DekaBank Deutsche Girozentrale Lowers Stock Holdings in Texas Roadhouse, Inc. $TXRH

Key Points

• DekaBank Deutsche Girozentrale reduced its stake in Texas Roadhouse by 7.1% during the 2nd quarter, now holding approximately 0.16% of the company's shares valued at $20.4 million.
• Insider trading activity saw significant sales, with Director Gregory N. Moore selling 3,000 shares and CTO Hernan E. Mujica selling 2,189 shares, resulting in a total insider sale of $1.44 million in the last 90 days.
• Texas Roadhouse reported quarterly earnings of $1.86 per share, missing expectations of $1.95, despite a year-over-year revenue increase of 12.7% to $1.51 billion.

DekaBank Deutsche Girozentrale trimmed its holdings in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 7.1% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 108,771 shares of the restaurant operator's stock after selling 8,262 shares during the period. DekaBank Deutsche Girozentrale owned approximately 0.16% of Texas Roadhouse worth $20,449,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in TXRH. Bogart Wealth LLC raised its holdings in Texas Roadhouse by 51.5% in the 2nd quarter. Bogart Wealth LLC now owns 303 shares of the restaurant operator's stock worth $57,000 after acquiring an additional 103 shares during the last quarter. Stephens Inc. AR purchased a new position in Texas Roadhouse in the 2nd quarter worth approximately $570,000. Chicago Partners Investment Group LLC purchased a new position in Texas Roadhouse in the 2nd quarter worth approximately $290,000. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in Texas Roadhouse in the 2nd quarter worth approximately $1,338,000. Finally, WCM Investment Management LLC raised its holdings in Texas Roadhouse by 6.0% in the 2nd quarter. WCM Investment Management LLC now owns 96,155 shares of the restaurant operator's stock worth $18,052,000 after acquiring an additional 5,435 shares during the last quarter. 94.82% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Gregory N. Moore sold 3,000 shares of the business's stock in a transaction on Monday, August 18th. The shares were sold at an average price of $173.06, for a total transaction of $519,180.00. Following the completion of the sale, the director owned 34,550 shares of the company's stock, valued at $5,979,223. The trade was a 7.99% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CTO Hernan E. Mujica sold 2,189 shares of the business's stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $172.40, for a total transaction of $377,383.60. Following the sale, the chief technology officer directly owned 17,553 shares of the company's stock, valued at approximately $3,026,137.20. The trade was a 11.09% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 8,342 shares of company stock valued at $1,443,704 in the last 90 days. Company insiders own 0.50% of the company's stock.

Texas Roadhouse Trading Up 0.4%

NASDAQ:TXRH opened at $178.78 on Thursday. Texas Roadhouse, Inc. has a 12 month low of $148.73 and a 12 month high of $206.04. The company has a market cap of $11.88 billion, a PE ratio of 27.29, a price-to-earnings-growth ratio of 2.64 and a beta of 0.82. The company has a 50 day simple moving average of $169.17 and a two-hundred day simple moving average of $177.12.

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

Texas Roadhouse Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 2nd were given a dividend of $0.68 per share. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.5%. Texas Roadhouse's payout ratio is presently 41.53%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on TXRH shares. Stifel Nicolaus boosted their price objective on shares of Texas Roadhouse from $180.00 to $188.00 and gave the stock a "hold" rating in a report on Friday, July 25th. Melius started coverage on shares of Texas Roadhouse in a report on Monday, July 14th. They issued a "buy" rating and a $235.00 price objective for the company. Weiss Ratings restated a "buy (b)" rating on shares of Texas Roadhouse in a report on Wednesday, October 8th. Stephens set a $175.00 target price on shares of Texas Roadhouse in a research report on Monday, October 13th. Finally, Barclays cut their target price on shares of Texas Roadhouse from $189.00 to $187.00 and set an "equal weight" rating for the company in a research report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and eleven have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Texas Roadhouse has a consensus rating of "Moderate Buy" and an average price target of $195.40.

Texas Roadhouse Company 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.

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