Rice Hall James & Associates LLC Cuts Position in Texas Roadhouse Inc. (TXRH)
Rice Hall James & Associates LLC cut its position in shares of Texas Roadhouse Inc. (NASDAQ:TXRH) by 1.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 466,070 shares of the company’s stock after selling 5,267 shares during the period. Texas Roadhouse comprises about 1.2% of Rice Hall James & Associates LLC’s portfolio, making the stock its 11th largest position. Rice Hall James & Associates LLC owned about 0.66% of Texas Roadhouse worth $21,253,000 as of its most recent filing with the SEC.
Other institutional investors also recently modified their holdings of the company. LPL Financial LLC increased its position in shares of Texas Roadhouse by 0.7% in the first quarter. LPL Financial LLC now owns 23,155 shares of the company’s stock valued at $1,002,000 after buying an additional 159 shares in the last quarter. Seven Bridges Advisors LLC increased its position in shares of Texas Roadhouse by 3.0% in the second quarter. Seven Bridges Advisors LLC now owns 6,239 shares of the company’s stock valued at $284,000 after buying an additional 184 shares in the last quarter. IFP Advisors Inc increased its position in shares of Texas Roadhouse by 24.0% in the first quarter. IFP Advisors Inc now owns 2,908 shares of the company’s stock valued at $127,000 after buying an additional 563 shares in the last quarter. Creative Planning increased its position in shares of Texas Roadhouse by 31.2% in the second quarter. Creative Planning now owns 2,481 shares of the company’s stock valued at $113,000 after buying an additional 590 shares in the last quarter. Finally, LS Investment Advisors LLC increased its position in shares of Texas Roadhouse by 66.1% in the second quarter. LS Investment Advisors LLC now owns 3,891 shares of the company’s stock valued at $177,000 after buying an additional 1,548 shares in the last quarter. Institutional investors own 88.84% of the company’s stock.
Texas Roadhouse Inc. (NASDAQ:TXRH) traded down 0.90% during trading on Monday, hitting $38.68. 776,917 shares of the stock traded hands. Texas Roadhouse Inc. has a one year low of $33.06 and a one year high of $49.00. The company’s 50 day moving average is $43.74 and its 200 day moving average is $44.30. The company has a market capitalization of $2.72 billion, a P/E ratio of 24.33 and a beta of 0.54.
Texas Roadhouse (NASDAQ:TXRH) last announced its quarterly earnings data on Monday, August 1st. The company reported $0.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $0.02. Texas Roadhouse had a net margin of 5.88% and a return on equity of 16.78%. The firm had revenue of $509 million for the quarter, compared to analysts’ expectations of $509.80 million. During the same period last year, the firm earned $0.30 earnings per share. The business’s revenue for the quarter was up 11.9% on a year-over-year basis. On average, equities analysts forecast that Texas Roadhouse Inc. will post $1.78 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 30th. Shareholders of record on Wednesday, September 14th were paid a $0.19 dividend. The ex-dividend date of this dividend was Monday, September 12th. This represents a $0.76 dividend on an annualized basis and a yield of 1.96%. Texas Roadhouse’s payout ratio is presently 48.10%.
TXRH has been the subject of several analyst reports. Buckingham Research initiated coverage on Texas Roadhouse in a research report on Thursday, June 16th. They set a “neutral” rating and a $47.00 price objective for the company. Zacks Investment Research cut Texas Roadhouse from a “buy” rating to a “hold” rating in a report on Saturday, July 9th. Maxim Group cut Texas Roadhouse from a “buy” rating to a “hold” rating and set a $48.00 target price on the stock. in a report on Monday, July 18th. Jefferies Group cut Texas Roadhouse from a “hold” rating to an “underperform” rating and set a $37.00 target price on the stock. in a report on Tuesday, July 26th. Finally, Stifel Nicolaus cut Texas Roadhouse from a “buy” rating to a “hold” rating and dropped their target price for the stock from $50.00 to $47.00 in a report on Tuesday, July 26th. Two research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and three have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $43.78.
In other news, Director James R. Zarley bought 23,800 shares of the business’s stock in a transaction on Wednesday, August 3rd. The shares were bought at an average cost of $42.23 per share, for a total transaction of $1,005,074.00. Following the completion of the acquisition, the director now owns 104,000 shares in the company, valued at approximately $4,391,920. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Wayne Kent Taylor sold 150,000 shares of the stock in a transaction on Thursday, August 18th. The stock was sold at an average price of $46.03, for a total transaction of $6,904,500.00. Following the completion of the sale, the chief executive officer now owns 4,363,261 shares in the company, valued at $200,840,903.83. The disclosure for this sale can be found here. 7.40% of the stock is currently owned by company insiders.
Texas Roadhouse Company Profile
Texas Roadhouse, Inc is a restaurant company, which operates in the casual dining segment. The Company offers an assortment of seasoned and aged steaks hand-cut daily on the premises and cooked to order over open grills. In addition to steaks, the Company also offers its guests a selection of ribs, fish, seafood, chicken, pork chops, pulled pork and vegetable plates, and an assortment of hamburgers, salads and sandwiches.
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