Fort Washington Investment Advisors Inc. OH Sells 19,530 Shares of Texas Roadhouse, Inc. $TXRH

Fort Washington Investment Advisors Inc. OH trimmed its position in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 14.0% during the 1st quarter, HoldingsChannel reports. The firm owned 119,715 shares of the restaurant operator’s stock after selling 19,530 shares during the period. Fort Washington Investment Advisors Inc. OH’s holdings in Texas Roadhouse were worth $19,770,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Elyxium Wealth LLC purchased a new stake in shares of Texas Roadhouse during the 4th quarter valued at about $25,000. Princeton Global Asset Management LLC purchased a new position in shares of Texas Roadhouse in the fourth quarter worth approximately $31,000. Measured Wealth Private Client Group LLC purchased a new position in shares of Texas Roadhouse in the third quarter worth approximately $33,000. Garton & Associates Financial Advisors LLC bought a new stake in Texas Roadhouse during the fourth quarter valued at approximately $34,000. Finally, TD Private Client Wealth LLC grew its position in Texas Roadhouse by 137.5% during the fourth quarter. TD Private Client Wealth LLC now owns 266 shares of the restaurant operator’s stock valued at $44,000 after buying an additional 154 shares during the period. 94.82% of the stock is currently owned by institutional investors.

Texas Roadhouse Price Performance

NASDAQ TXRH opened at $196.59 on Monday. 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 $12.92 billion, a price-to-earnings ratio of 31.40, a PEG ratio of 2.15 and a beta of 0.79. The company’s 50 day moving average is $171.63 and its two-hundred day moving average is $174.27.

Texas Roadhouse (NASDAQ:TXRH) last posted its quarterly earnings results on Thursday, May 7th. The restaurant operator reported $1.87 earnings per share for the quarter, topping 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 in the prior year, the business posted $1.70 earnings per share. As a group, research analysts anticipate that Texas Roadhouse, Inc. will post 6.42 earnings per share for the current year.

Texas Roadhouse Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 2nd will be paid a dividend of $0.75 per share. The ex-dividend date is Tuesday, June 2nd. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.5%. Texas Roadhouse’s payout ratio is 47.92%.

Insider Activity at Texas Roadhouse

In other Texas Roadhouse news, Director Jane Grote Abell sold 339 shares of the firm’s stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $177.43, for a total transaction of $60,148.77. Following the sale, the director directly 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. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Gregory N. Moore sold 1,250 shares of the firm’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $178.14, for a total value of $222,675.00. Following the sale, the director directly owned 30,900 shares in the company, valued at approximately $5,504,526. This represents a 3.89% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 5,728 shares of company stock worth $1,033,847 in the last 90 days. Company insiders own 0.50% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on TXRH. JPMorgan Chase & Co. upped their target price on shares of Texas Roadhouse from $182.00 to $188.00 and gave the company a “neutral” rating in a report on Thursday, May 14th. Barclays cut 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 report on Friday, May 8th. Citigroup reduced their price objective on Texas Roadhouse from $176.00 to $174.00 and set a “neutral” rating for the company in a research note on Friday, May 8th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Texas Roadhouse in a report on Friday, May 29th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $200.00 target price on shares of Texas Roadhouse in a research report 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 stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $196.36.

Texas Roadhouse Company 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.