Braun Stacey Associates Inc. Reduces Holdings in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Braun Stacey Associates Inc. lessened its stake in Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 4.7% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 150,175 shares of the restaurant operator's stock after selling 7,359 shares during the period. Braun Stacey Associates Inc. owned about 0.23% of Texas Roadhouse worth $25,024,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. OneDigital Investment Advisors LLC grew its stake in shares of Texas Roadhouse by 3.3% in the first quarter. OneDigital Investment Advisors LLC now owns 3,215 shares of the restaurant operator's stock worth $536,000 after acquiring an additional 102 shares in the last quarter. Mutual Advisors LLC grew its stake in shares of Texas Roadhouse by 28.5% in the first quarter. Mutual Advisors LLC now owns 2,500 shares of the restaurant operator's stock worth $404,000 after acquiring an additional 554 shares in the last quarter. Oregon Public Employees Retirement Fund grew its stake in shares of Texas Roadhouse by 0.5% in the first quarter. Oregon Public Employees Retirement Fund now owns 13,627 shares of the restaurant operator's stock worth $2,271,000 after acquiring an additional 66 shares in the last quarter. Keybank National Association OH grew its stake in shares of Texas Roadhouse by 142.1% in the first quarter. Keybank National Association OH now owns 5,269 shares of the restaurant operator's stock worth $878,000 after acquiring an additional 3,093 shares in the last quarter. Finally, Monument Capital Management acquired a new position in shares of Texas Roadhouse in the first quarter worth $2,683,000. Institutional investors and hedge funds own 94.82% of the company's stock.

Texas Roadhouse Price Performance

Shares of NASDAQ:TXRH traded down $3.47 on Monday, reaching $185.99. The company's stock had a trading volume of 768,961 shares, compared to its average volume of 935,955. The stock's 50-day moving average is $187.20 and its two-hundred day moving average is $178.54. Texas Roadhouse, Inc. has a 52-week low of $148.73 and a 52-week high of $206.04. The stock has a market capitalization of $12.34 billion, a P/E ratio of 28.70, a PEG ratio of 2.53 and a beta of 0.87.

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 analysts' consensus estimates of $1.75 by ($0.05). Texas Roadhouse had a net margin of 7.89% and a return on equity of 32.33%. The business had revenue of $1.45 billion during the quarter, compared to analysts' expectations of $1.44 billion. During the same period in the previous year, the company posted $1.69 earnings per share. Texas Roadhouse's quarterly revenue was up 11.8% on a year-over-year basis. Equities analysts forecast that Texas Roadhouse, Inc. will post 7.23 earnings per share for the current fiscal year.

Texas Roadhouse Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Stephens restated an "equal weight" rating and issued a $170.00 price target on shares of Texas Roadhouse in a research note on Tuesday, June 10th. Stifel Nicolaus dropped their price target on shares of Texas Roadhouse from $172.00 to $170.00 and set a "hold" rating for the company in a research note on Tuesday, April 15th. Robert W. Baird set a $180.00 price objective on shares of Texas Roadhouse and gave the stock an "outperform" rating in a research report on Monday, April 7th. UBS Group lifted their price objective 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. Finally, Barclays decreased their price objective on shares of Texas Roadhouse from $179.00 to $175.00 and set an "equal weight" rating for the company in a research report on Friday, May 9th. Ten research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $192.05.

Insider Transactions at Texas Roadhouse

In other news, Director Donna E. Epps sold 800 shares of the company's stock in a transaction dated Friday, May 23rd. The shares were sold at an average price of $186.52, for a total value of $149,216.00. Following the completion of the sale, the director directly owned 4,632 shares of the company's stock, valued at approximately $863,960.64. This represents a 14.73% decrease in their ownership of the stock. The sale was disclosed in a 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 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 completion of the sale, the director directly owned 38,050 shares of the company's stock, valued at $7,138,941. The trade was a 2.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.50% of the stock is currently owned by corporate insiders.

Texas Roadhouse Company 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.