abrdn plc Sells 1,973 Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH)

abrdn plc lessened its holdings in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 0.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 229,587 shares of the restaurant operator’s stock after selling 1,973 shares during the quarter. abrdn plc owned approximately 0.34% of Texas Roadhouse worth $28,062,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of TXRH. CWM LLC boosted its stake in shares of Texas Roadhouse by 110.8% in the 3rd quarter. CWM LLC now owns 1,617 shares of the restaurant operator’s stock valued at $155,000 after purchasing an additional 850 shares during the last quarter. AE Wealth Management LLC boosted its stake in Texas Roadhouse by 25.4% during the 3rd quarter. AE Wealth Management LLC now owns 3,544 shares of the restaurant operator’s stock worth $341,000 after acquiring an additional 718 shares during the last quarter. SG Americas Securities LLC boosted its stake in Texas Roadhouse by 945.0% during the 3rd quarter. SG Americas Securities LLC now owns 25,497 shares of the restaurant operator’s stock worth $2,450,000 after acquiring an additional 23,057 shares during the last quarter. Impact Partnership Wealth LLC bought a new position in Texas Roadhouse during the 3rd quarter worth approximately $108,000. Finally, GHP Investment Advisors Inc. boosted its stake in Texas Roadhouse by 4.7% during the 3rd quarter. GHP Investment Advisors Inc. now owns 43,937 shares of the restaurant operator’s stock worth $4,053,000 after acquiring an additional 1,983 shares during the last quarter. Institutional investors own 94.82% of the company’s stock.

Insider Activity

In related news, Director Curtis Warfield sold 2,365 shares of the company’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $148.68, for a total transaction of $351,628.20. Following the completion of the sale, the director now owns 13,397 shares of the company’s stock, valued at $1,991,865.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Curtis Warfield sold 2,365 shares of the company’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $148.68, for a total transaction of $351,628.20. Following the completion of the sale, the director now owns 13,397 shares of the company’s stock, valued at $1,991,865.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, President Regina A. Tobin sold 3,064 shares of the company’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $150.07, for a total transaction of $459,814.48. Following the sale, the president now directly owns 15,261 shares of the company’s stock, valued at approximately $2,290,218.27. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 12,382 shares of company stock valued at $1,843,145. 0.50% of the stock is owned by company insiders.

Texas Roadhouse Price Performance

NASDAQ:TXRH opened at $153.06 on Tuesday. Texas Roadhouse, Inc. has a one year low of $91.06 and a one year high of $157.12. The company has a market cap of $10.23 billion, a P/E ratio of 33.79, a P/E/G ratio of 1.65 and a beta of 0.99. The firm’s fifty day moving average price is $149.68 and its two-hundred day moving average price is $125.97.

Texas Roadhouse (NASDAQ:TXRH) last released its quarterly earnings data on Thursday, February 15th. The restaurant operator reported $1.08 EPS for the quarter, beating the consensus estimate of $1.07 by $0.01. Texas Roadhouse had a net margin of 6.58% and a return on equity of 27.43%. The firm had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.16 billion. During the same period in the previous year, the company earned $0.89 earnings per share. The company’s quarterly revenue was up 15.3% on a year-over-year basis. As a group, equities research analysts expect that Texas Roadhouse, Inc. will post 5.74 earnings per share for the current year.

Texas Roadhouse Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 26th. Stockholders of record on Wednesday, March 13th were given a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.59%. The ex-dividend date of this dividend was Tuesday, March 12th. This is a boost from Texas Roadhouse’s previous quarterly dividend of $0.55. Texas Roadhouse’s payout ratio is presently 53.86%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on TXRH shares. Jefferies Financial Group lifted their price objective on shares of Texas Roadhouse from $120.00 to $136.00 and gave the stock a “hold” rating in a research note on Tuesday, April 16th. Stephens started coverage on shares of Texas Roadhouse in a research note on Friday, April 12th. They set an “equal weight” rating and a $150.00 price objective on the stock. Wells Fargo & Company lifted their price objective on shares of Texas Roadhouse from $125.00 to $140.00 and gave the stock an “equal weight” rating in a research note on Friday, February 16th. Northcoast Research lowered shares of Texas Roadhouse from a “buy” rating to a “neutral” rating in a research note on Tuesday, February 20th. Finally, Benchmark started coverage on shares of Texas Roadhouse in a research note on Wednesday, April 10th. They issued a “hold” rating on the stock. Eleven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, Texas Roadhouse presently has a consensus rating of “Hold” and an average target price of $136.05.

Texas Roadhouse Company 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.