342 shares of the company’s stock, valued at $3,305,332.92. This represents a 8.41 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Donna E. Epps sold 610 shares of the company’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $195.66, for a total transaction of $119,352.60. Following the completion of the transaction, the director now directly owns 3,532 shares in the company, valued at $691,071.12. The trade was a 14.73 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.50% of the company’s stock.

Texas Roadhouse Stock Down 0.1 %

Texas Roadhouse stock opened at $193.41 on Thursday. Texas Roadhouse, Inc. has a 52-week low of $109.86 and a 52-week high of $203.32. The firm has a market capitalization of $12.90 billion, a price-to-earnings ratio of 33.23, a PEG ratio of 1.69 and a beta of 0.98. The company has a fifty day simple moving average of $181.64 and a 200-day simple moving average of $173.31.

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

Texas Roadhouse Dividend Announcement

The firm also recently announced 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. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date of this dividend is Tuesday, December 10th. Texas Roadhouse’s payout ratio is 41.92%.

Analyst Ratings Changes

TXRH has been the subject of a number of recent analyst reports. Bank of America lifted their target price on shares of Texas Roadhouse from $206.00 to $234.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. BMO Capital Markets lifted their price objective on shares of Texas Roadhouse from $155.00 to $162.00 and gave the company a “market perform” rating in a research note on Friday, October 25th. JPMorgan Chase & Co. decreased their price objective on shares of Texas Roadhouse from $184.00 to $180.00 and set a “neutral” rating for the company in a research note on Monday, July 29th. Evercore ISI lifted their price objective on shares of Texas Roadhouse from $195.00 to $200.00 and gave the company an “outperform” rating in a research note on Tuesday, October 15th. Finally, Truist Financial lifted their price objective on shares of Texas Roadhouse from $202.00 to $207.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Twelve equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, Texas Roadhouse currently has a consensus rating of “Hold” and a consensus target price of $189.00.

Texas Roadhouse Profile

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.