Mariner LLC Sells 2,852 Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH)

Mariner LLC lessened its holdings in Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 16.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,578 shares of the restaurant operator's stock after selling 2,852 shares during the quarter. Mariner LLC's holdings in Texas Roadhouse were worth $2,630,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in TXRH. Norges Bank bought a new position in Texas Roadhouse in the fourth quarter worth about $155,239,000. FMR LLC boosted its position in Texas Roadhouse by 44.8% during the 4th quarter. FMR LLC now owns 1,300,987 shares of the restaurant operator's stock valued at $234,737,000 after purchasing an additional 402,465 shares during the period. Franklin Resources Inc. grew its stake in Texas Roadhouse by 76.0% during the 3rd quarter. Franklin Resources Inc. now owns 893,925 shares of the restaurant operator's stock worth $157,375,000 after buying an additional 385,998 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in Texas Roadhouse in the fourth quarter worth $55,177,000. Finally, Arrowstreet Capital Limited Partnership lifted its stake in Texas Roadhouse by 29.0% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 819,522 shares of the restaurant operator's stock valued at $147,866,000 after buying an additional 184,250 shares during the last quarter. Institutional investors own 94.82% of the company's stock.

Wall Street Analysts Forecast Growth

TXRH has been the topic of a number of analyst reports. Stephens dropped their price objective on shares of Texas Roadhouse from $186.00 to $180.00 and set an "equal weight" rating on the stock in a report on Friday, February 21st. Truist Financial reduced their price objective on Texas Roadhouse from $209.00 to $205.00 and set a "buy" rating for the company in a research report on Friday, February 21st. JPMorgan Chase & Co. decreased their price objective on Texas Roadhouse from $185.00 to $184.00 and set a "neutral" rating for the company in a report on Thursday, March 20th. Morgan Stanley upgraded Texas Roadhouse from an "equal weight" rating to an "overweight" rating and boosted their price target for the stock from $205.00 to $213.00 in a research report on Tuesday, January 21st. Finally, Wells Fargo & Company decreased their price target on Texas Roadhouse from $175.00 to $170.00 and set an "equal weight" rating for the company in a research note on Tuesday. Ten equities research 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, Texas Roadhouse has an average rating of "Moderate Buy" and an average price target of $192.29.

Insider Buying and Selling

In other news, Director Curtis Warfield sold 3,281 shares of Texas Roadhouse stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $183.67, for a total value of $602,621.27. Following the transaction, the director now owns 6,801 shares of the company's stock, valued at $1,249,139.67. This trade represents a 32.54 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed 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 stock was sold at an average price of $185.64, for a total transaction of $585,508.56. Following the sale, the president now directly owns 18,414 shares of the company's stock, valued at approximately $3,418,374.96. This 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 have sold 16,535 shares of company stock worth $2,952,507. Insiders own 0.50% of the company's stock.

Texas Roadhouse Trading Down 0.1 %

TXRH stock traded down $0.20 during midday trading on Friday, reaching $161.64. The company had a trading volume of 857,704 shares, compared to its average volume of 880,385. The company has a 50 day moving average of $169.82 and a two-hundred day moving average of $180.12. The company has a market capitalization of $10.74 billion, a P/E ratio of 24.98, a PEG ratio of 1.23 and a beta of 0.88. Texas Roadhouse, Inc. has a 1 year low of $148.73 and a 1 year high of $206.04.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last announced its quarterly earnings data 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. Texas Roadhouse had a return on equity of 34.02% and a net margin of 8.07%. The business had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.41 billion. On average, sell-side analysts anticipate that Texas Roadhouse, Inc. will post 7.23 earnings per share for the current year.

Texas Roadhouse Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Tuesday, March 18th were paid a $0.68 dividend. This is a boost from Texas Roadhouse's previous quarterly dividend of $0.61. The ex-dividend date was Tuesday, March 18th. This represents a $2.72 annualized dividend and a dividend yield of 1.68%. Texas Roadhouse's payout ratio is presently 42.04%.

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.