Texas Roadhouse, Inc. $TXRH Stock Holdings Trimmed by Bank of New York Mellon Corp

Bank of New York Mellon Corp lessened its holdings in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 4.9% in the second quarter, HoldingsChannel reports. The fund owned 605,925 shares of the restaurant operator’s stock after selling 31,430 shares during the period. Bank of New York Mellon Corp’s holdings in Texas Roadhouse were worth $113,556,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of TXRH. Axiom Investors LLC DE raised its stake in shares of Texas Roadhouse by 3,696.7% during the first quarter. Axiom Investors LLC DE now owns 2,173,807 shares of the restaurant operator’s stock valued at $362,221,000 after purchasing an additional 2,116,552 shares in the last quarter. T. Rowe Price Investment Management Inc. increased its stake in Texas Roadhouse by 209.3% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 1,609,608 shares of the restaurant operator’s stock valued at $268,209,000 after buying an additional 1,089,256 shares during the period. AQR Capital Management LLC increased its stake in Texas Roadhouse by 54.3% during 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 period. Geneva Capital Management LLC raised its position in shares of Texas Roadhouse by 6.1% during the 2nd quarter. Geneva Capital Management LLC now owns 961,390 shares of the restaurant operator’s stock worth $180,174,000 after buying an additional 54,993 shares in the last quarter. Finally, Wellington Management Group LLP lifted its stake in shares of Texas Roadhouse by 9.8% in 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 period. 94.82% of the stock is owned by institutional investors and hedge funds.

Texas Roadhouse Stock Performance

Shares of NASDAQ:TXRH opened at $165.03 on Friday. The company has a market capitalization of $10.97 billion, a PE ratio of 25.20, a price-to-earnings-growth ratio of 2.50 and a beta of 0.87. The stock has a fifty day moving average of $167.61 and a 200-day moving average of $177.86. Texas Roadhouse, Inc. has a one year low of $148.73 and a one year high of $206.04.

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 return on equity of 31.52% and a net margin of 7.72%.The company had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.43 billion. During the same quarter in the previous year, the firm earned $1.26 earnings per share. The business’s revenue was up 12.8% compared to the same quarter last year. As a group, research analysts forecast that Texas Roadhouse, Inc. will post 7.23 EPS for the current fiscal year.

Texas Roadhouse Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 30th. Shareholders of record on Tuesday, December 2nd will be issued a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a yield of 1.6%. The ex-dividend date is Tuesday, December 2nd. Texas Roadhouse’s payout ratio is presently 41.53%.

Insider Buying and Selling at Texas Roadhouse

In other Texas Roadhouse news, President Regina A. Tobin sold 3,153 shares of the firm’s stock in a transaction dated Monday, August 18th. The shares were 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 $2,648,241.33. This trade represents a 17.12% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CTO Hernan E. Mujica sold 2,189 shares of Texas Roadhouse stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $172.40, for a total transaction of $377,383.60. Following the transaction, the chief technology officer owned 17,553 shares in the company, valued at approximately $3,026,137.20. The trade was a 11.09% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 8,342 shares of company stock valued at $1,443,704. 0.50% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts recently commented on TXRH shares. Mizuho upgraded shares of Texas Roadhouse to a “strong-buy” rating in a research note on Tuesday, October 28th. Evercore ISI lowered Texas Roadhouse from an “outperform” rating to an “in-line” rating and set a $190.00 price target for the company. in a research note on Thursday, September 4th. Royal Bank Of Canada lowered their price target on Texas Roadhouse from $185.00 to $175.00 and set a “sector perform” rating on the stock in a research report on Friday. Zacks Research lowered Texas Roadhouse from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 22nd. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Texas Roadhouse in a research note on Tuesday, July 15th. Two research 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. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $193.21.

About Texas Roadhouse

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.