AXQ Capital LP Cuts Stock Position in Texas Roadhouse, Inc. (NASDAQ:TXRH)

AXQ Capital LP lowered its stake in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 21.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,421 shares of the restaurant operator's stock after selling 1,778 shares during the quarter. AXQ Capital LP's holdings in Texas Roadhouse were worth $1,159,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of TXRH. Kingsview Wealth Management LLC grew its holdings in Texas Roadhouse by 3.1% during the third quarter. Kingsview Wealth Management LLC now owns 1,771 shares of the restaurant operator's stock worth $313,000 after acquiring an additional 54 shares during the period. Cornerstone Investment Partners LLC raised its position in shares of Texas Roadhouse by 2.7% in the 4th quarter. Cornerstone Investment Partners LLC now owns 2,159 shares of the restaurant operator's stock worth $390,000 after buying an additional 56 shares during the period. Lifestyle Asset Management Inc. lifted its stake 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 valued at $289,000 after purchasing an additional 60 shares in the last quarter. CIBC Asset Management Inc grew its stake in Texas Roadhouse by 3.3% during the third quarter. CIBC Asset Management Inc now owns 1,952 shares of the restaurant operator's stock worth $345,000 after buying an additional 62 shares during the period. Finally, MassMutual Private Wealth & Trust FSB increased its holdings in Texas Roadhouse by 32.2% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 267 shares of the restaurant operator's stock valued at $48,000 after purchasing an additional 65 shares in the last quarter. Hedge funds and other institutional investors own 94.82% of the company's stock.

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Texas Roadhouse Price Performance

NASDAQ TXRH traded up $0.94 during trading hours on Tuesday, reaching $176.81. 247,758 shares of the stock traded hands, compared to its average volume of 815,051. The company has a market cap of $11.75 billion, a price-to-earnings ratio of 27.33, a price-to-earnings-growth ratio of 1.23 and a beta of 1.00. The stock has a 50 day simple moving average of $176.70 and a two-hundred day simple moving average of $181.41. Texas Roadhouse, Inc. has a 1 year low of $146.75 and a 1 year high of $206.04.

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

Texas Roadhouse Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 18th will be paid a $0.68 dividend. 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 1.54%. The ex-dividend date is Tuesday, March 18th. Texas Roadhouse's dividend payout ratio is currently 42.04%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Morgan Stanley upgraded Texas Roadhouse from an "equal weight" rating to an "overweight" rating and raised their target price for the company from $205.00 to $213.00 in a research note on Tuesday, January 21st. Royal Bank of Canada cut their target price on shares of Texas Roadhouse from $200.00 to $180.00 and set a "sector perform" rating on the stock in a report on Friday, February 21st. Wedbush cut their price objective on shares of Texas Roadhouse from $220.00 to $200.00 and set an "outperform" rating on the stock in a research report on Friday, February 21st. Stifel Nicolaus decreased their price target on Texas Roadhouse from $185.00 to $172.00 and set a "hold" rating for the company in a research note on Friday, February 21st. Finally, Guggenheim decreased their price target on Texas Roadhouse from $205.00 to $200.00 and set a "buy" rating for the company in a research note on Thursday, February 27th. Eleven investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $192.91.

Insiders Place Their Bets

In other Texas Roadhouse news, Director Gregory N. Moore sold 2,700 shares of the business's stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $168.26, for a total transaction of $454,302.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Christopher C. Colson sold 1,370 shares of the firm's stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $179.46, for a total value of $245,860.20. Following the sale, the insider now directly owns 10,000 shares in the company, valued at approximately $1,794,600. This represents a 12.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 17,905 shares of company stock valued at $3,198,367. Insiders own 0.50% of the company's stock.

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.