Texas Roadhouse, Inc. $TXRH Shares Sold by Shaker Investments LLC OH

Shaker Investments LLC OH decreased its stake in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 45.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,629 shares of the restaurant operator’s stock after selling 8,683 shares during the period. Shaker Investments LLC OH’s holdings in Texas Roadhouse were worth $1,766,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in TXRH. Alliancebernstein L.P. lifted its stake in Texas Roadhouse by 528.2% in the second quarter. Alliancebernstein L.P. now owns 3,172,738 shares of the restaurant operator’s stock valued at $594,603,000 after buying an additional 2,667,716 shares during the last quarter. Axiom Investors LLC DE increased its holdings in shares of Texas Roadhouse by 3,696.7% in the 1st quarter. Axiom Investors LLC DE now owns 2,173,807 shares of the restaurant operator’s stock worth $362,221,000 after acquiring an additional 2,116,552 shares during the period. AQR Capital Management LLC lifted its position in Texas Roadhouse by 85.7% in the 2nd quarter. AQR Capital Management LLC now owns 2,343,000 shares of the restaurant operator’s stock valued at $439,102,000 after purchasing an additional 1,081,413 shares during the last quarter. Norges Bank bought a new stake in Texas Roadhouse in the 2nd quarter valued at about $159,007,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in Texas Roadhouse by 2,515.2% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 417,045 shares of the restaurant operator’s stock valued at $78,158,000 after purchasing an additional 401,098 shares during the period. 94.82% of the stock is currently owned by institutional investors.

Insider Activity

In related news, Director Hugh J. Carroll sold 1,000 shares of the business’s stock in a transaction that occurred on Thursday, December 4th. The shares were sold at an average price of $167.27, for a total value of $167,270.00. Following the sale, the director directly owned 1,854 shares in the company, valued at $310,118.58. The trade was a 35.04% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Gregory N. Moore sold 1,400 shares of the stock in a transaction that occurred 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 directly owned 32,150 shares of the company’s stock, valued at approximately $5,465,500. This represents a 4.17% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 0.50% of the company’s stock.

Analyst Ratings Changes

TXRH has been the topic of several analyst reports. The Goldman Sachs Group dropped their price target on shares of Texas Roadhouse from $200.00 to $180.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 1st. Wells Fargo & Company raised Texas Roadhouse from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $170.00 to $195.00 in a report on Wednesday, December 17th. Morgan Stanley cut their target price on Texas Roadhouse from $210.00 to $205.00 and set an “overweight” rating on the stock in a research note on Monday, November 10th. Zacks Research lowered Texas Roadhouse from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 22nd. Finally, Mizuho raised Texas Roadhouse to a “strong-buy” rating in a research note on Tuesday, October 28th. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Texas Roadhouse currently has a consensus rating of “Moderate Buy” and an average target price of $194.26.

Texas Roadhouse Stock Performance

Shares of NASDAQ TXRH opened at $170.75 on Friday. The stock has a fifty day moving average price of $169.69 and a two-hundred day moving average price of $174.53. The firm has a market cap of $11.30 billion, a P/E ratio of 26.11, a PEG ratio of 2.78 and a beta of 0.88. Texas Roadhouse, Inc. has a 1 year low of $148.73 and a 1 year high of $199.99.

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

Texas Roadhouse Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 30th. Shareholders of record on Tuesday, December 2nd will be issued a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend is Tuesday, December 2nd. Texas Roadhouse’s dividend payout ratio is presently 41.59%.

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.