SG Americas Securities LLC Sells 5,020 Shares of Texas Roadhouse, Inc. $TXRH

SG Americas Securities LLC reduced its position in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 13.8% in the first quarter, according to its most recent filing with the SEC. The fund owned 31,426 shares of the restaurant operator’s stock after selling 5,020 shares during the quarter. SG Americas Securities LLC’s holdings in Texas Roadhouse were worth $5,190,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Oak Thistle LLC bought a new stake in shares of Texas Roadhouse in the 4th quarter worth about $1,553,000. Capital World Investors grew its position in Texas Roadhouse by 580.2% in the third quarter. Capital World Investors now owns 2,236,885 shares of the restaurant operator’s stock worth $371,658,000 after acquiring an additional 1,908,033 shares in the last quarter. Jefferies Financial Group Inc. purchased a new position in Texas Roadhouse in the fourth quarter worth about $977,000. Stephens Investment Management Group LLC increased its stake in Texas Roadhouse by 98.2% during the fourth quarter. Stephens Investment Management Group LLC now owns 370,225 shares of the restaurant operator’s stock worth $61,457,000 after acquiring an additional 183,422 shares during the last quarter. Finally, Cinctive Capital Management LP bought a new stake in Texas Roadhouse during the third quarter worth approximately $18,915,000. 94.82% of the stock is owned by hedge funds and other institutional investors.

Texas Roadhouse Stock Performance

Shares of Texas Roadhouse stock opened at $196.59 on Monday. The company has a quick ratio of 0.40, a current ratio of 0.46 and a debt-to-equity ratio of 0.03. The stock’s fifty day moving average is $171.63 and its two-hundred day moving average is $174.27. Texas Roadhouse, Inc. has a 52 week low of $153.82 and a 52 week high of $197.00. The company has a market capitalization of $12.92 billion, a PE ratio of 31.40, a price-to-earnings-growth ratio of 2.15 and a beta of 0.79.

Texas Roadhouse (NASDAQ:TXRH) last released its earnings results on Thursday, May 7th. The restaurant operator reported $1.87 earnings per share for the quarter, topping the consensus estimate of $1.80 by $0.07. The business had revenue of $1.63 billion during the quarter, compared to the consensus estimate of $1.64 billion. Texas Roadhouse had a return on equity of 27.86% and a net margin of 6.85%.The business’s revenue for the quarter was up 10.5% compared to the same quarter last year. During the same period last year, the company earned $1.70 earnings per share. As a group, analysts expect that Texas Roadhouse, Inc. will post 6.42 earnings per share for the current year.

Texas Roadhouse Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 2nd will be paid a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend is Tuesday, June 2nd. Texas Roadhouse’s dividend payout ratio (DPR) is currently 47.92%.

Wall Street Analysts Forecast Growth

TXRH has been the subject of several analyst reports. Wells Fargo & Company lowered their price objective on Texas Roadhouse from $220.00 to $200.00 and set an “overweight” rating for the company in a research note on Thursday, April 16th. BMO Capital Markets raised their price target on Texas Roadhouse from $165.00 to $180.00 and gave the stock a “market perform” rating in a research report on Thursday, May 21st. Wall Street Zen upgraded shares of Texas Roadhouse from a “sell” rating to a “hold” rating in a research report on Sunday, May 10th. Citigroup reduced their target price on shares of Texas Roadhouse from $176.00 to $174.00 and set a “neutral” rating on the stock in a research note on Friday, May 8th. Finally, Guggenheim reaffirmed a “buy” rating and set a $210.00 price target on shares of Texas Roadhouse in a research note on Monday, May 18th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and fourteen have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $196.36.

Insider Activity at Texas Roadhouse

In other Texas Roadhouse news, Director Curtis Warfield sold 2,640 shares of the company’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $183.05, for a total value of $483,252.00. Following the transaction, the director directly owned 5,361 shares in the company, valued at $981,331.05. This represents a 33.00% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Christopher C. Colson sold 499 shares of the firm’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $179.22, for a total transaction of $89,430.78. Following the transaction, the insider directly owned 14,500 shares in the company, valued at approximately $2,598,690. This trade represents a 3.33% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 5,728 shares of company stock worth $1,033,847 over the last ninety days. 0.50% of the stock is currently owned by company insiders.

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.