Texas Roadhouse, Inc. $TXRH Stock Holdings Reduced by Aire Advisors LLC

Aire Advisors LLC cut its position in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 10.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,000 shares of the restaurant operator’s stock after selling 4,000 shares during the period. Texas Roadhouse accounts for about 1.1% of Aire Advisors LLC’s investment portfolio, making the stock its 25th largest position. Aire Advisors LLC owned approximately 0.05% of Texas Roadhouse worth $5,780,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the company. AQR Capital Management LLC increased its stake in shares of Texas Roadhouse by 27.4% in the fourth quarter. AQR Capital Management LLC now owns 2,674,102 shares of the restaurant operator’s stock worth $443,901,000 after purchasing an additional 575,685 shares during the period. Capital World Investors increased its position in Texas Roadhouse by 13.4% during the fourth quarter. Capital World Investors now owns 2,537,290 shares of the restaurant operator’s stock worth $421,190,000 after acquiring an additional 300,405 shares during the period. UBS Group AG boosted its holdings in Texas Roadhouse by 60.4% in the 4th quarter. UBS Group AG now owns 1,387,454 shares of the restaurant operator’s stock valued at $230,317,000 after purchasing an additional 522,509 shares during the period. Geode Capital Management LLC grew its position in Texas Roadhouse by 1.9% in the 4th quarter. Geode Capital Management LLC now owns 1,367,120 shares of the restaurant operator’s stock worth $226,984,000 after purchasing an additional 24,834 shares during the last quarter. Finally, Wellington Management Group LLP increased its holdings in shares of Texas Roadhouse by 228.4% during the 4th quarter. Wellington Management Group LLP now owns 1,329,052 shares of the restaurant operator’s stock worth $220,623,000 after purchasing an additional 924,306 shares during the period. 94.82% of the stock is currently owned by institutional investors and hedge funds.

Texas Roadhouse Stock Performance

Shares of NASDAQ:TXRH opened at $197.03 on Friday. The company has a current ratio of 0.46, a quick ratio of 0.40 and a debt-to-equity ratio of 0.03. Texas Roadhouse, Inc. has a 1-year low of $153.82 and a 1-year high of $200.11. The stock has a market capitalization of $12.95 billion, a P/E ratio of 31.47, a P/E/G ratio of 2.11 and a beta of 0.78. The business has a 50-day moving average price of $180.54 and a two-hundred day moving average price of $176.47.

Texas Roadhouse (NASDAQ:TXRH) last issued its earnings results on Thursday, May 7th. The restaurant operator reported $1.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.80 by $0.07. Texas Roadhouse had a net margin of 6.85% and a return on equity of 27.86%. The company had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.64 billion. During the same quarter last year, the firm earned $1.70 EPS. The company’s revenue for the quarter was up 10.5% on a year-over-year basis. Equities analysts predict that Texas Roadhouse, Inc. will post 6.44 earnings per share for the current year.

Texas Roadhouse Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 2nd were given a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 1.5%. The ex-dividend date was Tuesday, June 2nd. Texas Roadhouse’s dividend payout ratio (DPR) is currently 47.92%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on TXRH shares. Barclays reduced their target price on shares of Texas Roadhouse from $188.00 to $175.00 and set an “equal weight” rating for the company in a research note on Friday, May 8th. TD Cowen boosted their price objective on Texas Roadhouse from $192.00 to $205.00 and gave the company a “buy” rating in a research report on Wednesday, May 27th. JPMorgan Chase & Co. raised their target price on Texas Roadhouse from $182.00 to $188.00 and gave the stock a “neutral” rating in a research report on Thursday, May 14th. Stifel Nicolaus boosted their price target on shares of Texas Roadhouse from $170.00 to $180.00 and gave the company a “hold” rating in a report on Tuesday, May 12th. Finally, Morgan Stanley reissued an “overweight” rating and issued a $201.00 price target on shares of Texas Roadhouse in a research report on Friday, May 8th. Ten equities research analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the stock. According to MarketBeat.com, Texas Roadhouse has a consensus rating of “Hold” and an average target price of $194.90.

Insider Buying and Selling at Texas Roadhouse

In related news, insider Christopher C. Colson sold 499 shares of the company’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $179.22, for a total value of $89,430.78. Following the completion of the sale, the insider owned 14,500 shares in the company, valued at approximately $2,598,690. This represents a 3.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Lloyd Paul Marshall sold 1,000 shares of the stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $178.34, for a total value of $178,340.00. Following the completion of the transaction, the insider directly owned 10,326 shares in the company, valued at $1,841,538.84. The trade was a 8.83% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 6,154 shares of company stock valued at $1,115,864 over the last quarter. 0.50% of the stock is owned by corporate insiders.

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.