Texas Roadhouse, Inc. $TXRH Stock Holdings Lessened by Bank of New York Mellon Corp

Bank of New York Mellon Corp cut its holdings in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 7.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 544,329 shares of the restaurant operator’s stock after selling 44,611 shares during the period. Bank of New York Mellon Corp’s holdings in Texas Roadhouse were worth $90,359,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the business. Elyxium Wealth LLC bought a new stake in shares of Texas Roadhouse in the 4th quarter worth approximately $25,000. Princeton Global Asset Management LLC bought a new stake in Texas Roadhouse in the fourth quarter valued at $31,000. Measured Wealth Private Client Group LLC acquired a new position in shares of Texas Roadhouse during the third quarter valued at $33,000. TD Private Client Wealth LLC boosted its holdings in shares of Texas Roadhouse by 137.5% during the fourth quarter. TD Private Client Wealth LLC now owns 266 shares of the restaurant operator’s stock valued at $44,000 after acquiring an additional 154 shares during the period. Finally, Geneos Wealth Management Inc. grew its position in shares of Texas Roadhouse by 36.0% during the first quarter. Geneos Wealth Management Inc. now owns 419 shares of the restaurant operator’s stock worth $70,000 after acquiring an additional 111 shares during the last quarter. Institutional investors own 94.82% of the company’s stock.

Analysts Set New Price Targets

TXRH has been the topic of several recent research reports. Wells Fargo & Company cut their price objective on shares of Texas Roadhouse from $220.00 to $200.00 and set an “overweight” rating on the stock in a research report on Thursday, April 16th. Citigroup decreased their target price on shares of Texas Roadhouse from $176.00 to $174.00 and set a “neutral” rating for the company in a research report on Friday, May 8th. Stifel Nicolaus raised their price target on shares of Texas Roadhouse from $170.00 to $180.00 and gave the company a “hold” rating in a research note on Tuesday, May 12th. Benchmark reaffirmed a “hold” rating on shares of Texas Roadhouse in a report on Monday, February 23rd. Finally, BTIG Research reiterated a “buy” rating and set a $200.00 price objective on shares of Texas Roadhouse in a research report on Friday, February 20th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and fourteen have issued a Hold rating to the company’s stock. According to MarketBeat, Texas Roadhouse currently has an average rating of “Hold” and an average target price of $196.36.

Insider Buying and Selling

In other news, President Regina A. Tobin sold 4,450 shares of the business’s stock in a transaction on Thursday, March 19th. The stock was sold at an average price of $171.00, for a total transaction of $760,950.00. Following the sale, the president directly owned 13,778 shares of the company’s stock, valued at $2,356,038. The trade was a 24.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Curtis Warfield sold 2,640 shares of the business’s stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $183.05, for a total value of $483,252.00. Following the sale, the director owned 5,361 shares in the company, valued at approximately $981,331.05. The trade was a 33.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 16,166 shares of company stock worth $2,813,705. 0.50% of the stock is owned by insiders.

Texas Roadhouse Price Performance

Shares of NASDAQ TXRH opened at $167.78 on Tuesday. The stock has a market cap of $11.03 billion, a P/E ratio of 26.80, a P/E/G ratio of 1.87 and a beta of 0.79. The firm’s 50-day simple moving average is $168.05 and its 200 day simple moving average is $173.77. Texas Roadhouse, Inc. has a fifty-two week low of $153.82 and a fifty-two week high of $197.00. The company has a quick ratio of 0.40, a current ratio of 0.46 and a debt-to-equity ratio of 0.03.

Texas Roadhouse (NASDAQ:TXRH) last announced its earnings results on Thursday, May 7th. The restaurant operator reported $1.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.80 by $0.07. Texas Roadhouse had a net margin of 6.85% and a return on equity of 27.86%. The firm had revenue of $1.63 billion during the quarter, compared to analyst estimates of $1.64 billion. During the same quarter in the prior year, the firm posted $1.70 EPS. Texas Roadhouse’s revenue was up 10.5% compared to the same quarter last year. Equities analysts expect that Texas Roadhouse, Inc. will post 6.4 EPS for the current year.

Texas Roadhouse Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 2nd will be issued a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend is Tuesday, June 2nd. Texas Roadhouse’s payout ratio is presently 47.92%.

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.