Texas Roadhouse Inc (TXRH) Shares Sold by Ardevora Asset Management LLP

Ardevora Asset Management LLP cut its position in shares of Texas Roadhouse Inc (NASDAQ:TXRH) by 2.6% during the 1st quarter, HoldingsChannel.com reports. The firm owned 546,020 shares of the restaurant operator’s stock after selling 14,600 shares during the period. Ardevora Asset Management LLP’s holdings in Texas Roadhouse were worth $33,957,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Morgan Stanley boosted its stake in shares of Texas Roadhouse by 52.2% during the 3rd quarter. Morgan Stanley now owns 405,107 shares of the restaurant operator’s stock worth $28,069,000 after acquiring an additional 139,001 shares in the last quarter. Quantamental Technologies LLC bought a new stake in shares of Texas Roadhouse during the 4th quarter worth $201,000. Sawgrass Asset Management LLC boosted its stake in shares of Texas Roadhouse by 8.3% during the 4th quarter. Sawgrass Asset Management LLC now owns 7,485 shares of the restaurant operator’s stock worth $447,000 after acquiring an additional 575 shares in the last quarter. Vanguard Group Inc boosted its stake in shares of Texas Roadhouse by 4.9% during the 3rd quarter. Vanguard Group Inc now owns 6,042,344 shares of the restaurant operator’s stock worth $418,675,000 after acquiring an additional 284,604 shares in the last quarter. Finally, Vanguard Group Inc. boosted its stake in shares of Texas Roadhouse by 4.9% during the 3rd quarter. Vanguard Group Inc. now owns 6,042,344 shares of the restaurant operator’s stock worth $418,675,000 after acquiring an additional 284,604 shares in the last quarter. Institutional investors own 89.75% of the company’s stock.

Several equities research analysts have recently weighed in on TXRH shares. BidaskClub lowered Texas Roadhouse from a “strong-buy” rating to a “buy” rating in a research note on Friday, January 25th. Stifel Nicolaus lowered 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. Stephens raised Texas Roadhouse from an “equal weight” rating to an “overweight” rating and set a $70.00 price objective for the company in a research note on Wednesday, March 20th. Wedbush reissued a “hold” rating and set a $62.00 price objective on shares of Texas Roadhouse in a research note on Wednesday, February 20th. Finally, ValuEngine lowered Texas Roadhouse from a “buy” rating to a “hold” rating in a research note on Friday, March 15th. Four analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $65.71.

Shares of Texas Roadhouse stock opened at $60.19 on Thursday. The firm has a market capitalization of $4.32 billion, a PE ratio of 27.36, a price-to-earnings-growth ratio of 2.04 and a beta of 0.67. Texas Roadhouse Inc has a 12 month low of $56.33 and a 12 month high of $75.24.

Texas Roadhouse (NASDAQ:TXRH) last issued its earnings results on Tuesday, February 19th. The restaurant operator reported $0.42 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.40 by $0.02. The business had revenue of $605.91 million during the quarter, compared to analysts’ expectations of $599.06 million. Texas Roadhouse had a return on equity of 17.06% and a net margin of 6.44%. Texas Roadhouse’s revenue was up 11.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.40 earnings per share. Research analysts expect that Texas Roadhouse Inc will post 2.47 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Wednesday, March 13th were given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 1.99%. The ex-dividend date was Tuesday, March 12th. This is a boost from Texas Roadhouse’s previous quarterly dividend of $0.25. Texas Roadhouse’s dividend payout ratio (DPR) is 54.55%.

In other news, President Scott Matthew Colosi sold 34,247 shares of the firm’s stock in a transaction on Friday, February 22nd. The stock was sold at an average price of $62.39, for a total value of $2,136,670.33. Following the completion of the sale, the president now owns 121,388 shares of the company’s stock, valued at $7,573,397.32. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Douglas W. Thompson sold 6,000 shares of the firm’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $59.07, for a total value of $354,420.00. Following the completion of the sale, the chief operating officer now directly owns 45,530 shares of the company’s stock, valued at approximately $2,689,457.10. The disclosure for this sale can be found here. In the last ninety days, insiders sold 43,247 shares of company stock valued at $2,673,820. 5.89% of the stock is currently owned by insiders.

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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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