Birinyi Associates Inc. Has $1.39 Million Stock Position in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Birinyi Associates Inc. reduced its stake in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 63.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,326 shares of the restaurant operator's stock after selling 14,560 shares during the period. Texas Roadhouse accounts for about 0.4% of Birinyi Associates Inc.'s investment portfolio, making the stock its 24th largest position. Birinyi Associates Inc.'s holdings in Texas Roadhouse were worth $1,387,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also modified their holdings of the company. Private Advisor Group LLC raised its holdings in Texas Roadhouse by 14.3% in the first quarter. Private Advisor Group LLC now owns 2,872 shares of the restaurant operator's stock valued at $479,000 after buying an additional 360 shares during the period. Tributary Capital Management LLC purchased a new position in Texas Roadhouse in the first quarter valued at approximately $329,000. Cullen Frost Bankers Inc. raised its holdings in Texas Roadhouse by 941.7% in the first quarter. Cullen Frost Bankers Inc. now owns 625 shares of the restaurant operator's stock valued at $104,000 after buying an additional 565 shares during the period. Segall Bryant & Hamill LLC raised its holdings in Texas Roadhouse by 2.3% in the first quarter. Segall Bryant & Hamill LLC now owns 141,584 shares of the restaurant operator's stock valued at $23,592,000 after buying an additional 3,224 shares during the period. Finally, Victory Capital Management Inc. raised its stake in shares of Texas Roadhouse by 0.6% during the first quarter. Victory Capital Management Inc. now owns 186,027 shares of the restaurant operator's stock valued at $30,998,000 after purchasing an additional 1,018 shares during the period. 94.82% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Texas Roadhouse news, Director Gregory N. Moore sold 1,000 shares of the business's stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $187.62, for a total transaction of $187,620.00. Following the sale, the director owned 38,050 shares in the company, valued at approximately $7,138,941. The trade was a 2.56% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Donna E. Epps sold 800 shares of the firm's stock in a transaction dated 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 owned 4,632 shares of the company's stock, 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 currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Citigroup lowered shares of Texas Roadhouse from a "buy" rating to a "neutral" rating and dropped their price objective for the company from $213.00 to $164.00 in a research note on Wednesday, April 23rd. Stephens reiterated an "equal weight" rating and set a $170.00 price objective on shares of Texas Roadhouse in a research note on Tuesday, June 10th. Wells Fargo & Company dropped their price objective on shares of Texas Roadhouse from $175.00 to $170.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 22nd. Barclays lifted their price objective on shares of Texas Roadhouse from $175.00 to $189.00 and gave the company an "equal weight" rating in a research note on Thursday. Finally, The Goldman Sachs Group lifted their price objective on shares of Texas Roadhouse from $184.00 to $205.00 and gave the company a "neutral" rating in a research note on Wednesday, June 4th. Ten investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $194.10.

Texas Roadhouse Price Performance

Shares of NASDAQ TXRH traded up $1.50 during midday trading on Friday, reaching $184.08. 594,372 shares of the company traded hands, compared to its average volume of 935,314. The stock has a 50-day moving average price of $189.94 and a 200 day moving average price of $178.84. Texas Roadhouse, Inc. has a 52 week low of $148.73 and a 52 week high of $206.04. The company has a market cap of $12.21 billion, a price-to-earnings ratio of 28.41, a PEG ratio of 2.43 and a beta of 0.87.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The restaurant operator reported $1.70 EPS for the quarter, missing the consensus estimate of $1.75 by ($0.05). Texas Roadhouse had a return on equity of 32.33% and a net margin of 7.89%. The business had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.44 billion. During the same quarter last year, the firm posted $1.69 earnings per share. Texas Roadhouse's revenue was up 11.8% compared to the same quarter last year. As a group, analysts expect that Texas Roadhouse, Inc. will post 7.23 EPS for the current year.

Texas Roadhouse Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 1st. Shareholders of record on Tuesday, June 3rd were given a $0.68 dividend. This represents a $2.72 annualized dividend and a yield of 1.48%. The ex-dividend date of this dividend was Tuesday, June 3rd. Texas Roadhouse's dividend payout ratio (DPR) is presently 41.98%.

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.