Tabor Asset Management LP Lowers Stake in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Tabor Asset Management LP cut its stake in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 51.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,741 shares of the restaurant operator's stock after selling 9,347 shares during the period. Tabor Asset Management LP's holdings in Texas Roadhouse were worth $1,544,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in TXRH. CWM LLC raised its position in Texas Roadhouse by 56.7% during the second quarter. CWM LLC now owns 6,922 shares of the restaurant operator's stock valued at $1,189,000 after purchasing an additional 2,505 shares during the period. Valeo Financial Advisors LLC grew its stake in shares of Texas Roadhouse by 20.1% during the second quarter. Valeo Financial Advisors LLC now owns 2,698 shares of the restaurant operator's stock valued at $463,000 after buying an additional 451 shares during the last quarter. SG Americas Securities LLC grew its stake in shares of Texas Roadhouse by 200.6% during the second quarter. SG Americas Securities LLC now owns 19,067 shares of the restaurant operator's stock valued at $3,274,000 after buying an additional 12,725 shares during the last quarter. Gateway Investment Advisers LLC bought a new position in shares of Texas Roadhouse during the second quarter valued at approximately $947,000. Finally, FCG Investment Co grew its stake in shares of Texas Roadhouse by 6.5% during the second quarter. FCG Investment Co now owns 5,789 shares of the restaurant operator's stock valued at $994,000 after buying an additional 351 shares during the last quarter. 94.82% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Donna E. Epps sold 610 shares of the company's stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $195.66, for a total value of $119,352.60. Following the completion of the sale, the director now owns 3,532 shares of the company's stock, valued at approximately $691,071.12. This represents a 14.73 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed 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 completion of 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 trade 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 insiders.

Texas Roadhouse Price Performance

NASDAQ TXRH traded up $1.44 during trading hours on Friday, reaching $197.75. The company's stock had a trading volume of 290,226 shares, compared to its average volume of 766,097. The firm has a market capitalization of $13.19 billion, a price-to-earnings ratio of 33.73, a P/E/G ratio of 1.67 and a beta of 0.98. Texas Roadhouse, Inc. has a 1-year low of $112.87 and a 1-year high of $206.04. The company's 50-day moving average is $188.87 and its two-hundred day moving average is $175.88.

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 for the quarter, missing analysts' consensus estimates of $1.32 by ($0.06). The business had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.27 billion. Texas Roadhouse had a return on equity of 31.33% and a net margin of 7.65%. The business's revenue for the quarter was up 13.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.95 EPS. Equities analysts forecast that Texas Roadhouse, Inc. will post 6.39 EPS for the current fiscal year.

Texas Roadhouse Dividend Announcement

The firm also recently declared 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. The ex-dividend date is Tuesday, December 10th. This represents a $2.44 dividend on an annualized basis and a yield of 1.23%. Texas Roadhouse's payout ratio is 41.92%.

Analyst Ratings Changes

A number of research firms have recently commented on TXRH. BMO Capital Markets upped their target price on Texas Roadhouse from $155.00 to $162.00 and gave the company a "market perform" rating in a research note on Friday, October 25th. Robert W. Baird increased their price objective on Texas Roadhouse from $190.00 to $205.00 and gave the stock an "outperform" rating in a research note on Friday, October 25th. Stifel Nicolaus increased their price objective on Texas Roadhouse from $180.00 to $195.00 and gave the stock a "hold" rating in a research note on Friday, October 25th. Barclays increased their price objective on Texas Roadhouse from $160.00 to $175.00 and gave the stock an "equal weight" rating in a research note on Friday, October 25th. Finally, UBS Group increased their price objective on Texas Roadhouse from $200.00 to $210.00 and gave the stock a "buy" rating in a research note on Friday, October 25th. Thirteen research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $190.09.

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.