American International Group Inc. Lowers Holdings in Texas Roadhouse, Inc. (NASDAQ:TXRH)

American International Group Inc. lowered its holdings in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 4.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 90,791 shares of the restaurant operator’s stock after selling 3,850 shares during the quarter. American International Group Inc. owned approximately 0.14% of Texas Roadhouse worth $11,097,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wellington Management Group LLP grew its position in shares of Texas Roadhouse by 1.7% during the third quarter. Wellington Management Group LLP now owns 1,807,430 shares of the restaurant operator’s stock valued at $173,694,000 after purchasing an additional 29,506 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in Texas Roadhouse by 0.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,611,543 shares of the restaurant operator’s stock valued at $154,869,000 after buying an additional 8,392 shares in the last quarter. Invesco Ltd. increased its stake in Texas Roadhouse by 40.7% in the 3rd quarter. Invesco Ltd. now owns 1,281,296 shares of the restaurant operator’s stock worth $123,133,000 after acquiring an additional 370,627 shares during the last quarter. Geneva Capital Management LLC increased its stake in Texas Roadhouse by 7.9% in the 4th quarter. Geneva Capital Management LLC now owns 948,219 shares of the restaurant operator’s stock worth $115,901,000 after acquiring an additional 69,536 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Texas Roadhouse by 3.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 833,790 shares of the restaurant operator’s stock worth $101,916,000 after acquiring an additional 31,079 shares in the last quarter. Institutional investors own 94.82% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on TXRH shares. Stephens boosted their price target on shares of Texas Roadhouse from $150.00 to $164.00 and gave the stock an “equal weight” rating in a research report on Friday, May 3rd. BTIG Research upped their target price on shares of Texas Roadhouse from $155.00 to $175.00 and gave the company a “buy” rating in a research report on Friday, May 3rd. Wells Fargo & Company boosted their price objective on Texas Roadhouse from $140.00 to $165.00 and gave the stock an “equal weight” rating in a research note on Friday, May 3rd. Evercore ISI raised their price objective on Texas Roadhouse from $160.00 to $175.00 and gave the company an “outperform” rating in a research note on Friday, May 3rd. Finally, Benchmark assumed coverage on Texas Roadhouse in a research report on Wednesday, April 10th. They set a “hold” rating on the stock. Thirteen research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $157.77.

Texas Roadhouse Trading Up 2.5 %

Shares of TXRH stock opened at $171.62 on Tuesday. The stock has a market capitalization of $11.46 billion, a price-to-earnings ratio of 34.74, a P/E/G ratio of 1.63 and a beta of 1.00. Texas Roadhouse, Inc. has a twelve month low of $91.06 and a twelve month high of $174.05. The stock has a fifty day simple moving average of $163.23 and a two-hundred day simple moving average of $143.96.

Texas Roadhouse (NASDAQ:TXRH) last issued its earnings results on Thursday, May 2nd. The restaurant operator reported $1.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.65 by $0.04. Texas Roadhouse had a net margin of 6.94% and a return on equity of 28.85%. The company had revenue of $1.32 billion for the quarter, compared to analysts’ expectations of $1.32 billion. During the same period in the prior year, the business earned $1.28 EPS. The firm’s quarterly revenue was up 12.5% on a year-over-year basis. Research analysts predict that Texas Roadhouse, Inc. will post 6.02 EPS for the current fiscal year.

Texas Roadhouse Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 25th. Investors of record on Wednesday, June 12th will be paid a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a yield of 1.42%. The ex-dividend date is Wednesday, June 12th. Texas Roadhouse’s dividend payout ratio (DPR) is 49.39%.

Insider Buying and Selling

In other news, CEO Gerald L. Morgan sold 15,000 shares of Texas Roadhouse stock in a transaction on Tuesday, May 28th. The stock was sold at an average price of $171.70, for a total value of $2,575,500.00. Following the transaction, the chief executive officer now directly owns 77,847 shares in the company, valued at approximately $13,366,329.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CEO Gerald L. Morgan sold 15,000 shares of the firm’s stock in a transaction dated Tuesday, May 28th. The stock was sold at an average price of $171.70, for a total transaction of $2,575,500.00. Following the sale, the chief executive officer now owns 77,847 shares of the company’s stock, valued at $13,366,329.90. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CTO Hernan E. Mujica sold 3,000 shares of the business’s stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $168.60, for a total transaction of $505,800.00. Following the completion of the transaction, the chief technology officer now owns 17,842 shares of the company’s stock, valued at $3,008,161.20. The disclosure for this sale can be found here. Insiders sold 19,025 shares of company stock valued at $3,251,266 over the last 90 days. Corporate insiders own 0.50% of the company’s stock.

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.