Texas Roadhouse, Inc. (NASDAQ:TXRH) Shares Sold by Capstone Investment Advisors LLC

Capstone Investment Advisors LLC reduced its stake in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 44.6% during the 3rd quarter, Holdings Channel reports. The fund owned 3,218 shares of the restaurant operator’s stock after selling 2,593 shares during the quarter. Capstone Investment Advisors LLC’s holdings in Texas Roadhouse were worth $568,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Thurston Springer Miller Herd & Titak Inc. purchased a new position in Texas Roadhouse in the second quarter worth approximately $25,000. Hollencrest Capital Management purchased a new stake in shares of Texas Roadhouse during the 2nd quarter worth $25,000. McClarren Financial Advisors Inc. lifted its position in shares of Texas Roadhouse by 4,175.0% during the 2nd quarter. McClarren Financial Advisors Inc. now owns 171 shares of the restaurant operator’s stock worth $29,000 after purchasing an additional 167 shares during the last quarter. PSI Advisors LLC grew its stake in shares of Texas Roadhouse by 70.8% during the third quarter. PSI Advisors LLC now owns 181 shares of the restaurant operator’s stock worth $32,000 after purchasing an additional 75 shares in the last quarter. Finally, UMB Bank n.a. increased its holdings in Texas Roadhouse by 118.6% in the third quarter. UMB Bank n.a. now owns 258 shares of the restaurant operator’s stock valued at $46,000 after buying an additional 140 shares during the last quarter. 94.82% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Donna E. Epps sold 610 shares of the company’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $195.66, for a total transaction of $119,352.60. Following the transaction, the director now directly owns 3,532 shares of the company’s stock, valued at $691,071.12. This represents a 14.73 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CTO Hernan E. Mujica sold 1,500 shares of the firm’s stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $202.26, for a total transaction of $303,390.00. Following the completion of the sale, the chief technology officer now owns 16,342 shares of the company’s stock, valued at $3,305,332.92. This trade represents a 8.41 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.50% of the company’s stock.

Texas Roadhouse Price Performance

NASDAQ:TXRH opened at $205.27 on Friday. The firm has a market cap of $13.69 billion, a price-to-earnings ratio of 35.27, a price-to-earnings-growth ratio of 1.73 and a beta of 0.98. The firm’s fifty day moving average price is $187.19 and its 200 day moving average price is $175.08. Texas Roadhouse, Inc. has a 1-year low of $110.88 and a 1-year high of $206.04.

Texas Roadhouse (NASDAQ:TXRH) last issued its quarterly earnings results on Thursday, October 24th. The restaurant operator reported $1.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.32 by ($0.06). The firm had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.27 billion. Texas Roadhouse had a return on equity of 31.33% and a net margin of 7.65%. The company’s revenue was up 13.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.95 earnings per share. As a group, analysts expect that Texas Roadhouse, Inc. will post 6.39 earnings per share for the current fiscal year.

Texas Roadhouse Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 10th will be paid a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.19%. The ex-dividend date of this dividend is Tuesday, December 10th. Texas Roadhouse’s dividend payout ratio (DPR) is 41.92%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on TXRH. Evercore ISI upped their price objective on Texas Roadhouse from $195.00 to $200.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 15th. Robert W. Baird upped their price target on Texas Roadhouse from $190.00 to $205.00 and gave the company an “outperform” rating in a report on Friday, October 25th. UBS Group raised their price objective on shares of Texas Roadhouse from $200.00 to $210.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Citigroup boosted their price objective on shares of Texas Roadhouse from $192.00 to $201.00 and gave the stock a “buy” rating in a research report on Tuesday, October 1st. Finally, Guggenheim increased their target price on shares of Texas Roadhouse from $190.00 to $195.00 and gave the company a “buy” rating in a research report on Wednesday, September 25th. Twelve analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $189.00.

Texas Roadhouse Profile

Texas Roadhouse, Inc, together with its subsidiaries, operates casual dining restaurants in the United States and internationally. It also operates and franchises restaurants under the Texas Roadhouse, Bubba's 33, and Jaggers names in 49 states and ten internationally. Texas Roadhouse, Inc was founded in 1993 and is based in Louisville, Kentucky.