Hancock Whitney Corp Trims Stock Holdings in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Hancock Whitney Corp decreased its holdings in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 2.0% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 11,176 shares of the restaurant operator’s stock after selling 233 shares during the period. Hancock Whitney Corp’s holdings in Texas Roadhouse were worth $1,974,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Geneva Capital Management LLC boosted its holdings in Texas Roadhouse by 0.4% in the 3rd quarter. Geneva Capital Management LLC now owns 922,405 shares of the restaurant operator’s stock valued at $162,897,000 after purchasing an additional 3,584 shares in the last quarter. AQR Capital Management LLC grew its stake in Texas Roadhouse by 22.3% in the 2nd quarter. AQR Capital Management LLC now owns 909,847 shares of the restaurant operator’s stock valued at $156,230,000 after acquiring an additional 165,738 shares during the last quarter. Marshall Wace LLP increased its holdings in Texas Roadhouse by 128.9% during the 2nd quarter. Marshall Wace LLP now owns 765,096 shares of the restaurant operator’s stock valued at $131,375,000 after acquiring an additional 430,814 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in Texas Roadhouse by 0.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 744,624 shares of the restaurant operator’s stock valued at $127,859,000 after acquiring an additional 2,578 shares in the last quarter. Finally, Jennison Associates LLC raised its position in Texas Roadhouse by 29.1% during the third quarter. Jennison Associates LLC now owns 622,561 shares of the restaurant operator’s stock worth $109,944,000 after acquiring an additional 140,439 shares during the last quarter. 94.82% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Stifel Nicolaus increased their price target on shares of Texas Roadhouse from $180.00 to $195.00 and gave the company a “hold” rating in a research report on Friday, October 25th. Morgan Stanley raised their price target 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. Evercore ISI upped their price objective on Texas Roadhouse from $195.00 to $200.00 and gave the company an “outperform” rating in a research report on Tuesday, October 15th. Loop Capital decreased their price objective on Texas Roadhouse from $215.00 to $209.00 and set a “buy” rating on the stock in a research note on Monday, October 28th. Finally, Wedbush boosted their target price on shares of Texas Roadhouse from $190.00 to $200.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. Twelve equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, Texas Roadhouse currently has a consensus rating of “Hold” and a consensus target price of $189.00.

Texas Roadhouse Price Performance

Shares of NASDAQ TXRH opened at $202.12 on Tuesday. Texas Roadhouse, Inc. has a 1-year low of $110.88 and a 1-year high of $203.32. The company has a market capitalization of $13.48 billion, a price-to-earnings ratio of 34.73, a PEG ratio of 1.66 and a beta of 0.98. The business has a 50-day moving average of $184.27 and a 200-day moving average of $174.14.

Texas Roadhouse (NASDAQ:TXRH) last issued its quarterly earnings data on Thursday, October 24th. The restaurant operator reported $1.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.32 by ($0.06). Texas Roadhouse had a net margin of 7.65% and a return on equity of 31.33%. The firm had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.27 billion. During the same period last year, the business earned $0.95 EPS. The firm’s revenue was up 13.5% compared to the same quarter last year. Research analysts expect that Texas Roadhouse, Inc. will post 6.39 EPS for the current fiscal year.

Texas Roadhouse Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 10th will be issued a $0.61 dividend. The ex-dividend date of this dividend is Tuesday, December 10th. This represents a $2.44 dividend on an annualized basis and a yield of 1.21%. Texas Roadhouse’s dividend payout ratio is currently 41.92%.

Insider Buying and Selling at Texas Roadhouse

In other Texas Roadhouse news, Director Donna E. Epps sold 610 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $195.66, for a total value of $119,352.60. Following the transaction, the director now directly owns 3,532 shares of the company’s stock, valued at $691,071.12. This represents a 14.73 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CTO Hernan E. Mujica sold 1,500 shares of the firm’s stock in a transaction that occurred 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 sale, the chief technology officer now directly owns 16,342 shares of the company’s stock, valued at $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 corporate insiders.

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.