Allspring Global Investments Holdings LLC Decreases Stock Holdings in Texas Roadhouse, Inc. (NASDAQ:TXRH)

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

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in TXRH. Coppell Advisory Solutions LLC boosted its position in Texas Roadhouse by 56.8% in the 4th quarter. Coppell Advisory Solutions LLC now owns 196 shares of the restaurant operator's stock valued at $35,000 after buying an additional 71 shares during the period. SBI Securities Co. Ltd. purchased a new stake in shares of Texas Roadhouse during the 4th quarter worth $36,000. Park Place Capital Corp lifted its position in shares of Texas Roadhouse by 459.1% during the 1st quarter. Park Place Capital Corp now owns 369 shares of the restaurant operator's stock worth $61,000 after purchasing an additional 303 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its position in shares of Texas Roadhouse by 41.9% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 379 shares of the restaurant operator's stock worth $63,000 after purchasing an additional 112 shares during the last quarter. Finally, Versant Capital Management Inc lifted its position in shares of Texas Roadhouse by 153.9% during the 1st quarter. Versant Capital Management Inc now owns 457 shares of the restaurant operator's stock worth $76,000 after purchasing an additional 277 shares during the last quarter. Hedge funds and other institutional investors own 94.82% of the company's stock.

Insider Transactions at Texas Roadhouse

In other news, Director Donna E. Epps sold 800 shares of the business's stock in a transaction dated Friday, May 23rd. The shares were sold at an average price of $186.52, for a total transaction of $149,216.00. Following the transaction, the director directly owned 4,632 shares in the company, valued at $863,960.64. The trade was a 14.73% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Gregory N. Moore sold 1,000 shares of the business's stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $187.62, for a total transaction of $187,620.00. Following the transaction, the director 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.

Texas Roadhouse Price Performance

Shares of TXRH stock traded down $1.68 during midday trading on Wednesday, hitting $186.57. The company had a trading volume of 583,466 shares, compared to its average volume of 938,786. The stock has a market cap of $12.38 billion, a price-to-earnings ratio of 28.79, a PEG ratio of 2.49 and a beta of 0.87. The company's 50 day simple moving average is $187.68 and its 200 day simple moving average is $178.60. 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 announced its quarterly earnings data on Thursday, May 8th. The restaurant operator reported $1.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.75 by ($0.05). The firm had revenue of $1.45 billion during 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 business's quarterly revenue was up 11.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.69 earnings per share. Analysts anticipate that Texas Roadhouse, Inc. will post 7.23 EPS for the current year.

Texas Roadhouse Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 1st. Stockholders of record on Tuesday, June 3rd were paid a dividend of $0.68 per share. The ex-dividend date of this dividend was Tuesday, June 3rd. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.46%. Texas Roadhouse's dividend payout ratio (DPR) is 41.98%.

Wall Street Analyst Weigh In

TXRH has been the subject of several recent analyst reports. Citigroup cut shares of Texas Roadhouse from a "buy" rating to a "neutral" rating and decreased their price objective for the stock from $213.00 to $164.00 in a research report on Wednesday, April 23rd. Wells Fargo & Company decreased their price objective on shares of Texas Roadhouse from $175.00 to $170.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 22nd. JPMorgan Chase & Co. decreased 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. Stephens reaffirmed an "equal weight" rating and set a $170.00 price objective on shares of Texas Roadhouse in a research report on Tuesday, June 10th. Finally, Wedbush lifted their price objective on shares of Texas Roadhouse from $200.00 to $210.00 and gave the stock an "outperform" rating in a research report on Friday, March 28th. Ten analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $192.05.

Texas Roadhouse 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.