Cwm LLC Trims Stock Position in Texas Roadhouse, Inc. $TXRH

Cwm LLC decreased its position in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 17.4% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 36,566 shares of the restaurant operator’s stock after selling 7,690 shares during the quarter. Cwm LLC’s holdings in Texas Roadhouse were worth $6,075,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Farther Finance Advisors LLC boosted its position in shares of Texas Roadhouse by 22.8% in the 2nd quarter. Farther Finance Advisors LLC now owns 312 shares of the restaurant operator’s stock valued at $59,000 after purchasing an additional 58 shares during the period. Advisory Alpha LLC lifted its stake in Texas Roadhouse by 3.0% in the first quarter. Advisory Alpha LLC now owns 2,063 shares of the restaurant operator’s stock valued at $344,000 after buying an additional 60 shares during the last quarter. Dakota Wealth Management boosted its holdings in shares of Texas Roadhouse by 3.8% in the second quarter. Dakota Wealth Management now owns 1,675 shares of the restaurant operator’s stock valued at $314,000 after acquiring an additional 61 shares during the period. Insight Wealth Partners LLC boosted its holdings in shares of Texas Roadhouse by 4.3% in the second quarter. Insight Wealth Partners LLC now owns 1,855 shares of the restaurant operator’s stock valued at $348,000 after acquiring an additional 76 shares during the period. Finally, NewEdge Advisors LLC grew its position in shares of Texas Roadhouse by 3.1% during the second quarter. NewEdge Advisors LLC now owns 2,499 shares of the restaurant operator’s stock worth $468,000 after acquiring an additional 76 shares during the last quarter. Institutional investors and hedge funds own 94.82% of the company’s stock.

Insiders Place Their Bets

In other news, Director Hugh J. Carroll sold 1,000 shares of the company’s stock in a transaction on Thursday, December 4th. The shares were sold at an average price of $167.27, for a total transaction of $167,270.00. Following the transaction, the director directly owned 1,854 shares of the company’s stock, valued at $310,118.58. This represents a 35.04% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Gregory N. Moore sold 1,400 shares of the stock in a transaction dated Wednesday, December 3rd. The shares were sold at an average price of $170.00, for a total transaction of $238,000.00. Following the completion of the transaction, the director owned 32,150 shares of the company’s stock, valued at $5,465,500. This represents a 4.17% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.50% of the company’s stock.

Texas Roadhouse Stock Down 0.5%

Shares of NASDAQ:TXRH opened at $167.40 on Wednesday. The company has a market cap of $11.07 billion, a price-to-earnings ratio of 25.60, a PEG ratio of 2.74 and a beta of 0.88. The firm’s 50-day simple moving average is $169.26 and its 200-day simple moving average is $174.20. Texas Roadhouse, Inc. has a fifty-two week low of $148.73 and a fifty-two week high of $199.99.

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

Texas Roadhouse Announces Dividend

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

Analysts Set New Price Targets

Several research firms recently commented on TXRH. Mizuho upgraded shares of Texas Roadhouse to a “strong-buy” rating in a research report on Tuesday, October 28th. Weiss Ratings restated a “buy (b-)” rating on shares of Texas Roadhouse in a research note on Monday. Wells Fargo & Company raised shares of Texas Roadhouse from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $170.00 to $195.00 in a report on Wednesday, December 17th. Royal Bank Of Canada decreased their target price on shares of Texas Roadhouse from $185.00 to $175.00 and set a “sector perform” rating for the company in a research note on Friday, November 7th. Finally, Evercore ISI cut Texas Roadhouse from an “outperform” rating to an “in-line” rating and set a $190.00 price target on the stock. in a research report on Thursday, September 4th. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Texas Roadhouse has a consensus rating of “Moderate Buy” and a consensus target price of $194.26.

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.