Burney Co. Sells 75,894 Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH)

Burney Co. decreased its position in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 86.5% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,868 shares of the restaurant operator's stock after selling 75,894 shares during the quarter. Burney Co.'s holdings in Texas Roadhouse were worth $1,977,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of TXRH. Bogart Wealth LLC purchased a new stake in Texas Roadhouse in the 1st quarter worth approximately $33,000. Coppell Advisory Solutions LLC raised its position in shares of Texas Roadhouse by 56.8% during the 4th quarter. Coppell Advisory Solutions LLC now owns 196 shares of the restaurant operator's stock worth $35,000 after acquiring an additional 71 shares in the last quarter. Park Place Capital Corp grew its stake in 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 buying an additional 303 shares during the last quarter. MassMutual Private Wealth & Trust FSB grew its stake in shares of Texas Roadhouse by 41.9% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 379 shares of the restaurant operator's stock valued at $63,000 after purchasing an additional 112 shares during the last quarter. Finally, Versant Capital Management Inc boosted its stake in shares of Texas Roadhouse by 153.9% in the first quarter. Versant Capital Management Inc now owns 457 shares of the restaurant operator's stock valued at $76,000 after buying an additional 277 shares in the last quarter. Hedge funds and other institutional investors own 94.82% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on TXRH shares. Wedbush lifted their price objective on Texas Roadhouse from $200.00 to $210.00 and gave the stock an "outperform" rating in a research report on Friday, March 28th. Barclays boosted their price target on Texas Roadhouse from $175.00 to $189.00 and gave the stock an "equal weight" rating in a research note on Thursday, July 17th. Citigroup cut Texas Roadhouse from a "buy" rating to a "neutral" rating and cut their price objective for the company from $213.00 to $164.00 in a research note on Wednesday, April 23rd. The Goldman Sachs Group upped their target price on Texas Roadhouse from $184.00 to $205.00 and gave the company a "neutral" rating in a report on Wednesday, June 4th. Finally, Bank of America increased their price objective on Texas Roadhouse from $203.00 to $219.00 and gave the stock a "buy" rating in a report on Friday, July 18th. Ten investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Texas Roadhouse presently has a consensus rating of "Moderate Buy" and an average target price of $194.10.

Texas Roadhouse Trading Down 1.2%

Shares of NASDAQ TXRH traded down $2.30 during midday trading on Thursday, hitting $184.19. The company's stock had a trading volume of 793,788 shares, compared to its average volume of 789,208. The stock has a fifty day moving average price of $189.52 and a 200 day moving average price of $178.93. Texas Roadhouse, Inc. has a one year low of $148.73 and a one year high of $206.04. The firm has a market capitalization of $12.22 billion, a price-to-earnings ratio of 28.42, a P/E/G ratio of 2.63 and a beta of 0.87.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last issued its quarterly earnings data 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 firm had revenue of $1.45 billion for the quarter, compared to analysts' expectations of $1.44 billion. Texas Roadhouse had a net margin of 7.89% and a return on equity of 32.33%. Texas Roadhouse's revenue was up 11.8% on a year-over-year basis. During the same period in the prior year, the firm posted $1.69 EPS. On average, equities research analysts predict that Texas Roadhouse, Inc. will post 7.23 earnings per share for the current fiscal year.

Texas Roadhouse Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 1st. Investors 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 annualized dividend and a yield of 1.48%. Texas Roadhouse's dividend payout ratio is currently 41.98%.

Insider Activity at Texas Roadhouse

In other Texas Roadhouse news, Director Gregory N. Moore sold 1,000 shares of the business'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 transaction, the director owned 38,050 shares of the company's stock, valued at $7,138,941. The trade was a 2.56% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Donna E. Epps sold 800 shares of the business's stock in a transaction that occurred 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 completion of the transaction, 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 position. The disclosure for this sale can be found here. 0.50% of the stock is currently owned by insiders.

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.