Texas Roadhouse, Inc. $TXRH Stock: Jefferies Financial Group Inc. Reduces Stake

Jefferies Financial Group Inc. cut its holdings in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 72.6% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,800 shares of the restaurant operator’s stock after selling 15,394 shares during the quarter. Jefferies Financial Group Inc.’s holdings in Texas Roadhouse were worth $907,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. acquired a new position in Texas Roadhouse during the second quarter worth about $1,273,173,000. Bank of America Corp DE bought a new position in shares of Texas Roadhouse in the second quarter worth about $113,993,000. Park Presidio Capital LLC acquired a new stake in shares of Texas Roadhouse in the 2nd quarter valued at approximately $102,977,000. Bank of New York Mellon Corp acquired a new stake in shares of Texas Roadhouse in the 2nd quarter valued at approximately $95,158,000. Finally, Bamco Inc. NY acquired a new stake in shares of Texas Roadhouse in the 2nd quarter valued at approximately $60,148,000. Institutional investors own 94.82% of the company’s stock.

Texas Roadhouse Trading Down 0.0%

Shares of TXRH stock traded down $0.01 during mid-day trading on Friday, reaching $185.98. 715,207 shares of the stock traded hands, compared to its average volume of 1,247,134. The stock’s fifty day simple moving average is $172.19 and its two-hundred day simple moving average is $179.03. Texas Roadhouse, Inc. has a 1-year low of $153.82 and a 1-year high of $216.30. The company has a market cap of $12.21 billion, a price-to-earnings ratio of 29.24, a price-to-earnings-growth ratio of 2.14 and a beta of 0.81. The company has a quick ratio of 0.39, a current ratio of 0.38 and a debt-to-equity ratio of 0.03.

Texas Roadhouse (NASDAQ:TXRH) last released its quarterly earnings data on Thursday, November 5th. The restaurant operator reported $1.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.46 by ($0.10). The firm had revenue of $1.57 billion during the quarter, compared to analyst estimates of $1.58 billion. Texas Roadhouse had a net margin of 6.59% and a return on equity of 27.01%. The business’s quarterly revenue was up 9.5% compared to the same quarter last year. During the same period in the prior year, the company earned $1.25 EPS. On average, research analysts anticipate that Texas Roadhouse, Inc. will post 6.37 EPS for the current fiscal year.

Texas Roadhouse Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 29th. Investors of record on Tuesday, December 1st will be given a dividend of $0.75 per share. The ex-dividend date is Tuesday, December 1st. This represents a $3.00 annualized dividend and a yield of 1.6%. Texas Roadhouse’s dividend payout ratio (DPR) is currently 47.17%.

Insider Activity

In other Texas Roadhouse news, CEO Gerald L. Morgan sold 15,000 shares of the company’s stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $202.17, for a total value of $3,032,550.00. Following the completion of the transaction, the chief executive officer directly owned 80,970 shares in the company, valued at approximately $16,369,704.90. This represents a 15.63% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Curtis Warfield sold 1,316 shares of the firm’s stock in a transaction on Tuesday, November 10th. The shares were sold at an average price of $190.19, for a total transaction of $250,290.04. Following the transaction, the director directly owned 4,045 shares of the company’s stock, valued at $769,318.55. The trade was a 24.55% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 18,286 shares of company stock worth $3,687,138. Company insiders own 0.50% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on TXRH shares. Vertical Research upgraded shares of Texas Roadhouse to a “buy” rating in a research report on Wednesday, October 14th. JPMorgan Chase & Co. dropped their price objective on shares of Texas Roadhouse from $202.00 to $200.00 and set a “neutral” rating for the company in a research note on Tuesday, September 29th. Evercore set a $220.00 target price on shares of Texas Roadhouse in a research report on Friday, September 25th. Stephens raised shares of Texas Roadhouse from an “equal weight” rating to an “overweight” rating and set a $205.00 target price on the stock in a research note on Thursday, October 15th. Finally, Mizuho upped their price target on shares of Texas Roadhouse from $190.00 to $220.00 and gave the stock an “outperform” rating in a report on Friday, October 30th. Two analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $208.04.

About Texas Roadhouse

Texas Roadhouse, Inc. operates and franchises casual dining restaurants under the Texas Roadhouse, Bubba’s 33 and Jaggers brands. Its restaurants are known for a lively atmosphere and made-from-scratch food. The Texas Roadhouse menu features hand-cut steaks, ribs, chicken, seafood and made-from-scratch sides, along with freshly baked bread. Bubba’s 33 offers a sports-bar setting with items such as burgers, pizza and wings, while Jaggers focuses on burgers, chicken sandwiches and salads. Founded in 1993 in Clarksville, Indiana, Texas Roadhouse is headquartered in Louisville, Kentucky.