Savant Capital LLC Sells 27,387 Shares of Texas Roadhouse, Inc. $TXRH

Savant Capital LLC lowered its holdings in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 77.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,058 shares of the restaurant operator’s stock after selling 27,387 shares during the period. Savant Capital LLC’s holdings in Texas Roadhouse were worth $1,338,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Elyxium Wealth LLC bought a new stake in Texas Roadhouse during the fourth quarter worth about $25,000. Princeton Global Asset Management LLC bought a new stake in Texas Roadhouse during the fourth quarter worth about $31,000. Measured Wealth Private Client Group LLC bought a new stake in Texas Roadhouse during the third quarter worth about $33,000. TD Private Client Wealth LLC boosted its stake in Texas Roadhouse by 137.5% during the fourth quarter. TD Private Client Wealth LLC now owns 266 shares of the restaurant operator’s stock worth $44,000 after acquiring an additional 154 shares in the last quarter. Finally, Geneos Wealth Management Inc. lifted its stake in shares of Texas Roadhouse by 36.0% in the first quarter. Geneos Wealth Management Inc. now owns 419 shares of the restaurant operator’s stock worth $70,000 after buying an additional 111 shares in the last quarter. Institutional investors own 94.82% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. KeyCorp reiterated a “sector weight” rating on shares of Texas Roadhouse in a research note on Friday, February 20th. Guggenheim reiterated a “buy” rating and issued a $210.00 target price on shares of Texas Roadhouse in a research note on Monday, May 18th. TD Cowen upped their target price on shares of Texas Roadhouse from $192.00 to $205.00 and gave the stock a “buy” rating in a research note on Wednesday, May 27th. Truist Financial dropped their target price on shares of Texas Roadhouse from $188.00 to $186.00 and set a “hold” rating on the stock in a research note on Friday, February 20th. Finally, Royal Bank Of Canada upgraded shares of Texas Roadhouse from a “sector perform” rating to an “outperform” rating and upped their target price for the stock from $180.00 to $210.00 in a research note on Friday, May 15th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and fourteen have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $196.36.

Insider Buying and Selling at Texas Roadhouse

In other Texas Roadhouse news, insider Christopher C. Colson sold 499 shares of the company’s stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $179.22, for a total transaction of $89,430.78. Following the completion of the sale, the insider directly owned 14,500 shares of the company’s stock, valued at approximately $2,598,690. This represents a 3.33% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Gregory N. Moore sold 1,250 shares of the company’s stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $178.14, for a total transaction of $222,675.00. Following the sale, the director directly owned 30,900 shares of the company’s stock, valued at approximately $5,504,526. This represents a 3.89% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 18,716 shares of company stock valued at $3,251,991 in the last quarter. Insiders own 0.50% of the company’s stock.

Texas Roadhouse Stock Down 2.9%

TXRH opened at $175.40 on Tuesday. Texas Roadhouse, Inc. has a twelve month low of $153.82 and a twelve month high of $197.00. The stock has a market capitalization of $11.53 billion, a price-to-earnings ratio of 28.02, a PEG ratio of 1.98 and a beta of 0.79. The company has a quick ratio of 0.40, a current ratio of 0.46 and a debt-to-equity ratio of 0.03. The firm has a 50 day moving average price of $168.15 and a 200-day moving average price of $173.82.

Texas Roadhouse (NASDAQ:TXRH) last announced its earnings results on Thursday, May 7th. The restaurant operator reported $1.87 EPS for the quarter, beating analysts’ consensus estimates of $1.80 by $0.07. Texas Roadhouse had a net margin of 6.85% and a return on equity of 27.86%. The business had revenue of $1.63 billion during the quarter, compared to analysts’ expectations of $1.64 billion. During the same period in the prior year, the company earned $1.70 earnings per share. The firm’s revenue was up 10.5% on a year-over-year basis. Equities research analysts forecast that Texas Roadhouse, Inc. will post 6.4 earnings per share for the current year.

Texas Roadhouse Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 2nd will be issued a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend is Tuesday, June 2nd. Texas Roadhouse’s dividend payout ratio is currently 47.92%.

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.