Texas Roadhouse, Inc. $TXRH Holdings Cut by Callan Family Office LLC

Key Points

• Callan Family Office LLC has reduced its stake in Texas Roadhouse, selling 4,483 shares and owning a total of 2,594 shares, valued at approximately $432,000, at the end of the first quarter.
• Texas Roadhouse's recent quarterly earnings reported an EPS of $1.86, missing the consensus estimate of $1.95, while revenue increased by 12.7% year-over-year.
• The company has announced a quarterly dividend of $0.68 per share, set to be paid on September 30th, representing a yield of 1.6%.

Callan Family Office LLC lessened its position in Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 63.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,594 shares of the restaurant operator's stock after selling 4,483 shares during the quarter. Callan Family Office LLC's holdings in Texas Roadhouse were worth $432,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Golden State Wealth Management LLC grew its stake in shares of Texas Roadhouse by 157.3% during the first quarter. Golden State Wealth Management LLC now owns 4,658 shares of the restaurant operator's stock worth $776,000 after acquiring an additional 2,848 shares during the last quarter. Comerica Bank grew its position in Texas Roadhouse by 16.0% during the 4th quarter. Comerica Bank now owns 132,914 shares of the restaurant operator's stock worth $23,982,000 after purchasing an additional 18,339 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in Texas Roadhouse by 253.5% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 38,086 shares of the restaurant operator's stock valued at $6,346,000 after purchasing an additional 27,312 shares in the last quarter. Brighton Jones LLC acquired a new position in Texas Roadhouse during the 1st quarter valued at approximately $499,000. Finally, Running Oak Capital LLC lifted its stake in shares of Texas Roadhouse by 9.3% during the first quarter. Running Oak Capital LLC now owns 89,385 shares of the restaurant operator's stock worth $14,933,000 after buying an additional 7,628 shares during the period. Hedge funds and other institutional investors own 94.82% of the company's stock.

Insiders Place Their Bets

In other Texas Roadhouse news, 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 $863,960.64. The trade was a 14.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.50% of the stock is currently owned by company insiders.

Texas Roadhouse Stock Performance

Texas Roadhouse stock traded up $1.25 during midday trading on Tuesday, reaching $175.13. 450,109 shares of the company were exchanged, compared to its average volume of 1,111,102. The firm's 50-day simple moving average is $185.19 and its 200-day simple moving average is $178.95. The company has a market capitalization of $11.64 billion, a price-to-earnings ratio of 26.75, a P/E/G ratio of 2.36 and a beta of 0.86. Texas Roadhouse, Inc. has a 1 year low of $148.73 and a 1 year high of $206.04.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last issued its earnings results on Thursday, August 7th. The restaurant operator reported $1.86 earnings per share for the quarter, missing the consensus estimate of $1.95 by ($0.09). Texas Roadhouse had a return on equity of 31.52% and a net margin of 7.72%.The firm had revenue of $1.51 billion during the quarter, compared to analysts' expectations of $1.50 billion. During the same period last year, the business posted $1.79 earnings per share. The company's quarterly revenue was up 12.7% compared to the same quarter last year. On average, analysts forecast that Texas Roadhouse, Inc. will post 7.23 EPS for the current fiscal year.

Texas Roadhouse Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Tuesday, September 2nd will be issued a $0.68 dividend. The ex-dividend date is Tuesday, September 2nd. This represents a $2.72 annualized dividend and a yield of 1.6%. Texas Roadhouse's dividend payout ratio (DPR) is presently 41.53%.

Analyst Ratings Changes

Several brokerages recently weighed in on TXRH. Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of Texas Roadhouse in a research note on Tuesday, July 15th. Morgan Stanley boosted their target price on Texas Roadhouse from $200.00 to $205.00 and gave the stock an "overweight" rating in a report on Monday, July 14th. Citigroup raised their price objective on shares of Texas Roadhouse from $180.00 to $197.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 29th. The Goldman Sachs Group lifted their price target on shares of Texas Roadhouse from $184.00 to $205.00 and gave the company a "neutral" rating in a research report on Wednesday, June 4th. Finally, Guggenheim raised their target price on Texas Roadhouse from $200.00 to $210.00 and gave the company a "buy" rating in a report on Friday, July 11th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $197.85.

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.