Ethic Inc. Sells 90 Shares of Texas Roadhouse, Inc. $TXRH

Ethic Inc. lessened its stake in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 2.3% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 3,783 shares of the restaurant operator’s stock after selling 90 shares during the period. Ethic Inc.’s holdings in Texas Roadhouse were worth $639,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Golden State Wealth Management LLC grew its holdings in Texas Roadhouse by 157.3% during the first quarter. Golden State Wealth Management LLC now owns 4,658 shares of the restaurant operator’s stock valued at $776,000 after purchasing an additional 2,848 shares during the period. Comerica Bank grew its holdings in Texas Roadhouse by 16.0% during the fourth quarter. Comerica Bank now owns 132,914 shares of the restaurant operator’s stock valued at $23,982,000 after purchasing an additional 18,339 shares during the period. Wealth Enhancement Advisory Services LLC grew its holdings in Texas Roadhouse by 253.5% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 38,086 shares of the restaurant operator’s stock valued at $6,346,000 after purchasing an additional 27,312 shares during the period. Brighton Jones LLC bought a new stake in Texas Roadhouse during the first quarter valued at about $499,000. Finally, Running Oak Capital LLC grew its holdings in Texas Roadhouse by 9.3% during the first quarter. Running Oak Capital LLC now owns 89,385 shares of the restaurant operator’s stock valued at $14,933,000 after purchasing an additional 7,628 shares during the period. Institutional investors own 94.82% of the company’s stock.

Insider Activity at Texas Roadhouse

In other Texas Roadhouse news, President Regina A. Tobin sold 3,153 shares of the company’s stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $173.53, for a total transaction of $547,140.09. Following the sale, the president directly owned 15,261 shares in the company, valued at $2,648,241.33. This represents a 17.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Donna E. Epps sold 800 shares of the company’s stock in a transaction that occurred on Friday, May 23rd. The shares were sold at an average price of $186.52, for a total value of $149,216.00. Following the sale, the director owned 4,632 shares in the company, valued at approximately $863,960.64. This trade represents a 14.73% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 6,953 shares of company stock valued at $1,215,536. Insiders own 0.50% of the company’s stock.

Texas Roadhouse Stock Down 1.5%

NASDAQ TXRH opened at $173.23 on Thursday. The business has a 50-day moving average price of $184.64 and a 200-day moving average price of $178.89. Texas Roadhouse, Inc. has a twelve month low of $148.73 and a twelve month high of $206.04. The firm has a market cap of $11.51 billion, a price-to-earnings ratio of 26.45, a price-to-earnings-growth ratio of 2.40 and a beta of 0.86.

Texas Roadhouse (NASDAQ:TXRH) last announced its quarterly earnings results on Thursday, August 7th. The restaurant operator reported $1.86 EPS for the quarter, missing analysts’ consensus estimates of $1.95 by ($0.09). Texas Roadhouse had a net margin of 7.72% and a return on equity of 31.52%. The firm had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.50 billion. During the same period in the previous year, the company posted $1.79 earnings per share. Texas Roadhouse’s quarterly revenue was up 12.7% on a year-over-year basis. Research analysts expect that Texas Roadhouse, Inc. will post 7.23 EPS for the current fiscal year.

Texas Roadhouse Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Tuesday, September 2nd will be paid a dividend of $0.68 per share. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $2.72 dividend on an annualized basis and a yield of 1.6%. Texas Roadhouse’s dividend payout ratio is presently 41.53%.

Analysts Set New Price Targets

TXRH has been the subject of several recent research reports. UBS Group boosted their price target on Texas Roadhouse from $200.00 to $220.00 and gave the company a “buy” rating in a report on Friday, June 6th. Citigroup upped their price objective on Texas Roadhouse from $180.00 to $197.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 29th. Stifel Nicolaus upped their price objective on Texas Roadhouse from $180.00 to $188.00 and gave the stock a “hold” rating in a research note on Friday, July 25th. Stephens upped their price objective on Texas Roadhouse from $184.00 to $190.00 and gave the stock an “equal weight” rating in a research note on Friday, August 8th. Finally, Bank of America upped their price objective on Texas Roadhouse from $203.00 to $219.00 and gave the stock a “buy” rating in a research note on Friday, July 18th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $197.85.

Texas Roadhouse Company Profile

Texas Roadhouse, Inc, together with its subsidiaries, operates casual dining restaurants in the United States and internationally. It also operates and franchises restaurants under the Texas Roadhouse, Bubba's 33, and Jaggers names in 49 states and ten internationally. Texas Roadhouse, Inc was founded in 1993 and is based in Louisville, Kentucky.