Waddell & Reed Financial Inc. Sells 25,050 Shares of Texas Roadhouse Inc (TXRH)

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Waddell & Reed Financial Inc. lowered its stake in Texas Roadhouse Inc (NASDAQ:TXRH) by 3.0% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 801,305 shares of the restaurant operator’s stock after selling 25,050 shares during the quarter. Waddell & Reed Financial Inc. owned approximately 1.12% of Texas Roadhouse worth $52,493,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. MetLife Investment Advisors LLC increased its position in shares of Texas Roadhouse by 2.8% in the second quarter. MetLife Investment Advisors LLC now owns 72,161 shares of the restaurant operator’s stock valued at $4,727,000 after acquiring an additional 1,983 shares during the last quarter. Marshall Wace LLP increased its position in shares of Texas Roadhouse by 854.3% in the second quarter. Marshall Wace LLP now owns 124,389 shares of the restaurant operator’s stock valued at $8,149,000 after acquiring an additional 111,354 shares during the last quarter. Vident Investment Advisory LLC increased its position in shares of Texas Roadhouse by 12.7% in the second quarter. Vident Investment Advisory LLC now owns 14,840 shares of the restaurant operator’s stock valued at $972,000 after acquiring an additional 1,674 shares during the last quarter. Cubist Systematic Strategies LLC increased its position in shares of Texas Roadhouse by 496.4% in the second quarter. Cubist Systematic Strategies LLC now owns 15,960 shares of the restaurant operator’s stock valued at $1,046,000 after acquiring an additional 13,284 shares during the last quarter. Finally, Point72 Asset Management L.P. increased its position in shares of Texas Roadhouse by 86.8% in the second quarter. Point72 Asset Management L.P. now owns 142,100 shares of the restaurant operator’s stock valued at $9,309,000 after acquiring an additional 66,041 shares during the last quarter. 91.44% of the stock is currently owned by institutional investors and hedge funds.

In other news, insider S. Chris Jacobsen sold 1,500 shares of the business’s stock in a transaction that occurred on Friday, September 7th. The stock was sold at an average price of $75.00, for a total transaction of $112,500.00. Following the completion of the sale, the insider now owns 13,533 shares in the company, valued at $1,014,975. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Tonya Robinson sold 1,023 shares of the business’s stock in a transaction that occurred on Wednesday, August 22nd. The stock was sold at an average price of $67.17, for a total value of $68,714.91. Following the sale, the chief financial officer now owns 2 shares of the company’s stock, valued at approximately $134.34. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 4,023 shares of company stock valued at $286,215. Corporate insiders own 5.89% of the company’s stock.

A number of equities analysts recently commented on TXRH shares. Barclays lifted their price target on Texas Roadhouse from $70.00 to $72.00 and gave the stock a “$69.18” rating in a report on Wednesday, July 18th. BidaskClub cut Texas Roadhouse from a “strong-buy” rating to a “buy” rating in a report on Wednesday, July 11th. Stifel Nicolaus lifted their price target on Texas Roadhouse from $68.00 to $72.00 and gave the stock a “buy” rating in a report on Thursday, July 12th. Wedbush reiterated a “buy” rating and set a $69.00 price target on shares of Texas Roadhouse in a report on Wednesday, May 30th. Finally, Mizuho reiterated a “buy” rating and set a $72.00 price target on shares of Texas Roadhouse in a report on Friday, July 20th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $64.02.

Shares of NASDAQ:TXRH opened at $72.08 on Friday. Texas Roadhouse Inc has a 12-month low of $47.51 and a 12-month high of $75.24. The company has a market cap of $5.18 billion, a PE ratio of 36.59, a PEG ratio of 2.62 and a beta of 0.63.

Texas Roadhouse (NASDAQ:TXRH) last issued its quarterly earnings data on Monday, July 30th. The restaurant operator reported $0.62 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.05). Texas Roadhouse had a return on equity of 18.15% and a net margin of 6.76%. The firm had revenue of $629.24 million for the quarter, compared to the consensus estimate of $634.52 million. During the same quarter in the prior year, the firm earned $0.53 EPS. The company’s revenue was up 11.1% on a year-over-year basis. equities research analysts expect that Texas Roadhouse Inc will post 2.33 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 28th. Stockholders of record on Wednesday, September 12th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.39%. The ex-dividend date of this dividend is Tuesday, September 11th. Texas Roadhouse’s dividend payout ratio is presently 50.76%.

Texas Roadhouse Profile

Texas Roadhouse, Inc, together with its subsidiaries, operates casual dining restaurants in the United States and internationally. The company operates and franchises Texas Roadhouse and Bubba's 33 restaurants. As of February 20, 2018, it owned and operated approximately 550 restaurants. Texas Roadhouse, Inc was founded in 1993 and is based in Louisville, Kentucky.

Further Reading: Outstanding Shares and The Effect on Share Price

Institutional Ownership by Quarter for Texas Roadhouse (NASDAQ:TXRH)

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