Vest Financial LLC Reduces Position in Texas Roadhouse, Inc. $TXRH

Key Points

• Vest Financial LLC has reduced its position in Texas Roadhouse, Inc. by 36.5%, owning 5,642 shares worth approximately $1,057,000 after selling 3,239 shares in the 2nd quarter.
• Texas Roadhouse reported $1.86 earnings per share for the latest quarter, missing estimates of $1.95, while revenue increased by 12.7% year-over-year to $1.51 billion.
• The company declared a quarterly dividend of $0.68, resulting in an annual yield of 1.6%, and has a payout ratio of 41.53%.

Vest Financial LLC lessened its holdings in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 36.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,642 shares of the restaurant operator's stock after selling 3,239 shares during the period. Vest Financial LLC's holdings in Texas Roadhouse were worth $1,057,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. CWM LLC grew its stake in Texas Roadhouse by 121.4% during the 2nd quarter. CWM LLC now owns 44,256 shares of the restaurant operator's stock valued at $8,294,000 after acquiring an additional 24,268 shares in the last quarter. Johnson Investment Counsel Inc. grew its stake in Texas Roadhouse by 1.0% during the 2nd quarter. Johnson Investment Counsel Inc. now owns 13,462 shares of the restaurant operator's stock valued at $2,523,000 after acquiring an additional 127 shares in the last quarter. waypoint wealth counsel purchased a new stake in Texas Roadhouse during the 2nd quarter valued at about $329,000. Lindenwold Advisors INC grew its stake in Texas Roadhouse by 38.9% during the 2nd quarter. Lindenwold Advisors INC now owns 1,850 shares of the restaurant operator's stock valued at $347,000 after acquiring an additional 518 shares in the last quarter. Finally, Aberdeen Group plc grew its stake in Texas Roadhouse by 0.3% during the 2nd quarter. Aberdeen Group plc now owns 189,521 shares of the restaurant operator's stock valued at $35,518,000 after acquiring an additional 640 shares in the last quarter. Hedge funds and other institutional investors own 94.82% of the company's stock.

Texas Roadhouse Stock Performance

NASDAQ:TXRH opened at $172.53 on Thursday. The stock has a market capitalization of $11.46 billion, a P/E ratio of 26.34, a PEG ratio of 2.51 and a beta of 0.82. The company has a 50 day moving average price of $169.14 and a 200 day moving average price of $176.77. Texas Roadhouse, Inc. has a fifty-two week low of $148.73 and a fifty-two week high of $206.04.

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

Texas Roadhouse Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Tuesday, September 2nd were given a $0.68 dividend. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $2.72 dividend on an annualized basis and a yield of 1.6%. Texas Roadhouse's payout ratio is 41.53%.

Analyst Ratings Changes

Several analysts have recently weighed in on TXRH shares. Stifel Nicolaus increased their price target on shares of Texas Roadhouse from $180.00 to $188.00 and gave the company a "hold" rating in a research note on Friday, July 25th. Weiss Ratings reissued a "buy (b)" rating on shares of Texas Roadhouse in a research note on Wednesday, October 8th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of Texas Roadhouse in a research note on Tuesday, July 15th. Melius started coverage on shares of Texas Roadhouse in a research note on Monday, July 14th. They issued a "buy" rating and a $235.00 price target for the company. Finally, JPMorgan Chase & Co. dropped their price target on shares of Texas Roadhouse from $200.00 to $182.00 and set a "neutral" rating for the company in a research note on Tuesday, October 7th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and eleven have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $195.25.

Insider Activity at Texas Roadhouse

In other Texas Roadhouse news, President Regina A. Tobin sold 3,153 shares of Texas Roadhouse stock in a transaction on Monday, August 18th. The shares were sold at an average price of $173.53, for a total value of $547,140.09. Following the transaction, the president directly owned 15,261 shares in the company, valued at approximately $2,648,241.33. The trade was a 17.12% decrease in their ownership of the stock. 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 Texas Roadhouse stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $172.40, for a total transaction of $377,383.60. Following the completion of the transaction, the chief technology officer owned 17,553 shares in the company, 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 sold a total of 8,342 shares of company stock valued at $1,443,704 over the last ninety days. Insiders own 0.50% of the company's stock.

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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