Amundi Sells 29,195 Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH)

Amundi decreased its stake in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 91.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,653 shares of the restaurant operator's stock after selling 29,195 shares during the period. Amundi's holdings in Texas Roadhouse were worth $482,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Larson Financial Group LLC lifted its holdings in shares of Texas Roadhouse by 10.6% in the fourth quarter. Larson Financial Group LLC now owns 1,236 shares of the restaurant operator's stock valued at $223,000 after buying an additional 118 shares during the period. Banco Santander S.A. acquired a new stake in Texas Roadhouse in the 4th quarter valued at about $6,871,000. Bank Julius Baer & Co. Ltd Zurich boosted its position in shares of Texas Roadhouse by 13.9% during the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 55,711 shares of the restaurant operator's stock valued at $10,130,000 after purchasing an additional 6,814 shares in the last quarter. Machina Capital S.A.S. grew its stake in shares of Texas Roadhouse by 67.4% in the 4th quarter. Machina Capital S.A.S. now owns 2,632 shares of the restaurant operator's stock worth $475,000 after purchasing an additional 1,060 shares during the last quarter. Finally, Edgestream Partners L.P. raised its holdings in shares of Texas Roadhouse by 334.7% in the 4th quarter. Edgestream Partners L.P. now owns 48,013 shares of the restaurant operator's stock worth $8,663,000 after purchasing an additional 36,968 shares in the last quarter. 94.82% of the stock is currently owned by institutional investors.

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Insider Activity

In related news, Director Curtis Warfield sold 3,281 shares of the business's stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $183.67, for a total transaction of $602,621.27. Following the completion of the transaction, the director now owns 6,801 shares in the company, valued at approximately $1,249,139.67. The trade was a 32.54 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Christopher C. Colson sold 1,370 shares of the stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $179.46, for a total value of $245,860.20. Following the completion of the sale, the insider now owns 10,000 shares of the company's stock, valued at $1,794,600. This trade represents a 12.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 17,905 shares of company stock valued at $3,198,367. Company insiders own 0.50% of the company's stock.

Texas Roadhouse Trading Up 3.5 %

NASDAQ:TXRH traded up $5.99 during mid-day trading on Monday, hitting $175.87. 1,273,369 shares of the company's stock traded hands, compared to its average volume of 815,557. The firm has a 50 day moving average of $176.79 and a two-hundred day moving average of $181.33. The firm has a market capitalization of $11.69 billion, a price-to-earnings ratio of 27.18, a price-to-earnings-growth ratio of 1.23 and a beta of 1.00. Texas Roadhouse, Inc. has a 12 month low of $146.75 and a 12 month high of $206.04.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The restaurant operator reported $1.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.66 by $0.07. The firm had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.41 billion. Texas Roadhouse had a net margin of 8.07% and a return on equity of 34.02%. As a group, equities research analysts expect 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 paid a dividend of $0.68 per share. This is a boost from Texas Roadhouse's previous quarterly dividend of $0.61. This represents a $2.72 annualized dividend and a dividend yield of 1.55%. The ex-dividend date of this dividend is Tuesday, March 18th. Texas Roadhouse's dividend payout ratio is 42.04%.

Analysts Set New Price Targets

TXRH has been the topic of a number of recent research reports. Truist Financial decreased their target price on Texas Roadhouse from $209.00 to $205.00 and set a "buy" rating on the stock in a report on Friday, February 21st. Barclays dropped their price target on Texas Roadhouse from $194.00 to $178.00 and set an "equal weight" rating on the stock in a research note on Friday, February 21st. Gordon Haskett lowered shares of Texas Roadhouse from a "buy" rating to a "hold" rating and set a $192.00 price objective for the company. in a research note on Wednesday, January 8th. Guggenheim decreased their target price on shares of Texas Roadhouse from $205.00 to $200.00 and set a "buy" rating for the company in a report on Thursday, February 27th. Finally, JPMorgan Chase & Co. cut their price target on shares of Texas Roadhouse from $185.00 to $184.00 and set a "neutral" rating on the stock in a report on Thursday. Eleven analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $192.91.

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.