Snowden Capital Advisors LLC Has $603,000 Holdings in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Snowden Capital Advisors LLC increased its stake in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 3.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,343 shares of the restaurant operator’s stock after purchasing an additional 107 shares during the period. Snowden Capital Advisors LLC’s holdings in Texas Roadhouse were worth $603,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Royal Bank of Canada grew its stake in Texas Roadhouse by 4.7% in the fourth quarter. Royal Bank of Canada now owns 154,339 shares of the restaurant operator’s stock valued at $27,847,000 after acquiring an additional 6,954 shares during the period. ProShare Advisors LLC grew its stake in Texas Roadhouse by 7.4% in the fourth quarter. ProShare Advisors LLC now owns 3,121 shares of the restaurant operator’s stock valued at $563,000 after acquiring an additional 214 shares during the period. Nomura Holdings Inc. acquired a new position in Texas Roadhouse in the fourth quarter valued at about $1,597,000. Numerai GP LLC grew its stake in Texas Roadhouse by 335.3% in the fourth quarter. Numerai GP LLC now owns 12,895 shares of the restaurant operator’s stock valued at $2,327,000 after acquiring an additional 9,933 shares during the period. Finally, Lazard Asset Management LLC grew its stake in Texas Roadhouse by 1.5% in the fourth quarter. Lazard Asset Management LLC now owns 8,316 shares of the restaurant operator’s stock valued at $1,500,000 after acquiring an additional 119 shares during the period. 94.82% of the stock is owned by institutional investors and hedge funds.

Texas Roadhouse Stock Performance

TXRH opened at $191.36 on Wednesday. Texas Roadhouse, Inc. has a 52-week low of $148.73 and a 52-week high of $206.04. The firm has a market capitalization of $12.72 billion, a PE ratio of 29.58, a PEG ratio of 1.23 and a beta of 0.87. The business’s 50-day simple moving average is $170.13 and its 200 day simple moving average is $179.50.

Texas Roadhouse (NASDAQ:TXRH) last released its quarterly earnings data on Thursday, May 8th. The restaurant operator reported $1.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.75 by ($0.05). The business had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.44 billion. Texas Roadhouse had a net margin of 8.07% and a return on equity of 34.02%. Texas Roadhouse’s quarterly revenue was up 11.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.69 EPS. On average, research analysts forecast that Texas Roadhouse, Inc. will post 7.23 earnings per share for the current year.

Texas Roadhouse Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Tuesday, June 3rd will be paid a $0.68 dividend. The ex-dividend date is Tuesday, June 3rd. This represents a $2.72 annualized dividend and a yield of 1.42%. Texas Roadhouse’s dividend payout ratio is 41.98%.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. JPMorgan Chase & Co. decreased their target price on Texas Roadhouse from $185.00 to $184.00 and set a “neutral” rating for the company in a research note on Thursday, March 20th. Citigroup cut Texas Roadhouse from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $213.00 to $164.00 in a research report on Wednesday, April 23rd. Wells Fargo & Company reduced their price objective on Texas Roadhouse from $175.00 to $170.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 22nd. Stephens reduced their price objective on Texas Roadhouse from $186.00 to $180.00 and set an “equal weight” rating for the company in a research report on Friday, February 21st. Finally, UBS Group reduced their price objective on Texas Roadhouse from $210.00 to $200.00 and set a “buy” rating for the company in a research report on Monday, May 5th. Ten analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $191.62.

Insider Buying and Selling at Texas Roadhouse

In other Texas Roadhouse news, Director Curtis Warfield sold 4,190 shares of the company’s stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $178.80, for a total value of $749,172.00. Following the sale, the director now owns 10,082 shares in the company, valued at $1,802,661.60. This represents a 29.36% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Gregory N. Moore sold 2,700 shares of the company’s stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $168.26, for a total value of $454,302.00. The disclosure for this sale can be found here. Insiders have sold 17,535 shares of company stock worth $3,140,127 over the last 90 days. Company insiders own 0.50% of the company’s stock.

About Texas Roadhouse

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.