Braun Stacey Associates Inc. Has $20.90 Million Stock Position in Texas Roadhouse, Inc. $TXRH

Braun Stacey Associates Inc. lowered its stake in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 8.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 125,764 shares of the restaurant operator’s stock after selling 11,632 shares during the quarter. Braun Stacey Associates Inc.’s holdings in Texas Roadhouse were worth $20,896,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of TXRH. Alliancebernstein L.P. grew its position in Texas Roadhouse by 528.2% in the 2nd quarter. Alliancebernstein L.P. now owns 3,172,738 shares of the restaurant operator’s stock worth $594,603,000 after purchasing an additional 2,667,716 shares during the last quarter. Invesco Ltd. raised its position in shares of Texas Roadhouse by 17.2% during the second quarter. Invesco Ltd. now owns 2,603,729 shares of the restaurant operator’s stock valued at $487,965,000 after buying an additional 382,699 shares during the last quarter. AQR Capital Management LLC lifted its stake in shares of Texas Roadhouse by 85.7% in the second quarter. AQR Capital Management LLC now owns 2,343,000 shares of the restaurant operator’s stock valued at $439,102,000 after buying an additional 1,081,413 shares during the period. Axiom Investors LLC DE grew its position in Texas Roadhouse by 3,696.7% during the first quarter. Axiom Investors LLC DE now owns 2,173,807 shares of the restaurant operator’s stock worth $362,221,000 after buying an additional 2,116,552 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in Texas Roadhouse by 1.5% during the second quarter. Geode Capital Management LLC now owns 1,302,021 shares of the restaurant operator’s stock worth $244,048,000 after buying an additional 19,296 shares in the last quarter. 94.82% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. JPMorgan Chase & Co. cut their price target on Texas Roadhouse from $200.00 to $182.00 and set a “neutral” rating for the company in a report on Tuesday, October 7th. Mizuho upgraded Texas Roadhouse to a “strong-buy” rating in a research note on Tuesday, October 28th. UBS Group reiterated a “buy” rating on shares of Texas Roadhouse in a research note on Monday, November 10th. Stephens lowered their price target on shares of Texas Roadhouse from $175.00 to $168.00 and set an “equal weight” rating on the stock in a report on Friday, November 7th. Finally, Guggenheim reaffirmed a “buy” rating and set a $210.00 price objective on shares of Texas Roadhouse in a report on Tuesday, September 16th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Texas Roadhouse currently has a consensus rating of “Moderate Buy” and an average target price of $194.26.

Texas Roadhouse Price Performance

Shares of NASDAQ:TXRH opened at $166.00 on Friday. The business’s fifty day moving average price is $168.80 and its two-hundred day moving average price is $174.09. Texas Roadhouse, Inc. has a fifty-two week low of $148.73 and a fifty-two week high of $199.99. The stock has a market capitalization of $10.98 billion, a price-to-earnings ratio of 25.38, a price-to-earnings-growth ratio of 2.70 and a beta of 0.89.

Texas Roadhouse (NASDAQ:TXRH) last issued its quarterly earnings data on Thursday, November 6th. The restaurant operator reported $1.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.28 by ($0.03). Texas Roadhouse had a net margin of 7.49% and a return on equity of 30.59%. The company had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.43 billion. During the same period in the previous year, the business posted $1.26 earnings per share. The firm’s revenue was up 12.8% compared to the same quarter last year. 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 was paid on Tuesday, December 30th. Shareholders of record on Tuesday, December 2nd were given a $0.68 dividend. The ex-dividend date was Tuesday, December 2nd. This represents a $2.72 dividend on an annualized basis and a yield of 1.6%. Texas Roadhouse’s payout ratio is 41.59%.

Insider Activity

In other news, Director Gregory N. Moore sold 1,400 shares of the firm’s 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 completion of the sale, the director owned 32,150 shares of the company’s stock, valued at approximately $5,465,500. This trade represents a 4.17% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Hugh J. Carroll sold 1,000 shares of the business’s stock in a transaction that occurred on Thursday, December 4th. The stock was sold at an average price of $167.27, for a total value of $167,270.00. Following the completion of the transaction, the director directly owned 1,854 shares in the company, valued at $310,118.58. The trade was a 35.04% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.50% of the stock is currently owned by corporate insiders.

About Texas Roadhouse

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.