Hodges Capital Management Inc. Decreases Position in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Hodges Capital Management Inc. reduced its stake in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 33.0% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 40,721 shares of the restaurant operator's stock after selling 20,041 shares during the quarter. Hodges Capital Management Inc. owned approximately 0.06% of Texas Roadhouse worth $6,290,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Operose Advisors LLC bought a new stake in shares of Texas Roadhouse during the 3rd quarter valued at $28,000. Rise Advisors LLC bought a new stake in shares of Texas Roadhouse during the 1st quarter valued at $32,000. TFC Financial Management Inc. boosted its holdings in shares of Texas Roadhouse by 100.0% during the 4th quarter. TFC Financial Management Inc. now owns 580 shares of the restaurant operator's stock valued at $71,000 after buying an additional 290 shares in the last quarter. Benjamin F. Edwards & Company Inc. bought a new stake in shares of Texas Roadhouse during the 4th quarter valued at $81,000. Finally, GAMMA Investing LLC bought a new stake in shares of Texas Roadhouse during the 4th quarter valued at $88,000. 94.82% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently commented on the stock. Robert W. Baird boosted their target price on shares of Texas Roadhouse from $178.00 to $182.00 and gave the company an "outperform" rating in a report on Friday, May 3rd. Wedbush upped their price target on shares of Texas Roadhouse from $170.00 to $180.00 and gave the stock an "outperform" rating in a research note on Friday, May 3rd. Barclays upped their target price on shares of Texas Roadhouse from $138.00 to $160.00 and gave the company an "equal weight" rating in a research note on Friday, May 3rd. BMO Capital Markets upped their target price on shares of Texas Roadhouse from $130.00 to $145.00 and gave the company a "market perform" rating in a research note on Friday, May 3rd. Finally, Benchmark started coverage on shares of Texas Roadhouse in a research note on Wednesday, April 10th. They set a "hold" rating on the stock. Thirteen investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $157.77.

Texas Roadhouse Trading Down 1.4 %

Texas Roadhouse stock traded down $2.36 during midday trading on Friday, hitting $171.71. The stock had a trading volume of 1,552,252 shares, compared to its average volume of 757,581. Texas Roadhouse, Inc. has a 52-week low of $91.06 and a 52-week high of $175.72. The firm's fifty day moving average is $167.10 and its two-hundred day moving average is $147.33. The company has a market capitalization of $11.47 billion, a PE ratio of 34.76, a P/E/G ratio of 1.69 and a beta of 1.00.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last announced its quarterly earnings data on Thursday, May 2nd. The restaurant operator reported $1.69 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.65 by $0.04. Texas Roadhouse had a net margin of 6.94% and a return on equity of 28.85%. The business had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.32 billion. During the same period last year, the firm posted $1.28 EPS. The company's revenue was up 12.5% on a year-over-year basis. As a group, equities research analysts predict that Texas Roadhouse, Inc. will post 6.02 earnings per share for the current fiscal year.

Texas Roadhouse Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 25th. Stockholders of record on Wednesday, June 12th were given a dividend of $0.61 per share. The ex-dividend date was Wednesday, June 12th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.42%. Texas Roadhouse's dividend payout ratio is currently 49.39%.

Insider Activity

In other news, CEO Gerald L. Morgan sold 15,000 shares of the stock in a transaction that occurred on Tuesday, May 28th. The stock was sold at an average price of $171.70, for a total transaction of $2,575,500.00. Following the completion of the transaction, the chief executive officer now directly owns 77,847 shares in the company, valued at approximately $13,366,329.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CTO Hernan E. Mujica sold 3,000 shares of the firm's stock in a transaction on Monday, May 20th. The stock was sold at an average price of $168.60, for a total value of $505,800.00. Following the completion of the sale, the chief technology officer now directly owns 17,842 shares in the company, valued at $3,008,161.20. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Gerald L. Morgan sold 15,000 shares of the firm's stock in a transaction on Tuesday, May 28th. The stock was sold at an average price of $171.70, for a total value of $2,575,500.00. Following the completion of the sale, the chief executive officer now owns 77,847 shares of the company's stock, valued at $13,366,329.90. The disclosure for this sale can be found here. In the last ninety days, insiders sold 19,025 shares of company stock worth $3,251,266. 0.50% of the stock is currently owned by insiders.

Texas Roadhouse Company 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.