American International Group Inc. Sells 1,825 Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH)

American International Group Inc. lowered its position in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 2.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 88,966 shares of the restaurant operator’s stock after selling 1,825 shares during the quarter. American International Group Inc. owned about 0.13% of Texas Roadhouse worth $13,743,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Avior Wealth Management LLC boosted its position in Texas Roadhouse by 3.2% during the fourth quarter. Avior Wealth Management LLC now owns 3,579 shares of the restaurant operator’s stock valued at $437,000 after buying an additional 111 shares during the period. Bridge City Capital LLC boosted its position in Texas Roadhouse by 0.8% during the first quarter. Bridge City Capital LLC now owns 19,245 shares of the restaurant operator’s stock valued at $2,973,000 after buying an additional 150 shares during the period. Advisory Services Network LLC boosted its position in Texas Roadhouse by 0.6% during the fourth quarter. Advisory Services Network LLC now owns 29,163 shares of the restaurant operator’s stock valued at $3,565,000 after buying an additional 170 shares during the period. Janiczek Wealth Management LLC boosted its position in Texas Roadhouse by 13.5% during the first quarter. Janiczek Wealth Management LLC now owns 1,607 shares of the restaurant operator’s stock valued at $248,000 after buying an additional 191 shares during the period. Finally, China Universal Asset Management Co. Ltd. grew its stake in shares of Texas Roadhouse by 454.5% in the first quarter. China Universal Asset Management Co. Ltd. now owns 244 shares of the restaurant operator’s stock worth $38,000 after purchasing an additional 200 shares during the last quarter. Institutional investors own 94.82% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on TXRH shares. Barclays raised their target price on Texas Roadhouse from $138.00 to $160.00 and gave the stock an “equal weight” rating in a research note on Friday, May 3rd. JPMorgan Chase & Co. lifted their target price on shares of Texas Roadhouse from $145.00 to $184.00 and gave the company a “neutral” rating in a report on Tuesday, May 28th. Truist Financial lifted their target price on shares of Texas Roadhouse from $183.00 to $185.00 and gave the company a “buy” rating in a report on Tuesday, July 9th. Stifel Nicolaus boosted their price objective on shares of Texas Roadhouse from $155.00 to $175.00 and gave the stock a “hold” rating in a report on Monday, May 6th. Finally, BTIG Research boosted their target price on shares of Texas Roadhouse from $155.00 to $175.00 and gave the company a “buy” rating in a research note on Friday, May 3rd. Thirteen investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $165.23.

Texas Roadhouse Trading Up 1.0 %

TXRH traded up $1.72 during trading hours on Thursday, hitting $167.18. 765,659 shares of the company’s stock were exchanged, compared to its average volume of 800,738. Texas Roadhouse, Inc. has a 12-month low of $91.06 and a 12-month high of $175.72. The firm has a 50 day moving average of $169.81 and a 200 day moving average of $153.62. The firm has a market cap of $11.17 billion, a P/E ratio of 33.45, a price-to-earnings-growth ratio of 1.66 and a beta of 1.01.

Texas Roadhouse (NASDAQ:TXRH) last announced its earnings results on Thursday, May 2nd. The restaurant operator reported $1.69 earnings per share for the quarter, topping the consensus estimate of $1.65 by $0.04. Texas Roadhouse had a net margin of 6.94% and a return on equity of 28.85%. The firm had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.32 billion. During the same period in the prior year, the firm earned $1.28 EPS. The firm’s revenue for the quarter was up 12.5% on a year-over-year basis. As a group, research analysts expect that Texas Roadhouse, Inc. will post 6.06 EPS for the current fiscal year.

Texas Roadhouse Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 25th. Shareholders of record on Wednesday, June 12th were issued a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a yield of 1.46%. The ex-dividend date of this dividend was Wednesday, June 12th. Texas Roadhouse’s dividend payout ratio (DPR) is presently 49.39%.

Insiders Place Their Bets

In other Texas Roadhouse news, CEO Gerald L. Morgan sold 15,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 28th. The shares were sold at an average price of $171.70, for a total transaction of $2,575,500.00. Following the completion of the transaction, the chief executive officer now owns 77,847 shares in the company, valued at approximately $13,366,329.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Director Curtis Warfield sold 1,025 shares of the stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $165.82, for a total transaction of $169,965.50. Following the completion of the sale, the director now owns 12,372 shares in the company, valued at approximately $2,051,525.04. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Gerald L. Morgan sold 15,000 shares of the stock in a transaction on Tuesday, May 28th. The stock was sold at an average price of $171.70, for a total transaction of $2,575,500.00. Following the sale, the chief executive officer now owns 77,847 shares of the company’s stock, valued at approximately $13,366,329.90. The disclosure for this sale can be found here. Insiders sold 19,025 shares of company stock worth $3,251,266 in the last 90 days. Corporate insiders own 0.50% of the company’s stock.

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.