GHP Investment Advisors Inc. Lowers Position in Texas Roadhouse, Inc. (NASDAQ:TXRH)

GHP Investment Advisors Inc. decreased its holdings in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 4.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 45,508 shares of the restaurant operator's stock after selling 2,023 shares during the quarter. GHP Investment Advisors Inc. owned 0.07% of Texas Roadhouse worth $7,583,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in TXRH. CIBC Asset Management Inc grew its holdings in shares of Texas Roadhouse by 5.1% during the fourth quarter. CIBC Asset Management Inc now owns 2,052 shares of the restaurant operator's stock worth $370,000 after purchasing an additional 100 shares during the last quarter. Ieq Capital LLC grew its holdings in shares of Texas Roadhouse by 187.7% during the fourth quarter. Ieq Capital LLC now owns 10,002 shares of the restaurant operator's stock worth $1,805,000 after purchasing an additional 6,525 shares during the last quarter. Y Intercept Hong Kong Ltd grew its holdings in shares of Texas Roadhouse by 38.7% during the fourth quarter. Y Intercept Hong Kong Ltd now owns 25,083 shares of the restaurant operator's stock worth $4,526,000 after purchasing an additional 6,998 shares during the last quarter. IFP Advisors Inc grew its holdings in shares of Texas Roadhouse by 47.2% during the fourth quarter. IFP Advisors Inc now owns 2,093 shares of the restaurant operator's stock worth $378,000 after purchasing an additional 671 shares during the last quarter. Finally, Amalgamated Bank grew its holdings in shares of Texas Roadhouse by 0.5% during the fourth quarter. Amalgamated Bank now owns 33,569 shares of the restaurant operator's stock worth $6,057,000 after purchasing an additional 159 shares during the last quarter. 94.82% of the stock is currently owned by institutional investors.

Texas Roadhouse Stock Up 0.1%

TXRH traded up $0.20 during trading on Tuesday, hitting $188.79. The company's stock had a trading volume of 954,720 shares, compared to its average volume of 933,809. Texas Roadhouse, Inc. has a twelve month low of $148.73 and a twelve month high of $206.04. The stock's fifty day moving average price is $182.66 and its 200-day moving average price is $178.58. The firm has a market capitalization of $12.52 billion, a P/E ratio of 29.13, a PEG ratio of 2.52 and a beta of 0.90.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last issued its quarterly 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 net margin of 7.89% and a return on equity of 32.33%. The business had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.44 billion. During the same period last year, the firm posted $1.69 earnings per share. Texas Roadhouse's quarterly revenue was up 11.8% compared to the same quarter last year. Equities research analysts expect that Texas Roadhouse, Inc. will post 7.23 EPS for the current fiscal year.

Texas Roadhouse Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Tuesday, June 3rd will be paid a $0.68 dividend. This represents a $2.72 annualized dividend and a yield of 1.44%. The ex-dividend date is Tuesday, June 3rd. Texas Roadhouse's dividend payout ratio (DPR) is presently 41.98%.

Insider Buying and Selling at Texas Roadhouse

In other news, Director Gregory N. Moore sold 1,000 shares of the company's stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $187.62, for a total transaction of $187,620.00. Following the transaction, the director now directly owns 38,050 shares of the company's stock, valued at $7,138,941. This represents a 2.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Donna E. Epps sold 800 shares of the company'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 value of $149,216.00. Following the transaction, the director now directly owns 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 disclosure for this sale can be found here. Insiders own 0.50% of the company's stock.

Wall Street Analysts Forecast Growth

TXRH has been the topic of several research reports. Stephens restated an "equal weight" rating and set a $170.00 price target on shares of Texas Roadhouse in a report on Tuesday, June 10th. Barclays reduced their price target on Texas Roadhouse from $179.00 to $175.00 and set an "equal weight" rating on the stock in a report on Friday, May 9th. UBS Group boosted their price target on Texas Roadhouse from $200.00 to $220.00 and gave the stock a "buy" rating in a report on Friday, June 6th. Wedbush upped their target price on Texas Roadhouse from $200.00 to $210.00 and gave the company an "outperform" rating in a report on Friday, March 28th. Finally, Robert W. Baird set a $180.00 target price on Texas Roadhouse and gave the company an "outperform" rating in a report on Monday, April 7th. Ten research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $191.71.

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.