Braun Stacey Associates Inc. Sells 7,359 Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH)

Braun Stacey Associates Inc. lowered its stake in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 4.7% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 150,175 shares of the restaurant operator's stock after selling 7,359 shares during the quarter. Braun Stacey Associates Inc. owned 0.23% of Texas Roadhouse worth $25,024,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. OneDigital Investment Advisors LLC raised its position in shares of Texas Roadhouse by 3.3% during the 1st quarter. OneDigital Investment Advisors LLC now owns 3,215 shares of the restaurant operator's stock valued at $536,000 after buying an additional 102 shares in the last quarter. Mutual Advisors LLC raised its position in shares of Texas Roadhouse by 28.5% during the 1st quarter. Mutual Advisors LLC now owns 2,500 shares of the restaurant operator's stock valued at $404,000 after buying an additional 554 shares in the last quarter. Oregon Public Employees Retirement Fund raised its position in shares of Texas Roadhouse by 0.5% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 13,627 shares of the restaurant operator's stock valued at $2,271,000 after buying an additional 66 shares in the last quarter. Keybank National Association OH raised its position in shares of Texas Roadhouse by 142.1% during the 1st quarter. Keybank National Association OH now owns 5,269 shares of the restaurant operator's stock valued at $878,000 after buying an additional 3,093 shares in the last quarter. Finally, Monument Capital Management purchased a new stake in shares of Texas Roadhouse during the 1st quarter valued at $2,683,000. Hedge funds and other institutional investors own 94.82% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on TXRH. Truist Financial set a $212.00 price objective on shares of Texas Roadhouse and gave the company a "buy" rating in a research report on Wednesday. Stifel Nicolaus decreased their target price on shares of Texas Roadhouse from $172.00 to $170.00 and set a "hold" rating on the stock in a research report on Tuesday, April 15th. Robert W. Baird set a $180.00 price target on shares of Texas Roadhouse and gave the stock an "outperform" rating in a research note on Monday, April 7th. Citigroup downgraded shares of Texas Roadhouse from a "buy" rating to a "neutral" rating and lowered their price target for the stock from $213.00 to $164.00 in a research note on Wednesday, April 23rd. Finally, The Goldman Sachs Group boosted their price target on shares of Texas Roadhouse from $184.00 to $205.00 and gave the stock a "neutral" rating in a research note on Wednesday, June 4th. Ten equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, Texas Roadhouse presently has a consensus rating of "Moderate Buy" and an average target price of $192.05.

Insider Transactions at Texas Roadhouse

In related news, Director Donna E. Epps sold 800 shares of the business's stock in a transaction dated Friday, May 23rd. The shares were 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 of the company's stock, valued at $863,960.64. The trade was a 14.73% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Gregory N. Moore sold 1,000 shares of the business's stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $187.62, for a total transaction of $187,620.00. Following the sale, the director directly owned 38,050 shares in the company, valued at $7,138,941. The trade was a 2.56% 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 Down 1.4%

Shares of TXRH stock traded down $2.63 during mid-day trading on Friday, reaching $188.50. The stock had a trading volume of 405,473 shares, compared to its average volume of 936,626. The stock's 50-day moving average price is $186.82 and its two-hundred day moving average price is $178.53. Texas Roadhouse, Inc. has a 52-week low of $148.73 and a 52-week high of $206.04. The firm has a market capitalization of $12.51 billion, a PE ratio of 29.09, a price-to-earnings-growth 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 earnings per share for the quarter, missing analysts' consensus estimates of $1.75 by ($0.05). The company had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.44 billion. Texas Roadhouse had a net margin of 7.89% and a return on equity of 32.33%. The company's revenue for the quarter was up 11.8% on a year-over-year basis. During the same period in the previous year, the firm posted $1.69 EPS. On average, equities research analysts forecast that Texas Roadhouse, Inc. will post 7.23 earnings per share for the current year.

Texas Roadhouse Dividend Announcement

The business also recently announced 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. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.44%. The ex-dividend date was Tuesday, June 3rd. Texas Roadhouse's payout ratio is 41.98%.

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.