Legato Capital Management LLC Lowers Stake in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Legato Capital Management LLC lessened its stake in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 33.9% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 5,292 shares of the restaurant operator's stock after selling 2,717 shares during the period. Legato Capital Management LLC's holdings in Texas Roadhouse were worth $882,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of TXRH. Valeo Financial Advisors LLC grew its stake in shares of Texas Roadhouse by 2.3% in the 1st quarter. Valeo Financial Advisors LLC now owns 2,750 shares of the restaurant operator's stock valued at $458,000 after buying an additional 62 shares during the period. Optas LLC grew its stake in shares of Texas Roadhouse by 1.3% in the 1st quarter. Optas LLC now owns 5,217 shares of the restaurant operator's stock valued at $869,000 after buying an additional 65 shares during the period. Oregon Public Employees Retirement Fund grew its stake in shares of Texas Roadhouse by 0.5% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 13,627 shares of the restaurant operator's stock valued at $2,271,000 after buying an additional 66 shares during the period. Coppell Advisory Solutions LLC grew its stake in shares of 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 during the period. Finally, Trek Financial LLC grew its stake in shares of Texas Roadhouse by 5.9% in the 4th quarter. Trek Financial LLC now owns 1,407 shares of the restaurant operator's stock valued at $254,000 after buying an additional 79 shares during the period. Institutional investors and hedge funds own 94.82% of the company's stock.

Insider Buying and Selling at Texas Roadhouse

In related news, Director Gregory N. Moore sold 1,000 shares of Texas Roadhouse stock in a transaction on Monday, May 12th. The shares were sold at an average price of $187.62, for a total transaction of $187,620.00. Following the sale, the director directly owned 38,050 shares in the company, valued at $7,138,941. This trade represents a 2.56% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Donna E. Epps sold 800 shares of Texas Roadhouse stock in a transaction 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 sale, the director owned 4,632 shares in the company, valued at $863,960.64. This represents a 14.73% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.50% of the stock is owned by company insiders.

Texas Roadhouse Price Performance

Shares of TXRH traded up $0.52 during midday trading on Monday, reaching $188.66. The stock had a trading volume of 211,202 shares, compared to its average volume of 1,110,410. Texas Roadhouse, Inc. has a 1-year low of $148.73 and a 1-year high of $206.04. The company's fifty day simple moving average is $189.42 and its two-hundred day simple moving average is $178.94. The company has a market cap of $12.52 billion, a price-to-earnings ratio of 29.11, a PEG ratio of 2.65 and a beta of 0.87.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The restaurant operator reported $1.70 earnings per share 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 firm had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.44 billion. During the same quarter in the previous year, the business posted $1.69 earnings per share. Texas Roadhouse's revenue for the quarter was up 11.8% compared to the same quarter last year. On average, sell-side analysts forecast that Texas Roadhouse, Inc. will post 7.23 earnings per share for the current year.

Texas Roadhouse Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 1st. Investors of record on Tuesday, June 3rd were paid a dividend of $0.68 per share. The ex-dividend date of this dividend was Tuesday, June 3rd. This represents a $2.72 annualized dividend and a yield of 1.44%. Texas Roadhouse's dividend payout ratio is currently 41.98%.

Analyst Ratings Changes

TXRH has been the subject of several analyst reports. UBS Group increased their price target on shares of Texas Roadhouse from $200.00 to $220.00 and gave the company a "buy" rating in a research note on Friday, June 6th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of Texas Roadhouse in a research note on Tuesday, July 15th. The Goldman Sachs Group increased their price objective on shares of Texas Roadhouse from $184.00 to $205.00 and gave the stock a "neutral" rating in a research report on Wednesday, June 4th. Stifel Nicolaus set a $188.00 price objective on shares of Texas Roadhouse and gave the stock a "hold" rating in a research report on Friday. Finally, Morgan Stanley increased their price objective on shares of Texas Roadhouse from $200.00 to $205.00 and gave the stock an "overweight" rating in a research report on Monday, July 14th. Ten investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Texas Roadhouse presently has a consensus rating of "Moderate Buy" and a consensus target price of $195.20.

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.