Texas Roadhouse, Inc. $TXRH Shares Sold by Alyeska Investment Group L.P.

Key Points

• Alyeska Investment Group L.P. reduced its stake in Texas Roadhouse, Inc. by 35.3% during the first quarter, holding 72,458 shares valued at approximately $12 million.
• Texas Roadhouse has announced a quarterly dividend of $0.68 per share, with an ex-dividend date of September 2nd, representing an annualized yield of 1.6%.
• The company reported $1.86 EPS for the recent quarter, which missed analysts' expectations, while revenue increased 12.7% year-over-year to $1.51 billion.

Alyeska Investment Group L.P. lowered its position in Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 35.3% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 72,458 shares of the restaurant operator's stock after selling 39,600 shares during the quarter. Alyeska Investment Group L.P. owned approximately 0.11% of Texas Roadhouse worth $12,074,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Axiom Investors LLC DE lifted its position in 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 valued at $362,221,000 after acquiring an additional 2,116,552 shares during the last quarter. T. Rowe Price Investment Management Inc. increased its position in Texas Roadhouse by 209.3% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 1,609,608 shares of the restaurant operator's stock worth $268,209,000 after purchasing an additional 1,089,256 shares during the period. Congress Asset Management Co. lifted its holdings in 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 valued at $77,596,000 after acquiring an additional 460,537 shares during the period. GAMMA Investing LLC grew its stake 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 period. Finally, Nuveen LLC purchased a new position in shares of Texas Roadhouse in the 1st quarter valued at about $36,208,000. Institutional investors and hedge funds own 94.82% of the company's stock.

Wall Street Analyst Weigh In

TXRH has been the topic of several recent analyst reports. Stephens upped their target price on shares of Texas Roadhouse from $184.00 to $190.00 and gave the stock an "equal weight" rating in a research report on Friday, August 8th. 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. UBS Group boosted their target price on Texas Roadhouse from $200.00 to $220.00 and gave the stock a "buy" rating in a research report on Friday, June 6th. Bank of America raised their price target on Texas Roadhouse from $203.00 to $219.00 and gave the company a "buy" rating in a research report on Friday, July 18th. Finally, Evercore ISI downgraded shares of Texas Roadhouse from an "outperform" rating to an "in-line" rating and set a $190.00 price target on the stock. in a report on Thursday, September 4th. One research 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 stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $197.35.

Insider Activity at Texas Roadhouse

In other Texas Roadhouse news, Director Gregory N. Moore sold 3,000 shares of the business's stock in a transaction on Monday, August 18th. The shares were sold at an average price of $173.06, for a total value of $519,180.00. Following the transaction, the director owned 34,550 shares in the company, valued at $5,979,223. The trade was a 7.99% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CTO Hernan E. Mujica sold 2,189 shares of Texas Roadhouse stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $172.40, for a total value of $377,383.60. Following the sale, the chief technology officer directly owned 17,553 shares in the company, valued at approximately $3,026,137.20. The trade was a 11.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 8,342 shares of company stock valued at $1,443,704. Corporate insiders own 0.50% of the company's stock.

Texas Roadhouse Stock Performance

TXRH traded up $0.64 on Tuesday, reaching $168.12. 1,263,267 shares of the company's stock were exchanged, compared to its average volume of 1,112,948. Texas Roadhouse, Inc. has a twelve month low of $148.73 and a twelve month high of $206.04. The company's 50 day moving average is $180.37 and its 200-day moving average is $178.76. The company has a market cap of $11.17 billion, a price-to-earnings ratio of 25.67, a PEG ratio of 2.31 and a beta of 0.84.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last announced 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). Texas Roadhouse had a net margin of 7.72% and a return on equity of 31.52%. The business had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.50 billion. During the same period last year, the firm earned $1.79 earnings per share. The company's quarterly revenue was up 12.7% on a year-over-year basis. Sell-side analysts forecast that Texas Roadhouse, Inc. will post 7.23 EPS for the current 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 issued 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 currently 41.53%.

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.