Texas Roadhouse, Inc. (NASDAQ:TXRH) Stock Holdings Trimmed by Moran Wealth Management LLC

Moran Wealth Management LLC lowered its holdings in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 0.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 51,970 shares of the restaurant operator’s stock after selling 406 shares during the period. Moran Wealth Management LLC’s holdings in Texas Roadhouse were worth $9,178,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of TXRH. Marshall Wace LLP raised its stake in shares of Texas Roadhouse by 128.9% in the 2nd quarter. Marshall Wace LLP now owns 765,096 shares of the restaurant operator’s stock worth $131,375,000 after buying an additional 430,814 shares in the last quarter. Fiera Capital Corp acquired a new position in shares of Texas Roadhouse in the 3rd quarter worth $41,670,000. AQR Capital Management LLC grew its holdings in shares of Texas Roadhouse by 22.3% in the 2nd quarter. AQR Capital Management LLC now owns 909,847 shares of the restaurant operator’s stock worth $156,230,000 after acquiring an additional 165,738 shares during the last quarter. Jennison Associates LLC grew its holdings in shares of Texas Roadhouse by 29.1% in the 3rd quarter. Jennison Associates LLC now owns 622,561 shares of the restaurant operator’s stock worth $109,944,000 after acquiring an additional 140,439 shares during the last quarter. Finally, Davidson Kempner Capital Management LP acquired a new position in shares of Texas Roadhouse in the 2nd quarter worth $21,462,000. Institutional investors own 94.82% of the company’s stock.

Insiders Place Their Bets

In related news, CTO Hernan E. Mujica sold 1,500 shares of the firm’s stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $202.26, for a total transaction of $303,390.00. Following the completion of the sale, the chief technology officer now directly owns 16,342 shares of the company’s stock, valued at $3,305,332.92. This trade represents a 8.41 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Donna E. Epps sold 610 shares of the firm’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $195.66, for a total value of $119,352.60. Following the sale, the director now directly owns 3,532 shares of the company’s stock, valued at $691,071.12. This represents a 14.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.50% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. UBS Group lifted their target price on Texas Roadhouse from $200.00 to $210.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Wells Fargo & Company lifted their target price on Texas Roadhouse from $165.00 to $175.00 and gave the stock an “equal weight” rating in a report on Friday, July 26th. Wedbush lifted their target price on Texas Roadhouse from $190.00 to $200.00 and gave the stock an “outperform” rating in a report on Friday, October 25th. Citigroup lifted their target price on Texas Roadhouse from $192.00 to $201.00 and gave the stock a “buy” rating in a report on Tuesday, October 1st. Finally, BTIG Research lifted their target price on Texas Roadhouse from $175.00 to $190.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Twelve analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $189.00.

Texas Roadhouse Trading Down 0.1 %

Shares of TXRH stock opened at $193.41 on Thursday. The stock has a 50 day moving average of $181.64 and a two-hundred day moving average of $173.31. Texas Roadhouse, Inc. has a 12 month low of $109.86 and a 12 month high of $203.32. The company has a market capitalization of $12.90 billion, a P/E ratio of 33.23, a P/E/G ratio of 1.65 and a beta of 0.98.

Texas Roadhouse (NASDAQ:TXRH) last announced its quarterly earnings data on Thursday, October 24th. The restaurant operator reported $1.26 EPS for the quarter, missing analysts’ consensus estimates of $1.32 by ($0.06). Texas Roadhouse had a return on equity of 31.33% and a net margin of 7.65%. The firm had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.27 billion. During the same quarter in the prior year, the business posted $0.95 EPS. Texas Roadhouse’s revenue was up 13.5% compared to the same quarter last year. Sell-side analysts predict that Texas Roadhouse, Inc. will post 6.39 earnings per share for the current fiscal year.

Texas Roadhouse Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 10th will be given a $0.61 dividend. The ex-dividend date is Tuesday, December 10th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.26%. Texas Roadhouse’s dividend payout ratio is currently 41.92%.

Texas Roadhouse Profile

Texas Roadhouse, Inc, together with its subsidiaries, operates casual dining restaurants in the United States and internationally. It also operates and franchises restaurants under the Texas Roadhouse, Bubba's 33, and Jaggers names in 49 states and ten internationally. Texas Roadhouse, Inc was founded in 1993 and is based in Louisville, Kentucky.