Stevens Capital Management LP Decreases Position in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Stevens Capital Management LP lessened its holdings in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 35.6% during the third quarter, Holdings Channel.com reports. The firm owned 1,605 shares of the restaurant operator’s stock after selling 887 shares during the quarter. Stevens Capital Management LP’s holdings in Texas Roadhouse were worth $283,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in TXRH. Hantz Financial Services Inc. grew its holdings in Texas Roadhouse by 8,594.4% in the 3rd quarter. Hantz Financial Services Inc. now owns 3,130 shares of the restaurant operator’s stock worth $553,000 after acquiring an additional 3,094 shares during the last quarter. Massachusetts Financial Services Co. MA bought a new stake in Texas Roadhouse in the 3rd quarter worth $17,853,000. Victory Capital Management Inc. grew its holdings in Texas Roadhouse by 194.9% in the 3rd quarter. Victory Capital Management Inc. now owns 67,733 shares of the restaurant operator’s stock worth $11,962,000 after acquiring an additional 44,768 shares during the last quarter. SG Americas Securities LLC grew its holdings in Texas Roadhouse by 200.6% in the 2nd quarter. SG Americas Securities LLC now owns 19,067 shares of the restaurant operator’s stock worth $3,274,000 after acquiring an additional 12,725 shares during the last quarter. Finally, Thrivent Financial for Lutherans grew its holdings in Texas Roadhouse by 0.9% in the 3rd quarter. Thrivent Financial for Lutherans now owns 483,045 shares of the restaurant operator’s stock worth $85,306,000 after acquiring an additional 4,391 shares during the last quarter. Hedge funds and other institutional investors own 94.82% of the company’s stock.

Texas Roadhouse Stock Performance

Shares of Texas Roadhouse stock opened at $196.31 on Friday. The stock has a market capitalization of $13.10 billion, a PE ratio of 33.73, a price-to-earnings-growth ratio of 1.67 and a beta of 0.98. Texas Roadhouse, Inc. has a 52-week low of $112.87 and a 52-week high of $206.04. The company has a 50-day simple moving average of $188.87 and a two-hundred day simple moving average of $175.88.

Texas Roadhouse (NASDAQ:TXRH) last released its quarterly earnings data on Thursday, October 24th. The restaurant operator reported $1.26 earnings per share for the quarter, missing the consensus estimate of $1.32 by ($0.06). Texas Roadhouse had a net margin of 7.65% and a return on equity of 31.33%. The company had revenue of $1.27 billion for the quarter, compared to analysts’ expectations of $1.27 billion. During the same period in the previous year, the firm earned $0.95 earnings per share. The firm’s revenue for the quarter was up 13.5% on a year-over-year basis. As a group, equities research analysts forecast that Texas Roadhouse, Inc. will post 6.39 EPS for the current fiscal year.

Texas Roadhouse Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 10th will be issued a dividend of $0.61 per share. The ex-dividend date of this dividend is Tuesday, December 10th. This represents a $2.44 annualized dividend and a dividend yield of 1.24%. Texas Roadhouse’s payout ratio is 41.92%.

Insider Activity

In other Texas Roadhouse news, CTO Hernan E. Mujica sold 1,500 shares of the stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $202.26, for a total value of $303,390.00. Following the transaction, the chief technology officer now directly owns 16,342 shares in the company, valued at approximately $3,305,332.92. This trade represents a 8.41 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Donna E. Epps sold 610 shares of the stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $195.66, for a total transaction of $119,352.60. Following the completion of the transaction, the director now owns 3,532 shares in the company, valued at $691,071.12. The trade was a 14.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.50% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on TXRH shares. Royal Bank of Canada raised their price target on shares of Texas Roadhouse from $175.00 to $185.00 and gave the stock a “sector perform” rating in a report on Friday, October 25th. Evercore ISI lifted their target price on shares of Texas Roadhouse from $195.00 to $200.00 and gave the company an “outperform” rating in a research note on Tuesday, October 15th. The Goldman Sachs Group started coverage on shares of Texas Roadhouse in a research note on Thursday. They set a “neutral” rating and a $213.00 target price on the stock. BMO Capital Markets lifted their target price on shares of Texas Roadhouse from $155.00 to $162.00 and gave the company a “market perform” rating in a research note on Friday, October 25th. Finally, Stifel Nicolaus boosted their price objective on shares of Texas Roadhouse from $180.00 to $195.00 and gave the stock a “hold” rating in a research note on Friday, October 25th. Thirteen equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, Texas Roadhouse has an average rating of “Hold” and a consensus price target of $190.09.

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.