Dimensional Fund Advisors LP Has $98.84 Million Stock Holdings in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Dimensional Fund Advisors LP reduced its holdings in Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 7.6% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 547,815 shares of the restaurant operator's stock after selling 45,263 shares during the quarter. Dimensional Fund Advisors LP owned approximately 0.82% of Texas Roadhouse worth $98,844,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. bought a new position in Texas Roadhouse during the 4th quarter worth $30,000. SBI Securities Co. Ltd. acquired a new stake in shares of Texas Roadhouse in the fourth quarter valued at about $36,000. MassMutual Private Wealth & Trust FSB raised its position in shares of Texas Roadhouse by 32.2% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 267 shares of the restaurant operator's stock worth $48,000 after acquiring an additional 65 shares during the last quarter. VisionPoint Advisory Group LLC acquired a new position in shares of Texas Roadhouse in the fourth quarter worth approximately $64,000. Finally, Asset Planning Inc bought a new stake in Texas Roadhouse in the fourth quarter valued at approximately $74,000. Institutional investors own 94.82% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on TXRH shares. Guggenheim dropped their price target on shares of Texas Roadhouse from $205.00 to $200.00 and set a "buy" rating on the stock in a research report on Thursday, February 27th. Citigroup cut shares of Texas Roadhouse from a "buy" rating to a "neutral" rating and cut their price target for the company from $213.00 to $164.00 in a research report on Wednesday, April 23rd. JPMorgan Chase & Co. decreased their price target on Texas Roadhouse from $185.00 to $184.00 and set a "neutral" rating for the company in a report on Thursday, March 20th. Stifel Nicolaus dropped their price objective on Texas Roadhouse from $172.00 to $170.00 and set a "hold" rating on the stock in a research note on Tuesday, April 15th. Finally, Barclays raised their target price on Texas Roadhouse from $178.00 to $179.00 and gave the stock an "equal weight" rating in a research note on Tuesday, April 22nd. Ten investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $192.29.

Insiders Place Their Bets

In other news, Director Curtis Warfield sold 3,281 shares of Texas Roadhouse stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $183.67, for a total transaction of $602,621.27. Following the sale, the director now directly owns 6,801 shares in the company, valued at $1,249,139.67. The trade was a 32.54 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, President Regina A. Tobin sold 3,154 shares of the business's stock in a transaction dated 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 transaction, the president now owns 18,414 shares in the company, valued at approximately $3,418,374.96. The trade was a 14.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 16,535 shares of company stock valued at $2,952,507 in the last three months. 0.50% of the stock is currently owned by insiders.

Texas Roadhouse Trading Down 0.1 %

TXRH opened at $161.64 on Monday. Texas Roadhouse, Inc. has a 1-year low of $148.73 and a 1-year high of $206.04. The company has a market cap of $10.74 billion, a price-to-earnings ratio of 24.98, a PEG ratio of 1.23 and a beta of 0.88. The company's fifty day moving average price is $169.50 and its two-hundred day moving average price is $180.09.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last posted its earnings results on Thursday, February 20th. The restaurant operator reported $1.73 earnings per share for the quarter, topping analysts' consensus estimates of $1.66 by $0.07. The company had revenue of $1.44 billion for 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 analysts forecast that Texas Roadhouse, Inc. will post 7.23 earnings per share for the current fiscal year.

Texas Roadhouse Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 18th were paid a dividend of $0.68 per share. The ex-dividend date was Tuesday, March 18th. This is a boost from Texas Roadhouse's previous quarterly dividend of $0.61. This represents a $2.72 annualized dividend and a yield of 1.68%. Texas Roadhouse's dividend payout ratio (DPR) is 42.04%.

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.

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