Hodges Capital Management Inc. Sells 2,970 Shares of Texas Roadhouse, Inc. $TXRH

Hodges Capital Management Inc. cut its holdings in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 13.8% in the 2nd quarter, HoldingsChannel reports. The fund owned 18,539 shares of the restaurant operator’s stock after selling 2,970 shares during the period. Hodges Capital Management Inc.’s holdings in Texas Roadhouse were worth $3,474,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Axiom Investors LLC DE increased its holdings in Texas Roadhouse by 3,696.7% during the 1st quarter. Axiom Investors LLC DE now owns 2,173,807 shares of the restaurant operator’s stock worth $362,221,000 after purchasing an additional 2,116,552 shares in the last quarter. T. Rowe Price Investment Management Inc. grew its holdings 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 worth $268,209,000 after buying an additional 1,089,256 shares in the last quarter. AQR Capital Management LLC raised its position in Texas Roadhouse by 54.3% in the 1st quarter. AQR Capital Management LLC now owns 1,261,587 shares of the restaurant operator’s stock valued at $209,840,000 after buying an additional 443,767 shares during the last quarter. Geneva Capital Management LLC lifted its stake in Texas Roadhouse by 6.1% during the 2nd quarter. Geneva Capital Management LLC now owns 961,390 shares of the restaurant operator’s stock valued at $180,174,000 after acquiring an additional 54,993 shares in the last quarter. Finally, Wellington Management Group LLP boosted its holdings in Texas Roadhouse by 9.8% during the 1st quarter. Wellington Management Group LLP now owns 750,479 shares of the restaurant operator’s stock worth $125,052,000 after acquiring an additional 66,731 shares during the last quarter. Institutional investors own 94.82% of the company’s stock.

Texas Roadhouse Trading Up 2.7%

Texas Roadhouse stock opened at $165.03 on Monday. The business’s 50 day simple moving average is $167.61 and its 200 day simple moving average is $178.06. Texas Roadhouse, Inc. has a 12 month low of $148.73 and a 12 month high of $206.04. The company has a market cap of $10.97 billion, a price-to-earnings ratio of 25.20, a PEG ratio of 2.50 and a beta of 0.87.

Texas Roadhouse (NASDAQ:TXRH) last issued its earnings results on Thursday, November 6th. The restaurant operator reported $1.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.28 by ($0.03). The firm had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.43 billion. Texas Roadhouse had a net margin of 7.72% and a return on equity of 31.52%. The business’s quarterly revenue was up 12.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.26 earnings per share. As a group, equities research analysts forecast that Texas Roadhouse, Inc. will post 7.23 earnings per share for the current fiscal year.

Texas Roadhouse Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 30th. Investors of record on Tuesday, December 2nd will be paid a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date is Tuesday, December 2nd. Texas Roadhouse’s dividend payout ratio is presently 41.59%.

Insider Activity at Texas Roadhouse

In other Texas Roadhouse news, Director Gregory N. Moore sold 3,000 shares of the business’s stock in a transaction 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 sale, the director owned 34,550 shares of the company’s stock, valued at $5,979,223. The trade was a 7.99% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, President Regina A. Tobin sold 3,153 shares of the stock in a transaction on Monday, August 18th. The stock was sold at an average price of $173.53, for a total value of $547,140.09. Following the sale, the president owned 15,261 shares in the company, valued at approximately $2,648,241.33. This represents a 17.12% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 8,342 shares of company stock worth $1,443,704. 0.50% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on TXRH. UBS Group dropped their price target on shares of Texas Roadhouse from $220.00 to $210.00 and set a “buy” rating on the stock in a research report on Monday, November 3rd. Truist Financial decreased their price objective on shares of Texas Roadhouse from $210.00 to $195.00 and set a “buy” rating for the company in a research note on Friday. Melius Research raised shares of Texas Roadhouse to a “strong-buy” rating in a research report on Monday, July 14th. JPMorgan Chase & Co. decreased their price target on Texas Roadhouse from $200.00 to $182.00 and set a “neutral” rating for the company in a research report on Tuesday, October 7th. Finally, Royal Bank Of Canada cut their price objective on Texas Roadhouse from $185.00 to $175.00 and set a “sector perform” rating on the stock in a research report on Friday. Two investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $193.21.

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.