Texas Roadhouse, Inc. (NASDAQ:TXRH) is Geneva Capital Management LLC's 5th Largest Position

Key Points

• Geneva Capital Management LLC has reduced its stake in Texas Roadhouse, owning 906,397 shares valued at approximately $151.03 million, which accounts for 2.8% of its holdings.
• Analysts are generally positive on Texas Roadhouse, with an average target price of $196.85 and ratings including ten "hold," eleven "buy," and one "strong buy."
• Texas Roadhouse recently declared a quarterly dividend of $0.68 per share, representing a yield of 1.5% and a payout ratio of 41.98%.

Geneva Capital Management LLC decreased its stake in Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 0.2% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 906,397 shares of the restaurant operator's stock after selling 1,772 shares during the period. Texas Roadhouse accounts for approximately 2.8% of Geneva Capital Management LLC's holdings, making the stock its 5th largest position. Geneva Capital Management LLC owned approximately 1.36% of Texas Roadhouse worth $151,033,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Congress Asset Management Co. grew its stake in shares of Texas Roadhouse by 8,956.4% during the first quarter. Congress Asset Management Co. now owns 465,679 shares of the restaurant operator's stock worth $77,596,000 after buying an additional 460,537 shares during the last quarter. FMR LLC lifted its stake in shares of Texas Roadhouse by 44.8% in the fourth quarter. FMR LLC now owns 1,300,987 shares of the restaurant operator's stock valued at $234,737,000 after buying an additional 402,465 shares in the last quarter. T. Rowe Price Investment Management Inc. grew its holdings in Texas Roadhouse by 255.1% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 520,352 shares of the restaurant operator's stock worth $93,888,000 after buying an additional 373,812 shares in the last quarter. GAMMA Investing LLC grew its position in Texas Roadhouse by 19,250.9% in the 1st quarter. GAMMA Investing LLC now owns 325,095 shares of the restaurant operator's stock worth $54,171,000 after purchasing an additional 323,415 shares in the last quarter. Finally, TD Asset Management Inc grew its stake in Texas Roadhouse by 49.1% in the 1st quarter. TD Asset Management Inc now owns 600,666 shares of the restaurant operator's stock valued at $100,089,000 after purchasing an additional 197,939 shares during the period. Institutional investors and hedge funds own 94.82% of the company's stock.

Texas Roadhouse Stock Up 1.2%

TXRH traded up $2.16 on Wednesday, reaching $184.39. 722,017 shares of the company traded hands, compared to its average volume of 742,147. Texas Roadhouse, Inc. has a one year low of $148.73 and a one year high of $206.04. The firm has a fifty day simple moving average of $188.27 and a two-hundred day simple moving average of $179.26. The company has a market cap of $12.23 billion, a P/E ratio of 28.46, a price-to-earnings-growth ratio of 2.57 and a beta of 0.86.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The restaurant operator reported $1.70 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.75 by ($0.05). Texas Roadhouse had a return on equity of 32.33% and a net margin of 7.89%. The firm had revenue of $1.45 billion during the quarter, compared to analysts' expectations of $1.44 billion. During the same period in the previous year, the firm earned $1.69 EPS. The firm's quarterly revenue was up 11.8% on a year-over-year basis. On average, equities analysts forecast that Texas Roadhouse, Inc. will post 7.23 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Guggenheim raised their price objective on shares of Texas Roadhouse from $200.00 to $210.00 and gave the stock a "buy" rating in a report on Friday, July 11th. Citigroup upped their price target on shares of Texas Roadhouse from $180.00 to $197.00 and gave the company a "neutral" rating in a research report on Tuesday, July 29th. Melius Research upgraded Texas Roadhouse to a "strong-buy" rating in a research report on Monday, July 14th. Bank of America increased their price target on shares of Texas Roadhouse from $203.00 to $219.00 and gave the stock a "buy" rating in a research note on Friday, July 18th. Finally, Stephens reissued an "equal weight" rating and set a $170.00 price target on shares of Texas Roadhouse in a research report on Tuesday, June 10th. Ten analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Texas Roadhouse has a consensus rating of "Moderate Buy" and a consensus target price of $196.85.

Insider Buying and Selling at Texas Roadhouse

In related news, 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 sale, the director directly owned 4,632 shares in the company, valued at approximately $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 Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Gregory N. Moore sold 1,000 shares of Texas Roadhouse 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 transaction, the director owned 38,050 shares in the company, valued at approximately $7,138,941. This represents a 2.56% decrease in their position. The disclosure for this sale can be found here. 0.50% of the stock is owned by corporate insiders.

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.