Charles Schwab Investment Management Inc. Sells 181,863 Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH)

Charles Schwab Investment Management Inc. reduced its position in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 23.5% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 590,979 shares of the restaurant operator’s stock after selling 181,863 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.89% of Texas Roadhouse worth $104,367,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Advisors Asset Management Inc. grew its stake in shares of Texas Roadhouse by 4.8% in the first quarter. Advisors Asset Management Inc. now owns 2,679 shares of the restaurant operator’s stock worth $414,000 after acquiring an additional 122 shares during the period. Janus Henderson Group PLC grew its stake in shares of Texas Roadhouse by 56.3% in the first quarter. Janus Henderson Group PLC now owns 49,869 shares of the restaurant operator’s stock worth $7,702,000 after acquiring an additional 17,973 shares during the period. Virtu Financial LLC grew its stake in shares of Texas Roadhouse by 376.4% in the first quarter. Virtu Financial LLC now owns 8,061 shares of the restaurant operator’s stock worth $1,245,000 after acquiring an additional 6,369 shares during the period. Burney Co. grew its stake in shares of Texas Roadhouse by 8.9% in the first quarter. Burney Co. now owns 10,691 shares of the restaurant operator’s stock worth $1,651,000 after acquiring an additional 878 shares during the period. Finally, GAMMA Investing LLC grew its stake in shares of Texas Roadhouse by 36.8% in the second quarter. GAMMA Investing LLC now owns 1,049 shares of the restaurant operator’s stock worth $180,000 after acquiring an additional 282 shares during the period. 94.82% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, 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 value of $119,352.60. Following the sale, the director now owns 3,532 shares in the company, valued at approximately $691,071.12. The trade was a 14.73 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CTO Hernan E. Mujica sold 1,500 shares of the business’s stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $202.26, for a total transaction of $303,390.00. Following the completion of the sale, the chief technology officer now owns 16,342 shares in the company, valued at $3,305,332.92. This represents 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

A number of analysts have recently commented on TXRH shares. BMO Capital Markets lifted their price target on shares of Texas Roadhouse from $155.00 to $162.00 and gave the stock a “market perform” rating in a research note on Friday, October 25th. UBS Group raised their price objective on shares of Texas Roadhouse from $200.00 to $210.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Royal Bank of Canada raised their price objective on shares of Texas Roadhouse from $175.00 to $185.00 and gave the stock a “sector perform” rating in a report on Friday, October 25th. Wedbush raised their price objective on shares of Texas Roadhouse from $190.00 to $200.00 and gave the stock an “outperform” rating in a report on Friday, October 25th. Finally, Barclays raised their price objective on shares of Texas Roadhouse from $160.00 to $175.00 and gave the stock an “equal weight” rating in a report on Friday, October 25th. Twelve research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $189.00.

Texas Roadhouse Stock Performance

TXRH stock opened at $204.71 on Wednesday. Texas Roadhouse, Inc. has a one year low of $110.88 and a one year high of $204.94. The company’s fifty day moving average price is $185.06 and its 200-day moving average price is $174.40. The company has a market capitalization of $13.66 billion, a PE ratio of 35.17, a price-to-earnings-growth ratio of 1.66 and a beta of 0.98.

Texas Roadhouse (NASDAQ:TXRH) last released 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). Texas Roadhouse had a return on equity of 31.33% and a net margin of 7.65%. The company had revenue of $1.27 billion during the quarter, compared to analysts’ expectations of $1.27 billion. During the same period last year, the firm posted $0.95 EPS. Texas Roadhouse’s quarterly revenue was up 13.5% compared to the same quarter last year. On average, research analysts predict that Texas Roadhouse, Inc. will post 6.39 EPS for the current fiscal year.

Texas Roadhouse Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 10th will be given a $0.61 dividend. This represents a $2.44 annualized dividend and a yield of 1.19%. The ex-dividend date is Tuesday, December 10th. Texas Roadhouse’s dividend payout ratio is presently 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.