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 16.5% during the 4th quarter, HoldingsChannel.com reports. The fund owned 29,510 shares of the restaurant operator’s stock after selling 5,825 shares during the quarter. Hantz Financial Services Inc.’s holdings in Texas Roadhouse were worth $4,899,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in TXRH. Capital World Investors raised its position in shares of Texas Roadhouse by 580.2% during the 3rd quarter. Capital World Investors now owns 2,236,885 shares of the restaurant operator’s stock valued at $371,658,000 after acquiring an additional 1,908,033 shares in the last quarter. Balyasny Asset Management L.P. acquired a new stake in shares of Texas Roadhouse during the 3rd quarter valued at approximately $157,310,000. Victory Capital Management Inc. raised its position in shares of Texas Roadhouse by 770.6% during the 3rd quarter. Victory Capital Management Inc. now owns 972,251 shares of the restaurant operator’s stock valued at $161,540,000 after acquiring an additional 860,571 shares in the last quarter. Steadfast Capital Management LP raised its position in shares of Texas Roadhouse by 99.2% during the 3rd quarter. Steadfast Capital Management LP now owns 1,275,648 shares of the restaurant operator’s stock valued at $211,949,000 after acquiring an additional 635,178 shares in the last quarter. Finally, UBS Group AG raised its position in shares of Texas Roadhouse by 60.4% during the 4th quarter. UBS Group AG now owns 1,387,454 shares of the restaurant operator’s stock valued at $230,317,000 after acquiring an additional 522,509 shares in the last quarter. 94.82% of the stock is owned by institutional investors and hedge funds.

Texas Roadhouse Stock Performance

NASDAQ:TXRH opened at $177.57 on Tuesday. Texas Roadhouse, Inc. has a 1 year low of $153.82 and a 1 year high of $199.99. The stock has a market cap of $11.67 billion, a price-to-earnings ratio of 28.37, a PEG ratio of 1.95 and a beta of 0.77. The business has a fifty day moving average of $167.20 and a 200-day moving average of $173.23. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.40 and a current ratio of 0.46.

Texas Roadhouse (NASDAQ:TXRH) last released its quarterly earnings results on Thursday, May 7th. The restaurant operator reported $1.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.80 by $0.07. Texas Roadhouse had a return on equity of 27.86% and a net margin of 6.85%.The company had revenue of $1.63 billion during the quarter, compared to analysts’ expectations of $1.64 billion. During the same quarter in the prior year, the business posted $1.70 earnings per share. The company’s revenue for the quarter was up 10.5% compared to the same quarter last year. Equities analysts predict that Texas Roadhouse, Inc. will post 6.39 earnings per share for the current year.

Texas Roadhouse Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 2nd will be issued a $0.75 dividend. The ex-dividend date is Tuesday, June 2nd. This represents a $3.00 annualized dividend and a dividend yield of 1.7%. Texas Roadhouse’s dividend payout ratio is 47.92%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. KeyCorp restated a “sector weight” rating on shares of Texas Roadhouse in a research note on Friday, February 20th. Piper Sandler upped their price objective on Texas Roadhouse from $190.00 to $192.00 and gave the stock a “neutral” rating in a research note on Monday, May 11th. Benchmark restated a “hold” rating on shares of Texas Roadhouse in a research note on Monday, February 23rd. TD Cowen lowered their price objective on Texas Roadhouse from $215.00 to $192.00 and set a “buy” rating for the company in a research note on Friday, May 8th. Finally, BTIG Research restated a “buy” rating and set a $200.00 price objective on shares of Texas Roadhouse in a research note on Friday, February 20th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and fourteen have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Texas Roadhouse currently has an average rating of “Hold” and an average target price of $195.77.

Insiders Place Their Bets

In other news, insider Lloyd Paul Marshall sold 1,000 shares of the company’s stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $178.34, for a total value of $178,340.00. Following the completion of the sale, the insider owned 10,326 shares in the company, valued at $1,841,538.84. This represents a 8.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, President Regina A. Tobin sold 4,450 shares of the company’s stock in a transaction on Thursday, March 19th. The shares were sold at an average price of $171.00, for a total value of $760,950.00. Following the completion of the sale, the president owned 13,778 shares of the company’s stock, valued at approximately $2,356,038. This trade represents a 24.41% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 18,217 shares of company stock valued at $3,162,560. 0.50% of the stock is currently owned by insiders.

Texas Roadhouse Profile

Texas Roadhouse, Inc is a casual dining restaurant chain specializing in hand‐cut steaks, fall‐off‐the‐bone ribs, chicken, seafood and house specialties. Each restaurant features a Western‐themed décor, open kitchens and a signature line dance presentation of fresh, made‐from‐scratch sides and breads. The company emphasizes an energetic dining experience, focusing on hospitality, value and a family‐friendly environment.

The concept was created in 1993 by founder Kent Taylor, who sought to combine high‐quality steaks with an approachable, community‐oriented atmosphere.