Texas Roadhouse, Inc. $TXRH Shares Sold by Hantz Financial Services Inc.

Hantz Financial Services Inc. reduced its position in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 10.9% during the second quarter, HoldingsChannel reports. The firm owned 42,841 shares of the restaurant operator’s stock after selling 5,234 shares during the quarter. Hantz Financial Services Inc.’s holdings in Texas Roadhouse were worth $8,029,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in TXRH. Brooklyn Investment Group lifted its position 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 worth $27,000 after purchasing an additional 134 shares in the last quarter. Bogart Wealth LLC acquired a new position in Texas Roadhouse in the 1st quarter worth $33,000. Ameritas Advisory Services LLC acquired a new position in Texas Roadhouse in the 2nd quarter worth $53,000. WPG Advisers LLC acquired a new position in Texas Roadhouse in the 1st quarter worth $59,000. Finally, Farther Finance Advisors LLC lifted its stake in shares of Texas Roadhouse by 22.8% in the second quarter. Farther Finance Advisors LLC now owns 312 shares of the restaurant operator’s stock worth $59,000 after acquiring an additional 58 shares in the last quarter. 94.82% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Texas Roadhouse news, CTO Hernan E. Mujica sold 2,189 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at $3,026,137.20. This trade represents a 11.09% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Gregory N. Moore sold 3,000 shares of the firm’s stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $173.06, for a total transaction of $519,180.00. Following the completion of the transaction, the director directly owned 34,550 shares in the company, valued at $5,979,223. This represents a 7.99% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 8,342 shares of company stock worth $1,443,704 over the last quarter. 0.50% of the stock is owned by company insiders.

Texas Roadhouse Stock Down 3.2%

Shares of NASDAQ TXRH opened at $165.42 on Friday. The stock has a market capitalization of $10.99 billion, a P/E ratio of 25.25, a PEG ratio of 2.50 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 stock’s 50 day moving average price is $169.01 and its two-hundred day moving average price is $177.80.

Texas Roadhouse (NASDAQ:TXRH) last posted its quarterly earnings results on Thursday, August 7th. The restaurant operator reported $1.86 earnings per share (EPS) 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 net margin of 7.72% and a return on equity of 31.52%. The business’s revenue was up 12.7% on a year-over-year basis. During the same period in the prior year, the company posted $1.79 earnings per share. On average, analysts anticipate that Texas Roadhouse, Inc. will post 7.23 EPS for the current year.

Texas Roadhouse Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors 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 yield of 1.6%. Texas Roadhouse’s dividend payout ratio is 41.53%.

Wall Street Analyst Weigh In

Several research analysts recently commented on TXRH shares. Guggenheim reiterated a “buy” rating and issued a $210.00 price target on shares of Texas Roadhouse in a research note on Tuesday, September 16th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Texas Roadhouse in a research report on Tuesday, July 15th. Zacks Research lowered Texas Roadhouse from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 22nd. Barclays cut their price target on shares of Texas Roadhouse from $189.00 to $187.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 22nd. Finally, Morgan Stanley reaffirmed an “overweight” rating and issued a $210.00 price target on shares of Texas Roadhouse in a report on Tuesday, October 21st. Two research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Texas Roadhouse presently has an average rating of “Moderate Buy” and a consensus price target of $196.16.

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.