Texas Roadhouse, Inc. (NASDAQ:TXRH) Position Decreased by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. reduced its holdings in Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 27.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,503 shares of the restaurant operator's stock after selling 1,682 shares during the quarter. Envestnet Portfolio Solutions Inc.'s holdings in Texas Roadhouse were worth $750,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in TXRH. Vanguard Group Inc. increased its holdings in shares of Texas Roadhouse by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 6,540,615 shares of the restaurant operator's stock valued at $1,180,123,000 after buying an additional 76,051 shares in the last quarter. Invesco Ltd. increased its stake in Texas Roadhouse by 5.9% in the 4th quarter. Invesco Ltd. now owns 2,479,323 shares of the restaurant operator's stock worth $447,344,000 after purchasing an additional 138,675 shares in the last quarter. FMR LLC raised its holdings in Texas Roadhouse by 44.8% during the 4th quarter. FMR LLC now owns 1,300,987 shares of the restaurant operator's stock worth $234,737,000 after buying an additional 402,465 shares during the period. Geode Capital Management LLC lifted its stake in Texas Roadhouse by 0.5% during the fourth quarter. Geode Capital Management LLC now owns 1,207,645 shares of the restaurant operator's stock valued at $217,959,000 after buying an additional 6,004 shares in the last quarter. Finally, Franklin Resources Inc. increased its position in shares of Texas Roadhouse by 8.1% in the fourth quarter. Franklin Resources Inc. now owns 966,611 shares of the restaurant operator's stock worth $174,406,000 after acquiring an additional 72,686 shares in the last quarter. 94.82% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

TXRH has been the subject of a number of recent analyst reports. Guggenheim decreased their price objective on shares of Texas Roadhouse from $205.00 to $200.00 and set a "buy" rating for the company in a research note on Thursday, February 27th. UBS Group raised their target price on Texas Roadhouse from $200.00 to $220.00 and gave the stock a "buy" rating in a research report on Friday, June 6th. Barclays lowered 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. Wells Fargo & Company reduced their price objective on Texas Roadhouse from $175.00 to $170.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 22nd. Finally, JPMorgan Chase & Co. decreased their price objective on Texas Roadhouse from $185.00 to $184.00 and set a "neutral" rating for the company in a research report on Thursday, March 20th. Ten equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $191.71.

Insiders Place Their Bets

In related news, Director Donna E. Epps sold 800 shares of the firm's stock in a transaction on Friday, May 23rd. The shares were 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 approximately $863,960.64. This trade represents a 14.73% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Gregory N. Moore sold 1,000 shares of Texas Roadhouse stock in a transaction 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 completion of the transaction, the director now owns 38,050 shares in the company, valued at $7,138,941. This trade represents a 2.56% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.50% of the company's stock.

Texas Roadhouse Stock Performance

Shares of NASDAQ TXRH opened at $184.01 on Thursday. The stock has a market cap of $12.21 billion, a price-to-earnings ratio of 28.40, a PEG ratio of 2.53 and a beta of 0.90. The business has a 50 day simple moving average of $183.13 and a 200 day simple moving average of $178.62. Texas Roadhouse, Inc. has a 52 week low of $148.73 and a 52 week high of $206.04.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last announced its quarterly 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). The company had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.44 billion. Texas Roadhouse had a return on equity of 32.33% and a net margin of 7.89%. Texas Roadhouse's quarterly revenue was up 11.8% on a year-over-year basis. During the same period in the prior year, the firm earned $1.69 EPS. On average, analysts predict that Texas Roadhouse, Inc. will post 7.23 EPS for the current year.

Texas Roadhouse Dividend Announcement

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

Texas Roadhouse Company 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.

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