Texas Roadhouse, Inc. (NASDAQ:TXRH) Shares Sold by Stifel Financial Corp

Stifel Financial Corp decreased its position in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 3.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,434 shares of the restaurant operator’s stock after selling 465 shares during the quarter. Stifel Financial Corp’s holdings in Texas Roadhouse were worth $1,128,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in TXRH. First Trust Advisors LP lifted its holdings in shares of Texas Roadhouse by 27.7% in the first quarter. First Trust Advisors LP now owns 63,746 shares of the restaurant operator’s stock valued at $3,964,000 after buying an additional 13,833 shares during the period. Federated Hermes Inc. lifted its holdings in shares of Texas Roadhouse by 12.3% during the third quarter. Federated Hermes Inc. now owns 13,853 shares of the restaurant operator’s stock valued at $842,000 after purchasing an additional 1,520 shares during the last quarter. UBS Asset Management Americas Inc. lifted its holdings in shares of Texas Roadhouse by 7.6% during the third quarter. UBS Asset Management Americas Inc. now owns 73,824 shares of the restaurant operator’s stock valued at $4,488,000 after purchasing an additional 5,215 shares during the last quarter. Truist Financial Corp lifted its holdings in shares of Texas Roadhouse by 1.0% during the third quarter. Truist Financial Corp now owns 53,757 shares of the restaurant operator’s stock valued at $3,268,000 after purchasing an additional 554 shares during the last quarter. Finally, ExodusPoint Capital Management LP purchased a new stake in shares of Texas Roadhouse during the third quarter valued at $624,000. Institutional investors and hedge funds own 91.73% of the company’s stock.

In related news, CFO Tonya Robinson sold 12,454 shares of the stock in a transaction that occurred on Monday, January 11th. The stock was sold at an average price of $80.03, for a total transaction of $996,693.62. Following the completion of the sale, the chief financial officer now owns 31,476 shares in the company, valued at approximately $2,519,024.28. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Wayne Kent Taylor sold 70,000 shares of the stock in a transaction that occurred on Monday, March 15th. The shares were sold at an average price of $98.40, for a total value of $6,888,000.00. Following the sale, the chief executive officer now owns 3,036,295 shares of the company’s stock, valued at approximately $298,771,428. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 126,525 shares of company stock valued at $11,784,340. 6.16% of the stock is owned by corporate insiders.

Several brokerages have recently commented on TXRH. Zacks Investment Research raised Texas Roadhouse from a “sell” rating to a “hold” rating in a report on Wednesday, March 24th. Truist began coverage on Texas Roadhouse in a report on Tuesday, January 5th. They set a “buy” rating and a $93.00 target price for the company. The Goldman Sachs Group began coverage on Texas Roadhouse in a research report on Tuesday, January 19th. They set a “neutral” rating and a $79.00 price target on the stock. Wedbush upped their price target on Texas Roadhouse from $89.00 to $100.00 and gave the company an “outperform” rating in a research report on Tuesday, February 9th. Finally, Morgan Stanley upped their price target on Texas Roadhouse from $87.00 to $90.00 and gave the company an “equal weight” rating in a research report on Thursday, April 1st. One equities research analyst has rated the stock with a sell rating, sixteen have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. Texas Roadhouse has a consensus rating of “Hold” and an average price target of $79.71.

TXRH opened at $98.55 on Thursday. The company has a market cap of $6.86 billion, a PE ratio of 126.35, a price-to-earnings-growth ratio of 3.10 and a beta of 1.00. The stock has a 50-day moving average of $93.80 and a 200-day moving average of $80.02. Texas Roadhouse, Inc. has a 52-week low of $39.82 and a 52-week high of $100.77. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.96 and a current ratio of 1.01.

Texas Roadhouse (NASDAQ:TXRH) last released its quarterly earnings results on Thursday, February 18th. The restaurant operator reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.49 by ($0.21). The company had revenue of $637.99 million for the quarter, compared to the consensus estimate of $678.05 million. Texas Roadhouse had a return on equity of 5.97% and a net margin of 2.19%. On average, research analysts predict that Texas Roadhouse, Inc. will post 0.68 earnings per share for the current year.

About Texas Roadhouse

Texas Roadhouse, Inc, together with its subsidiaries, operates casual dining restaurants in the United States and internationally. The company operates and franchises Texas Roadhouse and Bubba's 33 restaurants. As of December 29, 2020, it operated 537 domestic restaurants and 97 franchise restaurants.

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

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