Texas Roadhouse, Inc. $TXRH Holdings Lowered by Braun Stacey Associates Inc.

Braun Stacey Associates Inc. decreased its stake in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 8.5% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 125,764 shares of the restaurant operator’s stock after selling 11,632 shares during the quarter. Braun Stacey Associates Inc. owned 0.19% of Texas Roadhouse worth $20,896,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Axiom Investors LLC DE lifted its position in shares of Texas Roadhouse by 3,696.7% in the 1st quarter. Axiom Investors LLC DE now owns 2,173,807 shares of the restaurant operator’s stock valued at $362,221,000 after acquiring an additional 2,116,552 shares in the last quarter. Roundview Capital LLC acquired a new stake in Texas Roadhouse during the 2nd quarter valued at $1,482,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in shares of Texas Roadhouse by 2,515.2% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 417,045 shares of the restaurant operator’s stock worth $78,158,000 after buying an additional 401,098 shares during the period. Symphony Financial Ltd. Co. purchased a new position in shares of Texas Roadhouse during the second quarter valued at $28,465,000. Finally, NorthRock Partners LLC acquired a new position in Texas Roadhouse during the second quarter valued at $276,000. Institutional investors and hedge funds own 94.82% of the company’s stock.

Insider Buying and Selling at Texas Roadhouse

In other news, Director Hugh J. Carroll sold 1,000 shares of Texas Roadhouse stock in a transaction dated Thursday, December 4th. The stock was sold at an average price of $167.27, for a total value of $167,270.00. Following the transaction, the director directly owned 1,854 shares in the company, valued at approximately $310,118.58. The trade was a 35.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Gregory N. Moore sold 1,400 shares of the business’s stock in a transaction dated Wednesday, December 3rd. The stock was sold at an average price of $170.00, for a total value of $238,000.00. Following the transaction, the director directly owned 32,150 shares of the company’s stock, valued at $5,465,500. This represents a 4.17% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 0.50% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on TXRH. UBS Group restated a “buy” rating on shares of Texas Roadhouse in a research report on Monday, November 10th. Evercore ISI lowered shares of Texas Roadhouse from an “outperform” rating to an “in-line” rating and set a $190.00 price objective on the stock. in a research note on Thursday, September 4th. The Goldman Sachs Group decreased their target price on shares of Texas Roadhouse from $200.00 to $180.00 and set a “neutral” rating for the company in a research note on Wednesday, October 1st. Barclays cut their price objective on Texas Roadhouse from $187.00 to $170.00 and set an “equal weight” rating for the company in a report on Friday, November 7th. Finally, Mizuho raised Texas Roadhouse to a “strong-buy” rating in a research report on Tuesday, October 28th. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $194.26.

Texas Roadhouse Stock Performance

TXRH opened at $166.00 on Friday. The company has a market cap of $10.98 billion, a PE ratio of 25.38, a price-to-earnings-growth ratio of 2.70 and a beta of 0.89. The stock has a 50-day moving average of $168.80 and a 200-day moving average of $174.09. Texas Roadhouse, Inc. has a 52-week low of $148.73 and a 52-week high of $199.99.

Texas Roadhouse (NASDAQ:TXRH) last posted its earnings results on Thursday, November 6th. The restaurant operator reported $1.25 earnings per share for the quarter, missing the consensus estimate of $1.28 by ($0.03). Texas Roadhouse had a return on equity of 30.59% and a net margin of 7.49%.The company had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.43 billion. During the same quarter last year, the firm posted $1.26 earnings per share. The firm’s revenue for the quarter was up 12.8% compared to the same quarter last year. On average, research analysts predict that Texas Roadhouse, Inc. will post 7.23 earnings per share for the current year.

Texas Roadhouse Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 30th. Investors of record on Tuesday, December 2nd were paid a $0.68 dividend. The ex-dividend date was Tuesday, December 2nd. This represents a $2.72 dividend on an annualized basis and a yield of 1.6%. Texas Roadhouse’s dividend payout ratio (DPR) is presently 41.59%.

Texas Roadhouse Company Profile

Texas Roadhouse, Inc is a casual dining restaurant chain specializing in hand‐cut steaks, fall‐off‐the‐bone ribs, chicken, seafood and house specialties. Each restaurant features a Western‐themed décor, open kitchens and a signature line dance presentation of fresh, made‐from‐scratch sides and breads. The company emphasizes an energetic dining experience, focusing on hospitality, value and a family‐friendly environment.

The concept was created in 1993 by founder Kent Taylor, who sought to combine high‐quality steaks with an approachable, community‐oriented atmosphere.