US Bancorp DE Sells 2,652 Shares of Texas Roadhouse, Inc. $TXRH

Key Points

• US Bancorp DE has reduced its holdings in Texas Roadhouse by 15.8%, selling 2,652 shares, and now owns 14,099 shares valued at approximately $2.64 million.
• Analyst opinions on Texas Roadhouse are largely positive, with a consensus rating of "Moderate Buy" and an average target price of $195.25.
• Texas Roadhouse recently announced a quarterly dividend of $0.68 per share, amounting to an annualized dividend of $2.72 and a yield of 1.6%.

US Bancorp DE trimmed its holdings in Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 15.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 14,099 shares of the restaurant operator's stock after selling 2,652 shares during the period. US Bancorp DE's holdings in Texas Roadhouse were worth $2,642,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Farther Finance Advisors LLC boosted its position in Texas Roadhouse by 22.8% during the second quarter. Farther Finance Advisors LLC now owns 312 shares of the restaurant operator's stock worth $59,000 after purchasing an additional 58 shares during the period. Advisory Alpha LLC boosted its holdings in shares of Texas Roadhouse by 3.0% during the 1st quarter. Advisory Alpha LLC now owns 2,063 shares of the restaurant operator's stock worth $344,000 after buying an additional 60 shares during the period. Dakota Wealth Management boosted its holdings in shares of Texas Roadhouse by 3.8% during the 2nd quarter. Dakota Wealth Management now owns 1,675 shares of the restaurant operator's stock worth $314,000 after buying an additional 61 shares during the period. Valeo Financial Advisors LLC grew its stake in Texas Roadhouse by 2.3% in the 1st quarter. Valeo Financial Advisors LLC now owns 2,750 shares of the restaurant operator's stock valued at $458,000 after buying an additional 62 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund raised its holdings in Texas Roadhouse by 0.5% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 13,627 shares of the restaurant operator's stock valued at $2,271,000 after acquiring an additional 66 shares during the period. 94.82% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently issued reports on TXRH. Weiss Ratings restated a "buy (b)" rating on shares of Texas Roadhouse in a report on Wednesday, October 8th. Bank of America boosted their price objective on Texas Roadhouse from $203.00 to $219.00 and gave the stock a "buy" rating in a report on Friday, July 18th. Melius Research upgraded Texas Roadhouse to a "strong-buy" rating in a report on Monday, July 14th. Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of Texas Roadhouse in a report on Tuesday, July 15th. Finally, The Goldman Sachs Group reduced their price objective on Texas Roadhouse from $200.00 to $180.00 and set a "neutral" rating for the company in a report on Wednesday, October 1st. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and eleven have given a Hold rating to the company's stock. According to data from MarketBeat, Texas Roadhouse presently has a consensus rating of "Moderate Buy" and an average target price of $195.25.

Texas Roadhouse Stock Down 1.2%

Shares of NASDAQ:TXRH opened at $169.83 on Wednesday. The company's 50 day moving average price is $169.37 and its two-hundred day moving average price is $176.80. Texas Roadhouse, Inc. has a 12-month low of $148.73 and a 12-month high of $206.04. The firm has a market cap of $11.29 billion, a PE ratio of 25.93, a PEG ratio of 2.55 and a beta of 0.82.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last posted its quarterly 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 firm had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.50 billion. Texas Roadhouse had a return on equity of 31.52% and a net margin of 7.72%.The business's revenue was up 12.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.79 EPS. On average, research analysts expect that Texas Roadhouse, Inc. will post 7.23 EPS for the current year.

Texas Roadhouse Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 2nd were paid a dividend of $0.68 per share. The ex-dividend date was Tuesday, September 2nd. This represents a $2.72 annualized dividend and a yield of 1.6%. Texas Roadhouse's dividend payout ratio is presently 41.53%.

Insiders Place Their Bets

In other Texas Roadhouse news, President Regina A. Tobin sold 3,153 shares of the company's 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 sale, the president directly owned 15,261 shares in the company, valued at $2,648,241.33. This represents a 17.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Gregory N. Moore sold 3,000 shares of the company's stock in a transaction on Monday, August 18th. The stock was sold at an average price of $173.06, for a total value of $519,180.00. Following the sale, the director owned 34,550 shares of the company's stock, valued at $5,979,223. The trade was a 7.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 8,342 shares of company stock worth $1,443,704 over the last three months. 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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