Texas Roadhouse, Inc. (NASDAQ:TXRH) Stock Position Decreased by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. decreased its stake in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 23.5% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 590,979 shares of the restaurant operator's stock after selling 181,863 shares during the period. Charles Schwab Investment Management Inc. owned 0.89% of Texas Roadhouse worth $104,367,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Texas Roadhouse in the 2nd quarter valued at about $25,000. Hollencrest Capital Management purchased a new stake in Texas Roadhouse during the second quarter worth approximately $25,000. McClarren Financial Advisors Inc. increased its position in shares of Texas Roadhouse by 4,175.0% in the second quarter. McClarren Financial Advisors Inc. now owns 171 shares of the restaurant operator's stock worth $29,000 after acquiring an additional 167 shares in the last quarter. PSI Advisors LLC raised its stake in shares of Texas Roadhouse by 70.8% in the 3rd quarter. PSI Advisors LLC now owns 181 shares of the restaurant operator's stock valued at $32,000 after acquiring an additional 75 shares during the period. Finally, UMB Bank n.a. lifted its holdings in shares of Texas Roadhouse by 118.6% during the 3rd quarter. UMB Bank n.a. now owns 258 shares of the restaurant operator's stock valued at $46,000 after acquiring an additional 140 shares in the last quarter. Hedge funds and other institutional investors own 94.82% of the company's stock.

Texas Roadhouse Stock Performance

TXRH traded up $0.89 during trading on Wednesday, reaching $205.60. The company had a trading volume of 23,932 shares, compared to its average volume of 765,891. Texas Roadhouse, Inc. has a 12-month low of $110.88 and a 12-month high of $205.85. The company has a market cap of $13.72 billion, a price-to-earnings ratio of 35.17, a PEG ratio of 1.72 and a beta of 0.98. The firm's 50-day simple moving average is $185.06 and its 200 day simple moving average is $174.40.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last released its quarterly earnings results on Thursday, October 24th. The restaurant operator reported $1.26 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.32 by ($0.06). Texas Roadhouse had a net margin of 7.65% and a return on equity of 31.33%. The firm had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.27 billion. During the same quarter in the prior year, the firm earned $0.95 EPS. The firm's revenue was up 13.5% compared to the same quarter last year. On average, sell-side analysts expect that Texas Roadhouse, Inc. will post 6.39 EPS for the current year.

Texas Roadhouse Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 10th will be issued a dividend of $0.61 per share. The ex-dividend date is Tuesday, December 10th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.19%. Texas Roadhouse's dividend payout ratio is 41.92%.

Insider Activity at Texas Roadhouse

In related news, Director Donna E. Epps sold 610 shares of the business's stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $195.66, for a total transaction of $119,352.60. Following the transaction, the director now directly owns 3,532 shares of the company's stock, valued at approximately $691,071.12. The trade was a 14.73 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CTO Hernan E. Mujica sold 1,500 shares of the company's stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $202.26, for a total transaction of $303,390.00. Following the completion of the transaction, the chief technology officer now owns 16,342 shares in the company, valued at approximately $3,305,332.92. This represents a 8.41 % decrease in their position. The disclosure for this sale can be found here. 0.50% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. Royal Bank of Canada increased their target price on Texas Roadhouse from $175.00 to $185.00 and gave the company a "sector perform" rating in a research note on Friday, October 25th. Wedbush lifted their price objective on shares of Texas Roadhouse from $190.00 to $200.00 and gave the company an "outperform" rating in a research note on Friday, October 25th. Bank of America upped their target price on shares of Texas Roadhouse from $206.00 to $234.00 and gave the company a "buy" rating in a research note on Tuesday, October 22nd. Stifel Nicolaus lifted their price target on shares of Texas Roadhouse from $180.00 to $195.00 and gave the stock a "hold" rating in a research note on Friday, October 25th. Finally, BMO Capital Markets upped their price objective on shares of Texas Roadhouse from $155.00 to $162.00 and gave the company a "market perform" rating in a research report on Friday, October 25th. Twelve equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $189.00.

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.