Texas Roadhouse, Inc. $TXRH Shares Sold by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd lowered its stake in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 7.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 48,175 shares of the restaurant operator’s stock after selling 3,758 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Texas Roadhouse were worth $8,004,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. NewEdge Advisors LLC raised its holdings in Texas Roadhouse by 12.0% in the first quarter. NewEdge Advisors LLC now owns 2,423 shares of the restaurant operator’s stock valued at $404,000 after acquiring an additional 259 shares in the last quarter. Focus Partners Wealth increased its position in shares of Texas Roadhouse by 23.3% in the 1st quarter. Focus Partners Wealth now owns 6,124 shares of the restaurant operator’s stock valued at $1,020,000 after purchasing an additional 1,157 shares during the last quarter. Geneos Wealth Management Inc. increased its position in shares of Texas Roadhouse by 36.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 419 shares of the restaurant operator’s stock valued at $70,000 after purchasing an additional 111 shares during the last quarter. Sivia Capital Partners LLC acquired a new stake in shares of Texas Roadhouse in the 2nd quarter valued at $657,000. Finally, Farther Finance Advisors LLC lifted its position in shares of Texas Roadhouse by 22.8% during the 2nd quarter. Farther Finance Advisors LLC now owns 312 shares of the restaurant operator’s stock worth $59,000 after purchasing an additional 58 shares during the last quarter. 94.82% of the stock is owned by institutional investors and hedge funds.

Texas Roadhouse Trading Down 0.3%

Texas Roadhouse stock opened at $190.65 on Friday. The stock has a 50 day moving average of $175.19 and a two-hundred day moving average of $173.77. Texas Roadhouse, Inc. has a twelve month low of $148.73 and a twelve month high of $199.99. The stock has a market capitalization of $12.61 billion, a price-to-earnings ratio of 29.15, a PEG ratio of 3.00 and a beta of 0.89.

Texas Roadhouse (NASDAQ:TXRH) last released its quarterly earnings results on Thursday, November 6th. The restaurant operator reported $1.25 EPS for the quarter, missing the consensus estimate of $1.28 by ($0.03). Texas Roadhouse had a return on equity of 30.59% and a net margin of 7.49%.The company had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.43 billion. During the same quarter last year, the company earned $1.26 EPS. Texas Roadhouse’s revenue for the quarter was up 12.8% compared to the same quarter last year. Equities analysts predict that Texas Roadhouse, Inc. will post 7.23 earnings per share for the current year.

Texas Roadhouse Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 30th. Stockholders of record on Tuesday, December 2nd were paid a $0.68 dividend. This represents a $2.72 annualized dividend and a dividend yield of 1.4%. The ex-dividend date was Tuesday, December 2nd. Texas Roadhouse’s dividend payout ratio (DPR) is 41.59%.

Wall Street Analysts Forecast Growth

TXRH has been the subject of several recent analyst reports. The Goldman Sachs Group lowered their target price on shares of Texas Roadhouse from $200.00 to $180.00 and set a “neutral” rating for the company in a research note on Wednesday, October 1st. BMO Capital Markets lifted their price target on Texas Roadhouse from $155.00 to $170.00 and gave the stock a “market perform” rating in a report on Tuesday, January 6th. Stephens lowered their price objective on Texas Roadhouse from $175.00 to $168.00 and set an “equal weight” rating for the company in a research report on Friday, November 7th. Morgan Stanley increased their price objective on Texas Roadhouse from $205.00 to $208.00 and gave the company an “overweight” rating in a report on Tuesday. Finally, JPMorgan Chase & Co. decreased their target price on Texas Roadhouse from $200.00 to $182.00 and set a “neutral” rating for the company in a research note on Tuesday, October 7th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $196.33.

Insider Activity

In other news, Director Gregory N. Moore sold 1,400 shares of the business’s stock in a transaction dated Wednesday, December 3rd. The shares were sold at an average price of $170.00, for a total transaction of $238,000.00. Following the transaction, the director directly owned 32,150 shares in the company, valued at $5,465,500. The trade was a 4.17% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Hugh J. Carroll sold 1,000 shares of the stock in a transaction dated Thursday, December 4th. The stock was sold at an average price of $167.27, for a total transaction of $167,270.00. Following the transaction, the director directly owned 1,854 shares of the company’s stock, valued at $310,118.58. This represents a 35.04% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 12,400 shares of company stock valued at $2,320,920 over the last quarter. Corporate insiders own 0.50% of the company’s stock.

Texas Roadhouse Profile

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.