Texas Roadhouse, Inc. $TXRH Stock Holdings Cut by Vanguard Group Inc.

Key Points

• Vanguard Group trimmed its stake in Texas Roadhouse by 1.2% in Q4 and now owns 6,188,827 shares—about 9.36% of the company—valued at roughly $1.03 billion.
• Company insiders sold a total of 12,988 shares worth $2.22 million over the last quarter (including sales by the CTO and a director), leaving insiders with just 0.50% ownership.
• Texas Roadhouse missed quarterly EPS estimates ($1.28 vs. $1.53 expected) but raised its quarterly dividend to $0.75 (a 1.9% yield, $3.00 annualized).

Vanguard Group Inc. reduced its position in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 1.2% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 6,188,827 shares of the restaurant operator's stock after selling 74,349 shares during the quarter. Vanguard Group Inc. owned about 9.36% of Texas Roadhouse worth $1,027,345,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Princeton Global Asset Management LLC bought a new position in Texas Roadhouse during the 4th quarter valued at $31,000. Measured Wealth Private Client Group LLC bought a new position in Texas Roadhouse during the 3rd quarter valued at $33,000. Root Financial Partners LLC bought a new position in Texas Roadhouse during the 3rd quarter valued at $36,000. Salomon & Ludwin LLC boosted its stake in Texas Roadhouse by 37.2% during the 3rd quarter. Salomon & Ludwin LLC now owns 299 shares of the restaurant operator's stock valued at $50,000 after purchasing an additional 81 shares in the last quarter. Finally, LRI Investments LLC boosted its stake in Texas Roadhouse by 100.0% during the 3rd quarter. LRI Investments LLC now owns 300 shares of the restaurant operator's stock valued at $50,000 after purchasing an additional 150 shares in the last quarter. 94.82% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, CTO Hernan E. Mujica sold 5,000 shares of the business's stock in a transaction that occurred on Friday, March 13th. The shares were sold at an average price of $170.00, for a total transaction of $850,000.00. Following the transaction, the chief technology officer directly owned 15,552 shares of the company's stock, valued at approximately $2,643,840. The trade was a 24.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Donna E. Epps sold 850 shares of the business's stock in a transaction that occurred on Friday, March 6th. The shares were sold at an average price of $172.45, for a total transaction of $146,582.50. Following the transaction, the director directly owned 4,892 shares in the company, valued at $843,625.40. The trade was a 14.80% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 12,988 shares of company stock valued at $2,218,144 over the last quarter. 0.50% of the stock is owned by insiders.

Texas Roadhouse Stock Down 1.7%

Shares of Texas Roadhouse stock opened at $158.29 on Friday. The stock has a market cap of $10.44 billion, a PE ratio of 25.99, a price-to-earnings-growth ratio of 1.84 and a beta of 0.77. The business has a fifty day simple moving average of $168.05 and a 200-day simple moving average of $172.95. Texas Roadhouse, Inc. has a 12 month low of $156.00 and a 12 month high of $199.99.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last issued its earnings results on Thursday, February 19th. The restaurant operator reported $1.28 EPS for the quarter, missing the consensus estimate of $1.53 by ($0.25). The business had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.50 billion. Texas Roadhouse had a return on equity of 27.88% and a net margin of 6.90%.The business's quarterly revenue was up 3.1% on a year-over-year basis. During the same period last year, the business earned $1.73 EPS. Analysts expect that Texas Roadhouse, Inc. will post 6.34 EPS for the current fiscal year.

Texas Roadhouse Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 17th were given a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 1.9%. This is a boost from Texas Roadhouse's previous quarterly dividend of $0.68. The ex-dividend date of this dividend was Tuesday, March 17th. Texas Roadhouse's payout ratio is 49.26%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Wells Fargo & Company reduced their price objective on Texas Roadhouse from $220.00 to $200.00 and set an "overweight" rating for the company in a research note on Thursday, April 16th. Sanford C. Bernstein set a $185.00 price objective on Texas Roadhouse in a research note on Wednesday, January 7th. Deutsche Bank Aktiengesellschaft set a $195.00 price objective on Texas Roadhouse in a research note on Wednesday, April 15th. Truist Financial reduced their price objective on Texas Roadhouse from $188.00 to $186.00 and set a "hold" rating for the company in a research note on Friday, February 20th. Finally, Morgan Stanley set a $199.00 price objective on Texas Roadhouse in a research note on Tuesday, April 21st. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and thirteen have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $195.14.

Texas Roadhouse Profile

Texas Roadhouse, Inc is a casual dining restaurant chain specializing in hand‐cut steaks, fall‐off‐the‐bone ribs, chicken, seafood and house specialties. Each restaurant features a Western‐themed décor, open kitchens and a signature line dance presentation of fresh, made‐from‐scratch sides and breads. The company emphasizes an energetic dining experience, focusing on hospitality, value and a family‐friendly environment.

The concept was created in 1993 by founder Kent Taylor, who sought to combine high‐quality steaks with an approachable, community‐oriented atmosphere.

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