Chatham Capital Group Inc. Sells 19,456 Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH)

Chatham Capital Group Inc. lowered its position in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 89.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,379 shares of the restaurant operator's stock after selling 19,456 shares during the period. Chatham Capital Group Inc.'s holdings in Texas Roadhouse were worth $396,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. KLP Kapitalforvaltning AS bought a new stake in Texas Roadhouse in the 4th quarter worth approximately $2,959,000. Zions Bancorporation N.A. raised its stake in shares of Texas Roadhouse by 19.5% during the fourth quarter. Zions Bancorporation N.A. now owns 13,152 shares of the restaurant operator's stock worth $2,373,000 after acquiring an additional 2,144 shares in the last quarter. Bessemer Group Inc. lifted its holdings in shares of Texas Roadhouse by 4.3% in the 4th quarter. Bessemer Group Inc. now owns 176,065 shares of the restaurant operator's stock worth $31,768,000 after acquiring an additional 7,301 shares during the last quarter. Chase Investment Counsel Corp bought a new stake in shares of Texas Roadhouse in the 4th quarter worth approximately $316,000. Finally, Raymond James Financial Inc. purchased a new stake in shares of Texas Roadhouse in the 4th quarter valued at $55,177,000. 94.82% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

TXRH has been the topic of a number of analyst reports. UBS Group decreased their target price on shares of Texas Roadhouse from $210.00 to $200.00 and set a "buy" rating on the stock in a research report on Monday, May 5th. Citigroup downgraded Texas Roadhouse from a "buy" rating to a "neutral" rating and decreased their price objective for the stock from $213.00 to $164.00 in a report on Wednesday, April 23rd. JPMorgan Chase & Co. dropped their target price on Texas Roadhouse from $185.00 to $184.00 and set a "neutral" rating for the company in a report on Thursday, March 20th. Royal Bank of Canada reduced their price target on Texas Roadhouse from $200.00 to $180.00 and set a "sector perform" rating on the stock in a research report on Friday, February 21st. Finally, Robert W. Baird set a $180.00 price objective on Texas Roadhouse and gave the company an "outperform" rating in a research report on Monday, April 7th. Ten equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $191.24.

Insider Buying and Selling at Texas Roadhouse

In other Texas Roadhouse news, Director Gregory N. Moore sold 1,000 shares of the business's stock in a transaction on Monday, May 12th. The stock was sold at an average price of $187.62, for a total value of $187,620.00. Following the sale, the director now directly owns 38,050 shares of the company's stock, valued at approximately $7,138,941. The trade was a 2.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Donna E. Epps sold 800 shares of the stock in a transaction on Friday, May 23rd. The stock was sold at an average price of $186.52, for a total value of $149,216.00. Following the completion of the sale, the director now directly owns 4,632 shares in the company, valued at approximately $863,960.64. This represents a 14.73% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.50% of the company's stock.

Texas Roadhouse Price Performance

Shares of TXRH opened at $191.68 on Friday. The company has a 50-day simple moving average of $175.26 and a two-hundred day simple moving average of $179.43. The firm has a market capitalization of $12.72 billion, a PE ratio of 29.63, a price-to-earnings-growth ratio of 1.23 and a beta of 0.90. Texas Roadhouse, Inc. has a one year low of $148.73 and a one year high of $206.04.

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 (EPS) for the quarter, missing the consensus estimate of $1.75 by ($0.05). Texas Roadhouse had a return on equity of 34.02% and a net margin of 8.07%. The firm had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.44 billion. During the same period in the prior year, the company posted $1.69 EPS. The firm's revenue was up 11.8% on a year-over-year basis. Analysts expect that Texas Roadhouse, Inc. will post 7.23 EPS for the current fiscal year.

Texas Roadhouse Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Tuesday, June 3rd will be given a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a yield of 1.42%. The ex-dividend date of this dividend is Tuesday, June 3rd. Texas Roadhouse's dividend payout ratio is currently 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.

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