Texas Roadhouse, Inc. $TXRH Shares Sold by Bank Julius Baer & Co. Ltd Zurich

Bank Julius Baer & Co. Ltd Zurich lessened its stake in shares of Texas Roadhouse, Inc. (NASDAQ:TXRHFree Report) by 17.7% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 16,405 shares of the restaurant operator’s stock after selling 3,524 shares during the period. Bank Julius Baer & Co. Ltd Zurich’s holdings in Texas Roadhouse were worth $2,744,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Princeton Global Asset Management LLC acquired a new stake in shares of Texas Roadhouse during the 4th quarter valued at $31,000. Measured Wealth Private Client Group LLC acquired a new stake in shares of Texas Roadhouse during the 3rd quarter valued at $33,000. Root Financial Partners LLC acquired a new stake in shares of Texas Roadhouse during the 3rd quarter valued at $36,000. LRI Investments LLC lifted its position in shares of Texas Roadhouse by 100.0% during the 3rd quarter. LRI Investments LLC now owns 300 shares of the restaurant operator’s stock valued at $50,000 after acquiring an additional 150 shares during the last quarter. Finally, Parkside Financial Bank & Trust lifted its position in shares of Texas Roadhouse by 100.6% during the 3rd quarter. Parkside Financial Bank & Trust now owns 355 shares of the restaurant operator’s stock valued at $59,000 after acquiring an additional 178 shares during the last quarter. Institutional investors and hedge funds own 94.82% of the company’s stock.

Texas Roadhouse Price Performance

TXRH opened at $177.97 on Friday. The stock has a fifty day moving average of $166.60 and a 200-day moving average of $172.77. The firm has a market capitalization of $11.70 billion, a P/E ratio of 28.43, a PEG ratio of 1.94 and a beta of 0.77. Texas Roadhouse, Inc. has a 12-month low of $153.82 and a 12-month high of $199.99. The company has a quick ratio of 0.45, a current ratio of 0.46 and a debt-to-equity ratio of 0.03.

Texas Roadhouse (NASDAQ:TXRHGet Free Report) last released its earnings results on Thursday, May 7th. The restaurant operator reported $1.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.80 by $0.07. The company had revenue of $1.63 billion during the quarter, compared to analyst estimates of $1.64 billion. Texas Roadhouse had a return on equity of 27.86% and a net margin of 6.85%.The company’s revenue for the quarter was up 10.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.70 earnings per share. Equities analysts forecast that Texas Roadhouse, Inc. will post 6.38 EPS for the current fiscal year.

Texas Roadhouse Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 2nd will be issued a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 1.7%. The ex-dividend date is Tuesday, June 2nd. Texas Roadhouse’s dividend payout ratio (DPR) is currently 47.92%.

Insider Buying and Selling at Texas Roadhouse

In related news, Director Gregory N. Moore sold 1,250 shares of the stock in a transaction on Monday, May 11th. The stock was sold at an average price of $178.14, for a total transaction of $222,675.00. Following the completion of the sale, the director directly owned 30,900 shares in the company, valued at approximately $5,504,526. This trade represents a 3.89% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, President Regina A. Tobin sold 4,450 shares of the stock in a transaction on Thursday, March 19th. The stock was sold at an average price of $171.00, for a total value of $760,950.00. Following the sale, the president owned 13,778 shares of the company’s stock, valued at approximately $2,356,038. This represents a 24.41% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 17,878 shares of company stock valued at $3,102,411 in the last quarter. Corporate insiders own 0.50% of the company’s stock.

Key Texas Roadhouse News

Here are the key news stories impacting Texas Roadhouse this week:

  • Positive Sentiment: RBC Capital and UBS both turned bullish on Texas Roadhouse, adding to a generally supportive analyst backdrop that can boost investor confidence in TXRH. Texas Roadhouse attracts a bull rating from RBC Capital Texas Roadhouse (TXRH) Gets a Buy from UBS
  • Positive Sentiment: JPMorgan raised its price target on TXRH to $188 from $182, signaling expectations for additional upside from current levels. Texas Roadhouse had its price target raised by JPMorgan Chase & Co.
  • Positive Sentiment: Texas Roadhouse’s latest earnings beat EPS estimates, and revenue grew 10.5% year over year, reinforcing the stock’s fundamental support after the company’s May 7 report. Texas Roadhouse stock and earnings details
  • Neutral Sentiment: Analysts continue to view TXRH favorably overall, but the consensus rating remains “Hold,” which may limit how far the stock can run on news alone.
  • Neutral Sentiment: The company also announced a quarterly dividend of $0.75 per share, which supports the investment case but is not likely the main driver of trading today.
  • Negative Sentiment: Insiders sold shares this week, including director Gregory Moore and insider Lloyd Paul Marshall, which can create a slight headwind if investors read the activity as limited near-term enthusiasm. SEC filing for Lloyd Paul Marshall transaction

Analyst Upgrades and Downgrades

TXRH has been the subject of a number of recent research reports. BTIG Research reiterated a “buy” rating and set a $200.00 price objective on shares of Texas Roadhouse in a research report on Friday, February 20th. TD Cowen cut their price objective on Texas Roadhouse from $215.00 to $192.00 and set a “buy” rating for the company in a research report on Friday, May 8th. Barclays cut their price objective on Texas Roadhouse from $188.00 to $175.00 and set an “equal weight” rating for the company in a research report on Friday, May 8th. Royal Bank Of Canada upgraded Texas Roadhouse from a “sector perform” rating to an “outperform” rating and increased their price objective for the company from $180.00 to $210.00 in a research report on Friday. Finally, Wells Fargo & Company cut their price objective on Texas Roadhouse from $220.00 to $200.00 and set an “overweight” rating for the company in a research report on Thursday, April 16th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and fourteen have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $195.09.

Read Our Latest Stock Analysis on TXRH

About Texas Roadhouse

(Free Report)

Texas Roadhouse, Inc is a casual dining restaurant chain specializing in hand‐cut steaks, fall‐off‐the‐bone ribs, chicken, seafood and house specialties. Each restaurant features a Western‐themed décor, open kitchens and a signature line dance presentation of fresh, made‐from‐scratch sides and breads. The company emphasizes an energetic dining experience, focusing on hospitality, value and a family‐friendly environment.

The concept was created in 1993 by founder Kent Taylor, who sought to combine high‐quality steaks with an approachable, community‐oriented atmosphere.

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

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