Texas Roadhouse, Inc. $TXRH Position Reduced by Hsbc Holdings PLC

Hsbc Holdings PLC reduced its stake in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 22.9% in the 4th quarter, Holdings Channel.com reports. The fund owned 8,826 shares of the restaurant operator’s stock after selling 2,625 shares during the quarter. Hsbc Holdings PLC’s holdings in Texas Roadhouse were worth $1,467,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Elyxium Wealth LLC acquired a new stake in shares of Texas Roadhouse in the 4th quarter valued at about $25,000. Princeton Global Asset Management LLC bought a new position in shares of Texas Roadhouse during the fourth quarter worth about $31,000. Measured Wealth Private Client Group LLC acquired a new position in Texas Roadhouse in the third quarter worth about $33,000. Garton & Associates Financial Advisors LLC acquired a new position in Texas Roadhouse in the fourth quarter worth about $34,000. Finally, TD Private Client Wealth LLC increased its holdings in Texas Roadhouse by 137.5% in the fourth quarter. TD Private Client Wealth LLC now owns 266 shares of the restaurant operator’s stock valued at $44,000 after buying an additional 154 shares during the last quarter. Institutional investors own 94.82% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on TXRH shares. Citigroup decreased their target price on Texas Roadhouse from $176.00 to $174.00 and set a “neutral” rating for the company in a research report on Friday, May 8th. JPMorgan Chase & Co. increased their target price on shares of Texas Roadhouse from $182.00 to $188.00 and gave the stock a “neutral” rating in a report on Thursday, May 14th. Guggenheim reaffirmed a “buy” rating and set a $210.00 price objective on shares of Texas Roadhouse in a research report on Monday, May 18th. TD Cowen raised their target price on Texas Roadhouse from $192.00 to $205.00 and gave the company a “buy” rating in a research note on Wednesday, May 27th. Finally, Stifel Nicolaus boosted their price objective on Texas Roadhouse from $170.00 to $180.00 and gave the stock a “hold” rating in a research report on Tuesday, May 12th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and fourteen have assigned a Hold rating to the stock. Based on data from MarketBeat, Texas Roadhouse has a consensus rating of “Hold” and a consensus target price of $196.36.

Texas Roadhouse Trading Down 0.3%

Texas Roadhouse stock opened at $193.23 on Wednesday. The firm’s 50 day moving average price is $172.87 and its two-hundred day moving average price is $174.67. The firm has a market cap of $12.70 billion, a price-to-earnings ratio of 30.87, a price-to-earnings-growth ratio of 2.12 and a beta of 0.79. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.40 and a current ratio of 0.46. Texas Roadhouse, Inc. has a 1 year low of $153.82 and a 1 year high of $197.00.

Texas Roadhouse (NASDAQ:TXRH) last announced its earnings results on Thursday, May 7th. The restaurant operator reported $1.87 EPS for the quarter, beating the consensus estimate of $1.80 by $0.07. The business had revenue of $1.63 billion during the quarter, compared to the consensus estimate of $1.64 billion. Texas Roadhouse had a return on equity of 27.86% and a net margin of 6.85%.Texas Roadhouse’s revenue was up 10.5% compared to the same quarter last year. During the same period in the prior year, the business posted $1.70 earnings per share. On average, research analysts predict that Texas Roadhouse, Inc. will post 6.42 EPS for the current fiscal year.

Texas Roadhouse Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 2nd were issued a dividend of $0.75 per share. The ex-dividend date was Tuesday, June 2nd. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.6%. Texas Roadhouse’s payout ratio is currently 47.92%.

Insider Buying and Selling at Texas Roadhouse

In other Texas Roadhouse news, insider Lloyd Paul Marshall sold 1,000 shares of the firm’s stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $178.34, for a total transaction of $178,340.00. Following the completion of the sale, the insider directly owned 10,326 shares in the company, valued at approximately $1,841,538.84. This trade represents a 8.83% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Christopher C. Colson sold 499 shares of Texas Roadhouse stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $179.22, for a total transaction of $89,430.78. Following the sale, the insider directly owned 14,500 shares of the company’s stock, valued at $2,598,690. This trade represents a 3.33% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 5,728 shares of company stock valued at $1,033,847 over the last three months. 0.50% of the stock is owned by 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.