Royce & Associates LP Has $2.83 Million Stock Position in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Royce & Associates LP decreased its stake in Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 25.6% in the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 16,000 shares of the restaurant operator's stock after selling 5,500 shares during the quarter. Royce & Associates LP's holdings in Texas Roadhouse were worth $2,826,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Texas Roadhouse during the second quarter valued at $25,000. Hollencrest Capital Management purchased a new position in Texas Roadhouse during the 2nd quarter worth $25,000. LRI Investments LLC acquired a new position in shares of Texas Roadhouse during the first quarter valued at about $25,000. McClarren Financial Advisors Inc. increased its stake 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 purchasing an additional 167 shares in the last quarter. Finally, PSI Advisors LLC increased its position in shares of Texas Roadhouse by 70.8% in the 3rd quarter. PSI Advisors LLC now owns 181 shares of the restaurant operator's stock valued at $32,000 after acquiring an additional 75 shares during the period. Hedge funds and other institutional investors own 94.82% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have commented on TXRH. UBS Group upped their price target on shares of Texas Roadhouse from $200.00 to $210.00 and gave the company a "buy" rating in a report on Friday, October 25th. Stephens upped their target price on shares of Texas Roadhouse from $170.00 to $176.00 and gave the stock an "equal weight" rating in a report on Monday, July 29th. Wells Fargo & Company lifted their price target on Texas Roadhouse from $165.00 to $175.00 and gave the stock an "equal weight" rating in a report on Friday, July 26th. Morgan Stanley upped their price target on Texas Roadhouse from $200.00 to $205.00 and gave the company an "equal weight" rating in a research note on Friday, October 25th. Finally, Wedbush upped their price target on Texas Roadhouse from $190.00 to $200.00 and gave the stock an "outperform" rating in a research note on Friday, October 25th. Twelve analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $189.00.

Texas Roadhouse Stock Down 1.1 %

Texas Roadhouse stock traded down $2.15 during mid-day trading on Tuesday, hitting $193.62. 486,305 shares of the company were exchanged, compared to its average volume of 770,633. Texas Roadhouse, Inc. has a 1-year low of $109.13 and a 1-year high of $203.32. The company has a market capitalization of $12.92 billion, a PE ratio of 33.27, a price-to-earnings-growth ratio of 1.69 and a beta of 0.98. The business has a fifty day moving average of $180.97 and a 200 day moving average of $173.10.

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 analysts' consensus estimates of $1.32 by ($0.06). The company had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.27 billion. Texas Roadhouse had a net margin of 7.65% and a return on equity of 31.33%. The business's revenue for the quarter was up 13.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.95 EPS. Research analysts expect that Texas Roadhouse, Inc. will post 6.39 earnings per share for the current year.

Texas Roadhouse Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 10th will be given a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date is Tuesday, December 10th. Texas Roadhouse's dividend payout ratio is currently 41.92%.

Insider Activity

In related news, CTO Hernan E. Mujica sold 1,500 shares of the company's stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $202.26, for a total transaction of $303,390.00. Following the sale, the chief technology officer now owns 16,342 shares in the company, valued at approximately $3,305,332.92. This represents a 8.41 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Donna E. Epps sold 610 shares of the firm's stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $195.66, for a total transaction of $119,352.60. Following the completion of the sale, the director now owns 3,532 shares of the company's stock, valued at $691,071.12. This trade represents a 14.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.50% of the company's stock.

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.