Texas Roadhouse, Inc. (NASDAQ:TXRH) Shares Sold by Larson Financial Group LLC

Larson Financial Group LLC cut its position in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 27.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,118 shares of the restaurant operator’s stock after selling 416 shares during the period. Larson Financial Group LLC’s holdings in Texas Roadhouse were worth $197,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the company. Victory Capital Management Inc. boosted its stake in Texas Roadhouse by 194.9% during the 3rd quarter. Victory Capital Management Inc. now owns 67,733 shares of the restaurant operator’s stock worth $11,962,000 after purchasing an additional 44,768 shares during the last quarter. SG Americas Securities LLC boosted its position in Texas Roadhouse by 200.6% during the second quarter. SG Americas Securities LLC now owns 19,067 shares of the restaurant operator’s stock worth $3,274,000 after acquiring an additional 12,725 shares during the last quarter. Thrivent Financial for Lutherans grew its stake in Texas Roadhouse by 0.9% during the 3rd quarter. Thrivent Financial for Lutherans now owns 483,045 shares of the restaurant operator’s stock valued at $85,306,000 after acquiring an additional 4,391 shares in the last quarter. Massachusetts Financial Services Co. MA acquired a new stake in Texas Roadhouse in the 3rd quarter valued at about $17,853,000. Finally, Harbor Capital Advisors Inc. lifted its stake in Texas Roadhouse by 320.0% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 11,940 shares of the restaurant operator’s stock worth $2,050,000 after purchasing an additional 9,097 shares in the last quarter. 94.82% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Royal Bank of Canada increased their price target on Texas Roadhouse from $175.00 to $185.00 and gave the company a “sector perform” rating in a report on Friday, October 25th. Evercore ISI upped their price target on Texas Roadhouse from $195.00 to $200.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 15th. Barclays raised their price objective on shares of Texas Roadhouse from $160.00 to $175.00 and gave the company an “equal weight” rating in a research note on Friday, October 25th. Guggenheim upped their price target on Texas Roadhouse from $190.00 to $195.00 and gave the stock a “buy” rating in a report on Wednesday, September 25th. Finally, Morgan Stanley raised their price objective on shares of Texas Roadhouse from $200.00 to $205.00 and gave the company an “equal weight” rating in a report on Friday, October 25th. Twelve analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $189.00.

Insiders Place Their Bets

In other Texas Roadhouse news, CTO Hernan E. Mujica sold 1,500 shares of the firm’s stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $202.26, for a total transaction of $303,390.00. Following the completion of the transaction, the chief technology officer now directly owns 16,342 shares in the company, valued at approximately $3,305,332.92. This trade represents a 8.41 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Donna E. Epps sold 610 shares of Texas Roadhouse stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $195.66, for a total transaction of $119,352.60. Following the transaction, the director now owns 3,532 shares of the company’s stock, valued at approximately $691,071.12. The trade was a 14.73 % decrease in their position. The disclosure for this sale can be found here. 0.50% of the stock is owned by company insiders.

Texas Roadhouse Stock Down 0.7 %

Shares of NASDAQ:TXRH opened at $203.36 on Thursday. Texas Roadhouse, Inc. has a fifty-two week low of $110.88 and a fifty-two week high of $205.85. The firm’s 50-day simple moving average is $185.86 and its 200-day simple moving average is $174.61. The company has a market cap of $13.57 billion, a price-to-earnings ratio of 34.94, a PEG ratio of 1.72 and a beta of 0.98.

Texas Roadhouse (NASDAQ:TXRH) last posted its quarterly earnings results on Thursday, October 24th. The restaurant operator reported $1.26 earnings per share for the quarter, missing analysts’ consensus estimates of $1.32 by ($0.06). The business had revenue of $1.27 billion during the quarter, compared to analysts’ expectations of $1.27 billion. Texas Roadhouse had a net margin of 7.65% and a return on equity of 31.33%. The firm’s quarterly revenue was up 13.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.95 earnings per share. On average, research analysts forecast that Texas Roadhouse, Inc. will post 6.39 EPS for the current year.

Texas Roadhouse Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 10th will be issued a dividend of $0.61 per share. The ex-dividend date of this dividend is Tuesday, December 10th. This represents a $2.44 annualized dividend and a yield of 1.20%. Texas Roadhouse’s dividend payout ratio is presently 41.92%.

Texas Roadhouse 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.