Moran Wealth Management LLC Lowers Position in Texas Roadhouse, Inc. $TXRH

Moran Wealth Management LLC lessened its stake in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 5.4% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 56,893 shares of the restaurant operator’s stock after selling 3,273 shares during the period. Moran Wealth Management LLC’s holdings in Texas Roadhouse were worth $9,395,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Evergreen Capital Management LLC lifted its position in shares of Texas Roadhouse by 1.7% during the 4th quarter. Evergreen Capital Management LLC now owns 3,644 shares of the restaurant operator’s stock valued at $605,000 after buying an additional 60 shares in the last quarter. &PARTNERS increased its holdings in Texas Roadhouse by 3.5% in the 4th quarter. &PARTNERS now owns 1,820 shares of the restaurant operator’s stock worth $302,000 after acquiring an additional 61 shares in the last quarter. Fifth Third Bancorp increased its holdings in Texas Roadhouse by 11.6% in the 4th quarter. Fifth Third Bancorp now owns 644 shares of the restaurant operator’s stock worth $107,000 after acquiring an additional 67 shares in the last quarter. Beacon Investment Advisors LLC raised its stake in Texas Roadhouse by 1.4% during the 4th quarter. Beacon Investment Advisors LLC now owns 5,338 shares of the restaurant operator’s stock worth $886,000 after acquiring an additional 72 shares during the period. Finally, Compound Planning Inc. raised its stake in Texas Roadhouse by 5.6% during the 4th quarter. Compound Planning Inc. now owns 1,408 shares of the restaurant operator’s stock worth $234,000 after acquiring an additional 75 shares during the period. Hedge funds and other institutional investors own 94.82% of the company’s stock.

Insider Activity at Texas Roadhouse

In other Texas Roadhouse news, Director Jane Grote Abell sold 339 shares of Texas Roadhouse stock in a transaction on Monday, May 18th. The shares were sold at an average price of $177.43, for a total value of $60,148.77. Following the sale, the director directly owned 2,161 shares in the company, valued at approximately $383,426.23. The trade was a 13.56% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Lloyd Paul Marshall sold 1,000 shares of Texas Roadhouse stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $178.34, for a total transaction of $178,340.00. Following the completion of the sale, the insider owned 10,326 shares in the company, valued at approximately $1,841,538.84. This represents a 8.83% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 5,728 shares of company stock valued at $1,033,847 in the last ninety days. Corporate insiders own 0.50% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on TXRH shares. TD Cowen upped their price target on shares of Texas Roadhouse from $192.00 to $205.00 and gave the stock a “buy” rating in a research report on Wednesday, May 27th. BMO Capital Markets increased their price objective on shares of Texas Roadhouse from $165.00 to $180.00 and gave the stock a “market perform” rating in a research note on Thursday, May 21st. Royal Bank Of Canada upgraded shares of Texas Roadhouse from a “sector perform” rating to an “outperform” rating and raised their price objective for the company from $180.00 to $210.00 in a research report on Friday, May 15th. Barclays lowered their target price on shares of Texas Roadhouse from $188.00 to $175.00 and set an “equal weight” rating on the stock in a research note on Friday, May 8th. Finally, Wall Street Zen raised shares of Texas Roadhouse from a “sell” rating to a “hold” rating in a report on Sunday, May 10th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and fourteen have given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $196.36.

Texas Roadhouse Price Performance

NASDAQ TXRH opened at $194.28 on Friday. The stock’s 50 day moving average is $174.81 and its 200 day moving average is $175.16. The company has a current ratio of 0.46, a quick ratio of 0.40 and a debt-to-equity ratio of 0.03. Texas Roadhouse, Inc. has a 12 month low of $153.82 and a 12 month high of $197.00. The stock has a market cap of $12.77 billion, a PE ratio of 31.04, a P/E/G ratio of 2.12 and a beta of 0.78.

Texas Roadhouse (NASDAQ:TXRH) last announced its quarterly earnings data 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 business had revenue of $1.63 billion during the quarter, compared to analyst estimates of $1.64 billion. Texas Roadhouse had a net margin of 6.85% and a return on equity of 27.86%. The company’s revenue was up 10.5% on a year-over-year basis. During the same period last year, the firm posted $1.70 EPS. Research analysts predict that Texas Roadhouse, Inc. will post 6.42 EPS for the current fiscal year.

Texas Roadhouse Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 2nd were paid a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend was Tuesday, June 2nd. Texas Roadhouse’s dividend payout ratio (DPR) is presently 47.92%.

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.