Fulton Bank N.A. Sells 174 Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH)

Fulton Bank N.A. reduced its position in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 2.4% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,051 shares of the restaurant operator’s stock after selling 174 shares during the quarter. Fulton Bank N.A.’s holdings in Texas Roadhouse were worth $1,211,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of TXRH. Avior Wealth Management LLC lifted its stake in Texas Roadhouse by 3.2% in the fourth quarter. Avior Wealth Management LLC now owns 3,579 shares of the restaurant operator’s stock worth $437,000 after purchasing an additional 111 shares during the last quarter. Advisors Asset Management Inc. increased its holdings 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 buying an additional 122 shares during the period. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Texas Roadhouse in the 2nd quarter valued at about $25,000. Bridge City Capital LLC boosted its holdings in Texas Roadhouse by 0.8% during the 1st quarter. Bridge City Capital LLC now owns 19,245 shares of the restaurant operator’s stock valued at $2,973,000 after acquiring an additional 150 shares during the period. Finally, LRI Investments LLC bought a new position in Texas Roadhouse during the 1st quarter worth approximately $25,000. 94.82% of the stock is currently owned by institutional investors.

Texas Roadhouse Stock Performance

Shares of NASDAQ:TXRH traded up $4.51 during trading on Tuesday, reaching $166.50. 740,295 shares of the stock traded hands, compared to its average volume of 811,677. Texas Roadhouse, Inc. has a 52-week low of $91.06 and a 52-week high of $177.72. The stock has a market cap of $11.12 billion, a P/E ratio of 33.70, a price-to-earnings-growth ratio of 1.50 and a beta of 1.01. The stock has a 50-day moving average of $170.05 and a two-hundred day moving average of $156.73.

Texas Roadhouse (NASDAQ:TXRH) last posted its earnings results on Thursday, July 25th. The restaurant operator reported $1.79 EPS for the quarter, topping analysts’ consensus estimates of $1.64 by $0.15. Texas Roadhouse had a return on equity of 30.94% and a net margin of 7.47%. The business had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.34 billion. During the same quarter last year, the company earned $1.22 EPS. The company’s quarterly revenue was up 14.5% compared to the same quarter last year. Sell-side analysts expect that Texas Roadhouse, Inc. will post 6.34 earnings per share for the current year.

Texas Roadhouse Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 25th. Shareholders of record on Wednesday, June 12th were paid a dividend of $0.61 per share. The ex-dividend date of this dividend was Wednesday, June 12th. This represents a $2.44 dividend on an annualized basis and a yield of 1.47%. Texas Roadhouse’s dividend payout ratio is presently 49.39%.

Insider Transactions at Texas Roadhouse

In related news, Director Wayne L. Jones 700 shares of the company’s stock in a transaction dated Monday, July 29th. The was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, Director Wayne L. Jones 700 shares of the business’s stock in a transaction on Monday, July 29th. The was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CTO Hernan E. Mujica sold 3,000 shares of the business’s stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $168.60, for a total value of $505,800.00. Following the sale, the chief technology officer now directly owns 17,842 shares of the company’s stock, valued at approximately $3,008,161.20. The disclosure for this sale can be found here. Insiders have sold a total of 19,025 shares of company stock worth $3,251,266 in the last ninety days. Insiders own 0.50% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on TXRH shares. Robert W. Baird increased their price objective on Texas Roadhouse from $178.00 to $182.00 and gave the company an “outperform” rating in a research note on Friday, May 3rd. Stephens increased their price target on shares of Texas Roadhouse from $170.00 to $176.00 and gave the company an “equal weight” rating in a research report on Monday, July 29th. Jefferies Financial Group boosted their price objective on shares of Texas Roadhouse from $120.00 to $136.00 and gave the company a “hold” rating in a research report on Tuesday, April 16th. Wells Fargo & Company increased their target price on shares of Texas Roadhouse from $165.00 to $175.00 and gave the stock an “equal weight” rating in a report on Friday, July 26th. Finally, JPMorgan Chase & Co. reduced their price target on Texas Roadhouse from $184.00 to $180.00 and set a “neutral” rating on the stock in a report on Monday, July 29th. Thirteen research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $169.86.

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.