Texas Roadhouse, Inc. $TXRH Shares Sold by Strs Ohio

Strs Ohio trimmed its holdings in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 35.7% during the third quarter, Holdings Channel reports. The institutional investor owned 20,883 shares of the restaurant operator’s stock after selling 11,599 shares during the period. Strs Ohio’s holdings in Texas Roadhouse were worth $3,470,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC increased its stake in shares of Texas Roadhouse by 22.8% during the 2nd quarter. Farther Finance Advisors LLC now owns 312 shares of the restaurant operator’s stock valued at $59,000 after acquiring an additional 58 shares during the last quarter. Dakota Wealth Management grew its holdings in Texas Roadhouse by 3.8% in the second quarter. Dakota Wealth Management now owns 1,675 shares of the restaurant operator’s stock valued at $314,000 after purchasing an additional 61 shares during the period. Insight Wealth Partners LLC increased its position in Texas Roadhouse by 4.3% during the second quarter. Insight Wealth Partners LLC now owns 1,855 shares of the restaurant operator’s stock worth $348,000 after purchasing an additional 76 shares during the last quarter. NewEdge Advisors LLC increased its position in Texas Roadhouse by 3.1% during the second quarter. NewEdge Advisors LLC now owns 2,499 shares of the restaurant operator’s stock worth $468,000 after purchasing an additional 76 shares during the last quarter. Finally, Salomon & Ludwin LLC raised its stake in 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 purchasing an additional 81 shares during the period. Hedge funds and other institutional investors own 94.82% of the company’s stock.

Insider Activity at Texas Roadhouse

In related news, Director Gregory N. Moore sold 1,400 shares of Texas Roadhouse stock in a transaction on Wednesday, December 3rd. The shares were sold at an average price of $170.00, for a total transaction of $238,000.00. Following the sale, the director owned 32,150 shares of the company’s stock, valued at $5,465,500. The trade was a 4.17% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Gerald L. Morgan sold 5,000 shares of the business’s stock in a transaction on Tuesday, January 20th. The stock was sold at an average price of $196.00, for a total transaction of $980,000.00. Following the completion of the transaction, the chief executive officer owned 91,774 shares in the company, valued at $17,987,704. This represents a 5.17% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 12,400 shares of company stock valued at $2,320,920. Corporate insiders own 0.50% of the company’s stock.

Texas Roadhouse Stock Performance

TXRH stock opened at $186.14 on Tuesday. The firm has a market cap of $12.31 billion, a P/E ratio of 28.46, a price-to-earnings-growth ratio of 2.99 and a beta of 0.89. Texas Roadhouse, Inc. has a 1 year low of $148.73 and a 1 year high of $199.99. The stock has a 50-day simple moving average of $175.52 and a 200-day simple moving average of $173.58.

Texas Roadhouse (NASDAQ:TXRH) last released its quarterly earnings results on Thursday, November 6th. The restaurant operator reported $1.25 EPS for the quarter, missing the consensus estimate of $1.28 by ($0.03). Texas Roadhouse had a return on equity of 30.59% and a net margin of 7.49%.The company had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.43 billion. During the same period last year, the firm posted $1.26 earnings per share. The business’s revenue was up 12.8% on a year-over-year basis. On average, equities research analysts predict that Texas Roadhouse, Inc. will post 7.23 EPS for the current year.

Texas Roadhouse Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 30th. Stockholders of record on Tuesday, December 2nd were paid a $0.68 dividend. The ex-dividend date was Tuesday, December 2nd. This represents a $2.72 annualized dividend and a dividend yield of 1.5%. Texas Roadhouse’s dividend payout ratio is 41.59%.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. Stephens lowered their price objective on shares of Texas Roadhouse from $175.00 to $168.00 and set an “equal weight” rating for the company in a research note on Friday, November 7th. TD Cowen began coverage on Texas Roadhouse in a research report on Tuesday, January 20th. They set a “buy” rating and a $215.00 price target for the company. Morgan Stanley raised their price objective on Texas Roadhouse from $205.00 to $208.00 and gave the stock an “overweight” rating in a report on Tuesday, January 20th. Barclays boosted their target price on Texas Roadhouse from $170.00 to $185.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 7th. Finally, Sanford C. Bernstein set a $185.00 price target on shares of Texas Roadhouse in a report on Wednesday, January 7th. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat, Texas Roadhouse currently has an average rating of “Moderate Buy” and a consensus price target of $196.33.

Texas Roadhouse Company 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.