SG Americas Securities LLC Lowers Holdings in Texas Roadhouse, Inc. $TXRH

SG Americas Securities LLC decreased its position in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 13.8% during the first quarter, Holdings Channel.com reports. The institutional investor owned 31,426 shares of the restaurant operator’s stock after selling 5,020 shares during the quarter. SG Americas Securities LLC’s holdings in Texas Roadhouse were worth $5,190,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in TXRH. Oak Thistle LLC purchased a new stake in Texas Roadhouse in the fourth quarter worth about $1,553,000. Capital World Investors increased its position in Texas Roadhouse by 580.2% during the 3rd quarter. Capital World Investors now owns 2,236,885 shares of the restaurant operator’s stock valued at $371,658,000 after purchasing an additional 1,908,033 shares during the period. Jefferies Financial Group Inc. bought a new stake in shares of Texas Roadhouse in the 4th quarter valued at about $977,000. Stephens Investment Management Group LLC raised its holdings in shares of Texas Roadhouse by 98.2% in the 4th quarter. Stephens Investment Management Group LLC now owns 370,225 shares of the restaurant operator’s stock valued at $61,457,000 after purchasing an additional 183,422 shares in the last quarter. Finally, Cinctive Capital Management LP purchased a new stake in shares of Texas Roadhouse in the 3rd quarter worth approximately $18,915,000. Hedge funds and other institutional investors own 94.82% of the company’s stock.

Insiders Place Their Bets

In other news, Director Jane Grote Abell sold 339 shares of the stock in a transaction on Monday, May 18th. The stock was sold at an average price of $177.43, for a total transaction of $60,148.77. Following the completion of the sale, the director owned 2,161 shares in the company, valued at approximately $383,426.23. This represents a 13.56% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Lloyd Paul Marshall sold 1,000 shares of the firm’s stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $178.34, for a total value of $178,340.00. Following the completion of the sale, the insider directly owned 10,326 shares of the company’s stock, valued at $1,841,538.84. The trade was a 8.83% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 5,728 shares of company stock valued at $1,033,847. 0.50% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. Wall Street Zen upgraded shares of Texas Roadhouse from a “sell” rating to a “hold” rating in a research note on Sunday, May 10th. JPMorgan Chase & Co. boosted their price objective on shares of Texas Roadhouse from $182.00 to $188.00 and gave the stock a “neutral” rating in a research note on Thursday, May 14th. Wells Fargo & Company lowered their target price on Texas Roadhouse from $220.00 to $200.00 and set an “overweight” rating for the company in a report on Thursday, April 16th. Citigroup dropped their target price on Texas Roadhouse from $176.00 to $174.00 and set a “neutral” rating on the stock in a research report on Friday, May 8th. Finally, Stifel Nicolaus lifted their price target on Texas Roadhouse from $170.00 to $180.00 and gave the company a “hold” rating in a report on Tuesday, May 12th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and fourteen have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Texas Roadhouse currently has a consensus rating of “Hold” and an average price target of $196.36.

Texas Roadhouse Stock Performance

TXRH stock opened at $196.59 on Monday. Texas Roadhouse, Inc. has a one year low of $153.82 and a one year high of $197.00. The firm has a market cap of $12.92 billion, a price-to-earnings ratio of 31.40, a PEG ratio of 2.15 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. The firm has a 50-day simple moving average of $171.63 and a two-hundred day simple moving average of $174.27.

Texas Roadhouse (NASDAQ:TXRH) last issued its quarterly earnings data on Thursday, May 7th. The restaurant operator reported $1.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.80 by $0.07. The firm had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.64 billion. Texas Roadhouse had a net margin of 6.85% and a return on equity of 27.86%. The company’s quarterly revenue was up 10.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.70 EPS. On average, equities analysts forecast that Texas Roadhouse, Inc. will post 6.42 EPS for the current fiscal year.

Texas Roadhouse Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 2nd will be paid a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 1.5%. The ex-dividend date is Tuesday, June 2nd. Texas Roadhouse’s dividend payout ratio (DPR) is 47.92%.

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.