Algert Global LLC Sells 15,680 Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH)

Algert Global LLC cut its holdings in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 30.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 35,234 shares of the restaurant operator’s stock after selling 15,680 shares during the period. Algert Global LLC owned about 0.05% of Texas Roadhouse worth $6,222,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TXRH. LRI Investments LLC bought a new position in shares of Texas Roadhouse in the 1st quarter valued at $25,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Texas Roadhouse in the 2nd quarter valued at $25,000. Hollencrest Capital Management bought a new position in shares of Texas Roadhouse in the 2nd quarter valued at $25,000. McClarren Financial Advisors Inc. lifted its stake in shares of Texas Roadhouse by 4,175.0% in the 2nd quarter. McClarren Financial Advisors Inc. now owns 171 shares of the restaurant operator’s stock valued at $29,000 after acquiring an additional 167 shares during the last quarter. Finally, PSI Advisors LLC lifted its stake 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 last quarter. 94.82% of the stock is currently owned by institutional investors.

Insider Activity

In related news, 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 value of $119,352.60. Following the transaction, the director now owns 3,532 shares of the company’s stock, valued at approximately $691,071.12. This trade represents a 14.73 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CTO Hernan E. Mujica sold 1,500 shares of the firm’s stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $202.26, for a total transaction of $303,390.00. Following the completion of the transaction, the chief technology officer now directly owns 16,342 shares in the company, valued at approximately $3,305,332.92. The trade was a 8.41 % decrease in their position. The disclosure for this sale can be found here. 0.50% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

TXRH has been the subject of a number of research reports. Robert W. Baird increased their price target on Texas Roadhouse from $190.00 to $205.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. Bank of America increased their price target on Texas Roadhouse from $206.00 to $234.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. Morgan Stanley raised their target price on Texas Roadhouse from $200.00 to $205.00 and gave the stock an “equal weight” rating in a research report on Friday, October 25th. Guggenheim raised their target price on Texas Roadhouse from $190.00 to $195.00 and gave the stock a “buy” rating in a research report on Wednesday, September 25th. Finally, Evercore ISI raised their target price on Texas Roadhouse from $195.00 to $200.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 15th. Twelve equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $189.00.

Texas Roadhouse Price Performance

Shares of TXRH opened at $194.90 on Friday. The stock has a 50-day moving average of $183.50 and a 200-day moving average of $173.78. The company has a market cap of $13.00 billion, a PE ratio of 33.49, a P/E/G ratio of 1.64 and a beta of 0.98. Texas Roadhouse, Inc. has a one year low of $110.88 and a one year high of $203.32.

Texas Roadhouse (NASDAQ:TXRH) last issued its earnings results on Thursday, October 24th. The restaurant operator reported $1.26 EPS for the quarter, missing the consensus estimate of $1.32 by ($0.06). The firm 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 quarterly revenue was up 13.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.95 earnings per share. Analysts expect that Texas Roadhouse, Inc. will post 6.39 EPS for the current fiscal year.

Texas Roadhouse Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 10th will be paid a $0.61 dividend. The ex-dividend date of this dividend is Tuesday, December 10th. This represents a $2.44 annualized dividend and a dividend yield of 1.25%. Texas Roadhouse’s dividend payout ratio is presently 41.92%.

About Texas Roadhouse

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.