Texas Roadhouse, Inc. $TXRH Shares Sold by Davidson Capital Management Inc.

Davidson Capital Management Inc. trimmed its holdings in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 29.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,330 shares of the restaurant operator’s stock after selling 5,030 shares during the period. Davidson Capital Management Inc.’s holdings in Texas Roadhouse were worth $2,047,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Oak Thistle LLC acquired a new stake in Texas Roadhouse during the 4th quarter worth about $1,553,000. Capital World Investors lifted its holdings in Texas Roadhouse by 580.2% in the third quarter. Capital World Investors now owns 2,236,885 shares of the restaurant operator’s stock valued at $371,658,000 after acquiring an additional 1,908,033 shares during the period. Caprock Group LLC acquired a new position in Texas Roadhouse in the third quarter valued at approximately $1,070,000. Bfsg LLC lifted its holdings in Texas Roadhouse by 111.1% in the third quarter. Bfsg LLC now owns 29,798 shares of the restaurant operator’s stock valued at $4,951,000 after acquiring an additional 15,682 shares during the period. Finally, Sequoia Financial Advisors LLC lifted its holdings in Texas Roadhouse by 101.0% in the third quarter. Sequoia Financial Advisors LLC now owns 5,377 shares of the restaurant operator’s stock valued at $893,000 after acquiring an additional 2,702 shares during the period. 94.82% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Wall Street Zen raised Texas Roadhouse from a “sell” rating to a “hold” rating in a report on Saturday, April 11th. The Goldman Sachs Group raised their price target on shares of Texas Roadhouse from $175.00 to $200.00 and gave the company a “neutral” rating in a research report on Wednesday, January 28th. TD Cowen started coverage on shares of Texas Roadhouse in a research report on Tuesday, January 20th. They set a “buy” rating and a $215.00 price target on the stock. Citigroup dropped their price target on shares of Texas Roadhouse from $190.00 to $184.00 and set a “neutral” rating on the stock in a research report on Friday, February 20th. Finally, Wells Fargo & Company reduced their price target on Texas Roadhouse from $220.00 to $200.00 and set an “overweight” rating for the company in a report on Thursday, April 16th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and thirteen have issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $195.52.

Insiders Place Their Bets

In other news, Director Donna E. Epps sold 850 shares of the stock in a transaction dated Friday, March 6th. The shares were sold at an average price of $172.45, for a total value of $146,582.50. Following the completion of the sale, the director directly owned 4,892 shares in the company, valued at $843,625.40. This represents a 14.80% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CTO Hernan E. Mujica sold 5,000 shares of the stock in a transaction dated Friday, March 13th. The shares were sold at an average price of $170.00, for a total transaction of $850,000.00. Following the completion of the sale, the chief technology officer owned 15,552 shares of the company’s stock, valued at $2,643,840. This trade represents a 24.33% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 12,988 shares of company stock valued at $2,218,144. Corporate insiders own 0.50% of the company’s stock.

Texas Roadhouse Stock Down 1.8%

TXRH opened at $158.15 on Thursday. Texas Roadhouse, Inc. has a twelve month low of $156.00 and a twelve month high of $199.99. The company has a 50-day moving average price of $170.90 and a 200 day moving average price of $173.27. The company has a market cap of $10.43 billion, a PE ratio of 25.97, a price-to-earnings-growth ratio of 1.80 and a beta of 0.88.

Texas Roadhouse (NASDAQ:TXRH) last issued its quarterly earnings results on Thursday, February 19th. The restaurant operator reported $1.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.53 by ($0.25). The firm had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.50 billion. Texas Roadhouse had a return on equity of 27.88% and a net margin of 6.90%.The business’s revenue was up 3.1% on a year-over-year basis. During the same period in the prior year, the firm earned $1.73 earnings per share. As a group, sell-side analysts expect that Texas Roadhouse, Inc. will post 6.34 earnings per share for the current year.

Texas Roadhouse Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 17th were given a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.9%. This is a positive change from Texas Roadhouse’s previous quarterly dividend of $0.68. The ex-dividend date was Tuesday, March 17th. Texas Roadhouse’s dividend payout ratio (DPR) is currently 49.26%.

About Texas Roadhouse

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.