Texas Roadhouse, Inc. (NASDAQ:TXRH) Shares Sold by Jennison Associates LLC

Jennison Associates LLC decreased its position in Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 1.4% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 613,106 shares of the restaurant operator's stock after selling 8,626 shares during the quarter. Jennison Associates LLC owned approximately 0.92% of Texas Roadhouse worth $102,162,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in TXRH. Bogart Wealth LLC purchased a new stake in shares of Texas Roadhouse during the first quarter valued at $33,000. Coppell Advisory Solutions LLC boosted its position in shares of Texas Roadhouse by 56.8% during the fourth 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 during the last quarter. Park Place Capital Corp boosted its position in shares of Texas Roadhouse by 459.1% during the first 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 during the last quarter. MassMutual Private Wealth & Trust FSB boosted its position in shares of Texas Roadhouse by 41.9% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 379 shares of the restaurant operator's stock valued at $63,000 after buying an additional 112 shares during the last quarter. Finally, Versant Capital Management Inc boosted its position in shares of Texas Roadhouse by 153.9% during the first quarter. Versant Capital Management Inc now owns 457 shares of the restaurant operator's stock valued at $76,000 after buying an additional 277 shares during the last quarter. Institutional investors own 94.82% of the company's stock.

Texas Roadhouse Stock Performance

TXRH stock traded up $1.50 during trading on Friday, reaching $184.08. 594,372 shares of the company traded hands, compared to its average volume of 935,314. The business has a 50 day simple moving average of $189.94 and a 200 day simple moving average of $178.85. Texas Roadhouse, Inc. has a 12 month low of $148.73 and a 12 month high of $206.04. The company has a market capitalization of $12.21 billion, a price-to-earnings ratio of 28.41, a price-to-earnings-growth ratio of 2.43 and a beta of 0.87.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The restaurant operator reported $1.70 EPS for the quarter, missing analysts' consensus estimates 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 analysts' expectations of $1.44 billion. During the same quarter last year, the business posted $1.69 earnings per share. The company's quarterly revenue was up 11.8% compared to the same quarter last year. As a group, research analysts forecast that Texas Roadhouse, Inc. will post 7.23 EPS for the current year.

Texas Roadhouse Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 1st. Investors of record on Tuesday, June 3rd were issued a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.48%. The ex-dividend date was Tuesday, June 3rd. Texas Roadhouse's dividend payout ratio (DPR) is 41.98%.

Wall Street Analyst Weigh In

Several research firms have weighed in on TXRH. Stifel Nicolaus dropped their price target on Texas Roadhouse from $172.00 to $170.00 and set a "hold" rating for the company in a research note on Tuesday, April 15th. Melius began coverage on shares of Texas Roadhouse in a report on Monday, July 14th. They set a "buy" rating and a $235.00 price objective for the company. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of Texas Roadhouse in a research note on Tuesday. Guggenheim lifted their price objective on Texas Roadhouse from $200.00 to $210.00 and gave the stock a "buy" rating in a research note on Friday, July 11th. Finally, Robert W. Baird set a $180.00 price objective on Texas Roadhouse and gave the stock an "outperform" rating in a research note on Monday, April 7th. Ten research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $194.10.

Insider Transactions at Texas Roadhouse

In related news, Director Donna E. Epps sold 800 shares of Texas Roadhouse 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 transaction, the director directly owned 4,632 shares in the company, valued at approximately $863,960.64. This trade represents a 14.73% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Gregory N. Moore sold 1,000 shares of Texas Roadhouse stock in a transaction that occurred on Monday, May 12th. The shares were 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 of the company's stock, valued at approximately $7,138,941. This represents a 2.56% 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 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.