Bank Julius Baer & Co. Ltd Zurich Reduces Stake in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Bank Julius Baer & Co. Ltd Zurich trimmed its holdings in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 5.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 52,691 shares of the restaurant operator's stock after selling 3,020 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich owned 0.08% of Texas Roadhouse worth $9,092,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in TXRH. Bogart Wealth LLC bought a new stake in shares of Texas Roadhouse during the first quarter worth $33,000. Coppell Advisory Solutions LLC lifted its position in shares of Texas Roadhouse by 56.8% during the fourth quarter. Coppell Advisory Solutions LLC now owns 196 shares of the restaurant operator's stock worth $35,000 after purchasing an additional 71 shares during the last quarter. Park Place Capital Corp lifted its position in shares of Texas Roadhouse by 459.1% during the first 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 first 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 first 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. 94.82% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Wells Fargo & Company decreased their price objective on Texas Roadhouse from $175.00 to $170.00 and set an "equal weight" rating for the company in a report on Tuesday, April 22nd. Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of Texas Roadhouse in a report on Tuesday, July 15th. The Goldman Sachs Group increased their price objective on shares of Texas Roadhouse from $184.00 to $205.00 and gave the company a "neutral" rating in a research note on Wednesday, June 4th. Stifel Nicolaus lifted their price objective on shares of Texas Roadhouse from $180.00 to $188.00 and gave the company a "hold" rating in a report on Friday. Finally, Morgan Stanley lifted their price objective on shares of Texas Roadhouse from $200.00 to $205.00 and gave the company an "overweight" rating in a report on Monday, July 14th. Ten investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Texas Roadhouse has an average rating of "Moderate Buy" and an average price target of $194.95.

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 stock was sold at an average price of $186.52, for a total transaction of $149,216.00. Following the sale, the director owned 4,632 shares in the company, valued at approximately $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 Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Gregory N. Moore sold 1,000 shares of the company's stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $187.62, for a total value of $187,620.00. Following the completion of the sale, the director owned 38,050 shares in the company, valued at approximately $7,138,941. This represents a 2.56% decrease in their position. The disclosure for this sale can be found here. 0.50% of the stock is currently owned by insiders.

Texas Roadhouse Trading Up 2.1%

Shares of TXRH stock traded up $3.95 during trading hours on Friday, reaching $188.14. 651,034 shares of the company's stock were exchanged, compared to its average volume of 780,092. Texas Roadhouse, Inc. has a 1 year low of $148.73 and a 1 year high of $206.04. The stock has a market cap of $12.48 billion, a PE ratio of 29.03, a PEG ratio of 2.65 and a beta of 0.87. The stock's fifty day moving average price is $189.42 and its two-hundred day moving average price is $178.96.

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

Texas Roadhouse Dividend Announcement

The firm 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 was Tuesday, June 3rd. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.45%. Texas Roadhouse's payout ratio is 41.98%.

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.