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

Parallel Advisors LLC cut its stake in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 1.0% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 6,675 shares of the restaurant operator’s stock after selling 70 shares during the period. Parallel Advisors LLC’s holdings in Texas Roadhouse were worth $1,112,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of TXRH. GAMMA Investing LLC boosted its holdings in shares of Texas Roadhouse by 19,250.9% in the 1st quarter. GAMMA Investing LLC now owns 325,095 shares of the restaurant operator’s stock valued at $54,171,000 after purchasing an additional 323,415 shares during the last quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO acquired a new position in Texas Roadhouse in the first quarter valued at $1,753,000. Versant Capital Management Inc boosted its holdings in Texas Roadhouse by 153.9% in the first quarter. Versant Capital Management Inc now owns 457 shares of the restaurant operator’s stock valued at $76,000 after acquiring an additional 277 shares during the last quarter. Central Pacific Bank Trust Division grew its position in Texas Roadhouse by 16.7% during the first quarter. Central Pacific Bank Trust Division now owns 1,120 shares of the restaurant operator’s stock valued at $187,000 after acquiring an additional 160 shares during the period. Finally, First Hawaiian Bank increased its stake in Texas Roadhouse by 101.0% during the first quarter. First Hawaiian Bank now owns 17,309 shares of the restaurant operator’s stock worth $2,884,000 after acquiring an additional 8,698 shares during the last quarter. 94.82% of the stock is owned by institutional investors and hedge funds.

Texas Roadhouse Trading Down 0.5%

Texas Roadhouse stock opened at $194.85 on Monday. Texas Roadhouse, Inc. has a 52 week low of $148.73 and a 52 week high of $206.04. The stock has a market cap of $12.93 billion, a P/E ratio of 30.12, a price-to-earnings-growth ratio of 1.23 and a beta of 0.87. The stock has a 50 day moving average of $173.47 and a 200-day moving average of $179.25.

Texas Roadhouse (NASDAQ:TXRH) last posted its quarterly earnings data on Thursday, May 8th. The restaurant operator reported $1.70 EPS for the quarter, missing analysts’ consensus estimates of $1.75 by ($0.05). The company had revenue of $1.45 billion for 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%. The company’s revenue was up 11.8% compared to the same quarter last year. During the same quarter last year, the company earned $1.69 earnings per share. As a group, equities analysts predict that Texas Roadhouse, Inc. will post 7.23 earnings per share for the current fiscal year.

Texas Roadhouse Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Tuesday, June 3rd will be issued a $0.68 dividend. This represents a $2.72 annualized dividend and a yield of 1.40%. The ex-dividend date is Tuesday, June 3rd. Texas Roadhouse’s dividend payout ratio is currently 41.98%.

Insider Activity at Texas Roadhouse

In other news, Director Donna E. Epps sold 800 shares of Texas Roadhouse stock in a transaction that occurred on Friday, May 23rd. The stock was sold at an average price of $186.52, for a total value of $149,216.00. Following the completion of the transaction, the director now owns 4,632 shares in the company, valued at approximately $863,960.64. This trade represents a 14.73% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Curtis Warfield sold 3,281 shares of the business’s stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $183.67, for a total value of $602,621.27. Following the completion of the sale, the director now owns 6,801 shares of the company’s stock, valued at $1,249,139.67. This trade represents a 32.54% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 8,235 shares of company stock valued at $1,524,966 over the last three months. 0.50% of the stock is owned by insiders.

Analyst Ratings Changes

Several research firms have recently weighed in on TXRH. Wells Fargo & Company reduced their price objective on Texas Roadhouse from $175.00 to $170.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 22nd. Robert W. Baird set a $180.00 price target on shares of Texas Roadhouse and gave the company an “outperform” rating in a research report on Monday, April 7th. Citigroup lowered shares of Texas Roadhouse from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $213.00 to $164.00 in a research report on Wednesday, April 23rd. Stephens cut their target price on shares of Texas Roadhouse from $186.00 to $180.00 and set an “equal weight” rating on the stock in a research note on Friday, February 21st. Finally, Truist Financial decreased their price target on shares of Texas Roadhouse from $209.00 to $205.00 and set a “buy” rating for the company in a research report on Friday, February 21st. Ten analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, Texas Roadhouse has a consensus rating of “Moderate Buy” and an average price target of $191.62.

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.