Pathstone Holdings LLC Sells 196 Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH)

Pathstone Holdings LLC reduced its holdings in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 1.4% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 13,345 shares of the restaurant operator’s stock after selling 196 shares during the quarter. Pathstone Holdings LLC’s holdings in Texas Roadhouse were worth $2,357,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Marshall Wace LLP raised its stake in Texas Roadhouse by 128.9% in the second quarter. Marshall Wace LLP now owns 765,096 shares of the restaurant operator’s stock valued at $131,375,000 after purchasing an additional 430,814 shares in the last quarter. Fiera Capital Corp bought a new position in shares of Texas Roadhouse in the 3rd quarter worth $41,670,000. AQR Capital Management LLC raised its position in shares of Texas Roadhouse by 22.3% during the 2nd quarter. AQR Capital Management LLC now owns 909,847 shares of the restaurant operator’s stock valued at $156,230,000 after buying an additional 165,738 shares in the last quarter. Davidson Kempner Capital Management LP bought a new stake in shares of Texas Roadhouse during the 2nd quarter worth $21,462,000. Finally, Millennium Management LLC grew its position in Texas Roadhouse by 25.0% in the second quarter. Millennium Management LLC now owns 583,009 shares of the restaurant operator’s stock worth $100,108,000 after acquiring an additional 116,721 shares in the last quarter. Hedge funds and other institutional investors own 94.82% of the company’s stock.

Insiders Place Their Bets

In other Texas Roadhouse news, CTO Hernan E. Mujica sold 1,500 shares of the stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $202.26, for a total value of $303,390.00. Following the completion of the transaction, 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Donna E. Epps sold 610 shares of the business’s 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 sale, 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 company insiders.

Analysts Set New Price Targets

TXRH has been the topic of a number of research reports. UBS Group raised their price target on Texas Roadhouse from $200.00 to $210.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Barclays boosted their target price on Texas Roadhouse from $160.00 to $175.00 and gave the stock an “equal weight” rating in a research report on Friday, October 25th. Robert W. Baird increased their price target on shares of Texas Roadhouse from $190.00 to $205.00 and gave the company an “outperform” rating in a research report on Friday, October 25th. Stifel Nicolaus boosted their price objective on shares of Texas Roadhouse from $180.00 to $195.00 and gave the stock a “hold” rating in a report on Friday, October 25th. Finally, Wedbush upped their price objective on shares of Texas Roadhouse from $190.00 to $200.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. Twelve equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $189.00.

Texas Roadhouse Stock Performance

Shares of TXRH stock opened at $202.12 on Tuesday. Texas Roadhouse, Inc. has a fifty-two week low of $110.88 and a fifty-two week high of $203.32. The firm has a market cap of $13.48 billion, a P/E ratio of 34.73, a P/E/G ratio of 1.66 and a beta of 0.98. The business’s 50 day moving average price is $184.27 and its 200-day moving average price is $174.14.

Texas Roadhouse (NASDAQ:TXRH) last issued its quarterly earnings data on Thursday, October 24th. The restaurant operator reported $1.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.32 by ($0.06). Texas Roadhouse had a net margin of 7.65% and a return on equity of 31.33%. The company had revenue of $1.27 billion for the quarter, compared to analysts’ expectations of $1.27 billion. During the same period in the previous year, the firm posted $0.95 earnings per share. The firm’s revenue for the quarter was up 13.5% compared to the same quarter last year. As a group, equities analysts predict that Texas Roadhouse, Inc. will post 6.39 EPS for the current year.

Texas Roadhouse Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 10th will be paid a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a yield of 1.21%. The ex-dividend date is Tuesday, December 10th. Texas Roadhouse’s payout ratio is currently 41.92%.

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.