Fifth Third Bancorp Sells 1,082 Shares of Texas Roadhouse, Inc. $TXRH

Fifth Third Bancorp lowered its stake in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 46.7% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,235 shares of the restaurant operator’s stock after selling 1,082 shares during the quarter. Fifth Third Bancorp’s holdings in Texas Roadhouse were worth $231,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Brooklyn Investment Group grew its position in Texas Roadhouse by 478.6% during the first quarter. Brooklyn Investment Group now owns 162 shares of the restaurant operator’s stock valued at $27,000 after buying an additional 134 shares during the period. Bogart Wealth LLC bought a new position in Texas Roadhouse during the first quarter valued at about $33,000. WPG Advisers LLC bought a new position in Texas Roadhouse during the first quarter valued at about $59,000. Farther Finance Advisors LLC grew its position in Texas Roadhouse by 22.8% during the second quarter. Farther Finance Advisors LLC now owns 312 shares of the restaurant operator’s stock valued at $59,000 after buying an additional 58 shares during the period. Finally, Park Place Capital Corp grew its position in Texas Roadhouse by 459.1% during the first quarter. Park Place Capital Corp now owns 369 shares of the restaurant operator’s stock valued at $61,000 after buying an additional 303 shares during the period. Institutional investors own 94.82% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Morgan Stanley increased their target price on shares of Texas Roadhouse from $200.00 to $205.00 and gave the stock an “overweight” rating in a research report on Monday, July 14th. Stephens boosted their price target on shares of Texas Roadhouse from $184.00 to $190.00 and gave the company an “equal weight” rating in a research report on Friday, August 8th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Texas Roadhouse in a research report on Tuesday, July 15th. Bank of America boosted their price target on shares of Texas Roadhouse from $203.00 to $219.00 and gave the company a “buy” rating in a research report on Friday, July 18th. Finally, Evercore ISI lowered shares of Texas Roadhouse from an “outperform” rating to an “in-line” rating and set a $190.00 price target on the stock. in a research report on Thursday, September 4th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and eleven have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $197.35.

Insiders Place Their Bets

In other Texas Roadhouse news, President Regina A. Tobin sold 3,153 shares of Texas Roadhouse stock in a transaction that occurred on 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 directly owned 15,261 shares of the company’s stock, valued at approximately $2,648,241.33. This trade represents a 17.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CTO Hernan E. Mujica sold 2,189 shares of Texas Roadhouse stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $172.40, for a total transaction of $377,383.60. Following the transaction, the chief technology officer directly owned 17,553 shares in the company, valued at $3,026,137.20. This trade represents a 11.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 8,342 shares of company stock valued at $1,443,704. 0.50% of the stock is currently owned by corporate insiders.

Texas Roadhouse Trading Down 0.4%

TXRH stock opened at $166.15 on Wednesday. The company’s 50 day moving average is $173.11 and its 200 day moving average is $177.20. The stock has a market cap of $11.04 billion, a price-to-earnings ratio of 25.37, a price-to-earnings-growth ratio of 2.28 and a beta of 0.84. Texas Roadhouse, Inc. has a 1-year low of $148.73 and a 1-year high of $206.04.

Texas Roadhouse (NASDAQ:TXRH) last posted its quarterly earnings data on Thursday, August 7th. The restaurant operator reported $1.86 earnings per share for the quarter, missing the consensus estimate of $1.95 by ($0.09). The company had revenue of $1.51 billion during 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%.The firm’s revenue for the quarter was up 12.7% on a year-over-year basis. During the same quarter last year, the company posted $1.79 earnings per share. As a group, sell-side analysts forecast that Texas Roadhouse, Inc. will post 7.23 EPS for the current fiscal year.

Texas Roadhouse Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Tuesday, September 2nd were given a $0.68 dividend. This represents a $2.72 annualized dividend and a dividend yield of 1.6%. The ex-dividend date was Tuesday, September 2nd. Texas Roadhouse’s dividend payout ratio is 41.53%.

Texas Roadhouse Company 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.