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

Braun Stacey Associates Inc. cut its stake in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 4.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 150,175 shares of the restaurant operator's stock after selling 7,359 shares during the period. Braun Stacey Associates Inc. owned 0.23% of Texas Roadhouse worth $25,024,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of the stock. Coppell Advisory Solutions LLC boosted its holdings in shares of Texas Roadhouse by 56.8% in the 4th 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 period. SBI Securities Co. Ltd. bought a new stake in shares of Texas Roadhouse during the 4th quarter worth approximately $36,000. Park Place Capital Corp lifted its stake in shares of Texas Roadhouse by 459.1% during the 1st quarter. Park Place Capital Corp now owns 369 shares of the restaurant operator's stock worth $61,000 after acquiring an additional 303 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its stake in shares of Texas Roadhouse by 41.9% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 379 shares of the restaurant operator's stock worth $63,000 after acquiring an additional 112 shares during the last quarter. Finally, Versant Capital Management Inc lifted its stake in shares of Texas Roadhouse by 153.9% during the 1st quarter. Versant Capital Management Inc now owns 457 shares of the restaurant operator's stock worth $76,000 after acquiring an additional 277 shares during the last quarter. 94.82% of the stock is owned by institutional investors.

Insider Buying and Selling at Texas Roadhouse

In related news, Director Donna E. Epps sold 800 shares of the business's stock in a transaction on 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 directly owned 4,632 shares in the company, valued at $863,960.64. The trade was a 14.73% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Gregory N. Moore sold 1,000 shares of the business's stock in a transaction that occurred on 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 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 owned by insiders.

Texas Roadhouse Trading Down 1.4%

Shares of TXRH traded down $2.63 during trading hours on Friday, hitting $188.50. The company had a trading volume of 405,473 shares, compared to its average volume of 936,626. The company has a market capitalization of $12.51 billion, a PE ratio of 29.24, a price-to-earnings-growth ratio of 2.53 and a beta of 0.87. Texas Roadhouse, Inc. has a one year low of $148.73 and a one year high of $206.04. The company's fifty day moving average price is $186.82 and its two-hundred day moving average price is $178.54.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last released its quarterly 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). The company had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.44 billion. Texas Roadhouse had a return on equity of 32.33% and a net margin of 7.89%. The company's revenue was up 11.8% on a year-over-year basis. During the same period in the previous year, the firm posted $1.69 earnings per share. Analysts forecast that Texas Roadhouse, Inc. will post 7.23 earnings per share for the current year.

Texas Roadhouse Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 1st. Stockholders of record on Tuesday, June 3rd were given a $0.68 dividend. This represents a $2.72 annualized dividend and a dividend yield of 1.44%. The ex-dividend date of this dividend was Tuesday, June 3rd. Texas Roadhouse's payout ratio is 41.98%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on TXRH. Truist Financial set a $212.00 price target on Texas Roadhouse and gave the stock a "buy" rating in a research note on Wednesday. Wells Fargo & Company decreased their price target on Texas Roadhouse from $175.00 to $170.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 22nd. Stephens reissued an "equal weight" rating and set a $170.00 price target on shares of Texas Roadhouse in a research note on Tuesday, June 10th. Wedbush raised their price target on Texas Roadhouse from $200.00 to $210.00 and gave the stock an "outperform" rating in a research note on Friday, March 28th. Finally, UBS Group raised their price target on Texas Roadhouse from $200.00 to $220.00 and gave the stock a "buy" rating in a research note on Friday, June 6th. Ten analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $192.05.

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.