Texas Roadhouse, Inc. $TXRH Shares Sold by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS lowered its stake in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 12.9% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 14,200 shares of the restaurant operator’s stock after selling 2,100 shares during the period. KLP Kapitalforvaltning AS’s holdings in Texas Roadhouse were worth $2,669,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Brooklyn Investment Group lifted its stake in shares of Texas Roadhouse by 478.6% in the 1st quarter. Brooklyn Investment Group now owns 162 shares of the restaurant operator’s stock valued at $27,000 after purchasing an additional 134 shares during the last quarter. Bogart Wealth LLC acquired a new position in shares of Texas Roadhouse in the 1st quarter valued at $33,000. Ameritas Advisory Services LLC acquired a new position in shares of Texas Roadhouse in the 2nd quarter valued at $53,000. WPG Advisers LLC acquired a new position in shares of Texas Roadhouse in the 1st quarter valued at $59,000. Finally, Farther Finance Advisors LLC lifted its stake in shares of Texas Roadhouse by 22.8% in the 2nd quarter. Farther Finance Advisors LLC now owns 312 shares of the restaurant operator’s stock valued at $59,000 after purchasing an additional 58 shares during the last quarter. Institutional investors and hedge funds own 94.82% of the company’s stock.

Insider Transactions at Texas Roadhouse

In other news, President Regina A. Tobin sold 3,153 shares of the stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $173.53, for a total transaction of $547,140.09. Following the completion of the transaction, the president directly owned 15,261 shares of the company’s stock, valued at approximately $2,648,241.33. This represents a 17.12% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CTO Hernan E. Mujica sold 2,189 shares of the firm’s stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $172.40, for a total value of $377,383.60. Following the completion of the transaction, the chief technology officer directly owned 17,553 shares of the company’s stock, valued at $3,026,137.20. The trade was a 11.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 8,342 shares of company stock valued at $1,443,704. Corporate insiders own 0.50% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Truist Financial set a $212.00 price target on Texas Roadhouse and gave the company a “buy” rating in a research note on Wednesday, July 2nd. Weiss Ratings reiterated a “buy (b)” rating on shares of Texas Roadhouse in a report on Wednesday. Evercore ISI downgraded Texas Roadhouse from an “outperform” rating to an “in-line” rating and set a $190.00 price target on the stock. in a report on Thursday, September 4th. JPMorgan Chase & Co. cut their price target on Texas Roadhouse from $200.00 to $182.00 and set a “neutral” rating on the stock in a report on Tuesday, October 7th. Finally, Stephens upped their price target on Texas Roadhouse from $184.00 to $190.00 and gave the stock an “equal weight” rating in a report on Friday, August 8th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and eleven have issued a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $196.00.

Texas Roadhouse Stock Down 2.6%

Shares of NASDAQ TXRH opened at $163.33 on Friday. The stock has a market cap of $10.85 billion, a PE ratio of 24.94, a price-to-earnings-growth ratio of 2.24 and a beta of 0.82. Texas Roadhouse, Inc. has a 52-week low of $148.73 and a 52-week high of $206.04. The business has a 50-day moving average price of $169.88 and a 200 day moving average price of $176.83.

Texas Roadhouse (NASDAQ:TXRH) last announced its earnings results on Thursday, August 7th. The restaurant operator reported $1.86 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.95 by ($0.09). Texas Roadhouse had a net margin of 7.72% and a return on equity of 31.52%. The firm had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.50 billion. During the same period last year, the company earned $1.79 earnings per share. The firm’s revenue for the quarter was up 12.7% compared to the same quarter last year. Sell-side analysts anticipate that Texas Roadhouse, Inc. will post 7.23 earnings per share for the current year.

Texas Roadhouse Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 2nd were paid a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend was Tuesday, September 2nd. Texas Roadhouse’s dividend payout ratio is 41.53%.

About Texas Roadhouse

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.