Texas Roadhouse, Inc. $TXRH Shares Sold by Cooper Investors PTY Ltd.

Key Points

• Cooper Investors PTY Ltd. reduced its stake in Texas Roadhouse by 8.9%, owning 41,037 shares, making the stock just 1.4% of its portfolio.
• Wall Street analysts have a generally positive outlook for Texas Roadhouse, with an average price target of $197.35 and several analysts providing "buy" ratings.
• The company recently reported $1.86 earnings per share, missing analyst expectations while also showing a revenue increase of 12.7% year-over-year.

Cooper Investors PTY Ltd. lessened its holdings in Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 8.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 41,037 shares of the restaurant operator's stock after selling 4,017 shares during the quarter. Texas Roadhouse accounts for approximately 1.4% of Cooper Investors PTY Ltd.'s holdings, making the stock its 27th largest holding. Cooper Investors PTY Ltd. owned 0.06% of Texas Roadhouse worth $7,691,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Axiom Investors LLC DE lifted its holdings in shares of Texas Roadhouse by 3,696.7% during the first quarter. Axiom Investors LLC DE now owns 2,173,807 shares of the restaurant operator's stock worth $362,221,000 after purchasing an additional 2,116,552 shares during the period. T. Rowe Price Investment Management Inc. lifted its holdings in shares of Texas Roadhouse by 209.3% during the first quarter. T. Rowe Price Investment Management Inc. now owns 1,609,608 shares of the restaurant operator's stock worth $268,209,000 after purchasing an additional 1,089,256 shares during the period. Congress Asset Management Co. lifted its holdings 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 purchasing an additional 460,537 shares during the period. AQR Capital Management LLC lifted its holdings in shares of Texas Roadhouse by 54.3% during the first quarter. AQR Capital Management LLC now owns 1,261,587 shares of the restaurant operator's stock worth $209,840,000 after purchasing an additional 443,767 shares during the period. Finally, GAMMA Investing LLC lifted its holdings in shares of Texas Roadhouse by 19,250.9% during 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. Institutional investors and hedge funds own 94.82% of the company's stock.

Insider Activity

In other news, President Regina A. Tobin sold 3,153 shares of the stock in a transaction on Monday, August 18th. The stock was sold at an average price of $173.53, for a total transaction of $547,140.09. Following the completion of the transaction, the president directly owned 15,261 shares in the company, valued at approximately $2,648,241.33. This represents a 17.12% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CTO Hernan E. Mujica sold 2,189 shares of the stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $172.40, for a total value of $377,383.60. Following the transaction, the chief technology officer owned 17,553 shares of the company's stock, valued at approximately $3,026,137.20. This represents a 11.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 8,342 shares of company stock valued at $1,443,704 in the last quarter. Insiders own 0.50% of the company's stock.

Texas Roadhouse Trading Down 0.3%

NASDAQ:TXRH traded down $0.50 during trading hours on Tuesday, hitting $159.06. The company had a trading volume of 373,861 shares, compared to its average volume of 1,114,792. The company has a 50-day moving average of $175.56 and a 200 day moving average of $177.68. The company has a market cap of $10.57 billion, a P/E ratio of 24.28, a P/E/G ratio of 2.16 and a beta of 0.84. Texas Roadhouse, Inc. has a 1 year low of $148.73 and a 1 year high of $206.04.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last issued its earnings results on Thursday, August 7th. The restaurant operator reported $1.86 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.95 by ($0.09). The company had revenue of $1.51 billion during the quarter, compared to analysts' expectations of $1.50 billion. Texas Roadhouse had a net margin of 7.72% and a return on equity of 31.52%. The firm's quarterly revenue was up 12.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.79 earnings per share. On average, analysts forecast that Texas Roadhouse, Inc. will post 7.23 earnings per share for the current year.

Texas Roadhouse Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 2nd will be issued a $0.68 dividend. This represents a $2.72 annualized dividend and a yield of 1.7%. The ex-dividend date is Tuesday, September 2nd. Texas Roadhouse's dividend payout ratio is presently 41.53%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Stifel Nicolaus lifted their target price on Texas Roadhouse from $180.00 to $188.00 and gave the stock a "hold" rating in a report on Friday, July 25th. Barclays lifted their target price on Texas Roadhouse from $175.00 to $189.00 and gave the stock an "equal weight" rating in a report on Thursday, July 17th. The Goldman Sachs Group lifted their target price on Texas Roadhouse from $184.00 to $205.00 and gave the stock a "neutral" rating in a report on Wednesday, June 4th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of Texas Roadhouse in a report on Tuesday, July 15th. Finally, Evercore ISI downgraded Texas Roadhouse from an "outperform" rating to an "in-line" rating and set a $190.00 price target for the company. in a report on Thursday, September 4th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and eleven have issued a Hold rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $197.35.

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.