Texas Roadhouse, Inc. $TXRH Shares Sold by Aquatic Capital Management LLC

Aquatic Capital Management LLC reduced its stake in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 27.9% during the 3rd quarter, HoldingsChannel reports. The firm owned 40,481 shares of the restaurant operator’s stock after selling 15,680 shares during the period. Aquatic Capital Management LLC’s holdings in Texas Roadhouse were worth $6,726,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Caldwell Trust Co purchased a new stake in shares of Texas Roadhouse during the second quarter worth approximately $28,000. Root Financial Partners LLC purchased a new position in Texas Roadhouse in the 3rd quarter valued at $36,000. Salomon & Ludwin LLC increased its stake in Texas Roadhouse by 37.2% in the 3rd quarter. Salomon & Ludwin LLC now owns 299 shares of the restaurant operator’s stock valued at $50,000 after buying an additional 81 shares during the period. LRI Investments LLC increased its stake in Texas Roadhouse by 100.0% in the 3rd quarter. LRI Investments LLC now owns 300 shares of the restaurant operator’s stock valued at $50,000 after buying an additional 150 shares during the period. Finally, Parkside Financial Bank & Trust raised its position in Texas Roadhouse by 100.6% during the 3rd quarter. Parkside Financial Bank & Trust now owns 355 shares of the restaurant operator’s stock worth $59,000 after buying an additional 178 shares during the last quarter. Institutional investors and hedge funds own 94.82% of the company’s stock.

Texas Roadhouse Price Performance

TXRH opened at $170.24 on Monday. The stock has a market cap of $11.26 billion, a P/E ratio of 27.95, a P/E/G ratio of 1.84 and a beta of 0.86. Texas Roadhouse, Inc. has a 1-year low of $148.73 and a 1-year high of $199.99. The stock’s 50 day simple moving average is $182.87 and its 200 day simple moving average is $173.54.

Texas Roadhouse (NASDAQ:TXRH) last announced its quarterly earnings results on Thursday, February 19th. The restaurant operator reported $1.28 earnings per share for the quarter, missing analysts’ consensus estimates of $1.53 by ($0.25). The firm had revenue of $1.48 billion during the quarter, compared to analysts’ expectations of $1.50 billion. Texas Roadhouse had a net margin of 6.90% and a return on equity of 27.88%. The company’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.73 EPS. Research analysts expect that Texas Roadhouse, Inc. will post 7.23 EPS for the current fiscal year.

Texas Roadhouse Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 17th will be given a $0.75 dividend. This is a boost from Texas Roadhouse’s previous quarterly dividend of $0.68. This represents a $3.00 annualized dividend and a dividend yield of 1.8%. The ex-dividend date is Tuesday, March 17th. Texas Roadhouse’s dividend payout ratio (DPR) is currently 44.66%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on TXRH. KeyCorp reaffirmed a “sector weight” rating on shares of Texas Roadhouse in a report on Friday, February 20th. Zacks Research raised shares of Texas Roadhouse from a “strong sell” rating to a “hold” rating in a report on Thursday, January 8th. Wells Fargo & Company raised their price objective on shares of Texas Roadhouse from $195.00 to $220.00 and gave the company an “overweight” rating in a research report on Thursday, January 22nd. Citigroup dropped their target price on Texas Roadhouse from $190.00 to $184.00 and set a “neutral” rating on the stock in a research report on Friday, February 20th. Finally, The Goldman Sachs Group increased their target price on Texas Roadhouse from $175.00 to $200.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 28th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and thirteen have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $196.55.

Insider Buying and Selling at Texas Roadhouse

In other Texas Roadhouse news, Director Gregory N. Moore sold 1,700 shares of the stock in a transaction on Friday, March 6th. The stock was sold at an average price of $171.59, for a total transaction of $291,703.00. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CTO Hernan E. Mujica sold 5,000 shares of the stock in a transaction on Friday, March 13th. The shares were sold at an average price of $170.00, for a total value of $850,000.00. Following the sale, the chief technology officer owned 15,552 shares in the company, valued at approximately $2,643,840. This trade represents a 24.33% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 17,550 shares of company stock valued at $3,203,936. Company insiders own 0.50% of the company’s stock.

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.