Texas Roadhouse, Inc. (NASDAQ:TXRH) Stake Trimmed by Principal Financial Group Inc.

Principal Financial Group Inc. decreased its stake in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 30.2% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 155,853 shares of the restaurant operator's stock after selling 67,405 shares during the period. Principal Financial Group Inc. owned 0.23% of Texas Roadhouse worth $27,524,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in TXRH. Kingsview Wealth Management LLC boosted its stake in shares of Texas Roadhouse by 3.1% during the 3rd quarter. Kingsview Wealth Management LLC now owns 1,771 shares of the restaurant operator's stock worth $313,000 after purchasing an additional 54 shares during the last quarter. CIBC Asset Management Inc raised its holdings in Texas Roadhouse by 3.3% in the 3rd quarter. CIBC Asset Management Inc now owns 1,952 shares of the restaurant operator's stock valued at $345,000 after acquiring an additional 62 shares during the last quarter. Insight Wealth Partners LLC lifted its stake in shares of Texas Roadhouse by 3.9% during the 3rd quarter. Insight Wealth Partners LLC now owns 1,818 shares of the restaurant operator's stock worth $321,000 after purchasing an additional 68 shares during the period. PSI Advisors LLC grew 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 purchasing an additional 75 shares during the period. Finally, Angeles Wealth Management LLC increased its stake in Texas Roadhouse by 5.4% in the third quarter. Angeles Wealth Management LLC now owns 1,469 shares of the restaurant operator's stock valued at $259,000 after purchasing an additional 75 shares during the last quarter. 94.82% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have commented on the company. UBS Group lifted their price target on Texas Roadhouse from $200.00 to $210.00 and gave the company a "buy" rating in a report on Friday, October 25th. Barclays lifted their price target on shares of Texas Roadhouse from $160.00 to $175.00 and gave the company an "equal weight" rating in a report on Friday, October 25th. The Goldman Sachs Group assumed coverage on Texas Roadhouse in a research report on Thursday, December 5th. They issued a "neutral" rating and a $213.00 target price on the stock. Guggenheim upped their price target on Texas Roadhouse from $190.00 to $195.00 and gave the stock a "buy" rating in a research note on Wednesday, September 25th. Finally, Robert W. Baird lifted their price objective on Texas Roadhouse from $190.00 to $205.00 and gave the company an "outperform" rating in a research note on Friday, October 25th. Thirteen equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $190.09.

Texas Roadhouse Stock Up 1.2 %

Shares of Texas Roadhouse stock traded up $2.16 on Wednesday, hitting $182.58. 242,738 shares of the company's stock traded hands, compared to its average volume of 761,701. Texas Roadhouse, Inc. has a 52-week low of $115.48 and a 52-week high of $206.04. The stock has a market cap of $12.18 billion, a P/E ratio of 31.37, a PEG ratio of 1.59 and a beta of 0.98. The firm's 50-day moving average is $191.57 and its 200 day moving average is $177.60.

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

Texas Roadhouse Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 10th will be issued a $0.61 dividend. This represents a $2.44 annualized dividend and a yield of 1.34%. The ex-dividend date is Tuesday, December 10th. Texas Roadhouse's payout ratio is currently 41.92%.

Insider Activity at Texas Roadhouse

In other news, Director Donna E. Epps sold 610 shares of Texas Roadhouse stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $195.66, for a total value of $119,352.60. Following the transaction, the director now owns 3,532 shares of the company's stock, valued at $691,071.12. The trade was a 14.73 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CTO Hernan E. Mujica sold 1,500 shares of the 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 sale, the chief technology officer now directly 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. 0.50% of the stock is currently owned by 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.