Fulton Bank N.A. Reduces Stock Position in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Fulton Bank N.A. cut its holdings in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 2.4% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,051 shares of the restaurant operator’s stock after selling 174 shares during the quarter. Fulton Bank N.A.’s holdings in Texas Roadhouse were worth $1,211,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. LRI Investments LLC purchased a new stake in Texas Roadhouse during the 1st quarter worth approximately $25,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Texas Roadhouse during the 2nd quarter valued at approximately $25,000. Rise Advisors LLC acquired a new stake in shares of Texas Roadhouse during the 1st quarter valued at approximately $32,000. China Universal Asset Management Co. Ltd. lifted its stake in Texas Roadhouse by 454.5% during 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. Finally, TFC Financial Management Inc. boosted its holdings in Texas Roadhouse by 100.0% in the fourth quarter. TFC Financial Management Inc. now owns 580 shares of the restaurant operator’s stock worth $71,000 after purchasing an additional 290 shares during the period. 94.82% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

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

Wall Street Analyst Weigh In

TXRH has been the topic of a number of research reports. Jefferies Financial Group increased their target price on shares of Texas Roadhouse from $120.00 to $136.00 and gave the stock a “hold” rating in a report on Tuesday, April 16th. JPMorgan Chase & Co. cut their target price on shares of Texas Roadhouse from $184.00 to $180.00 and set a “neutral” rating on the stock in a report on Monday, July 29th. Stifel Nicolaus upped their target price on Texas Roadhouse from $155.00 to $175.00 and gave the company a “hold” rating in a report on Monday, May 6th. Barclays increased their price target on Texas Roadhouse from $138.00 to $160.00 and gave the stock an “equal weight” rating in a research report on Friday, May 3rd. Finally, Morgan Stanley upped their price objective on Texas Roadhouse from $155.00 to $162.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 16th. Thirteen equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, Texas Roadhouse presently has an average rating of “Hold” and a consensus target price of $169.86.

Texas Roadhouse Trading Up 2.8 %

TXRH stock traded up $4.51 during mid-day trading on Tuesday, reaching $166.50. 740,295 shares of the stock traded hands, compared to its average volume of 811,677. The stock’s fifty day moving average is $170.05 and its 200-day moving average is $156.73. The company has a market cap of $11.12 billion, a P/E ratio of 33.70, a P/E/G ratio of 1.50 and a beta of 1.01. Texas Roadhouse, Inc. has a 52-week low of $91.06 and a 52-week high of $177.72.

Texas Roadhouse (NASDAQ:TXRH) last posted its quarterly earnings data on Thursday, July 25th. The restaurant operator reported $1.79 EPS for the quarter, topping analysts’ consensus estimates of $1.64 by $0.15. The firm had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.34 billion. Texas Roadhouse had a net margin of 7.47% and a return on equity of 30.94%. The company’s revenue was up 14.5% on a year-over-year basis. During the same quarter last year, the business posted $1.22 EPS. Equities research analysts expect that Texas Roadhouse, Inc. will post 6.34 earnings per share for the current year.

Texas Roadhouse Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 25th. Shareholders of record on Wednesday, June 12th were paid a dividend of $0.61 per share. The ex-dividend date was Wednesday, June 12th. This represents a $2.44 annualized dividend and a yield of 1.47%. Texas Roadhouse’s dividend payout ratio (DPR) is presently 49.39%.

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.