Texas Roadhouse, Inc. $TXRH Shares Sold by Olympiad Research LP

Olympiad Research LP cut its holdings in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 39.0% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,371 shares of the restaurant operator’s stock after selling 876 shares during the quarter. Olympiad Research LP’s holdings in Texas Roadhouse were worth $257,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Oak Harvest Investment Services increased its position in Texas Roadhouse by 2.2% in the 2nd quarter. Oak Harvest Investment Services now owns 36,651 shares of the restaurant operator’s stock valued at $6,869,000 after acquiring an additional 797 shares during the period. Police & Firemen s Retirement System of New Jersey lifted its position in Texas Roadhouse by 4.3% during the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 25,241 shares of the restaurant operator’s stock worth $4,730,000 after acquiring an additional 1,041 shares during the period. Geode Capital Management LLC grew its stake in shares of Texas Roadhouse by 1.5% in the 2nd quarter. Geode Capital Management LLC now owns 1,302,021 shares of the restaurant operator’s stock valued at $244,048,000 after purchasing an additional 19,296 shares during the last quarter. denkapparat Operations GmbH increased its holdings in shares of Texas Roadhouse by 42.0% in the second quarter. denkapparat Operations GmbH now owns 2,030 shares of the restaurant operator’s stock valued at $380,000 after purchasing an additional 600 shares during the period. Finally, M&G PLC increased its holdings in shares of Texas Roadhouse by 4.6% in the second quarter. M&G PLC now owns 68,659 shares of the restaurant operator’s stock valued at $12,839,000 after purchasing an additional 3,039 shares during the period. 94.82% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Texas Roadhouse

In other Texas Roadhouse news, President Regina A. Tobin sold 3,153 shares of the business’s 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 completion of the transaction, the president directly owned 15,261 shares in the company, valued at approximately $2,648,241.33. The trade was a 17.12% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Gregory N. Moore sold 3,000 shares of the stock in a transaction on Monday, August 18th. The stock was sold at an average price of $173.06, for a total value of $519,180.00. Following the transaction, the director directly owned 34,550 shares in the company, valued at approximately $5,979,223. This represents a 7.99% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 8,342 shares of company stock worth $1,443,704. 0.50% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities analysts recently weighed in on TXRH shares. Mizuho upgraded shares of Texas Roadhouse to a “strong-buy” rating in a research report on Tuesday, October 28th. Weiss Ratings restated a “buy (b)” rating on shares of Texas Roadhouse in a research note on Wednesday, October 8th. Barclays lowered their target price on shares of Texas Roadhouse from $187.00 to $170.00 and set an “equal weight” rating on the stock in a report on Friday, November 7th. Stephens cut their price target on shares of Texas Roadhouse from $175.00 to $168.00 and set an “equal weight” rating for the company in a report on Friday, November 7th. Finally, Morgan Stanley reduced their price objective on shares of Texas Roadhouse from $210.00 to $205.00 and set an “overweight” rating for the company in a research report on Monday. Two investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $192.95.

Texas Roadhouse Stock Up 0.3%

Shares of TXRH opened at $168.10 on Friday. Texas Roadhouse, Inc. has a 52-week low of $148.73 and a 52-week high of $206.04. The company has a 50-day simple moving average of $167.14 and a 200-day simple moving average of $177.94. The company has a market capitalization of $11.17 billion, a PE ratio of 25.66, a P/E/G 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 analysts’ consensus estimates of $1.28 by ($0.03). Texas Roadhouse had a net margin of 7.72% and a return on equity of 31.52%. The company had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.43 billion. During the same period last year, the business posted $1.26 earnings per share. The company’s quarterly revenue was up 12.8% on a year-over-year basis. On average, research analysts anticipate that Texas Roadhouse, Inc. will post 7.23 EPS for the current year.

Texas Roadhouse Dividend Announcement

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

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.