Advisors Asset Management Inc. reduced its stake in shares of Texas Roadhouse Inc. (NASDAQ:TXRH) by 5.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,338 shares of the company’s stock after selling 1,270 shares during the period. Advisors Asset Management Inc.’s holdings in Texas Roadhouse were worth $911,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in TXRH. Wells Fargo & Company MN increased its stake in shares of Texas Roadhouse by 1.0% in the third quarter. Wells Fargo & Company MN now owns 157,597 shares of the company’s stock valued at $6,150,000 after buying an additional 1,627 shares in the last quarter. Virginia Retirement Systems ET AL increased its stake in shares of Texas Roadhouse by 891.5% in the third quarter. Virginia Retirement Systems ET AL now owns 175,500 shares of the company’s stock valued at $6,850,000 after buying an additional 157,800 shares in the last quarter. Capital Fund Management S.A. acquired a new stake in shares of Texas Roadhouse during the third quarter valued at $1,050,000. Shaker Investments LLC OH increased its stake in shares of Texas Roadhouse by 4.0% in the third quarter. Shaker Investments LLC OH now owns 18,200 shares of the company’s stock valued at $710,000 after buying an additional 700 shares in the last quarter. Finally, Rothschild Asset Management Inc. increased its stake in shares of Texas Roadhouse by 6.0% in the third quarter. Rothschild Asset Management Inc. now owns 529,277 shares of the company’s stock valued at $20,658,000 after buying an additional 30,050 shares in the last quarter. 88.14% of the stock is currently owned by institutional investors.
Shares of Texas Roadhouse Inc. (NASDAQ:TXRH) remained flat at $47.55 during midday trading on Thursday. Texas Roadhouse Inc. has a 1-year low of $33.80 and a 1-year high of $48.99. The stock has a market capitalization of $3.35 billion, a price-to-earnings ratio of 28.64 and a beta of 0.50. The stock’s 50 day moving average is $40.98 and its 200-day moving average is $43.77.
Texas Roadhouse (NASDAQ:TXRH) last announced its quarterly earnings data on Tuesday, November 1st. The company reported $0.36 EPS for the quarter, missing the Zacks’ consensus estimate of $0.37 by $0.01. The company had revenue of $481.64 million for the quarter, compared to analyst estimates of $483.97 million. Texas Roadhouse had a net margin of 6.01% and a return on equity of 17.05%. The firm’s quarterly revenue was down 58.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.29 EPS. On average, equities analysts anticipate that Texas Roadhouse Inc. will post $1.77 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 30th. Investors of record on Wednesday, December 14th will be paid a $0.19 dividend. The ex-dividend date is Monday, December 12th. This represents a $0.76 dividend on an annualized basis and a yield of 1.60%. Texas Roadhouse’s payout ratio is currently 46.06%.
Several analysts have recently weighed in on TXRH shares. Zacks Investment Research upgraded Texas Roadhouse from a “sell” rating to a “hold” rating in a research note on Saturday, July 30th. RBC Capital Markets restated a “sector perform” rating and set a $46.00 target price (up from $44.00) on shares of Texas Roadhouse in a research note on Tuesday, August 2nd. Credit Suisse Group AG restated a “hold” rating and set a $42.00 target price on shares of Texas Roadhouse in a research note on Tuesday, August 2nd. BTIG Research reiterated a “neutral” rating on shares of Texas Roadhouse in a research note on Tuesday, August 2nd. Finally, Jefferies Group reiterated an “underperform” rating and issued a $37.00 price target on shares of Texas Roadhouse in a research note on Monday, August 8th. Two analysts have rated the stock with a sell rating, seventeen have given a hold rating and four have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $44.50.
In related news, CEO Wayne Kent Taylor sold 100,000 shares of the company’s stock in a transaction dated Thursday, November 10th. The shares were sold at an average price of $44.55, for a total value of $4,455,000.00. Following the sale, the chief executive officer now owns 4,127,152 shares of the company’s stock, valued at $183,864,621.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider S. Chris Jacobsen sold 5,996 shares of the company’s stock in a transaction dated Wednesday, November 9th. The shares were sold at an average price of $42.00, for a total transaction of $251,832.00. Following the completion of the sale, the insider now directly owns 13,476 shares in the company, valued at approximately $565,992. The disclosure for this sale can be found here. 7.40% of the stock is currently owned by corporate insiders.
About Texas Roadhouse
Texas Roadhouse, Inc is a restaurant company, which operates in the casual dining segment. The Company offers an assortment of seasoned and aged steaks hand-cut daily on the premises and cooked to order over open grills. In addition to steaks, the Company also offers its guests a selection of ribs, fish, seafood, chicken, pork chops, pulled pork and vegetable plates, and an assortment of hamburgers, salads and sandwiches.