Nuveen Asset Management LLC Cuts Stock Position in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Nuveen Asset Management LLC lessened its stake in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 13.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 269,520 shares of the restaurant operator's stock after selling 41,904 shares during the quarter. Nuveen Asset Management LLC owned about 0.40% of Texas Roadhouse worth $48,629,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Texas Roadhouse in the fourth quarter valued at $30,000. Coppell Advisory Solutions LLC boosted its stake in Texas Roadhouse by 56.8% in the 4th quarter. Coppell Advisory Solutions LLC now owns 196 shares of the restaurant operator's stock worth $35,000 after buying an additional 71 shares during the last quarter. SBI Securities Co. Ltd. acquired a new stake in Texas Roadhouse in the 4th quarter worth about $36,000. MassMutual Private Wealth & Trust FSB boosted its stake in Texas Roadhouse by 32.2% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 267 shares of the restaurant operator's stock worth $48,000 after buying an additional 65 shares during the last quarter. Finally, VisionPoint Advisory Group LLC acquired a new stake in Texas Roadhouse in the 4th quarter worth about $64,000. Hedge funds and other institutional investors own 94.82% of the company's stock.

Texas Roadhouse Stock Up 0.3%

Shares of Texas Roadhouse stock opened at $193.53 on Tuesday. The firm has a market cap of $12.86 billion, a price-to-earnings ratio of 29.91, a price-to-earnings-growth ratio of 1.23 and a beta of 0.87. The business has a fifty day simple moving average of $169.66 and a 200-day simple moving average of $179.41. Texas Roadhouse, Inc. has a fifty-two week low of $148.73 and a fifty-two week high of $206.04.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last announced its earnings results 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). The company had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.44 billion. Texas Roadhouse had a return on equity of 34.02% and a net margin of 8.07%. The firm's revenue for the quarter was up 11.8% on a year-over-year basis. During the same period last year, the firm earned $1.69 earnings per share. Analysts anticipate that Texas Roadhouse, Inc. will post 7.23 earnings per share for the current fiscal year.

Texas Roadhouse Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Tuesday, June 3rd will be given a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a yield of 1.41%. The ex-dividend date of this dividend is Tuesday, June 3rd. Texas Roadhouse's payout ratio is 41.98%.

Wall Street Analyst Weigh In

TXRH has been the topic of several research analyst reports. Wedbush lifted their price objective on Texas Roadhouse from $200.00 to $210.00 and gave the company an "outperform" rating in a research note on Friday, March 28th. Citigroup downgraded Texas Roadhouse from a "buy" rating to a "neutral" rating and dropped their target price for the company from $213.00 to $164.00 in a report on Wednesday, April 23rd. Wells Fargo & Company dropped their target price on Texas Roadhouse from $175.00 to $170.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 22nd. Robert W. Baird set a $180.00 price objective on Texas Roadhouse and gave the stock an "outperform" rating in a report on Monday, April 7th. Finally, Morgan Stanley upgraded Texas Roadhouse from an "equal weight" rating to an "overweight" rating and lifted their price objective for the stock from $205.00 to $213.00 in a report on Tuesday, January 21st. Ten equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $191.62.

Insider Activity at Texas Roadhouse

In other Texas Roadhouse news, Director Gregory N. Moore sold 1,000 shares of the company's stock in a transaction dated 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 now directly owns 38,050 shares of the company's stock, valued at $7,138,941. This represents a 2.56% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CTO Hernan E. Mujica sold 2,050 shares of the company's stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $170.66, for a total value of $349,853.00. Following the completion of the transaction, the chief technology officer now directly owns 17,162 shares in the company, valued at approximately $2,928,866.92. The trade was a 10.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 17,535 shares of company stock valued at $3,140,127. Company insiders own 0.50% of the company's stock.

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.

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