Janus Henderson Group PLC Reduces Stock Position in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Janus Henderson Group PLC cut its holdings in Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 6.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 45,969 shares of the restaurant operator's stock after selling 3,059 shares during the period. Janus Henderson Group PLC owned about 0.07% of Texas Roadhouse worth $8,117,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of TXRH. Marshall Wace LLP grew its holdings in shares of Texas Roadhouse by 128.9% in the second quarter. Marshall Wace LLP now owns 765,096 shares of the restaurant operator's stock valued at $131,375,000 after acquiring an additional 430,814 shares in the last quarter. FMR LLC grew its holdings in shares of Texas Roadhouse by 81.6% in the third quarter. FMR LLC now owns 898,522 shares of the restaurant operator's stock valued at $158,679,000 after acquiring an additional 403,720 shares in the last quarter. Erste Asset Management GmbH bought a new position in shares of Texas Roadhouse in the third quarter valued at approximately $66,609,000. Fiera Capital Corp bought a new position in shares of Texas Roadhouse in the third quarter valued at approximately $41,670,000. Finally, Bank of Montreal Can lifted its stake in Texas Roadhouse by 2,216.1% in the third quarter. Bank of Montreal Can now owns 176,280 shares of the restaurant operator's stock valued at $30,831,000 after purchasing an additional 168,669 shares during the last quarter. 94.82% of the stock is owned by institutional investors.

Texas Roadhouse Stock Performance

TXRH traded down $4.14 during trading on Monday, reaching $192.42. The stock had a trading volume of 595,001 shares, compared to its average volume of 766,632. The stock has a market cap of $12.84 billion, a PE ratio of 33.06, a PEG ratio of 1.67 and a beta of 0.98. Texas Roadhouse, Inc. has a one year low of $113.81 and a one year high of $206.04. The business has a 50-day moving average of $189.62 and a 200-day moving average of $176.38.

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

Texas Roadhouse Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 10th will be paid 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 1.27%. Texas Roadhouse's dividend payout ratio (DPR) is currently 41.92%.

Wall Street Analysts Forecast Growth

TXRH has been the topic of several research analyst reports. Loop Capital dropped their price objective on Texas Roadhouse from $215.00 to $209.00 and set a "buy" rating on the stock in a research note on Monday, October 28th. Stifel Nicolaus upped their price objective on Texas Roadhouse from $180.00 to $195.00 and gave the company a "hold" rating in a research note on Friday, October 25th. UBS Group upped their price objective on Texas Roadhouse from $200.00 to $210.00 and gave the company a "buy" rating in a research note on Friday, October 25th. Wedbush upped their price objective on Texas Roadhouse from $190.00 to $200.00 and gave the company an "outperform" rating in a research note on Friday, October 25th. Finally, Morgan Stanley upped their price objective on Texas Roadhouse from $200.00 to $205.00 and gave the company an "equal weight" rating in a research note on Friday, October 25th. Thirteen investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, Texas Roadhouse has an average rating of "Hold" and a consensus price target of $190.09.

Insider Activity

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

About Texas Roadhouse

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.