JPMorgan Chase & Co. Sells 265,755 Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH)

JPMorgan Chase & Co. lowered its position in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 31.9% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 566,568 shares of the restaurant operator's stock after selling 265,755 shares during the quarter. JPMorgan Chase & Co. owned about 0.85% of Texas Roadhouse worth $100,056,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of TXRH. Hollencrest Capital Management bought a new position in Texas Roadhouse during the second quarter worth about $25,000. True Wealth Design LLC acquired a new stake in shares of Texas Roadhouse in the third quarter valued at approximately $30,000. PSI Advisors LLC raised its position in shares of Texas Roadhouse by 70.8% in the third quarter. PSI Advisors LLC now owns 181 shares of the restaurant operator's stock valued at $32,000 after buying an additional 75 shares in the last quarter. UMB Bank n.a. boosted its stake in shares of Texas Roadhouse by 118.6% in the third quarter. UMB Bank n.a. now owns 258 shares of the restaurant operator's stock valued at $46,000 after buying an additional 140 shares during the period. Finally, Ashton Thomas Private Wealth LLC acquired a new stake in Texas Roadhouse during the second quarter worth approximately $47,000. Institutional investors own 94.82% of the company's stock.

Texas Roadhouse Price Performance

Shares of Texas Roadhouse stock traded up $1.74 during trading on Friday, hitting $182.94. The company's stock had a trading volume of 482,084 shares, compared to its average volume of 632,892. The stock has a market cap of $12.20 billion, a price-to-earnings ratio of 31.43, a price-to-earnings-growth ratio of 1.59 and a beta of 1.01. Texas Roadhouse, Inc. has a 52 week low of $115.48 and a 52 week high of $206.04. The stock has a 50-day moving average price of $191.47 and a two-hundred day moving average price of $178.12.

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

Texas Roadhouse Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 10th were paid a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.33%. The ex-dividend date of this dividend was Tuesday, December 10th. Texas Roadhouse's dividend payout ratio is currently 41.92%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. The Goldman Sachs Group assumed coverage on Texas Roadhouse in a research report on Thursday, December 5th. They set a "neutral" rating and a $213.00 target price for the company. BMO Capital Markets upped their price objective on shares of Texas Roadhouse from $155.00 to $162.00 and gave the stock a "market perform" rating in a research report on Friday, October 25th. Royal Bank of Canada raised their target price on shares of Texas Roadhouse from $175.00 to $185.00 and gave the company a "sector perform" rating in a report on Friday, October 25th. Stifel Nicolaus upped their price target on shares of Texas Roadhouse from $180.00 to $195.00 and gave the stock a "hold" rating in a report on Friday, October 25th. Finally, Morgan Stanley increased their price target on shares of Texas Roadhouse from $200.00 to $205.00 and gave the stock an "equal weight" rating in a research report on Friday, October 25th. Thirteen research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to MarketBeat, Texas Roadhouse presently has an average rating of "Hold" and a consensus target price of $190.09.

Insider Transactions at Texas Roadhouse

In other Texas Roadhouse news, Director Donna E. Epps sold 610 shares of the stock in a transaction that occurred on Monday, November 11th. The stock was 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 in the company, valued at approximately $691,071.12. This represents a 14.73 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CTO Hernan E. Mujica sold 1,500 shares of Texas Roadhouse stock in a transaction 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 sale, the chief technology officer now owns 16,342 shares of the company's stock, valued at $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 currently owned by corporate insiders.

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.