Texas Roadhouse, Inc. (NASDAQ:TXRH) Shares Sold by AlphaQuest LLC

AlphaQuest LLC reduced its holdings in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 52.5% in the 4th quarter, HoldingsChannel.com reports. The firm owned 2,761 shares of the restaurant operator’s stock after selling 3,049 shares during the quarter. AlphaQuest LLC’s holdings in Texas Roadhouse were worth $498,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Hantz Financial Services Inc. increased its stake in Texas Roadhouse by 8,594.4% in the third quarter. Hantz Financial Services Inc. now owns 3,130 shares of the restaurant operator’s stock valued at $553,000 after purchasing an additional 3,094 shares during the last quarter. Massachusetts Financial Services Co. MA acquired a new position in Texas Roadhouse in the third quarter valued at $17,853,000. Victory Capital Management Inc. increased its stake in Texas Roadhouse by 194.9% in the third quarter. Victory Capital Management Inc. now owns 67,733 shares of the restaurant operator’s stock valued at $11,962,000 after purchasing an additional 44,768 shares during the last quarter. Chase Investment Counsel Corp acquired a new position in Texas Roadhouse in the fourth quarter valued at $316,000. Finally, First Hawaiian Bank acquired a new position in Texas Roadhouse in the fourth quarter valued at $1,554,000. 94.82% of the stock is currently owned by institutional investors and hedge funds.

Texas Roadhouse Stock Performance

NASDAQ:TXRH opened at $175.39 on Thursday. Texas Roadhouse, Inc. has a one year low of $146.75 and a one year high of $206.04. The business’s 50-day simple moving average is $178.36 and its 200 day simple moving average is $181.16. The stock has a market cap of $11.65 billion, a price-to-earnings ratio of 27.11, a price-to-earnings-growth ratio of 1.23 and a beta of 1.00.

Texas Roadhouse (NASDAQ:TXRH) last released its quarterly earnings results on Thursday, February 20th. The restaurant operator reported $1.73 EPS for the quarter, topping the consensus estimate of $1.66 by $0.07. Texas Roadhouse had a return on equity of 34.02% and a net margin of 8.07%. The business had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.41 billion. On average, equities research analysts predict that Texas Roadhouse, Inc. will post 7.23 EPS for the current year.

Texas Roadhouse Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 18th will be paid a dividend of $0.68 per share. The ex-dividend date is Tuesday, March 18th. This represents a $2.72 annualized dividend and a yield of 1.55%. This is a boost from Texas Roadhouse’s previous quarterly dividend of $0.61. Texas Roadhouse’s dividend payout ratio is presently 42.04%.

Analysts Set New Price Targets

TXRH has been the subject of a number of research reports. Citigroup boosted their price target on Texas Roadhouse from $212.00 to $213.00 and gave the company a “buy” rating in a research report on Friday, February 21st. Royal Bank of Canada lowered their price target on Texas Roadhouse from $200.00 to $180.00 and set a “sector perform” rating for the company in a research report on Friday, February 21st. Stifel Nicolaus lowered their price target on Texas Roadhouse from $185.00 to $172.00 and set a “hold” rating for the company in a research report on Friday, February 21st. Gordon Haskett downgraded Texas Roadhouse from a “buy” rating to a “hold” rating and set a $192.00 price target for the company. in a research report on Wednesday, January 8th. Finally, Stephens lowered their price target on Texas Roadhouse from $186.00 to $180.00 and set an “equal weight” rating for the company in a research report on Friday, February 21st. Eleven analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $192.73.

Insider Buying and Selling at Texas Roadhouse

In other Texas Roadhouse news, insider Christopher C. Colson sold 580 shares of the company’s stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $181.94, for a total transaction of $105,525.20. Following the sale, the insider now owns 12,000 shares in the company, valued at $2,183,280. This represents a 4.61 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Gregory N. Moore sold 2,700 shares of the company’s stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $168.26, for a total value of $454,302.00. The disclosure for this sale can be found here. Insiders have sold 17,905 shares of company stock worth $3,198,367 over the last quarter. 0.50% of the stock is owned by corporate insiders.

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.