Texas Roadhouse, Inc. $TXRH Shares Sold by American Century Companies Inc.

American Century Companies Inc. reduced its stake in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 4.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 309,218 shares of the restaurant operator’s stock after selling 14,619 shares during the quarter. American Century Companies Inc. owned 0.47% of Texas Roadhouse worth $51,377,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Symphony Financial Ltd. Co. acquired a new stake in shares of Texas Roadhouse during the second quarter valued at $28,465,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in Texas Roadhouse by 2,515.2% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 417,045 shares of the restaurant operator’s stock valued at $78,158,000 after purchasing an additional 401,098 shares in the last quarter. Caprock Group LLC acquired a new stake in shares of Texas Roadhouse during the 3rd quarter worth about $1,070,000. Westfield Capital Management Co. LP grew its holdings in shares of Texas Roadhouse by 0.5% during the second quarter. Westfield Capital Management Co. LP now owns 705,622 shares of the restaurant operator’s stock worth $132,241,000 after buying an additional 3,574 shares in the last quarter. Finally, Bfsg LLC raised its position in shares of Texas Roadhouse by 111.1% in the third quarter. Bfsg LLC now owns 29,798 shares of the restaurant operator’s stock valued at $4,951,000 after buying an additional 15,682 shares during the last quarter. 94.82% of the stock is currently owned by institutional investors and hedge funds.

Texas Roadhouse Trading Down 2.0%

Shares of TXRH opened at $175.04 on Friday. Texas Roadhouse, Inc. has a twelve month low of $148.73 and a twelve month high of $199.99. The firm has a market capitalization of $11.58 billion, a P/E ratio of 28.74, a price-to-earnings-growth ratio of 1.94 and a beta of 0.86. The stock’s fifty day simple moving average is $182.51 and its 200 day simple moving average is $173.72.

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

Texas Roadhouse Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders 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 yield of 1.7%. This is a positive change from Texas Roadhouse’s previous quarterly dividend of $0.68. The ex-dividend date of this dividend is Tuesday, March 17th. Texas Roadhouse’s dividend payout ratio is presently 44.66%.

Insider Transactions at Texas Roadhouse

In other Texas Roadhouse news, CEO Gerald L. Morgan sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 20th. The shares were sold at an average price of $196.00, for a total transaction of $980,000.00. Following the completion of the sale, the chief executive officer directly owned 91,774 shares in the company, valued at $17,987,704. The trade was a 5.17% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.50% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

TXRH has been the subject of several recent analyst reports. KeyCorp reaffirmed a “sector weight” rating on shares of Texas Roadhouse in a research note on Friday, February 20th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Texas Roadhouse in a research report on Monday, December 29th. TD Cowen initiated coverage on Texas Roadhouse in a research note on Tuesday, January 20th. They issued a “buy” rating and a $215.00 target price for the company. Citigroup decreased their price target on Texas Roadhouse from $190.00 to $184.00 and set a “neutral” rating on the stock in a research note on Friday, February 20th. Finally, UBS Group restated a “buy” rating on shares of Texas Roadhouse in a report on Monday, November 10th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and thirteen have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Texas Roadhouse presently has an average rating of “Moderate Buy” and a consensus price target of $196.55.

About Texas Roadhouse

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.