Yousif Capital Management LLC Sells 728 Shares of Texas Roadhouse, Inc. $TXRH

Yousif Capital Management LLC reduced its stake in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 4.4% during the 2nd quarter, HoldingsChannel reports. The fund owned 16,002 shares of the restaurant operator’s stock after selling 728 shares during the quarter. Yousif Capital Management LLC’s holdings in Texas Roadhouse were worth $2,999,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Axiom Investors LLC DE lifted its position in Texas Roadhouse by 3,696.7% in the 1st quarter. Axiom Investors LLC DE now owns 2,173,807 shares of the restaurant operator’s stock valued at $362,221,000 after acquiring an additional 2,116,552 shares in the last quarter. Roundview Capital LLC bought a new stake in Texas Roadhouse in the 2nd quarter valued at $1,482,000. Golden State Wealth Management LLC lifted its position in Texas Roadhouse by 157.3% in the 1st quarter. Golden State Wealth Management LLC now owns 4,658 shares of the restaurant operator’s stock valued at $776,000 after acquiring an additional 2,848 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in Texas Roadhouse by 253.5% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 38,086 shares of the restaurant operator’s stock valued at $6,346,000 after acquiring an additional 27,312 shares in the last quarter. Finally, Night Squared LP bought a new stake in Texas Roadhouse in the 1st quarter valued at $6,461,000. 94.82% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

TXRH has been the topic of several research reports. Truist Financial set a $212.00 price objective on shares of Texas Roadhouse and gave the company a “buy” rating in a research report on Wednesday, July 2nd. Stephens set a $175.00 price target on shares of Texas Roadhouse in a research note on Monday. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Texas Roadhouse in a research note on Tuesday, July 15th. Melius initiated coverage on shares of Texas Roadhouse in a research note on Monday, July 14th. They issued a “buy” rating and a $235.00 price target on the stock. Finally, The Goldman Sachs Group lowered their price target on shares of Texas Roadhouse from $200.00 to $180.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 1st. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and eleven have assigned a Hold rating to the company. According to data from MarketBeat.com, Texas Roadhouse presently has a consensus rating of “Moderate Buy” and an average price target of $195.25.

Texas Roadhouse Price Performance

Texas Roadhouse stock opened at $172.74 on Friday. The firm has a market capitalization of $11.48 billion, a PE ratio of 26.37, a P/E/G ratio of 2.55 and a beta of 0.82. The company’s 50-day moving average is $168.89 and its 200-day moving average is $176.81. Texas Roadhouse, Inc. has a fifty-two week low of $148.73 and a fifty-two week high of $206.04.

Texas Roadhouse (NASDAQ:TXRH) last released its quarterly earnings data on Thursday, August 7th. The restaurant operator reported $1.86 earnings per share for the quarter, missing the consensus estimate of $1.95 by ($0.09). The firm had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.50 billion. Texas Roadhouse had a return on equity of 31.52% and a net margin of 7.72%.The firm’s revenue for the quarter was up 12.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.79 earnings per share. As a group, analysts expect that Texas Roadhouse, Inc. will post 7.23 EPS for the current year.

Texas Roadhouse Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 2nd were paid a dividend of $0.68 per share. The ex-dividend date was Tuesday, September 2nd. This represents a $2.72 annualized dividend and a dividend yield of 1.6%. Texas Roadhouse’s payout ratio is currently 41.53%.

Insider Transactions at Texas Roadhouse

In other news, CTO Hernan E. Mujica sold 2,189 shares of the business’s stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $172.40, for a total transaction of $377,383.60. Following the transaction, the chief technology officer directly owned 17,553 shares in the company, valued at $3,026,137.20. The trade was a 11.09% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, President Regina A. Tobin sold 3,153 shares of the business’s stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $173.53, for a total transaction of $547,140.09. Following the transaction, the president owned 15,261 shares in the company, valued at $2,648,241.33. This represents a 17.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 8,342 shares of company stock worth $1,443,704 in the last ninety days. Insiders own 0.50% of the company’s stock.

Texas Roadhouse Company 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.