Today: Neuberger Berman Group LLC decides to keep it stake in Texas Roadhouse Inc (TXRH) to the level of $93,930,000

Today: Neuberger Berman Group LLC decides to keep it stake in Texas Roadhouse Inc (TXRH) to the level of $93,930,000

Neuberger Berman Group LLC reduced its position in Texas Roadhouse Inc (NASDAQ:TXRH) by 2.2% during the third quarter, Holdings Channel reports. The firm owned 2,406,614 shares of the company’s stock after selling 52,905 shares during the period. Neuberger Berman Group LLC owned about 3.42% of Texas Roadhouse worth $93,930,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in TXRH. Van Hulzen Asset Management LLC bought a new position in Texas Roadhouse during the second quarter valued at $102,000. Advisor Group Inc. bought a new position in Texas Roadhouse during the second quarter valued at $102,000. Creative Planning increased its position in Texas Roadhouse by 31.2% in the second quarter. Creative Planning now owns 2,481 shares of the company’s stock valued at $113,000 after buying an additional 590 shares during the period. IFP Advisors Inc increased its position in Texas Roadhouse by 9.3% in the second quarter. IFP Advisors Inc now owns 3,179 shares of the company’s stock valued at $145,000 after buying an additional 271 shares during the period. Finally, Victory Capital Management Inc. increased its position in Texas Roadhouse by 22.4% in the second quarter. Victory Capital Management Inc. now owns 3,347 shares of the company’s stock valued at $153,000 after buying an additional 613 shares during the period. Hedge funds and other institutional investors own 88.33% of the company’s stock.

Texas Roadhouse Inc (NASDAQ:TXRH) traded down 0.13% during mid-day trading on Monday, reaching $47.91. 456,261 shares of the company traded hands. The stock has a 50-day moving average of $41.35 and a 200 day moving average of $43.79. Texas Roadhouse Inc has a 52-week low of $33.80 and a 52-week high of $48.99. The stock has a market capitalization of $3.38 billion, a PE ratio of 28.86 and a beta of 0.50.

Texas Roadhouse (NASDAQ:TXRH) last announced its quarterly earnings results on Tuesday, November 1st. The company reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by $0.01. Texas Roadhouse had a net margin of 6.01% and a return on equity of 17.05%. The business earned $481.64 million during the quarter, compared to analysts’ expectations of $483.97 million. During the same period last year, the company earned $0.29 EPS. The firm’s revenue for the quarter was down 58.5% on a year-over-year basis. Equities research analysts expect that Texas Roadhouse Inc will post $1.77 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 30th. Shareholders of record on Wednesday, December 14th will be issued a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 1.58%. The ex-dividend date is Monday, December 12th. Texas Roadhouse’s dividend payout ratio (DPR) is presently 46.06%.

Several research firms recently weighed in on TXRH. Robert W. Baird restated a “neutral” rating on shares of Texas Roadhouse in a research report on Thursday, September 8th. BTIG Research restated a “neutral” rating on shares of Texas Roadhouse in a research report on Tuesday, August 2nd. Telsey Advisory Group reduced their price target on shares of Texas Roadhouse from $48.00 to $46.00 and set a “market perform” rating for the company in a research report on Wednesday, November 2nd. Credit Suisse Group AG restated a “hold” rating and set a $42.00 price target on shares of Texas Roadhouse in a research report on Tuesday, August 2nd. Finally, Canaccord Genuity initiated coverage on shares of Texas Roadhouse in a research report on Monday, August 22nd. They set a “hold” rating and a $48.00 price target for the company. Two equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and four have given a buy rating to the stock. The company currently 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 that occurred on Thursday, November 10th. The shares were sold at an average price of $44.55, for a total transaction of $4,455,000.00. Following the transaction, the chief executive officer now owns 4,127,152 shares of the company’s stock, valued at $183,864,621.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider S. Chris Jacobsen sold 5,996 shares of the company’s stock in a transaction that occurred on Wednesday, November 9th. The shares were sold at an average price of $42.00, for a total transaction of $251,832.00. Following the transaction, 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 company insiders.

Texas Roadhouse Company Profile

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.

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