Ascent Group LLC Decreases Stock Position in Texas Roadhouse, Inc. $TXRH

Ascent Group LLC lowered its position in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 90.6% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 1,398 shares of the restaurant operator’s stock after selling 13,401 shares during the quarter. Ascent Group LLC’s holdings in Texas Roadhouse were worth $232,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Axiom Investors LLC DE raised its position in shares of Texas Roadhouse by 3,696.7% in the first quarter. Axiom Investors LLC DE now owns 2,173,807 shares of the restaurant operator’s stock valued at $362,221,000 after purchasing an additional 2,116,552 shares during the period. Amundi grew its stake in Texas Roadhouse by 2,865.8% in the 1st quarter. Amundi now owns 78,684 shares of the restaurant operator’s stock valued at $13,144,000 after buying an additional 76,031 shares in the last quarter. Alliancebernstein L.P. grew its stake in Texas Roadhouse by 8.2% in the 1st quarter. Alliancebernstein L.P. now owns 505,022 shares of the restaurant operator’s stock valued at $84,152,000 after buying an additional 38,348 shares in the last quarter. NewEdge Advisors LLC raised its holdings in Texas Roadhouse by 12.0% during the 1st quarter. NewEdge Advisors LLC now owns 2,423 shares of the restaurant operator’s stock valued at $404,000 after acquiring an additional 259 shares during the period. Finally, Scientech Research LLC raised its holdings in Texas Roadhouse by 18.3% during the 1st quarter. Scientech Research LLC now owns 4,294 shares of the restaurant operator’s stock valued at $716,000 after acquiring an additional 665 shares during the period. 94.82% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on TXRH shares. Wall Street Zen cut Texas Roadhouse from a “hold” rating to a “sell” rating in a report on Saturday. Guggenheim reaffirmed a “buy” rating and set a $210.00 price objective on shares of Texas Roadhouse in a report on Tuesday, September 16th. Barclays dropped their target price on Texas Roadhouse from $187.00 to $170.00 and set an “equal weight” rating for the company in a research report on Friday, November 7th. Morgan Stanley cut their price target on shares of Texas Roadhouse from $210.00 to $205.00 and set an “overweight” rating for the company in a research report on Monday, November 10th. Finally, UBS Group reissued a “buy” rating on shares of Texas Roadhouse in a research note on Monday, November 10th. Two 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 MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $194.26.

Insider Transactions at Texas Roadhouse

In other news, Director Hugh J. Carroll sold 1,000 shares of the business’s stock in a transaction 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 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 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 business’s stock in a transaction dated Wednesday, December 3rd. The stock was sold at an average price of $170.00, for a total value of $238,000.00. Following the completion of the transaction, the director directly owned 32,150 shares of the company’s stock, valued at approximately $5,465,500. This trade represents a 4.17% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.50% of the stock is currently owned by company insiders.

Texas Roadhouse Stock Up 3.2%

Shares of TXRH stock opened at $171.36 on Monday. The business’s fifty day moving average is $168.71 and its 200 day moving average is $173.66. The stock has a market cap of $11.34 billion, a price-to-earnings ratio of 26.20, a PEG ratio of 2.70 and a beta of 0.89. Texas Roadhouse, Inc. has a twelve month low of $148.73 and a twelve month high of $199.99.

Texas Roadhouse (NASDAQ:TXRH) last issued its quarterly earnings results 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 business had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.43 billion. During the same period last year, the business earned $1.26 earnings per share. The company’s revenue was up 12.8% on a year-over-year basis. Equities research analysts expect that Texas Roadhouse, Inc. will post 7.23 earnings per share for the current fiscal year.

Texas Roadhouse Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 30th. Stockholders of record on Tuesday, December 2nd were issued a dividend of $0.68 per share. The ex-dividend date was Tuesday, December 2nd. This represents a $2.72 annualized dividend and a dividend yield of 1.6%. Texas Roadhouse’s dividend payout ratio (DPR) 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.