Wells Fargo & Company MN Has $7.19 Million Holding in Texas Roadhouse Inc (TXRH)

Wells Fargo & Company MN Has $7.19 Million Holding in Texas Roadhouse Inc (TXRH)

Wells Fargo & Company MN reduced its stake in shares of Texas Roadhouse Inc (NASDAQ:TXRH) by 20.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 161,428 shares of the restaurant operator’s stock after selling 42,724 shares during the period. Wells Fargo & Company MN’s holdings in Texas Roadhouse were worth $7,189,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of TXRH. AQR Capital Management LLC raised its position in shares of Texas Roadhouse by 141.9% in the fourth quarter. AQR Capital Management LLC now owns 727,926 shares of the restaurant operator’s stock valued at $35,115,000 after buying an additional 426,957 shares in the last quarter. Shelton Capital Management purchased a new position in Texas Roadhouse during the fourth quarter worth $462,000. Motley Fool Asset Management LLC increased its position in Texas Roadhouse by 18.8% in the third quarter. Motley Fool Asset Management LLC now owns 315,429 shares of the restaurant operator’s stock worth $12,311,000 after buying an additional 50,000 shares during the period. Russell Investments Group Ltd. purchased a new position in Texas Roadhouse during the fourth quarter worth $890,000. Finally, Frontier Capital Management Co. LLC purchased a new position in Texas Roadhouse during the fourth quarter worth $36,715,000. Institutional investors and hedge funds own 88.30% of the company’s stock.

Shares of Texas Roadhouse Inc (NASDAQ:TXRH) opened at 50.47 on Tuesday. The stock’s 50 day moving average price is $48.14 and its 200-day moving average price is $46.51. Texas Roadhouse Inc has a 52 week low of $37.23 and a 52 week high of $51.79. The company has a market cap of $3.58 billion, a PE ratio of 31.33 and a beta of 0.55.

Texas Roadhouse (NASDAQ:TXRH) last announced its earnings results on Monday, May 1st. The restaurant operator reported $0.61 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.58 by $0.03. The company had revenue of $567.70 million for the quarter, compared to analysts’ expectations of $560.74 million. Texas Roadhouse had a return on equity of 17.05% and a net margin of 6.01%. Texas Roadhouse’s quarterly revenue was up 10.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.50 earnings per share. Analysts expect that Texas Roadhouse Inc will post $1.92 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, June 30th. Investors of record on Wednesday, June 14th will be given a dividend of $0.21 per share. The ex-dividend date is Monday, June 12th. This represents a $0.84 annualized dividend and a dividend yield of 1.66%. Texas Roadhouse’s payout ratio is 46.06%.

A number of research firms have weighed in on TXRH. Jefferies Group LLC reaffirmed a “sell” rating and set a $40.00 price target on shares of Texas Roadhouse in a research report on Friday. Zacks Investment Research raised Texas Roadhouse from a “sell” rating to a “hold” rating in a research report on Thursday, May 4th. Canaccord Genuity upped their price target on Texas Roadhouse from $42.00 to $49.00 and gave the stock a “hold” rating in a research report on Wednesday, May 3rd. Wells Fargo & Co reaffirmed a “market perform” rating and set a $47.00 price target (up previously from $44.00) on shares of Texas Roadhouse in a research report on Tuesday, May 2nd. Finally, Credit Suisse Group AG upped their price target on Texas Roadhouse from $43.00 to $48.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 2nd. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and six have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $48.47.

In related news, Director Kathy Widmer sold 4,800 shares of Texas Roadhouse stock in a transaction that occurred on Monday, March 27th. The stock was sold at an average price of $43.17, for a total transaction of $207,216.00. Following the transaction, the director now owns 18,950 shares of the company’s stock, valued at $818,071.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, General Counsel Celia Catlett sold 5,000 shares of Texas Roadhouse stock in a transaction that occurred on Tuesday, May 2nd. The shares were sold at an average price of $50.80, for a total value of $254,000.00. Following the transaction, the general counsel now directly owns 11,837 shares in the company, valued at approximately $601,319.60. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 30,337 shares of company stock worth $1,482,533. 7.40% of the stock is owned by insiders.

About Texas Roadhouse

Texas Roadhouse, Inc is a restaurant company, which operates in the casual dining segment. The Company offers an assortment of seasoned and aged steaks, all cooked over open grills and all but one hand cut daily on the premises. Its restaurants offer a range of menu items at prices that are designed to appeal to a range of consumer tastes.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:TXRH”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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