Texas Roadhouse, Inc. $TXRH Shares Sold by Hsbc Holdings PLC

Hsbc Holdings PLC trimmed its position in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 22.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,826 shares of the restaurant operator’s stock after selling 2,625 shares during the quarter. Hsbc Holdings PLC’s holdings in Texas Roadhouse were worth $1,467,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Elyxium Wealth LLC acquired a new stake in Texas Roadhouse during the 4th quarter worth approximately $25,000. Princeton Global Asset Management LLC acquired a new position in Texas Roadhouse during the fourth quarter valued at approximately $31,000. Measured Wealth Private Client Group LLC acquired a new position in Texas Roadhouse during the third quarter valued at approximately $33,000. Garton & Associates Financial Advisors LLC purchased a new stake in Texas Roadhouse during the fourth quarter worth approximately $34,000. Finally, TD Private Client Wealth LLC grew its stake in Texas Roadhouse by 137.5% during the fourth quarter. TD Private Client Wealth LLC now owns 266 shares of the restaurant operator’s stock worth $44,000 after buying an additional 154 shares during the period. 94.82% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently commented on TXRH shares. Morgan Stanley reissued an “overweight” rating and issued a $201.00 target price on shares of Texas Roadhouse in a research note on Friday, May 8th. Wells Fargo & Company decreased their price target on shares of Texas Roadhouse from $220.00 to $200.00 and set an “overweight” rating for the company in a research report on Thursday, April 16th. Guggenheim reiterated a “buy” rating and issued a $210.00 price target on shares of Texas Roadhouse in a report on Monday, May 18th. Royal Bank Of Canada upgraded Texas Roadhouse from a “sector perform” rating to an “outperform” rating and increased their price target for the company from $180.00 to $210.00 in a report on Friday, May 15th. Finally, TD Cowen raised their price objective on Texas Roadhouse from $192.00 to $205.00 and gave the company a “buy” rating in a research report on Wednesday, May 27th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and fourteen have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $196.36.

Texas Roadhouse Stock Down 0.3%

Shares of NASDAQ:TXRH opened at $193.23 on Wednesday. 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, Inc. has a 52-week low of $153.82 and a 52-week high of $197.00. The company has a 50 day moving average of $172.87 and a two-hundred day moving average of $174.67. The company has a market capitalization of $12.70 billion, a price-to-earnings ratio of 30.87, a price-to-earnings-growth ratio of 2.12 and a beta of 0.79.

Texas Roadhouse (NASDAQ:TXRH) last posted its earnings results on Thursday, May 7th. The restaurant operator reported $1.87 EPS for the quarter, topping 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 business had revenue of $1.63 billion for the quarter, compared to analysts’ expectations of $1.64 billion. During the same period in the previous year, the company posted $1.70 earnings per share. The business’s revenue for the quarter was up 10.5% compared to the same quarter last year. As a group, analysts forecast that Texas Roadhouse, Inc. will post 6.42 earnings per share for the current fiscal year.

Texas Roadhouse Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 2nd were paid a dividend of $0.75 per share. The ex-dividend date was Tuesday, June 2nd. This represents a $3.00 annualized dividend and a dividend yield of 1.6%. Texas Roadhouse’s dividend payout ratio (DPR) is currently 47.92%.

Insider Activity at Texas Roadhouse

In other news, Director Gregory N. Moore sold 1,250 shares of Texas Roadhouse stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $178.14, for a total transaction of $222,675.00. Following the sale, the director directly owned 30,900 shares of the company’s stock, valued at approximately $5,504,526. The trade was a 3.89% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Lloyd Paul Marshall sold 1,000 shares of the business’s stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $178.34, for a total value of $178,340.00. Following the completion of the transaction, the insider owned 10,326 shares in the company, valued at approximately $1,841,538.84. This trade represents a 8.83% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 5,728 shares of company stock valued at $1,033,847. 0.50% of the stock is currently owned by insiders.

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.