Legal & General Group Plc Cuts Holdings in Texas Roadhouse, Inc. $TXRH

Legal & General Group Plc trimmed its holdings in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 16.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 101,752 shares of the restaurant operator’s stock after selling 20,087 shares during the quarter. Legal & General Group Plc’s holdings in Texas Roadhouse were worth $16,891,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Elyxium Wealth LLC purchased a new position in Texas Roadhouse during the fourth quarter valued at approximately $25,000. Princeton Global Asset Management LLC purchased a new position in Texas Roadhouse in the fourth quarter worth $31,000. Measured Wealth Private Client Group LLC purchased a new position in Texas Roadhouse in the third quarter worth $33,000. TD Private Client Wealth LLC grew its holdings in Texas Roadhouse by 137.5% in the fourth quarter. TD Private Client Wealth LLC now owns 266 shares of the restaurant operator’s stock worth $44,000 after purchasing an additional 154 shares during the last quarter. Finally, Geneos Wealth Management Inc. grew its holdings in Texas Roadhouse by 36.0% in the first quarter. Geneos Wealth Management Inc. now owns 419 shares of the restaurant operator’s stock worth $70,000 after purchasing an additional 111 shares during the last quarter. 94.82% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CTO Hernan E. Mujica sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, March 13th. The stock was sold at an average price of $170.00, for a total value of $850,000.00. Following the completion of the sale, the chief technology officer directly owned 15,552 shares in the company, valued at $2,643,840. This represents a 24.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Gregory N. Moore sold 1,700 shares of the stock in a transaction that occurred on Friday, March 6th. The shares were sold at an average price of $171.59, for a total value of $291,703.00. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 18,716 shares of company stock worth $3,251,991. Company insiders own 0.50% of the company’s stock.

Texas Roadhouse Trading Down 2.9%

NASDAQ TXRH opened at $175.40 on Tuesday. The company has a market capitalization of $11.53 billion, a PE ratio of 28.02, a P/E/G ratio of 1.98 and a beta of 0.79. The company has a fifty day moving average of $168.15 and a 200 day moving average of $173.82. Texas Roadhouse, Inc. has a 1 year low of $153.82 and a 1 year high of $197.00. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.46 and a quick ratio of 0.40.

Texas Roadhouse (NASDAQ:TXRH) last posted its earnings results on Thursday, May 7th. The restaurant operator reported $1.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.80 by $0.07. The company had revenue of $1.63 billion during the quarter, compared to the consensus estimate of $1.64 billion. Texas Roadhouse had a net margin of 6.85% and a return on equity of 27.86%. The firm’s quarterly revenue was up 10.5% on a year-over-year basis. During the same period in the previous year, the firm posted $1.70 earnings per share. Research analysts forecast that Texas Roadhouse, Inc. will post 6.4 earnings per share for the current year.

Texas Roadhouse Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 2nd will be given a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 1.7%. The ex-dividend date is Tuesday, June 2nd. Texas Roadhouse’s dividend payout ratio is 47.92%.

Analyst Ratings Changes

TXRH has been the topic of several analyst reports. Morgan Stanley reaffirmed an “overweight” rating and issued a $201.00 price target on shares of Texas Roadhouse in a report on Friday, May 8th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Texas Roadhouse in a report on Friday. Wells Fargo & Company cut their price target on shares of Texas Roadhouse from $220.00 to $200.00 and set an “overweight” rating on the stock in a report on Thursday, April 16th. Stifel Nicolaus lifted their price target on shares of Texas Roadhouse from $170.00 to $180.00 and gave the stock a “hold” rating in a report on Tuesday, May 12th. Finally, Citigroup cut their price target on shares of Texas Roadhouse from $176.00 to $174.00 and set a “neutral” rating on the stock in a report on Friday, May 8th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and fourteen have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $196.36.

Texas Roadhouse Company Profile

Texas Roadhouse, Inc is a casual dining restaurant chain specializing in hand‐cut steaks, fall‐off‐the‐bone ribs, chicken, seafood and house specialties. Each restaurant features a Western‐themed décor, open kitchens and a signature line dance presentation of fresh, made‐from‐scratch sides and breads. The company emphasizes an energetic dining experience, focusing on hospitality, value and a family‐friendly environment.

The concept was created in 1993 by founder Kent Taylor, who sought to combine high‐quality steaks with an approachable, community‐oriented atmosphere.