Allspring Global Investments Holdings LLC Sells 4,124 Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH)

Allspring Global Investments Holdings LLC trimmed its position in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 28.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,534 shares of the restaurant operator's stock after selling 4,124 shares during the quarter. Allspring Global Investments Holdings LLC's holdings in Texas Roadhouse were worth $1,779,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of TXRH. Norges Bank purchased a new stake in Texas Roadhouse in the fourth quarter valued at $155,239,000. Congress Asset Management Co. raised its position 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 during the period. FMR LLC raised its position in shares of Texas Roadhouse by 44.8% during the 4th quarter. FMR LLC now owns 1,300,987 shares of the restaurant operator's stock worth $234,737,000 after purchasing an additional 402,465 shares during the last quarter. T. Rowe Price Investment Management Inc. raised its position in shares of Texas Roadhouse by 255.1% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 520,352 shares of the restaurant operator's stock worth $93,888,000 after purchasing an additional 373,812 shares during the last quarter. Finally, GAMMA Investing LLC raised its position in shares of Texas Roadhouse by 19,250.9% during the 1st quarter. GAMMA Investing LLC now owns 325,095 shares of the restaurant operator's stock worth $54,171,000 after purchasing an additional 323,415 shares during the last quarter. 94.82% of the stock is owned by institutional investors.

Texas Roadhouse Trading Up 0.9%

NASDAQ:TXRH traded up $1.71 during mid-day trading on Friday, hitting $188.09. The stock had a trading volume of 619,692 shares, compared to its average volume of 935,967. The stock has a market capitalization of $12.48 billion, a price-to-earnings ratio of 29.03, a P/E/G ratio of 2.50 and a beta of 0.87. The company has a 50 day simple moving average of $188.48 and a 200-day simple moving average of $178.70. Texas Roadhouse, Inc. has a 52 week low of $148.73 and a 52 week high of $206.04.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last released its earnings results on Thursday, May 8th. The restaurant operator reported $1.70 EPS for the quarter, missing the consensus estimate of $1.75 by ($0.05). The company had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.44 billion. Texas Roadhouse had a net margin of 7.89% and a return on equity of 32.33%. The firm's quarterly revenue was up 11.8% on a year-over-year basis. During the same period in the previous year, the business posted $1.69 EPS. As a group, equities research analysts anticipate that Texas Roadhouse, Inc. will post 7.23 earnings per share for the current year.

Texas Roadhouse Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 1st. Stockholders of record on Tuesday, June 3rd were paid a $0.68 dividend. The ex-dividend date was Tuesday, June 3rd. This represents a $2.72 annualized dividend and a dividend yield of 1.45%. Texas Roadhouse's dividend payout ratio is currently 41.98%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on TXRH shares. Robert W. Baird set a $180.00 price target on shares of Texas Roadhouse and gave the company an "outperform" rating in a research note on Monday, April 7th. Citigroup cut shares of Texas Roadhouse from a "buy" rating to a "neutral" rating and dropped their price target for the company from $213.00 to $164.00 in a research note on Wednesday, April 23rd. Stifel Nicolaus lowered their price objective on shares of Texas Roadhouse from $172.00 to $170.00 and set a "hold" rating for the company in a research report on Tuesday, April 15th. JPMorgan Chase & Co. lowered their price objective on shares of Texas Roadhouse from $185.00 to $184.00 and set a "neutral" rating for the company in a research report on Thursday, March 20th. Finally, Wells Fargo & Company reduced their target price on shares of Texas Roadhouse from $175.00 to $170.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 22nd. Ten analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $192.52.

Insider Activity at Texas Roadhouse

In other news, Director Donna E. Epps sold 800 shares of Texas Roadhouse stock in a transaction that occurred on Friday, May 23rd. The shares were sold at an average price of $186.52, for a total value of $149,216.00. Following the transaction, the director directly owned 4,632 shares of the company's stock, valued at $863,960.64. This trade represents a 14.73% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Gregory N. Moore sold 1,000 shares of Texas Roadhouse stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $187.62, for a total transaction of $187,620.00. Following the completion of the transaction, the director directly owned 38,050 shares in the company, valued at approximately $7,138,941. This trade represents a 2.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.50% of the company's stock.

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.