Texas Roadhouse, Inc. (NASDAQ:TXRH) Shares Sold by AGF Management Ltd.

AGF Management Ltd. reduced its stake in Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 30.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,806 shares of the restaurant operator's stock after selling 5,540 shares during the period. AGF Management Ltd.'s holdings in Texas Roadhouse were worth $2,311,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in TXRH. Kingsview Wealth Management LLC increased its holdings in Texas Roadhouse by 3.1% during the 3rd quarter. Kingsview Wealth Management LLC now owns 1,771 shares of the restaurant operator's stock valued at $313,000 after acquiring an additional 54 shares in the last quarter. Cornerstone Investment Partners LLC increased its position in shares of Texas Roadhouse by 2.7% during the fourth quarter. Cornerstone Investment Partners LLC now owns 2,159 shares of the restaurant operator's stock worth $390,000 after acquiring an additional 56 shares during the last quarter. Lifestyle Asset Management Inc. increased its position in shares of Texas Roadhouse by 3.9% in the 4th quarter. Lifestyle Asset Management Inc. now owns 1,603 shares of the restaurant operator's stock worth $289,000 after purchasing an additional 60 shares during the last quarter. CIBC Asset Management Inc increased its holdings in shares of Texas Roadhouse by 3.3% in the 3rd quarter. CIBC Asset Management Inc now owns 1,952 shares of the restaurant operator's stock valued at $345,000 after acquiring an additional 62 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB boosted its stake in Texas Roadhouse by 32.2% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 267 shares of the restaurant operator's stock valued at $48,000 after acquiring an additional 65 shares during the period. Institutional investors and hedge funds own 94.82% of the company's stock.

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Insider Activity

In other news, insider Christopher C. Colson sold 580 shares of Texas Roadhouse stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $181.94, for a total value of $105,525.20. Following the transaction, the insider now owns 12,000 shares of the company's stock, valued at $2,183,280. The trade was a 4.61 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, President Regina A. Tobin sold 3,154 shares of the firm's stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $185.64, for a total transaction of $585,508.56. Following the completion of the sale, the president now owns 18,414 shares of the company's stock, valued at approximately $3,418,374.96. This trade represents a 14.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 17,905 shares of company stock valued at $3,198,367. Corporate insiders own 0.50% of the company's stock.

Texas Roadhouse Trading Up 1.8 %

TXRH traded up $2.95 during trading hours on Wednesday, hitting $170.04. The company's stock had a trading volume of 895,064 shares, compared to its average volume of 806,744. Texas Roadhouse, Inc. has a 12 month low of $146.75 and a 12 month high of $206.04. The business's 50-day moving average price is $177.42 and its 200-day moving average price is $181.28. The stock has a market cap of $11.30 billion, a price-to-earnings ratio of 26.28, a P/E/G ratio of 1.23 and a beta of 1.00.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last released its quarterly earnings results on Thursday, February 20th. The restaurant operator reported $1.73 EPS for the quarter, topping analysts' consensus estimates of $1.66 by $0.07. The firm had revenue of $1.44 billion during the quarter, compared to analysts' expectations of $1.41 billion. Texas Roadhouse had a net margin of 8.07% and a return on equity of 34.02%. On average, analysts forecast that Texas Roadhouse, Inc. will post 7.23 earnings per share for the current year.

Texas Roadhouse Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 18th will be issued a $0.68 dividend. The ex-dividend date of this dividend is Tuesday, March 18th. This is a boost from Texas Roadhouse's previous quarterly dividend of $0.61. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.60%. Texas Roadhouse's dividend payout ratio is presently 42.04%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on TXRH shares. Stifel Nicolaus cut their target price 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. The Goldman Sachs Group started coverage on shares of Texas Roadhouse in a research note on Thursday, December 5th. They set a "neutral" rating and a $213.00 price objective for the company. Wedbush decreased their price objective on Texas Roadhouse from $220.00 to $200.00 and set an "outperform" rating for the company in a research report on Friday, February 21st. Morgan Stanley raised Texas Roadhouse from an "equal weight" rating to an "overweight" rating and lifted their price objective for the company from $205.00 to $213.00 in a research report on Tuesday, January 21st. Finally, Stephens decreased their price objective on shares of Texas Roadhouse from $186.00 to $180.00 and set an "equal weight" rating for the company in a report on Friday, February 21st. Eleven equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $192.73.

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.