Nordea Investment Management AB Lowers Stock Position in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Nordea Investment Management AB reduced its stake in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 48.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 513,483 shares of the restaurant operator's stock after selling 479,325 shares during the period. Nordea Investment Management AB owned 0.77% of Texas Roadhouse worth $93,346,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Hantz Financial Services Inc. boosted its holdings in shares of Texas Roadhouse by 8,594.4% during the 3rd quarter. Hantz Financial Services Inc. now owns 3,130 shares of the restaurant operator's stock worth $553,000 after purchasing an additional 3,094 shares during the last quarter. Massachusetts Financial Services Co. MA acquired a new position in Texas Roadhouse in the third quarter valued at approximately $17,853,000. Victory Capital Management Inc. lifted its holdings in Texas Roadhouse by 194.9% in the third quarter. Victory Capital Management Inc. now owns 67,733 shares of the restaurant operator's stock valued at $11,962,000 after acquiring an additional 44,768 shares during the last quarter. Thrivent Financial for Lutherans lifted its holdings in Texas Roadhouse by 0.9% in the third quarter. Thrivent Financial for Lutherans now owns 483,045 shares of the restaurant operator's stock valued at $85,306,000 after acquiring an additional 4,391 shares during the last quarter. Finally, Captrust Financial Advisors lifted its holdings in Texas Roadhouse by 72.8% in the third quarter. Captrust Financial Advisors now owns 15,727 shares of the restaurant operator's stock valued at $2,777,000 after acquiring an additional 6,624 shares during the last quarter. 94.82% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Texas Roadhouse news, Director Donna E. Epps sold 610 shares of Texas Roadhouse stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $195.66, for a total value of $119,352.60. Following the sale, the director now owns 3,532 shares of the company's stock, valued at approximately $691,071.12. The trade was a 14.73 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CTO Hernan E. Mujica sold 1,500 shares of Texas Roadhouse stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $202.26, for a total value of $303,390.00. Following the completion of the sale, the chief technology officer now directly owns 16,342 shares in the company, valued at $3,305,332.92. This represents a 8.41 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.50% of the company's stock.

Wall Street Analysts Forecast Growth

TXRH has been the topic of a number of recent analyst reports. Wedbush reiterated an "outperform" rating and issued a $200.00 price objective on shares of Texas Roadhouse in a report on Thursday, December 19th. Truist Financial boosted their target price on Texas Roadhouse from $202.00 to $207.00 and gave the company a "buy" rating in a research report on Friday, October 25th. Bank of America boosted their target price on Texas Roadhouse from $206.00 to $234.00 and gave the company a "buy" rating in a research report on Tuesday, October 22nd. Evercore ISI boosted their target price on Texas Roadhouse from $195.00 to $200.00 and gave the company an "outperform" rating in a research report on Tuesday, October 15th. Finally, Barclays boosted their target price on Texas Roadhouse from $160.00 to $175.00 and gave the company an "equal weight" rating in a research report on Friday, October 25th. Thirteen 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, the stock has a consensus rating of "Hold" and a consensus price target of $190.09.

Texas Roadhouse Stock Up 0.2 %

Texas Roadhouse stock traded up $0.30 during midday trading on Tuesday, reaching $181.27. The company's stock had a trading volume of 980,333 shares, compared to its average volume of 725,709. The business has a 50-day simple moving average of $191.32 and a 200-day simple moving average of $178.32. The company has a market cap of $12.09 billion, a P/E ratio of 31.15, a P/E/G ratio of 1.59 and a beta of 1.01. Texas Roadhouse, Inc. has a fifty-two week low of $115.48 and a fifty-two week high of $206.04.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last issued its quarterly earnings data on Thursday, October 24th. The restaurant operator reported $1.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.32 by ($0.06). The firm had revenue of $1.27 billion for the quarter, compared to analysts' expectations of $1.27 billion. Texas Roadhouse had a return on equity of 31.33% and a net margin of 7.65%. The business's revenue for the quarter was up 13.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.95 EPS. As a group, equities analysts forecast that Texas Roadhouse, Inc. will post 6.39 earnings per share for the current year.

Texas Roadhouse Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 10th were issued a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a dividend yield of 1.35%. The ex-dividend date of this dividend was Tuesday, December 10th. Texas Roadhouse's payout ratio is 41.92%.

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.