Ascent Group LLC Has $2.77 Million Stake in Texas Roadhouse, Inc. $TXRH

Ascent Group LLC decreased its holdings in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 17.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,799 shares of the restaurant operator’s stock after selling 3,149 shares during the period. Ascent Group LLC’s holdings in Texas Roadhouse were worth $2,773,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Axiom Investors LLC DE increased its holdings in Texas Roadhouse by 3,696.7% in the first quarter. Axiom Investors LLC DE now owns 2,173,807 shares of the restaurant operator’s stock worth $362,221,000 after buying an additional 2,116,552 shares during the last quarter. T. Rowe Price Investment Management Inc. increased its holdings in Texas Roadhouse by 209.3% in the first quarter. T. Rowe Price Investment Management Inc. now owns 1,609,608 shares of the restaurant operator’s stock worth $268,209,000 after buying an additional 1,089,256 shares during the last quarter. Congress Asset Management Co. increased its holdings in Texas Roadhouse by 8,956.4% in the first quarter. Congress Asset Management Co. now owns 465,679 shares of the restaurant operator’s stock worth $77,596,000 after buying an additional 460,537 shares during the last quarter. AQR Capital Management LLC increased its holdings in Texas Roadhouse by 54.3% in the first quarter. AQR Capital Management LLC now owns 1,261,587 shares of the restaurant operator’s stock worth $209,840,000 after buying an additional 443,767 shares during the last quarter. Finally, Nuveen LLC acquired a new position in Texas Roadhouse in the first quarter worth approximately $36,208,000. Institutional investors and hedge funds own 94.82% of the company’s stock.

Insider Buying and Selling at Texas Roadhouse

In other Texas Roadhouse news, President Regina A. Tobin sold 3,153 shares of Texas Roadhouse stock in a transaction 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 trade represents a 17.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CTO Hernan E. Mujica sold 2,189 shares of Texas Roadhouse stock in a transaction 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 transaction, the chief technology officer directly owned 17,553 shares of the company’s stock, valued at approximately $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. Over the last three months, insiders sold 8,342 shares of company stock valued at $1,443,704. 0.50% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Bank of America boosted their price objective on shares of Texas Roadhouse from $203.00 to $219.00 and gave the stock a “buy” rating in a research note on Friday, July 18th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Texas Roadhouse in a report on Saturday, September 27th. Citigroup upped their price objective on shares of Texas Roadhouse from $180.00 to $197.00 and gave the stock a “neutral” rating in a report on Tuesday, July 29th. Melius assumed coverage on shares of Texas Roadhouse in a report on Monday, July 14th. They set a “buy” rating and a $235.00 price objective for the company. Finally, Evercore ISI downgraded shares of Texas Roadhouse from an “outperform” rating to an “in-line” rating and set a $190.00 price objective for the company. in a report on Thursday, September 4th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and eleven have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $196.10.

Texas Roadhouse Price Performance

Shares of TXRH stock opened at $166.49 on Friday. The stock has a market cap of $11.06 billion, a P/E ratio of 25.42, a price-to-earnings-growth ratio of 2.28 and a beta of 0.82. The stock has a fifty day moving average price of $171.82 and a 200 day moving average price of $177.10. Texas Roadhouse, Inc. has a one year low of $148.73 and a one year 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 analysts’ consensus estimates of $1.95 by ($0.09). The company had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.50 billion. Texas Roadhouse had a net margin of 7.72% and a return on equity of 31.52%. The firm’s revenue was up 12.7% compared to the same quarter last year. During the same period in the previous year, the business posted $1.79 earnings per share. Equities research analysts anticipate that Texas Roadhouse, Inc. will post 7.23 EPS for the current year.

Texas Roadhouse Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 2nd were issued a dividend of $0.68 per share. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.6%. Texas Roadhouse’s dividend payout ratio (DPR) is presently 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.