AdvisorShares Investments LLC Sells 2,038 Shares of Texas Roadhouse, Inc. $TXRH

AdvisorShares Investments LLC decreased its holdings in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 68.6% during the second quarter, HoldingsChannel reports. The institutional investor owned 935 shares of the restaurant operator’s stock after selling 2,038 shares during the period. AdvisorShares Investments LLC’s holdings in Texas Roadhouse were worth $175,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Brooklyn Investment Group grew its stake in shares of Texas Roadhouse by 478.6% during the first quarter. Brooklyn Investment Group now owns 162 shares of the restaurant operator’s stock valued at $27,000 after buying an additional 134 shares during the last quarter. Bogart Wealth LLC purchased a new stake in shares of Texas Roadhouse in the first quarter valued at approximately $33,000. Ameritas Advisory Services LLC purchased a new stake in shares of Texas Roadhouse in the second quarter valued at approximately $53,000. Farther Finance Advisors LLC grew its position in shares of Texas Roadhouse by 22.8% during the 2nd quarter. Farther Finance Advisors LLC now owns 312 shares of the restaurant operator’s stock worth $59,000 after buying an additional 58 shares in the last quarter. Finally, WPG Advisers LLC bought a new position in shares of Texas Roadhouse during the 1st quarter worth $59,000. Institutional investors own 94.82% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on TXRH shares. Mizuho raised Texas Roadhouse to a “strong-buy” rating in a research report on Tuesday. Zacks Research downgraded Texas Roadhouse from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 22nd. Citigroup increased their price target on Texas Roadhouse from $180.00 to $197.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 29th. Bank of America increased their price target on Texas Roadhouse from $203.00 to $219.00 and gave the stock a “buy” rating in a research report on Friday, July 18th. Finally, Morgan Stanley restated an “overweight” rating and set a $210.00 target price on shares of Texas Roadhouse in a report on Tuesday, October 21st. Two investment analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Texas Roadhouse has an average rating of “Moderate Buy” and an average price target of $196.16.

Texas Roadhouse Stock Down 3.2%

Texas Roadhouse stock opened at $165.42 on Friday. The business has a fifty day moving average of $169.01 and a two-hundred day moving average of $177.80. The firm has a market cap of $10.99 billion, a P/E ratio of 25.25, a P/E/G ratio of 2.50 and a beta of 0.82. Texas Roadhouse, Inc. has a twelve month low of $148.73 and a twelve month high of $206.04.

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

Texas Roadhouse Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 2nd were paid a $0.68 dividend. The ex-dividend date was Tuesday, September 2nd. This represents a $2.72 dividend on an annualized basis and a yield of 1.6%. Texas Roadhouse’s dividend payout ratio (DPR) is 41.53%.

Insider Buying and Selling at Texas Roadhouse

In other Texas Roadhouse news, Director Gregory N. Moore sold 3,000 shares of the stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $173.06, for a total value of $519,180.00. Following the completion of the sale, the director directly owned 34,550 shares in the company, valued at approximately $5,979,223. This trade represents a 7.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, President Regina A. Tobin sold 3,153 shares of the stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $173.53, for a total value of $547,140.09. Following the completion of the sale, the president owned 15,261 shares of the company’s stock, valued at approximately $2,648,241.33. This trade represents a 17.12% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 8,342 shares of company stock worth $1,443,704. 0.50% of the stock is owned by 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.