Amundi Sells 39,652 Shares of Texas Roadhouse, Inc. $TXRH

Amundi decreased its position in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 89.3% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,756 shares of the restaurant operator's stock after selling 39,652 shares during the period. Amundi's holdings in Texas Roadhouse were worth $919,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in TXRH. Elyxium Wealth LLC bought a new stake in shares of Texas Roadhouse in the 4th quarter worth approximately $25,000. Basecamp Wealth Advisors LLC increased its stake in Texas Roadhouse by 5,033.3% in the 1st quarter. Basecamp Wealth Advisors LLC now owns 154 shares of the restaurant operator's stock worth $25,000 after purchasing an additional 151 shares during the period. Silvant Capital Management LLC purchased a new position in Texas Roadhouse in the 2nd quarter worth approximately $32,000. Coppell Advisory Solutions LLC bought a new stake in Texas Roadhouse in the second quarter valued at approximately $38,000. Finally, TD Private Client Wealth LLC lifted its position 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 valued at $44,000 after purchasing an additional 154 shares during the last quarter. Institutional investors own 94.82% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on TXRH. Morgan Stanley restated an "overweight" rating and set a $212.00 price target on shares of Texas Roadhouse in a report on Friday, August 7th. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and issued a $235.00 price objective on shares of Texas Roadhouse in a report on Monday, August 3rd. Weiss Ratings upgraded shares of Texas Roadhouse from a "buy (b-)" rating to a "buy (b)" rating in a report on Wednesday, September 9th. Stephens increased their target price on Texas Roadhouse from $180.00 to $205.00 and gave the stock an "equal weight" rating in a research report on Friday, August 7th. Finally, Robert W. Baird raised shares of Texas Roadhouse to a "strong-buy" rating in a research report on Monday, August 24th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and twelve have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $209.40.

Texas Roadhouse Stock Down 0.1%

TXRH stock opened at $181.12 on Tuesday. Texas Roadhouse, Inc. has a fifty-two week low of $153.82 and a fifty-two week high of $216.30. The business's 50-day moving average is $197.49 and its two-hundred day moving average is $181.05. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.39 and a current ratio of 0.46. The company has a market cap of $11.89 billion, a price-to-earnings ratio of 28.98, a P/E/G ratio of 1.79 and a beta of 0.78.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The restaurant operator reported $1.85 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.83 by $0.02. The business had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.67 billion. Texas Roadhouse had a return on equity of 27.20% and a net margin of 6.63%.The business's quarterly revenue was up 11.1% compared to the same quarter last year. During the same period in the previous year, the company posted $1.86 EPS. As a group, analysts forecast that Texas Roadhouse, Inc. will post 6.63 earnings per share for the current year.

Texas Roadhouse Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 1st will be given a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend is Tuesday, September 1st. Texas Roadhouse's payout ratio is presently 48.00%.

Insider Activity

In other Texas Roadhouse news, insider Lloyd Marshall sold 500 shares of the company's stock in a transaction that occurred on Wednesday, August 26th. The shares were sold at an average price of $204.65, for a total value of $102,325.00. Following the completion of the transaction, the insider directly owned 9,826 shares in the company, valued at $2,010,890.90. This represents a 4.84% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Gerald L. Morgan sold 15,000 shares of the firm's stock in a transaction on Friday, August 21st. The shares were sold at an average price of $202.17, for a total transaction of $3,032,550.00. Following the sale, the chief executive officer owned 80,970 shares in the company, valued at $16,369,704.90. The trade was a 15.63% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 20,396 shares of company stock worth $4,143,825. 0.50% of the stock is currently owned by corporate insiders.

About Texas Roadhouse

Texas Roadhouse, Inc is a casual-dining restaurant company that operates and franchises restaurants under the Texas Roadhouse, Bubba's 33 and Jaggers brands. Its restaurants are known for hand-cut steaks, ribs, chicken, burgers and other American-style meals, along with made-from-scratch sides and fresh-baked bread.

Texas Roadhouse restaurants generally emphasize a relaxed, family-friendly atmosphere and an experience centered on affordable, high-quality food. The company's concepts include Texas Roadhouse steakhouses, Bubba's 33 sports-themed restaurants and Jaggers fast-casual locations focused on burgers, chicken and fries.

Founded in 1993, Texas Roadhouse has expanded through a combination of company-operated and franchised restaurants.

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