Wilmington Savings Fund Society FSB Sells 1,867 Shares of Texas Roadhouse, Inc. $TXRH

Key Points

• Wilmington Savings Fund Society FSB reduced its stake in Texas Roadhouse, Inc. by 32.8%, selling 1,867 shares, and now holds 3,827 shares valued at approximately $717,000.
• An insider, President Regina A. Tobin, sold 3,153 shares at an average price of $173.53, representing a 17.12% decrease in her ownership.
• Texas Roadhouse recently declared a quarterly dividend of $0.68, with an annualized yield of 1.6%, as it reports a net margin of 7.72% and revenue growth of 12.7% from the previous year.

Wilmington Savings Fund Society FSB lowered its stake in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 32.8% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 3,827 shares of the restaurant operator's stock after selling 1,867 shares during the quarter. Wilmington Savings Fund Society FSB's holdings in Texas Roadhouse were worth $717,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Axiom Investors LLC DE raised its holdings in shares of Texas Roadhouse by 3,696.7% in the first quarter. Axiom Investors LLC DE now owns 2,173,807 shares of the restaurant operator's stock worth $362,221,000 after buying an additional 2,116,552 shares during the period. Roundview Capital LLC purchased a new stake in shares of Texas Roadhouse in the second quarter worth approximately $1,482,000. Golden State Wealth Management LLC raised its holdings in shares of Texas Roadhouse by 157.3% in the first quarter. Golden State Wealth Management LLC now owns 4,658 shares of the restaurant operator's stock worth $776,000 after buying an additional 2,848 shares during the period. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Texas Roadhouse by 253.5% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 38,086 shares of the restaurant operator's stock worth $6,346,000 after buying an additional 27,312 shares during the period. Finally, Night Squared LP purchased a new stake in Texas Roadhouse in the 1st quarter valued at about $6,461,000. 94.82% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, President Regina A. Tobin sold 3,153 shares of Texas Roadhouse stock in a transaction on Monday, August 18th. The stock was 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. This trade represents a 17.12% decrease in their position. The sale was disclosed in a legal filing 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 value of $377,383.60. Following the completion of the transaction, the chief technology officer owned 17,553 shares in the company, valued at $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. In the last three months, insiders have sold 8,342 shares of company stock worth $1,443,704. 0.50% of the stock is currently owned by company insiders.

Texas Roadhouse Trading Up 0.1%

Shares of NASDAQ TXRH opened at $172.74 on Friday. Texas Roadhouse, Inc. has a 12-month low of $148.73 and a 12-month high of $206.04. The stock's fifty day simple moving average is $168.89 and its two-hundred day simple moving average is $176.81. The stock has a market capitalization of $11.48 billion, a PE ratio of 26.37, a price-to-earnings-growth ratio of 2.55 and a beta of 0.82.

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 (EPS) 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 quarter in the prior year, the business posted $1.79 earnings per share. The company's revenue was up 12.7% compared to the same quarter last year. On average, equities analysts predict that Texas Roadhouse, Inc. will post 7.23 earnings per share for the current fiscal year.

Texas Roadhouse Announces Dividend

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

Wall Street Analysts Forecast Growth

TXRH has been the subject of several research reports. The Goldman Sachs Group lowered their price objective on shares of Texas Roadhouse from $200.00 to $180.00 and set a "neutral" rating for the company in a research report on Wednesday, October 1st. Weiss Ratings restated a "buy (b)" rating on shares of Texas Roadhouse in a report on Wednesday, October 8th. JPMorgan Chase & Co. reduced their price objective on Texas Roadhouse from $200.00 to $182.00 and set a "neutral" rating on the stock in a report on Tuesday, October 7th. Stifel Nicolaus raised their price objective on Texas Roadhouse from $180.00 to $188.00 and gave the stock a "hold" rating in a report on Friday, July 25th. Finally, Melius Research upgraded Texas Roadhouse to a "strong-buy" rating in a report on Monday, July 14th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and eleven have assigned a Hold rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $195.25.

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.

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