Allspring Global Investments Holdings LLC Sells 8,874 Shares of Texas Roadhouse, Inc. $TXRH

Allspring Global Investments Holdings LLC cut its holdings in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 84.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,660 shares of the restaurant operator’s stock after selling 8,874 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Texas Roadhouse were worth $314,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of TXRH. Farther Finance Advisors LLC lifted its holdings in shares of 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 purchasing an additional 58 shares during the last quarter. Advisory Alpha LLC lifted its stake in shares of Texas Roadhouse by 3.0% during the 1st quarter. Advisory Alpha LLC now owns 2,063 shares of the restaurant operator’s stock valued at $344,000 after buying an additional 60 shares in the last quarter. Dakota Wealth Management lifted its stake in shares of Texas Roadhouse by 3.8% during the 2nd quarter. Dakota Wealth Management now owns 1,675 shares of the restaurant operator’s stock valued at $314,000 after buying an additional 61 shares in the last quarter. Valeo Financial Advisors LLC lifted its stake in Texas Roadhouse by 2.3% in the 1st quarter. Valeo Financial Advisors LLC now owns 2,750 shares of the restaurant operator’s stock worth $458,000 after purchasing an additional 62 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund lifted its stake in Texas Roadhouse by 0.5% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 13,627 shares of the restaurant operator’s stock worth $2,271,000 after purchasing an additional 66 shares in the last quarter. 94.82% of the stock is currently owned by hedge funds and other institutional investors.

Texas Roadhouse Trading Down 0.5%

NASDAQ:TXRH opened at $175.54 on Friday. The company’s 50-day moving average price is $169.29 and its 200-day moving average price is $177.59. The company has a market cap of $11.66 billion, a P/E ratio of 26.80, a P/E/G ratio of 2.60 and a beta of 0.82. Texas Roadhouse, Inc. has a twelve month low of $148.73 and a twelve month high of $206.04.

Texas Roadhouse (NASDAQ:TXRH) last posted its quarterly earnings results 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). Texas Roadhouse had a return on equity of 31.52% and a net margin of 7.72%.The business had revenue of $1.51 billion during the quarter, compared to analysts’ expectations of $1.50 billion. During the same period in the prior year, the business posted $1.79 earnings per share. The business’s quarterly revenue was up 12.7% on a year-over-year basis. On average, analysts expect that Texas Roadhouse, Inc. will post 7.23 earnings per share for the current year.

Texas Roadhouse Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 2nd were paid a dividend of $0.68 per share. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $2.72 dividend on an annualized basis and a yield of 1.5%. Texas Roadhouse’s payout ratio is 41.53%.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Zacks Research downgraded shares of Texas Roadhouse from a “hold” rating to a “strong sell” rating in a report on Wednesday. Stifel Nicolaus upped their price target on shares of Texas Roadhouse from $180.00 to $188.00 and gave the stock a “hold” rating in a research report on Friday, July 25th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Texas Roadhouse in a research report on Friday. Barclays decreased their target price on shares of Texas Roadhouse from $189.00 to $187.00 and set an “equal weight” rating for the company in a research report on Wednesday. Finally, Melius Research raised shares of Texas Roadhouse to a “strong-buy” rating in a report on Monday, July 14th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Texas Roadhouse has an average rating of “Moderate Buy” and a consensus target price of $197.16.

Insider Buying and Selling at Texas Roadhouse

In other Texas Roadhouse news, CTO Hernan E. Mujica sold 2,189 shares of Texas Roadhouse stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $172.40, for a total transaction of $377,383.60. Following the completion of the sale, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Gregory N. Moore sold 3,000 shares of Texas Roadhouse stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $173.06, for a total transaction of $519,180.00. Following the sale, the director owned 34,550 shares of the company’s stock, valued at approximately $5,979,223. This represents a 7.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 8,342 shares of company stock worth $1,443,704 over the last three months. Insiders own 0.50% of the company’s stock.

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.