Texas Roadhouse, Inc. $TXRH Shares Sold by Marks Group Wealth Management Inc

Marks Group Wealth Management Inc decreased its position in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 9.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 43,735 shares of the restaurant operator’s stock after selling 4,566 shares during the period. Marks Group Wealth Management Inc owned about 0.07% of Texas Roadhouse worth $7,260,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Rule One Partners LLC purchased a new stake in shares of Texas Roadhouse in the fourth quarter valued at about $249,000. Cerity Partners LLC raised its stake in shares of Texas Roadhouse by 120.9% during the 4th quarter. Cerity Partners LLC now owns 163,359 shares of the restaurant operator’s stock worth $27,118,000 after buying an additional 89,400 shares in the last quarter. LPL Financial LLC raised its stake in shares of Texas Roadhouse by 6.6% during the 4th quarter. LPL Financial LLC now owns 67,706 shares of the restaurant operator’s stock worth $11,239,000 after buying an additional 4,196 shares in the last quarter. Erste Asset Management GmbH raised its stake in shares of Texas Roadhouse by 25.0% during the 4th quarter. Erste Asset Management GmbH now owns 175,431 shares of the restaurant operator’s stock worth $29,192,000 after buying an additional 35,051 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC raised its stake in shares of Texas Roadhouse by 1.3% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 6,715 shares of the restaurant operator’s stock worth $1,115,000 after buying an additional 85 shares in the last quarter. Hedge funds and other institutional investors own 94.82% of the company’s stock.

Texas Roadhouse Stock Down 1.6%

Shares of NASDAQ TXRH opened at $167.78 on Tuesday. The company has a quick ratio of 0.40, a current ratio of 0.46 and a debt-to-equity ratio of 0.03. Texas Roadhouse, Inc. has a 52 week low of $153.82 and a 52 week high of $197.00. The firm has a 50-day moving average price of $168.05 and a 200 day moving average price of $173.77. The stock has a market capitalization of $11.03 billion, a price-to-earnings ratio of 26.80, a price-to-earnings-growth ratio of 1.87 and a beta of 0.79.

Texas Roadhouse (NASDAQ:TXRH) last announced its quarterly earnings data on Thursday, May 7th. The restaurant operator reported $1.87 EPS for the quarter, beating the consensus estimate of $1.80 by $0.07. Texas Roadhouse had a net margin of 6.85% and a return on equity of 27.86%. The firm had revenue of $1.63 billion during the quarter, compared to analysts’ expectations of $1.64 billion. During the same quarter last year, the business earned $1.70 earnings per share. The business’s revenue for the quarter was up 10.5% compared to the same quarter last year. Equities research analysts anticipate that Texas Roadhouse, Inc. will post 6.4 EPS for the current fiscal year.

Texas Roadhouse Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 2nd will be paid a $0.75 dividend. The ex-dividend date is Tuesday, June 2nd. This represents a $3.00 annualized dividend and a dividend yield of 1.8%. Texas Roadhouse’s dividend payout ratio (DPR) is 47.92%.

Insider Transactions at Texas Roadhouse

In other Texas Roadhouse news, insider Christopher C. Colson sold 499 shares of the firm’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $179.22, for a total transaction of $89,430.78. Following the completion of the transaction, the insider directly owned 14,500 shares in the company, valued at approximately $2,598,690. This trade represents a 3.33% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Jane Grote Abell sold 339 shares of the firm’s stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $177.43, for a total transaction of $60,148.77. Following the transaction, the director owned 2,161 shares of the company’s stock, valued at $383,426.23. This trade represents a 13.56% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 16,166 shares of company stock valued at $2,813,705. 0.50% of the stock is owned by company insiders.

Analyst Ratings Changes

TXRH has been the subject of a number of analyst reports. Wall Street Zen raised Texas Roadhouse from a “sell” rating to a “hold” rating in a research note on Sunday, May 10th. Stifel Nicolaus increased their target price on Texas Roadhouse from $170.00 to $180.00 and gave the stock a “hold” rating in a research note on Tuesday, May 12th. BTIG Research reissued a “buy” rating and set a $200.00 target price on shares of Texas Roadhouse in a research note on Friday, February 20th. BMO Capital Markets increased their target price on Texas Roadhouse from $165.00 to $180.00 and gave the stock a “market perform” rating in a research note on Thursday, May 21st. Finally, Barclays reduced their price objective on shares of Texas Roadhouse from $188.00 to $175.00 and set an “equal weight” rating for the company in a research note on Friday, May 8th. One investment 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 company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $196.36.

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.