Montag A & Associates Inc. Has $253,000 Stock Holdings in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Montag A & Associates Inc. decreased its stake in Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 49.8% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,513 shares of the restaurant operator's stock after selling 1,498 shares during the quarter. Montag A & Associates Inc.'s holdings in Texas Roadhouse were worth $253,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the stock. Norges Bank bought a new stake in shares of Texas Roadhouse during the fourth quarter valued at approximately $155,239,000. Congress Asset Management Co. raised its position 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 acquiring an additional 460,537 shares during the last quarter. FMR LLC lifted its stake in shares of Texas Roadhouse by 44.8% during the fourth quarter. FMR LLC now owns 1,300,987 shares of the restaurant operator's stock valued at $234,737,000 after acquiring an additional 402,465 shares during the period. T. Rowe Price Investment Management Inc. boosted its holdings in Texas Roadhouse by 255.1% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 520,352 shares of the restaurant operator's stock valued at $93,888,000 after acquiring an additional 373,812 shares during the last quarter. Finally, GAMMA Investing LLC increased its position in Texas Roadhouse by 19,250.9% in the first 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 during the period. 94.82% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, Director Gregory N. Moore sold 1,000 shares of Texas Roadhouse stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $187.62, for a total value of $187,620.00. Following the completion of the transaction, the director owned 38,050 shares of the company's stock, 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 SEC, which is available at this link. Also, Director Donna E. Epps sold 800 shares of the company's stock in a transaction dated Friday, May 23rd. The shares were 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 disclosure for this sale can be found here. 0.50% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research analysts have issued reports on TXRH shares. Wells Fargo & Company cut their target price on shares of Texas Roadhouse from $175.00 to $170.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 22nd. Stephens reaffirmed an "equal weight" rating and set a $170.00 target price on shares of Texas Roadhouse in a report on Tuesday, June 10th. UBS Group lifted their price objective on Texas Roadhouse from $200.00 to $220.00 and gave the stock a "buy" rating in a research note on Friday, June 6th. Melius Research upgraded Texas Roadhouse to a "strong-buy" rating in a report on Monday, July 14th. Finally, Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of Texas Roadhouse in a research report on Tuesday, July 15th. Ten equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $194.95.

Texas Roadhouse Stock Performance

NASDAQ TXRH traded up $1.45 during trading on Friday, hitting $185.64. The stock had a trading volume of 102,744 shares, compared to its average volume of 1,113,026. The company has a market capitalization of $12.32 billion, a PE ratio of 28.65, a P/E/G ratio of 2.63 and a beta of 0.87. Texas Roadhouse, Inc. has a 12 month low of $148.73 and a 12 month high of $206.04. The company's 50-day moving average price is $189.52 and its two-hundred day moving average price is $178.93.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last released its earnings results 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 business had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.44 billion. During the same period last year, the business posted $1.69 EPS. The firm's revenue for the quarter was up 11.8% on a year-over-year basis. As a group, equities analysts anticipate that Texas Roadhouse, Inc. will post 7.23 earnings per share for the current fiscal 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 given a dividend of $0.68 per share. The ex-dividend date was Tuesday, June 3rd. This represents a $2.72 annualized dividend and a yield of 1.47%. Texas Roadhouse's dividend payout ratio (DPR) is presently 41.98%.

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.