Bank of New York Mellon Corp Has $106.20 Million Position in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Bank of New York Mellon Corp reduced its position in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 1.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 637,355 shares of the restaurant operator's stock after selling 7,612 shares during the quarter. Bank of New York Mellon Corp owned 0.96% of Texas Roadhouse worth $106,202,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. KLP Kapitalforvaltning AS purchased a new stake in Texas Roadhouse in the 4th quarter worth approximately $2,959,000. Zions Bancorporation N.A. lifted its position in Texas Roadhouse by 19.5% in the 4th quarter. Zions Bancorporation N.A. now owns 13,152 shares of the restaurant operator's stock worth $2,373,000 after buying an additional 2,144 shares in the last quarter. Bessemer Group Inc. lifted its position in Texas Roadhouse by 4.3% in the 4th quarter. Bessemer Group Inc. now owns 176,065 shares of the restaurant operator's stock worth $31,768,000 after buying an additional 7,301 shares in the last quarter. Golden State Wealth Management LLC lifted its position in Texas Roadhouse by 157.3% in the 1st quarter. Golden State Wealth Management LLC now owns 4,658 shares of the restaurant operator's stock worth $776,000 after buying an additional 2,848 shares in the last quarter. Finally, Comerica Bank lifted its position in Texas Roadhouse by 16.0% in the 4th quarter. Comerica Bank now owns 132,914 shares of the restaurant operator's stock worth $23,982,000 after buying an additional 18,339 shares in the last quarter. 94.82% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Gregory N. Moore sold 1,000 shares of the business's stock in a transaction dated Monday, May 12th. The shares were 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. The trade was a 2.56% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, 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 transaction, the director owned 4,632 shares in the company, valued at approximately $863,960.64. The trade was a 14.73% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.50% of the company's stock.

Texas Roadhouse Trading Up 0.9%

TXRH traded up $1.71 during trading on Friday, hitting $188.09. The stock had a trading volume of 619,692 shares, compared to its average volume of 936,375. The firm has a market cap of $12.48 billion, a PE ratio of 29.03, a P/E/G ratio of 2.49 and a beta of 0.87. Texas Roadhouse, Inc. has a 12 month low of $148.73 and a 12 month high of $206.04. The company has a 50 day simple moving average of $188.81 and a 200-day simple moving average of $178.74.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last announced 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). Texas Roadhouse had a return on equity of 32.33% and a net margin of 7.89%. The firm had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.44 billion. During the same quarter last year, the business earned $1.69 EPS. The business's revenue was up 11.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that Texas Roadhouse, Inc. will post 7.23 earnings per share for the current fiscal year.

Texas Roadhouse Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 1st. Stockholders of record on Tuesday, June 3rd were issued a dividend of $0.68 per share. 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 payout ratio is 41.98%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on TXRH. The Goldman Sachs Group increased their target price on shares of Texas Roadhouse from $184.00 to $205.00 and gave the stock a "neutral" rating in a research report on Wednesday, June 4th. UBS Group boosted their target price on shares of Texas Roadhouse from $200.00 to $220.00 and gave the stock a "buy" rating in a research report on Friday, June 6th. Citigroup downgraded shares of Texas Roadhouse from a "buy" rating to a "neutral" rating and cut their price target for the company from $213.00 to $164.00 in a report on Wednesday, April 23rd. Stifel Nicolaus cut their price target on shares of Texas Roadhouse from $172.00 to $170.00 and set a "hold" rating on the stock in a report on Tuesday, April 15th. Finally, Wells Fargo & Company cut their price target 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 research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $192.52.

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.