First Trust Advisors LP Sells 51,867 Shares of Texas Roadhouse, Inc. $TXRH

First Trust Advisors LP lowered its stake in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 37.6% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 86,183 shares of the restaurant operator’s stock after selling 51,867 shares during the quarter. First Trust Advisors LP’s holdings in Texas Roadhouse were worth $14,232,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. AQR Capital Management LLC boosted its stake in Texas Roadhouse by 27.4% in the fourth quarter. AQR Capital Management LLC now owns 2,674,102 shares of the restaurant operator’s stock valued at $443,901,000 after acquiring an additional 575,685 shares during the last quarter. Capital World Investors lifted its stake in Texas Roadhouse by 13.4% in the fourth quarter. Capital World Investors now owns 2,537,290 shares of the restaurant operator’s stock valued at $421,190,000 after purchasing an additional 300,405 shares during the last quarter. UBS Group AG grew its holdings in Texas Roadhouse by 60.4% during the fourth quarter. UBS Group AG now owns 1,387,454 shares of the restaurant operator’s stock valued at $230,317,000 after purchasing an additional 522,509 shares during the period. Geode Capital Management LLC grew its holdings in Texas Roadhouse by 1.9% during the fourth quarter. Geode Capital Management LLC now owns 1,367,120 shares of the restaurant operator’s stock valued at $226,984,000 after purchasing an additional 24,834 shares during the period. Finally, Wellington Management Group LLP grew its position in Texas Roadhouse by 228.4% in the fourth quarter. Wellington Management Group LLP now owns 1,329,052 shares of the restaurant operator’s stock worth $220,623,000 after acquiring an additional 924,306 shares in the last quarter. Hedge funds and other institutional investors own 94.82% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on TXRH shares. Morgan Stanley restated an “overweight” rating and issued a $201.00 target price on shares of Texas Roadhouse in a research report on Friday, May 8th. Wall Street Zen upgraded shares of Texas Roadhouse from a “sell” rating to a “hold” rating in a report on Sunday, May 10th. Royal Bank Of Canada raised shares of Texas Roadhouse from a “sector perform” rating to an “outperform” rating and upped their price objective for the company from $180.00 to $210.00 in a research note on Friday, May 15th. Guggenheim reissued a “buy” rating and issued a $210.00 price target on shares of Texas Roadhouse in a research note on Monday, May 18th. Finally, Wells Fargo & Company raised their price objective on Texas Roadhouse from $200.00 to $220.00 and gave the company an “overweight” rating in a research note on Thursday, July 16th. Ten analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $194.90.

Texas Roadhouse Stock Performance

Shares of NASDAQ:TXRH opened at $208.22 on Friday. Texas Roadhouse, Inc. has a 12 month low of $153.82 and a 12 month high of $210.24. The company has a current ratio of 0.46, a quick ratio of 0.40 and a debt-to-equity ratio of 0.03. The company has a 50-day moving average price of $184.15 and a 200-day moving average price of $178.09. The company has a market cap of $13.69 billion, a price-to-earnings ratio of 33.26, a price-to-earnings-growth ratio of 2.31 and a beta of 0.78.

Texas Roadhouse (NASDAQ:TXRH) last posted its earnings results on Thursday, May 7th. The restaurant operator reported $1.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.80 by $0.07. Texas Roadhouse had a return on equity of 27.86% and a net margin of 6.85%.The firm had revenue of $1.63 billion for the quarter, compared to analysts’ expectations of $1.64 billion. During the same period in the previous year, the firm earned $1.70 earnings per share. The business’s revenue was up 10.5% compared to the same quarter last year. As a group, equities analysts anticipate that Texas Roadhouse, Inc. will post 6.45 EPS for the current year.

Texas Roadhouse Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 2nd were given a dividend of $0.75 per share. The ex-dividend date was Tuesday, June 2nd. This represents a $3.00 annualized dividend and a dividend yield of 1.4%. Texas Roadhouse’s payout ratio is currently 47.92%.

Insider Buying and Selling

In other Texas Roadhouse news, General Counsel Sean G. Renfroe sold 426 shares of the firm’s stock in a transaction dated Thursday, July 2nd. The shares were sold at an average price of $192.53, for a total value of $82,017.78. Following the completion of the sale, the general counsel directly owned 860 shares in the company, valued at $165,575.80. This trade represents a 33.13% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Curtis Warfield sold 2,640 shares of Texas Roadhouse stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $183.05, for a total value of $483,252.00. Following the sale, the director directly owned 5,361 shares in the company, valued at approximately $981,331.05. The trade was a 33.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 6,154 shares of company stock valued at $1,115,864 over the last quarter. 0.50% of the stock is currently owned by insiders.

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.