Texas Roadhouse, Inc. $TXRH Shares Sold by Vanguard Personalized Indexing Management LLC

Vanguard Personalized Indexing Management LLC reduced its stake in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 1.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,083 shares of the restaurant operator’s stock after selling 103 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Texas Roadhouse were worth $1,515,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Axiom Investors LLC DE lifted its stake in Texas Roadhouse by 3,696.7% during the first quarter. Axiom Investors LLC DE now owns 2,173,807 shares of the restaurant operator’s stock valued at $362,221,000 after purchasing an additional 2,116,552 shares during the last quarter. T. Rowe Price Investment Management Inc. lifted its stake in Texas Roadhouse by 209.3% during the first quarter. T. Rowe Price Investment Management Inc. now owns 1,609,608 shares of the restaurant operator’s stock valued at $268,209,000 after purchasing an additional 1,089,256 shares during the last quarter. AQR Capital Management LLC lifted its stake in Texas Roadhouse by 54.3% during the first quarter. AQR Capital Management LLC now owns 1,261,587 shares of the restaurant operator’s stock valued at $209,840,000 after purchasing an additional 443,767 shares during the last quarter. Nuveen LLC acquired a new stake in Texas Roadhouse during the first quarter valued at approximately $36,208,000. Finally, TD Asset Management Inc lifted its stake in Texas Roadhouse by 49.1% during the first quarter. TD Asset Management Inc now owns 600,666 shares of the restaurant operator’s stock valued at $100,089,000 after purchasing an additional 197,939 shares during the last quarter. 94.82% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

TXRH has been the subject of several recent research reports. Stephens set a $175.00 target price on shares of Texas Roadhouse in a research note on Monday. Bank of America increased their target price on shares of Texas Roadhouse from $203.00 to $219.00 and gave the company a “buy” rating in a research note on Friday, July 18th. Guggenheim reissued a “buy” rating and set a $210.00 target price on shares of Texas Roadhouse in a research note on Tuesday, September 16th. Morgan Stanley upped their price target on shares of Texas Roadhouse from $200.00 to $205.00 and gave the company an “overweight” rating in a research report on Monday, July 14th. Finally, The Goldman Sachs Group reduced their price target on shares of Texas Roadhouse from $200.00 to $180.00 and set a “neutral” rating for the company in a research report on Wednesday, October 1st. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and eleven have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $195.25.

Texas Roadhouse Stock Performance

Shares of NASDAQ:TXRH opened at $177.48 on Friday. The company has a market cap of $11.79 billion, a PE ratio of 27.10, a price-to-earnings-growth ratio of 2.56 and a beta of 0.82. Texas Roadhouse, Inc. has a 52 week low of $148.73 and a 52 week high of $206.04. The firm has a 50 day simple moving average of $168.98 and a 200 day simple moving average of $176.87.

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 company had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.50 billion. Texas Roadhouse had a net margin of 7.72% and a return on equity of 31.52%. The firm’s quarterly revenue was up 12.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.79 EPS. On average, equities analysts predict that Texas Roadhouse, Inc. will post 7.23 earnings per share for the current year.

Texas Roadhouse Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 2nd were paid a $0.68 dividend. This represents a $2.72 annualized dividend and a yield of 1.5%. The ex-dividend date was Tuesday, September 2nd. Texas Roadhouse’s dividend payout ratio is currently 41.53%.

Insider Buying and Selling at Texas Roadhouse

In other Texas Roadhouse news, CTO Hernan E. Mujica sold 2,189 shares of the company’s stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $172.40, for a total value of $377,383.60. Following the transaction, the chief technology officer owned 17,553 shares in the company, valued at approximately $3,026,137.20. This represents a 11.09% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Gregory N. Moore sold 3,000 shares of the company’s stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $173.06, for a total transaction of $519,180.00. Following the completion of the transaction, the director owned 34,550 shares in the company, valued at approximately $5,979,223. This represents a 7.99% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 8,342 shares of company stock worth $1,443,704. 0.50% of the stock is currently owned by company insiders.

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.