Fiera Capital Corp Sells 142,321 Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH)

Key Points

• Fiera Capital Corp reduced its stake in Texas Roadhouse, Inc. by 61.6%, owning 88,727 shares valued at approximately $14.79 million after selling 142,321 shares in the first quarter.
• The latest quarterly earnings showed $1.70 EPS, missing estimates by $0.05, despite an 11.8% revenue increase year-over-year to $1.45 billion.
• Texas Roadhouse declared a quarterly dividend of $0.68 paid on July 1st, representing an annualized amount of $2.72 with a yield of 1.45%.

Fiera Capital Corp lowered its position in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 61.6% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 88,727 shares of the restaurant operator's stock after selling 142,321 shares during the quarter. Fiera Capital Corp owned 0.13% of Texas Roadhouse worth $14,785,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Bogart Wealth LLC bought a new position in shares of Texas Roadhouse in the 1st quarter valued at approximately $33,000. Coppell Advisory Solutions LLC boosted its stake in Texas Roadhouse by 56.8% in the 4th quarter. Coppell Advisory Solutions LLC now owns 196 shares of the restaurant operator's stock valued at $35,000 after buying an additional 71 shares in the last quarter. Park Place Capital Corp boosted its stake in Texas Roadhouse by 459.1% in the 1st quarter. Park Place Capital Corp now owns 369 shares of the restaurant operator's stock valued at $61,000 after buying an additional 303 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised its position in 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 raised its position in Texas Roadhouse by 153.9% in the 1st quarter. Versant Capital Management Inc now owns 457 shares of the restaurant operator's stock valued at $76,000 after purchasing an additional 277 shares during the last quarter. 94.82% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on TXRH. Stifel Nicolaus boosted their target price on Texas Roadhouse from $180.00 to $188.00 and gave the stock a "hold" rating in a research report on Friday, July 25th. Guggenheim increased their price target on Texas Roadhouse from $200.00 to $210.00 and gave the company a "buy" rating in a research report on Friday, July 11th. UBS Group upped their price objective on Texas Roadhouse from $200.00 to $220.00 and gave the company a "buy" rating in a report on Friday, June 6th. Truist Financial set a $212.00 price objective on Texas Roadhouse and gave the stock a "buy" rating in a research note on Wednesday, July 2nd. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of Texas Roadhouse in a report on Tuesday, July 15th. Ten analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $196.85.

Texas Roadhouse Stock Down 1.2%

Texas Roadhouse stock traded down $2.16 during trading on Friday, hitting $182.97. The stock had a trading volume of 1,110,680 shares, compared to its average volume of 1,105,196. Texas Roadhouse, Inc. has a 1 year low of $148.73 and a 1 year high of $206.04. The stock's 50 day moving average is $189.10 and its two-hundred day moving average is $179.13. The stock has a market cap of $12.14 billion, a price-to-earnings ratio of 28.24, a price-to-earnings-growth ratio of 2.64 and a beta of 0.87.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last posted 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). The company had revenue of $1.45 billion for the quarter, compared to analysts' expectations 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 quarter in the prior year, the company earned $1.69 EPS. As a group, equities research analysts anticipate that Texas Roadhouse, Inc. will post 7.23 EPS for the current fiscal year.

Texas Roadhouse Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 1st. Investors of record on Tuesday, June 3rd were given a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date was Tuesday, June 3rd. Texas Roadhouse's dividend payout ratio (DPR) is 41.98%.

Insiders Place Their Bets

In related news, Director Gregory N. Moore sold 1,000 shares of the 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 owned 38,050 shares in the company, valued at approximately $7,138,941. This trade represents a 2.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 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 owned 4,632 shares in the company, valued at $863,960.64. This trade represents a 14.73% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.50% of the company's stock.

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.