Aberdeen Group plc Sells 11,014 Shares of Texas Roadhouse, Inc. $TXRH

Key Points

• Aberdeen Group plc reduced its stake in Texas Roadhouse, Inc. by 5.5%, bringing its total holdings to approximately 0.28% of the company's shares valued at $31.47 million.
• Analysts have mixed ratings on Texas Roadhouse, with the consensus being a "Moderate Buy" and an average target price of $197.85.
• Texas Roadhouse recently announced a quarterly dividend of $0.68 per share, with a payout ratio of 41.53% and an annualized yield of 1.6%.

Aberdeen Group plc reduced its position in Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 5.5% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 188,881 shares of the restaurant operator's stock after selling 11,014 shares during the period. Aberdeen Group plc owned about 0.28% of Texas Roadhouse worth $31,473,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Coppell Advisory Solutions LLC raised its holdings in Texas Roadhouse by 56.8% in the 4th quarter. Coppell Advisory Solutions LLC now owns 196 shares of the restaurant operator's stock worth $35,000 after acquiring an additional 71 shares during the last quarter. Bogart Wealth LLC purchased a new position in Texas Roadhouse in the 1st quarter worth approximately $33,000. Park Place Capital Corp raised its holdings in Texas Roadhouse by 459.1% in the 1st quarter. Park Place Capital Corp now owns 369 shares of the restaurant operator's stock worth $61,000 after acquiring an additional 303 shares during the last quarter. MassMutual Private Wealth & Trust FSB raised its holdings in Texas Roadhouse by 41.9% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 379 shares of the restaurant operator's stock worth $63,000 after acquiring an additional 112 shares during the last quarter. Finally, Versant Capital Management Inc raised its holdings in Texas Roadhouse by 153.9% in the 1st quarter. Versant Capital Management Inc now owns 457 shares of the restaurant operator's stock worth $76,000 after acquiring an additional 277 shares during the last quarter. 94.82% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Texas Roadhouse

In other Texas Roadhouse news, Director Donna E. Epps sold 800 shares of the stock in a transaction on Friday, May 23rd. The stock was sold at an average price of $186.52, for a total value of $149,216.00. Following the completion of the sale, the director owned 4,632 shares in the company, valued at approximately $863,960.64. This represents a 14.73% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.50% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on TXRH shares. Melius started coverage on Texas Roadhouse in a report on Monday, July 14th. They set a "buy" rating and a $235.00 price target on the stock. The Goldman Sachs Group increased their price target on Texas Roadhouse from $184.00 to $205.00 and gave the company a "neutral" rating in a report on Wednesday, June 4th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of Texas Roadhouse in a report on Tuesday, July 15th. Stifel Nicolaus increased their price target on Texas Roadhouse from $180.00 to $188.00 and gave the company a "hold" rating in a report on Friday, July 25th. Finally, Barclays increased their price target on Texas Roadhouse from $175.00 to $189.00 and gave the company an "equal weight" rating in a report on Thursday, July 17th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $197.85.

Texas Roadhouse Stock Down 1.5%

TXRH stock traded down $2.68 during trading on Wednesday, reaching $173.23. The company's stock had a trading volume of 1,009,041 shares, compared to its average volume of 1,115,220. Texas Roadhouse, Inc. has a 1 year low of $148.73 and a 1 year high of $206.04. The company has a market capitalization of $11.51 billion, a P/E ratio of 26.45, a price-to-earnings-growth ratio of 2.38 and a beta of 0.86. The company's fifty day moving average is $184.93 and its 200-day moving average is $178.93.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The restaurant operator reported $1.86 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.95 by ($0.09). Texas Roadhouse had a return on equity of 31.52% and a net margin of 7.72%.The business had revenue of $1.51 billion during the quarter, compared to analysts' expectations of $1.50 billion. During the same quarter in the previous year, the company posted $1.79 EPS. The company's quarterly revenue was up 12.7% on a year-over-year basis. Analysts anticipate that Texas Roadhouse, Inc. will post 7.23 earnings per share for the current year.

Texas Roadhouse Announces Dividend

The firm 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 is presently 41.53%.

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.