Texas Roadhouse, Inc. $TXRH Shares Sold by Aquatic Capital Management LLC

Aquatic Capital Management LLC reduced its stake in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 27.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 40,481 shares of the restaurant operator’s stock after selling 15,680 shares during the period. Aquatic Capital Management LLC owned approximately 0.06% of Texas Roadhouse worth $6,726,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Caldwell Trust Co acquired a new stake in Texas Roadhouse in the 2nd quarter valued at about $28,000. Root Financial Partners LLC purchased a new stake in shares of Texas Roadhouse during the third quarter worth approximately $36,000. Salomon & Ludwin LLC increased its stake in shares of Texas Roadhouse by 37.2% during the third quarter. Salomon & Ludwin LLC now owns 299 shares of the restaurant operator’s stock worth $50,000 after buying an additional 81 shares during the period. LRI Investments LLC raised its holdings in Texas Roadhouse by 100.0% in the third quarter. LRI Investments LLC now owns 300 shares of the restaurant operator’s stock valued at $50,000 after acquiring an additional 150 shares in the last quarter. Finally, Parkside Financial Bank & Trust raised its holdings in Texas Roadhouse by 100.6% in the third quarter. Parkside Financial Bank & Trust now owns 355 shares of the restaurant operator’s stock valued at $59,000 after acquiring an additional 178 shares in the last quarter. 94.82% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have commented on TXRH. Weiss Ratings reiterated a “buy (b-)” rating on shares of Texas Roadhouse in a report on Monday, December 29th. BMO Capital Markets reaffirmed a “market perform” rating and set a $165.00 price objective on shares of Texas Roadhouse in a research report on Friday, February 20th. Morgan Stanley lowered their target price on shares of Texas Roadhouse from $208.00 to $202.00 and set an “overweight” rating for the company in a research note on Monday, February 23rd. The Goldman Sachs Group raised their price target on Texas Roadhouse from $175.00 to $200.00 and gave the company a “neutral” rating in a research note on Wednesday, January 28th. Finally, Citigroup decreased their price target on Texas Roadhouse from $190.00 to $184.00 and set a “neutral” rating for the company in a report on Friday, February 20th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and thirteen have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $196.55.

Insider Buying and Selling at Texas Roadhouse

In related news, CTO Hernan E. Mujica sold 5,000 shares of the stock in a transaction on Friday, March 13th. The shares were sold at an average price of $170.00, for a total transaction of $850,000.00. Following the completion of the sale, the chief technology officer owned 15,552 shares in the company, valued at $2,643,840. This represents a 24.33% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Donna E. Epps sold 850 shares of Texas Roadhouse stock in a transaction on Friday, March 6th. The shares were sold at an average price of $172.45, for a total transaction of $146,582.50. Following the completion of the transaction, the director owned 4,892 shares in the company, valued at approximately $843,625.40. This represents a 14.80% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 17,550 shares of company stock valued at $3,203,936. 0.50% of the stock is currently owned by insiders.

Texas Roadhouse Stock Performance

Shares of TXRH stock opened at $170.24 on Monday. The stock’s 50-day moving average is $182.87 and its two-hundred day moving average is $173.54. Texas Roadhouse, Inc. has a 1 year low of $148.73 and a 1 year high of $199.99. The firm has a market cap of $11.26 billion, a price-to-earnings ratio of 27.95, a PEG ratio of 1.84 and a beta of 0.86.

Texas Roadhouse (NASDAQ:TXRH) last announced its earnings results on Thursday, February 19th. The restaurant operator reported $1.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.53 by ($0.25). The firm had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.50 billion. Texas Roadhouse had a net margin of 6.90% and a return on equity of 27.88%. The firm’s revenue for the quarter was up 3.1% compared to the same quarter last year. During the same period last year, the company earned $1.73 earnings per share. As a group, research analysts predict that Texas Roadhouse, Inc. will post 7.23 EPS for the current year.

Texas Roadhouse Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 17th will be given a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.8%. This is a boost from Texas Roadhouse’s previous quarterly dividend of $0.68. The ex-dividend date is Tuesday, March 17th. Texas Roadhouse’s payout ratio is 44.66%.

Texas Roadhouse 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.