Y Intercept Hong Kong Ltd Sells 3,260 Shares of Texas Roadhouse, Inc. $TXRH

Y Intercept Hong Kong Ltd lowered its position in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 9.7% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 30,361 shares of the restaurant operator’s stock after selling 3,260 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Texas Roadhouse were worth $5,014,000 as of its most recent SEC filing.

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

Insider Transactions at Texas Roadhouse

In other news, insider Lloyd Paul Marshall sold 1,000 shares of the stock in a transaction that occurred 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 owned 10,326 shares of the company’s stock, valued at approximately $1,841,538.84. This represents a 8.83% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Gregory N. Moore sold 1,250 shares of the firm’s stock in a transaction on Monday, May 11th. The shares were sold at an average price of $178.14, for a total transaction of $222,675.00. Following the completion of the transaction, the director directly owned 30,900 shares of the company’s stock, valued at $5,504,526. This represents a 3.89% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 5,728 shares of company stock valued at $1,033,847. 0.50% of the stock is owned by insiders.

Analyst Ratings Changes

Several research firms have recently weighed in on TXRH. Morgan Stanley reiterated an “overweight” rating and set a $201.00 price objective on shares of Texas Roadhouse in a report on Friday, May 8th. 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 research note on Thursday, April 16th. Wall Street Zen upgraded shares of Texas Roadhouse from a “sell” rating to a “hold” rating in a report on Sunday, May 10th. Royal Bank Of Canada raised shares of Texas Roadhouse from a “sector perform” rating to an “outperform” rating and lifted their price target for the company from $180.00 to $210.00 in a research note on Friday, May 15th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Texas Roadhouse from $182.00 to $188.00 and gave the stock a “neutral” rating in a research report on Thursday, May 14th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and fourteen have assigned a Hold rating to the company. According to MarketBeat.com, Texas Roadhouse presently has a consensus rating of “Hold” and a consensus price target of $196.36.

Texas Roadhouse Stock Performance

Shares of NASDAQ:TXRH opened at $194.28 on Friday. The company’s 50-day moving average price is $174.81 and its two-hundred day moving average price is $175.16. Texas Roadhouse, Inc. has a one year low of $153.82 and a one year high of $197.00. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.46 and a quick ratio of 0.40. The stock has a market capitalization of $12.77 billion, a PE ratio of 31.04, a price-to-earnings-growth ratio of 2.12 and a beta of 0.78.

Texas Roadhouse (NASDAQ:TXRH) last announced its quarterly earnings data on Thursday, May 7th. The restaurant operator reported $1.87 earnings per share for the quarter, beating the consensus estimate of $1.80 by $0.07. The company had revenue of $1.63 billion during the quarter, compared to analysts’ expectations 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 for the quarter was up 10.5% compared to the same quarter last year. During the same quarter last year, the company 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 business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 2nd were paid a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date was Tuesday, June 2nd. Texas Roadhouse’s dividend payout ratio (DPR) is currently 47.92%.

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.