Hodges Capital Management Inc. Cuts Position in Texas Roadhouse Inc (TXRH)

Hodges Capital Management Inc. cut its stake in Texas Roadhouse Inc (NASDAQ:TXRH) by 21.9% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 109,882 shares of the restaurant operator’s stock after selling 30,890 shares during the period. Hodges Capital Management Inc. owned about 0.15% of Texas Roadhouse worth $6,834,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in TXRH. Berman Capital Advisors LLC bought a new position in shares of Texas Roadhouse during the fourth quarter valued at about $27,000. Enlightenment Research LLC bought a new position in shares of Texas Roadhouse during the fourth quarter valued at about $42,000. Advisory Services Network LLC raised its stake in shares of Texas Roadhouse by 34.7% during the fourth quarter. Advisory Services Network LLC now owns 851 shares of the restaurant operator’s stock valued at $51,000 after acquiring an additional 219 shares during the last quarter. Bank of Montreal Can raised its stake in shares of Texas Roadhouse by 8.7% during the fourth quarter. Bank of Montreal Can now owns 2,100 shares of the restaurant operator’s stock valued at $126,000 after acquiring an additional 168 shares during the last quarter. Finally, Paradigm Asset Management Co. LLC raised its stake in shares of Texas Roadhouse by 10.0% during the third quarter. Paradigm Asset Management Co. LLC now owns 2,750 shares of the restaurant operator’s stock valued at $191,000 after acquiring an additional 250 shares during the last quarter. Institutional investors own 89.75% of the company’s stock.

In related news, Director Kathy Widmer sold 3,000 shares of Texas Roadhouse stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of $60.91, for a total transaction of $182,730.00. Following the completion of the transaction, the director now directly owns 12,400 shares of the company’s stock, valued at approximately $755,284. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO Douglas W. Thompson sold 6,000 shares of Texas Roadhouse stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $59.07, for a total transaction of $354,420.00. Following the transaction, the chief operating officer now directly owns 45,530 shares of the company’s stock, valued at $2,689,457.10. The disclosure for this sale can be found here. Insiders sold a total of 43,247 shares of company stock valued at $2,673,820 over the last three months. Corporate insiders own 5.89% of the company’s stock.

Shares of NASDAQ:TXRH traded down $1.25 on Monday, reaching $61.15. The company’s stock had a trading volume of 752,038 shares, compared to its average volume of 805,477. Texas Roadhouse Inc has a 52-week low of $56.33 and a 52-week high of $75.24. The stock has a market capitalization of $4.37 billion, a P/E ratio of 27.84, a PEG ratio of 2.09 and a beta of 0.67.

Texas Roadhouse (NASDAQ:TXRH) last issued its quarterly earnings data on Tuesday, February 19th. The restaurant operator reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.02. Texas Roadhouse had a net margin of 6.44% and a return on equity of 17.06%. The business had revenue of $605.91 million during the quarter, compared to analysts’ expectations of $599.06 million. During the same period last year, the company posted $0.40 EPS. The business’s revenue was up 11.2% on a year-over-year basis. On average, equities research analysts forecast that Texas Roadhouse Inc will post 2.47 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Wednesday, March 13th were paid a $0.30 dividend. This is a boost from Texas Roadhouse’s previous quarterly dividend of $0.25. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.96%. The ex-dividend date was Tuesday, March 12th. Texas Roadhouse’s dividend payout ratio (DPR) is presently 54.55%.

TXRH has been the subject of several recent analyst reports. ValuEngine downgraded shares of Texas Roadhouse from a “buy” rating to a “hold” rating in a research note on Friday, March 15th. BidaskClub raised shares of Texas Roadhouse from a “buy” rating to a “strong-buy” rating in a research note on Thursday, January 10th. Stifel Nicolaus downgraded shares of Texas Roadhouse from a “buy” rating to a “hold” rating and set a $70.00 price objective for the company. in a research note on Tuesday, January 22nd. Goldman Sachs Group raised shares of Texas Roadhouse from a “neutral” rating to a “buy” rating and upped their price objective for the company from $64.00 to $72.00 in a research note on Friday, January 11th. Finally, Wedbush reaffirmed a “hold” rating and set a $62.00 price objective on shares of Texas Roadhouse in a research note on Monday, February 11th. Four research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and six have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $65.71.

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Texas Roadhouse Company Profile

Texas Roadhouse, Inc, together with its subsidiaries, operates casual dining restaurants in the United States and internationally. The company operates and franchises Texas Roadhouse and Bubba's 33 restaurants. As of February 19, 2019, it owned and operated approximately 580 restaurants. Texas Roadhouse, Inc was founded in 1993 and is based in Louisville, Kentucky.

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Institutional Ownership by Quarter for Texas Roadhouse (NASDAQ:TXRH)

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