Moran Wealth Management LLC Sells 1,577 Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH)

Moran Wealth Management LLC cut its position in Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 3.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 50,393 shares of the restaurant operator's stock after selling 1,577 shares during the quarter. Moran Wealth Management LLC owned 0.08% of Texas Roadhouse worth $9,092,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Texas Roadhouse by 15.1% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 17,081 shares of the restaurant operator's stock valued at $3,082,000 after buying an additional 2,238 shares during the last quarter. Larson Financial Group LLC raised its stake in shares of Texas Roadhouse by 10.6% during the fourth quarter. Larson Financial Group LLC now owns 1,236 shares of the restaurant operator's stock valued at $223,000 after acquiring an additional 118 shares during the last quarter. Banco Santander S.A. acquired a new position in shares of Texas Roadhouse during the fourth quarter worth $6,871,000. Bank Julius Baer & Co. Ltd Zurich lifted its holdings in shares of Texas Roadhouse by 13.9% during the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 55,711 shares of the restaurant operator's stock worth $10,130,000 after purchasing an additional 6,814 shares during the period. Finally, Machina Capital S.A.S. grew its stake in shares of Texas Roadhouse by 67.4% in the fourth 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. 94.82% of the stock is owned by institutional investors and hedge funds.

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Wall Street Analysts Forecast Growth

TXRH has been the subject of several analyst reports. Stephens lowered their target price on Texas Roadhouse from $186.00 to $180.00 and set an "equal weight" rating for the company in a research report on Friday, February 21st. Gordon Haskett downgraded Texas Roadhouse from a "buy" rating to a "hold" rating and set a $192.00 price objective for the company. in a research report on Wednesday, January 8th. Guggenheim reduced their target price on Texas Roadhouse from $205.00 to $200.00 and set a "buy" rating on the stock in a report on Thursday, February 27th. Citigroup raised their price target on shares of Texas Roadhouse from $212.00 to $213.00 and gave the stock a "buy" rating in a report on Friday, February 21st. Finally, The Goldman Sachs Group started coverage on shares of Texas Roadhouse in a research report on Thursday, December 5th. They issued a "neutral" rating and a $213.00 price target on the stock. Eleven investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $192.73.

Insider Activity at Texas Roadhouse

In other Texas Roadhouse news, President Regina A. Tobin sold 3,154 shares of Texas Roadhouse stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $185.64, for a total transaction of $585,508.56. Following the transaction, the president now owns 18,414 shares of the company's stock, valued at $3,418,374.96. This trade represents a 14.62 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Curtis Warfield sold 4,190 shares of the company's stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $178.80, for a total value of $749,172.00. Following the completion of the transaction, the director now directly owns 10,082 shares of the company's stock, valued at approximately $1,802,661.60. This represents a 29.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 17,905 shares of company stock valued at $3,198,367 over the last ninety days. Corporate insiders own 0.50% of the company's stock.

Texas Roadhouse Trading Down 4.3 %

Shares of TXRH traded down $7.61 on Thursday, reaching $167.78. The company's stock had a trading volume of 1,464,799 shares, compared to its average volume of 1,191,939. The firm has a fifty day moving average of $178.36 and a 200-day moving average of $181.16. The stock has a market capitalization of $11.15 billion, a PE ratio of 25.93, a PEG ratio of 1.23 and a beta of 1.00. Texas Roadhouse, Inc. has a twelve month low of $146.75 and a twelve month high of $206.04.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last announced 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. 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 the consensus estimate of $1.41 billion. As a group, equities analysts anticipate that Texas Roadhouse, Inc. will post 7.23 EPS for the current fiscal year.

Texas Roadhouse Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 18th will be issued a $0.68 dividend. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $2.72 annualized dividend and a dividend yield of 1.62%. This is an increase from Texas Roadhouse's previous quarterly dividend of $0.61. Texas Roadhouse's dividend payout ratio is currently 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.