First Trust Advisors LP Sells 54,568 Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH)

First Trust Advisors LP decreased its position in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 30.2% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 126,261 shares of the restaurant operator's stock after selling 54,568 shares during the period. First Trust Advisors LP owned about 0.19% of Texas Roadhouse worth $22,781,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Canada Pension Plan Investment Board grew its stake in shares of Texas Roadhouse by 13.3% in the 4th quarter. Canada Pension Plan Investment Board now owns 10,200 shares of the restaurant operator's stock worth $1,840,000 after buying an additional 1,200 shares during the last quarter. Farringdon Capital Ltd. purchased a new stake in shares of Texas Roadhouse in the 4th quarter worth approximately $225,000. NewEdge Advisors LLC grew its stake in shares of Texas Roadhouse by 9.0% in the 4th quarter. NewEdge Advisors LLC now owns 2,164 shares of the restaurant operator's stock worth $390,000 after buying an additional 179 shares during the last quarter. EAM Global Investors LLC purchased a new stake in shares of Texas Roadhouse in the 4th quarter worth approximately $4,202,000. Finally, Ontario Teachers Pension Plan Board grew its stake in shares of Texas Roadhouse by 30.9% in the 4th quarter. Ontario Teachers Pension Plan Board now owns 9,859 shares of the restaurant operator's stock worth $1,779,000 after buying an additional 2,330 shares during the last quarter. Hedge funds and other institutional investors own 94.82% of the company's stock.

Insider Activity at Texas Roadhouse

In other Texas Roadhouse news, CTO Hernan E. Mujica sold 2,050 shares of the company's stock in a transaction on Monday, February 24th. The stock was sold at an average price of $170.66, for a total value of $349,853.00. Following the transaction, the chief technology officer now owns 17,162 shares of the company's stock, valued at $2,928,866.92. This represents a 10.67 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, President Regina A. Tobin sold 3,154 shares of the company's stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $185.64, for a total value of $585,508.56. Following the completion of the transaction, the president now directly owns 18,414 shares in the company, valued at $3,418,374.96. This trade represents a 14.62 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 16,535 shares of company stock worth $2,952,507. Company insiders own 0.50% of the company's stock.

Texas Roadhouse Stock Down 1.2 %

TXRH stock traded down $1.99 during trading on Tuesday, reaching $164.67. The company's stock had a trading volume of 1,576,045 shares, compared to its average volume of 887,038. Texas Roadhouse, Inc. has a 1 year low of $148.73 and a 1 year high of $206.04. The company has a market capitalization of $10.94 billion, a P/E ratio of 25.45, a price-to-earnings-growth ratio of 1.23 and a beta of 0.88. The company's fifty day moving average is $169.35 and its 200-day moving average is $180.03.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last issued its quarterly earnings results on Thursday, February 20th. The restaurant operator reported $1.73 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.66 by $0.07. The business had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.41 billion. Texas Roadhouse had a return on equity of 34.02% and a net margin of 8.07%. Analysts anticipate 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 was paid on Tuesday, April 1st. Investors of record on Tuesday, March 18th were issued a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a yield of 1.65%. The ex-dividend date was Tuesday, March 18th. This is a positive change 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 topic of several analyst reports. Morgan Stanley raised Texas Roadhouse from an "equal weight" rating to an "overweight" rating and upped their price objective for the company from $205.00 to $213.00 in a research report on Tuesday, January 21st. Gordon Haskett cut Texas Roadhouse from a "buy" rating to a "hold" rating and set a $192.00 price objective on the stock. in a research report on Wednesday, January 8th. Robert W. Baird set a $180.00 price objective on Texas Roadhouse and gave the company an "outperform" rating in a research report on Monday, April 7th. Wedbush upped their price objective on Texas Roadhouse from $200.00 to $210.00 and gave the company an "outperform" rating in a research report on Friday, March 28th. Finally, Royal Bank of Canada lowered their price objective on Texas Roadhouse from $200.00 to $180.00 and set a "sector perform" rating on the stock in a research report on Friday, February 21st. Ten investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $192.29.

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.