Texas Roadhouse Inc (TXRH) Position Trimmed by LPL Financial LLC

LPL Financial LLC reduced its position in Texas Roadhouse Inc (NASDAQ:TXRH) by 9.8% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 8,245 shares of the restaurant operator’s stock after selling 895 shares during the period. LPL Financial LLC’s holdings in Texas Roadhouse were worth $434,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. BlackRock Inc. raised its holdings in Texas Roadhouse by 3.9% in the 4th quarter. BlackRock Inc. now owns 7,022,082 shares of the restaurant operator’s stock worth $369,923,000 after acquiring an additional 265,122 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in Texas Roadhouse by 0.9% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,666,230 shares of the restaurant operator’s stock worth $81,879,000 after acquiring an additional 14,545 shares during the last quarter. Congress Asset Management Co. MA raised its holdings in Texas Roadhouse by 2.9% in the 4th quarter. Congress Asset Management Co. MA now owns 1,574,225 shares of the restaurant operator’s stock worth $82,930,000 after acquiring an additional 44,480 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in Texas Roadhouse by 1.2% in the 4th quarter. Bank of New York Mellon Corp now owns 1,152,307 shares of the restaurant operator’s stock worth $60,703,000 after acquiring an additional 13,764 shares during the last quarter. Finally, Eaton Vance Management raised its holdings in Texas Roadhouse by 50.3% in the 4th quarter. Eaton Vance Management now owns 591,142 shares of the restaurant operator’s stock worth $31,141,000 after acquiring an additional 197,951 shares during the last quarter. Institutional investors own 87.64% of the company’s stock.

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Shares of TXRH opened at $62.87 on Friday. The firm has a market cap of $4,476.13, a price-to-earnings ratio of 31.91, a P/E/G ratio of 2.10 and a beta of 0.59. The company has a quick ratio of 0.73, a current ratio of 0.78 and a debt-to-equity ratio of 0.06. Texas Roadhouse Inc has a 1-year low of $44.29 and a 1-year high of $63.80.

Texas Roadhouse (NASDAQ:TXRH) last announced its earnings results on Tuesday, February 20th. The restaurant operator reported $0.40 earnings per share for the quarter, beating analysts’ consensus estimates of $0.37 by $0.03. The business had revenue of $545.10 million during the quarter, compared to analyst estimates of $545.24 million. Texas Roadhouse had a net margin of 5.93% and a return on equity of 17.20%. The company’s quarterly revenue was up 12.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.29 EPS. sell-side analysts expect that Texas Roadhouse Inc will post 2.36 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 29th. Stockholders of record on Wednesday, March 14th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.59%. This is a positive change from Texas Roadhouse’s previous quarterly dividend of $0.21. The ex-dividend date was Tuesday, March 13th. Texas Roadhouse’s dividend payout ratio is 50.76%.

A number of equities analysts recently weighed in on the stock. Stifel Nicolaus boosted their price objective on shares of Texas Roadhouse from $62.00 to $68.00 and gave the stock a “buy” rating in a report on Wednesday. Morgan Stanley restated an “equal weight” rating and issued a $55.00 price objective (down from $57.00) on shares of Texas Roadhouse in a report on Wednesday, February 21st. BTIG Research boosted their price objective on shares of Texas Roadhouse to $67.00 and gave the stock a “reduce” rating in a report on Tuesday, January 16th. Wedbush restated a “buy” rating and issued a $64.00 price objective on shares of Texas Roadhouse in a report on Thursday, April 5th. Finally, Royal Bank of Canada restated a “hold” rating and issued a $58.00 price objective on shares of Texas Roadhouse in a report on Friday, February 23rd. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and eleven have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $59.43.

In other news, Director James R. Zarley sold 10,900 shares of the company’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $56.82, for a total value of $619,338.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider S. Chris Jacobsen sold 1,500 shares of the company’s stock in a transaction on Monday, January 29th. The stock was sold at an average price of $60.00, for a total value of $90,000.00. Following the completion of the sale, the insider now owns 16,899 shares of the company’s stock, valued at $1,013,940. The disclosure for this sale can be found here. Insiders sold a total of 32,178 shares of company stock valued at $1,852,664 over the last 90 days. 5.89% of the stock is currently owned by company insiders.

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About Texas Roadhouse

Texas Roadhouse, Inc is a restaurant company, which operates in the casual dining segment. The Company offers an assortment of seasoned and aged steaks, all cooked over open grills and all but one hand cut daily on the premises. Its restaurants offer a range of menu items at prices that are designed to appeal to a range of consumer tastes.

Institutional Ownership by Quarter for Texas Roadhouse (NASDAQ:TXRH)

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