Wilmington Savings Fund Society FSB Reduces Stock Holdings in Texas Roadhouse, Inc. $TXRH

Wilmington Savings Fund Society FSB trimmed its holdings in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 32.8% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 3,827 shares of the restaurant operator’s stock after selling 1,867 shares during the period. Wilmington Savings Fund Society FSB’s holdings in Texas Roadhouse were worth $717,000 as of its most recent SEC filing.

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

Analyst Upgrades and Downgrades

Several analysts have weighed in on TXRH shares. Guggenheim reiterated a “buy” rating and set a $210.00 price target on shares of Texas Roadhouse in a research note on Tuesday, September 16th. Barclays boosted their price target on Texas Roadhouse from $175.00 to $189.00 and gave the company an “equal weight” rating in a research note on Thursday, July 17th. Melius Research upgraded Texas Roadhouse to a “strong-buy” rating in a research note on Monday, July 14th. JPMorgan Chase & Co. dropped their price target on Texas Roadhouse from $200.00 to $182.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 7th. Finally, Melius started coverage on Texas Roadhouse in a research note on Monday, July 14th. They set a “buy” rating and a $235.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and eleven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $195.25.

Insider Buying and Selling

In related news, President Regina A. Tobin sold 3,153 shares of the company’s stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $173.53, for a total value of $547,140.09. Following the completion of the transaction, the president 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Gregory N. Moore sold 3,000 shares of the company’s stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $173.06, for a total value of $519,180.00. Following the completion of the transaction, the director directly owned 34,550 shares of the company’s stock, valued at $5,979,223. The trade was a 7.99% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 8,342 shares of company stock valued at $1,443,704. 0.50% of the stock is owned by company insiders.

Texas Roadhouse Stock Up 0.1%

Shares of TXRH stock opened at $172.74 on Friday. The stock has a market cap of $11.48 billion, a PE ratio of 26.37, a price-to-earnings-growth ratio of 2.55 and a beta of 0.82. The business has a 50-day simple moving average of $168.89 and a 200-day simple moving average of $176.81. Texas Roadhouse, Inc. has a 52-week low of $148.73 and a 52-week high of $206.04.

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

Texas Roadhouse Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Tuesday, September 2nd were issued a $0.68 dividend. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $2.72 dividend on an annualized basis and a yield of 1.6%. Texas Roadhouse’s dividend payout ratio is presently 41.53%.

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.