Larson Financial Group LLC Trims Position in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Larson Financial Group LLC reduced its position in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 27.1% in the 3rd quarter, Holdings Channel reports. The fund owned 1,118 shares of the restaurant operator’s stock after selling 416 shares during the period. Larson Financial Group LLC’s holdings in Texas Roadhouse were worth $197,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Marshall Wace LLP increased its stake in Texas Roadhouse by 128.9% in the second quarter. Marshall Wace LLP now owns 765,096 shares of the restaurant operator’s stock valued at $131,375,000 after purchasing an additional 430,814 shares during the last quarter. Fiera Capital Corp acquired a new position in shares of Texas Roadhouse during the 3rd quarter valued at about $41,670,000. AQR Capital Management LLC lifted its holdings in shares of Texas Roadhouse by 22.3% during 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 period. Jennison Associates LLC boosted its position in shares of Texas Roadhouse by 29.1% in the third 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 purchased a new stake in Texas Roadhouse in the second quarter valued at approximately $21,462,000. 94.82% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have weighed in on TXRH. UBS Group lifted their price target on shares of Texas Roadhouse from $200.00 to $210.00 and gave the company a “buy” rating in a report on Friday, October 25th. Barclays lifted their price target on shares of Texas Roadhouse from $160.00 to $175.00 and gave the company an “equal weight” rating in a research report on Friday, October 25th. Guggenheim upped their price target on shares of Texas Roadhouse from $190.00 to $195.00 and gave the stock a “buy” rating in a research report on Wednesday, September 25th. Loop Capital reduced their price objective on Texas Roadhouse from $215.00 to $209.00 and set a “buy” rating on the stock in a research note on Monday, October 28th. Finally, BMO Capital Markets raised their target price on Texas Roadhouse from $155.00 to $162.00 and gave the company a “market perform” rating in a report on Friday, October 25th. Twelve analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, Texas Roadhouse has an average rating of “Hold” and an average price target of $189.00.

Texas Roadhouse Price Performance

Shares of TXRH opened at $203.36 on Thursday. Texas Roadhouse, Inc. has a 12-month low of $110.88 and a 12-month high of $205.85. The business’s fifty day moving average price is $185.86 and its 200 day moving average price is $174.61. The stock has a market capitalization of $13.57 billion, a PE ratio of 34.94, a price-to-earnings-growth ratio of 1.72 and a beta of 0.98.

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

Texas Roadhouse Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 10th will be given a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.20%. The ex-dividend date is Tuesday, December 10th. Texas Roadhouse’s payout ratio is 41.92%.

Insider Buying and Selling

In other Texas Roadhouse news, Director Donna E. Epps sold 610 shares of the company’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $195.66, for a total value of $119,352.60. Following the completion of the transaction, the director now owns 3,532 shares in the company, valued at approximately $691,071.12. This represents a 14.73 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CTO Hernan E. Mujica sold 1,500 shares of Texas Roadhouse 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 sale, 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 position. The disclosure for this sale can be found here. Company insiders own 0.50% of the company’s stock.

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.