Capstone Investment Advisors LLC Decreases Stock Position in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Capstone Investment Advisors LLC trimmed its position in Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 44.6% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,218 shares of the restaurant operator's stock after selling 2,593 shares during the period. Capstone Investment Advisors LLC's holdings in Texas Roadhouse were worth $568,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in TXRH. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Texas Roadhouse in the 2nd quarter worth approximately $25,000. Hollencrest Capital Management bought a new stake in Texas Roadhouse during the 2nd quarter valued at $25,000. McClarren Financial Advisors Inc. raised its holdings in Texas Roadhouse by 4,175.0% during the 2nd quarter. McClarren Financial Advisors Inc. now owns 171 shares of the restaurant operator's stock valued at $29,000 after acquiring an additional 167 shares during the period. PSI Advisors LLC increased its holdings 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 worth $32,000 after purchasing an additional 75 shares during the period. Finally, UMB Bank n.a. increased its holdings 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 worth $46,000 after purchasing an additional 140 shares during the period. 94.82% of the stock is owned by institutional investors.

Texas Roadhouse Stock Performance

Shares of TXRH traded up $1.91 on Friday, hitting $205.27. 398,650 shares of the stock traded hands, compared to its average volume of 767,214. Texas Roadhouse, Inc. has a one year low of $110.88 and a one year high of $206.04. The business has a 50 day simple moving average of $187.19 and a 200 day simple moving average of $175.08. The company has a market capitalization of $13.69 billion, a PE ratio of 35.27, a P/E/G ratio of 1.73 and a beta of 0.98.

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 (EPS) for the quarter, missing the consensus estimate of $1.32 by ($0.06). Texas Roadhouse had a return on equity of 31.33% and a net margin of 7.65%. The company had revenue of $1.27 billion during the quarter, compared to analysts' expectations of $1.27 billion. During the same quarter in the prior year, the business posted $0.95 EPS. The company's revenue for the quarter was up 13.5% compared to the same quarter last year. On average, equities analysts expect that Texas Roadhouse, Inc. will post 6.39 earnings per share for the current year.

Texas Roadhouse Announces Dividend

The business also recently announced 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 1.19%. The ex-dividend date of this dividend is Tuesday, December 10th. Texas Roadhouse's dividend payout ratio is currently 41.92%.

Insider Buying and Selling

In related news, 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 transaction, the chief technology officer now owns 16,342 shares in the company, valued at approximately $3,305,332.92. The trade was a 8.41 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Donna E. Epps sold 610 shares of Texas Roadhouse stock in a transaction on Monday, November 11th. The shares were sold at an average price of $195.66, for a total transaction of $119,352.60. Following the transaction, the director now owns 3,532 shares in the company, valued at approximately $691,071.12. This trade represents a 14.73 % decrease in their position. The disclosure for this sale can be found here. 0.50% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts recently commented on TXRH shares. Evercore ISI increased their target price on Texas Roadhouse from $195.00 to $200.00 and gave the company an "outperform" rating in a research note on Tuesday, October 15th. Bank of America upped their price target on shares of Texas Roadhouse from $206.00 to $234.00 and gave the company a "buy" rating in a research report on Tuesday, October 22nd. Morgan Stanley increased their target price on shares of Texas Roadhouse from $200.00 to $205.00 and gave the stock an "equal weight" rating in a report on Friday, October 25th. Loop Capital dropped their target price on shares of Texas Roadhouse from $215.00 to $209.00 and set a "buy" rating for the company in a report on Monday, October 28th. Finally, Stifel Nicolaus increased their price target on shares of Texas Roadhouse from $180.00 to $195.00 and gave the stock a "hold" rating in a research note on Friday, October 25th. Twelve analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $189.00.

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.