Harold Davidson & Associates Inc. Sells 1,183 Shares of Texas Roadhouse, Inc. $TXRH

Harold Davidson & Associates Inc. reduced its holdings in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 15.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,406 shares of the restaurant operator’s stock after selling 1,183 shares during the quarter. Harold Davidson & Associates Inc.’s holdings in Texas Roadhouse were worth $1,067,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of TXRH. Axiom Investors LLC DE increased its holdings in shares of Texas Roadhouse by 3,696.7% in the first quarter. Axiom Investors LLC DE now owns 2,173,807 shares of the restaurant operator’s stock worth $362,221,000 after acquiring an additional 2,116,552 shares in the last quarter. T. Rowe Price Investment Management Inc. increased its holdings in shares of Texas Roadhouse by 209.3% in the first quarter. T. Rowe Price Investment Management Inc. now owns 1,609,608 shares of the restaurant operator’s stock worth $268,209,000 after acquiring an additional 1,089,256 shares in the last quarter. Congress Asset Management Co. increased its holdings in shares of Texas Roadhouse by 8,956.4% in the first quarter. Congress Asset Management Co. now owns 465,679 shares of the restaurant operator’s stock worth $77,596,000 after acquiring an additional 460,537 shares in the last quarter. AQR Capital Management LLC increased its holdings in shares of Texas Roadhouse by 54.3% in the first quarter. AQR Capital Management LLC now owns 1,261,587 shares of the restaurant operator’s stock worth $209,840,000 after acquiring an additional 443,767 shares in the last quarter. Finally, GAMMA Investing LLC increased its holdings in shares of Texas Roadhouse by 19,250.9% in the first quarter. GAMMA Investing LLC now owns 325,095 shares of the restaurant operator’s stock worth $54,171,000 after acquiring an additional 323,415 shares in the last quarter. 94.82% of the stock is currently owned by institutional investors.

Texas Roadhouse Stock Up 0.7%

TXRH stock opened at $167.16 on Friday. The business has a 50 day moving average price of $179.02 and a two-hundred day moving average price of $178.56. The company has a market cap of $11.11 billion, a price-to-earnings ratio of 25.52, a P/E/G ratio of 2.27 and a beta of 0.84. Texas Roadhouse, Inc. has a twelve month low of $148.73 and a twelve month high of $206.04.

Texas Roadhouse (NASDAQ:TXRH) last posted its quarterly earnings results on Thursday, August 7th. The restaurant operator reported $1.86 earnings per share for the quarter, missing analysts’ consensus estimates of $1.95 by ($0.09). The company had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.50 billion. Texas Roadhouse had a net margin of 7.72% and a return on equity of 31.52%. The firm’s revenue for the quarter was up 12.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.79 earnings per share. On average, equities research analysts anticipate that Texas Roadhouse, Inc. will post 7.23 EPS for the current fiscal year.

Texas Roadhouse Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 2nd will be paid a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date is Tuesday, September 2nd. Texas Roadhouse’s dividend payout ratio (DPR) is currently 41.53%.

Insider Buying and Selling at Texas Roadhouse

In other Texas Roadhouse news, Director Gregory N. Moore sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $173.06, for a total value of $519,180.00. Following the completion of the transaction, the director directly owned 34,550 shares in the company, valued at $5,979,223. This trade represents a 7.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CTO Hernan E. Mujica sold 2,189 shares of the firm’s stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $172.40, for a total value of $377,383.60. Following the completion of the transaction, the chief technology officer owned 17,553 shares of the company’s stock, valued at approximately $3,026,137.20. This represents a 11.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 8,342 shares of company stock worth $1,443,704 over the last ninety days. 0.50% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on TXRH shares. Melius Research upgraded Texas Roadhouse to a “strong-buy” rating in a report on Monday, July 14th. UBS Group increased their price objective on Texas Roadhouse from $200.00 to $220.00 and gave the stock a “buy” rating in a report on Friday, June 6th. Bank of America increased their price objective on Texas Roadhouse from $203.00 to $219.00 and gave the stock a “buy” rating in a report on Friday, July 18th. The Goldman Sachs Group increased their price objective on Texas Roadhouse from $184.00 to $205.00 and gave the stock a “neutral” rating in a report on Wednesday, June 4th. Finally, Melius initiated coverage on Texas Roadhouse in a report on Monday, July 14th. They set a “buy” rating and a $235.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and eleven have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $197.35.

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.