Texas Roadhouse, Inc. $TXRH Shares Sold by Cooper Investors PTY Ltd.

Cooper Investors PTY Ltd. reduced its stake in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH – Free Report) by 83.8% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 930 shares of the restaurant operator’s stock after selling 4,827 shares during the period. Cooper Investors PTY Ltd.’s holdings in Texas Roadhouse were worth $145,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. Basecamp Wealth Advisors LLC boosted its stake in shares of Texas Roadhouse by 5,033.3% in the first quarter. Basecamp Wealth Advisors LLC now owns 154 shares of the restaurant operator’s stock worth $25,000 after buying an additional 151 shares during the last quarter. Silvant Capital Management LLC purchased a new position in Texas Roadhouse during the second quarter valued at approximately $32,000. Coppell Advisory Solutions LLC purchased a new position in Texas Roadhouse during the second quarter valued at approximately $38,000. Western Wealth Management LLC acquired a new position in Texas Roadhouse in the first quarter valued at approximately $47,000. Finally, Bank & Trust Co lifted its holdings in Texas Roadhouse by 68.1% in the second quarter. Bank & Trust Co now owns 306 shares of the restaurant operator’s stock valued at $59,000 after acquiring an additional 124 shares during the period. Hedge funds and other institutional investors own 94.82% of the company’s stock.

Insider Transactions at Texas Roadhouse

In related news, CEO Gerald Morgan sold 15,000 shares of Texas Roadhouse stock in a transaction on Friday, August 21st. The shares were sold at an average price of $202.17, for a total value of $3,032,550.00. Following the sale, the chief executive officer owned 80,970 shares of the company’s stock, valued at approximately $16,369,704.90. This trade represents a 15.63% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Donna Epps sold 820 shares of the business’s stock in a transaction on Monday, August 17th. The stock was sold at an average price of $206.56, for a total transaction of $169,379.20. Following the completion of the sale, the director directly owned 4,042 shares of the company’s stock, valued at approximately $834,915.52. The trade was a 16.87% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 19,970 shares of company stock worth $4,061,808 in the last ninety days. Company insiders own 0.50% of the company’s stock.

Texas Roadhouse Price Performance

NASDAQ TXRH traded up $3.37 during trading hours on Tuesday, reaching $162.18. The company’s stock had a trading volume of 1,122,855 shares, compared to its average volume of 1,062,641. The firm has a market capitalization of $10.65 billion, a price-to-earnings ratio of 25.95, a P/E/G ratio of 1.60 and a beta of 0.80. Texas Roadhouse, Inc. has a 1-year low of $153.82 and a 1-year high of $216.30. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.46 and a quick ratio of 0.39. The company’s 50-day moving average is $184.06 and its two-hundred day moving average is $179.39.

Texas Roadhouse (NASDAQ:TXRH – Get Free Report) last issued its quarterly earnings data on Thursday, August 6th. The restaurant operator reported $1.85 EPS for the quarter, beating the consensus estimate of $1.83 by $0.02. The company had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.67 billion. Texas Roadhouse had a return on equity of 27.20% and a net margin of 6.63%. Texas Roadhouse’s quarterly revenue was up 11.1% compared to the same quarter last year. During the same period last year, the company earned $1.86 earnings per share. On average, equities analysts predict that Texas Roadhouse, Inc. will post 6.61 EPS for the current year.

Texas Roadhouse Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 1st were given a dividend of $0.75 per share. The ex-dividend date was Tuesday, September 1st. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.8%. Texas Roadhouse’s dividend payout ratio (DPR) is 48.00%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. UBS Group raised their price objective on shares of Texas Roadhouse from $210.00 to $235.00 and gave the stock a “buy” rating in a research note on Monday, August 3rd. BTIG Research lifted their target price on shares of Texas Roadhouse from $200.00 to $220.00 and gave the company a “buy” rating in a report on Friday, August 7th. Royal Bank Of Canada decreased their target price on shares of Texas Roadhouse from $235.00 to $220.00 and set an “outperform” rating for the company in a research note on Monday, October 5th. JPMorgan Chase & Co. lowered their price target on shares of Texas Roadhouse from $202.00 to $200.00 and set a “neutral” rating on the stock in a report on Tuesday, September 29th. Finally, Benchmark upgraded shares of Texas Roadhouse from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 6th. Two investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and eleven have issued a Hold rating to the company’s stock. According to data from MarketBeat, Texas Roadhouse has a consensus rating of “Moderate Buy” and a consensus target price of $209.76.

Check Out Our Latest Analysis on Texas Roadhouse

Texas Roadhouse Profile

(Free Report)

Texas Roadhouse, Inc is a casual dining restaurant company that operates and franchises restaurants under the Texas Roadhouse, Bubba’s 33 and Jaggers brands. Its restaurants are known for hand-cut steaks, made-from-scratch sides, fresh-baked bread and a lively, Western-themed atmosphere.

Founded in 1993 and headquartered in Louisville, Kentucky, Texas Roadhouse has grown into an international restaurant operator with locations across the United States and in select foreign markets. The company’s business includes company-operated restaurants, franchised and licensed locations, and related support activities.

Texas Roadhouse primarily serves full-service casual dining customers, while Bubba’s 33 focuses on burgers, pizza and other American favorites in a sports-oriented setting.

See Also

Institutional Ownership by Quarter for Texas Roadhouse (NASDAQ:TXRH)

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