Prospector Partners LLC Sells 15,138 Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH)

Prospector Partners LLC lessened its position in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 27.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 39,161 shares of the restaurant operator's stock after selling 15,138 shares during the period. Prospector Partners LLC owned approximately 0.06% of Texas Roadhouse worth $7,066,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. Federated Hermes Inc. boosted its stake in Texas Roadhouse by 19.8% in the fourth quarter. Federated Hermes Inc. now owns 356,472 shares of the restaurant operator's stock valued at $64,318,000 after buying an additional 59,031 shares in the last quarter. Russell Investments Group Ltd. lifted its holdings in shares of Texas Roadhouse by 2.2% in the fourth quarter. Russell Investments Group Ltd. now owns 83,629 shares of the restaurant operator's stock worth $15,089,000 after acquiring an additional 1,835 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of Texas Roadhouse by 1.6% in the 4th quarter. Envestnet Asset Management Inc. now owns 203,441 shares of the restaurant operator's stock valued at $36,707,000 after purchasing an additional 3,186 shares in the last quarter. Dynamic Technology Lab Private Ltd grew its holdings in shares of Texas Roadhouse by 12.7% during the 4th quarter. Dynamic Technology Lab Private Ltd now owns 11,771 shares of the restaurant operator's stock valued at $2,124,000 after purchasing an additional 1,323 shares during the last quarter. Finally, Savoir Faire Capital Management L.P. increased its position in Texas Roadhouse by 43.0% during the 4th quarter. Savoir Faire Capital Management L.P. now owns 25,093 shares of the restaurant operator's stock worth $4,528,000 after purchasing an additional 7,547 shares in the last quarter. Institutional investors and hedge funds own 94.82% of the company's stock.

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Texas Roadhouse Stock Performance

Shares of TXRH stock traded down $1.91 during mid-day trading on Friday, hitting $159.81. The company's stock had a trading volume of 451,694 shares, compared to its average volume of 863,097. The company has a market cap of $10.62 billion, a PE ratio of 24.55, a P/E/G ratio of 1.23 and a beta of 0.88. The company's fifty day simple moving average is $172.35 and its 200-day simple moving average is $181.19. Texas Roadhouse, Inc. has a 52 week low of $146.79 and a 52 week high of $206.04.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last issued 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 business had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.41 billion. Texas Roadhouse had a return on equity of 34.02% and a net margin of 8.07%. On average, equities 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 announced a quarterly dividend, which was paid on Tuesday, April 1st. Investors 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 positive change from Texas Roadhouse's previous quarterly dividend of $0.61. This represents a $2.72 annualized dividend and a yield of 1.70%. Texas Roadhouse's dividend payout ratio is currently 42.04%.

Insiders Place Their Bets

In related news, Director Curtis Warfield sold 3,281 shares of the company's stock in a transaction that occurred 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 transaction, the director now directly owns 6,801 shares of the company's stock, valued at approximately $1,249,139.67. This represents a 32.54 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Regina A. Tobin sold 3,154 shares of the stock in a transaction that occurred on Wednesday, March 5th. The stock was 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 owns 18,414 shares in the company, valued at approximately $3,418,374.96. The trade was a 14.62 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 16,535 shares of company stock worth $2,952,507. 0.50% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on TXRH. Wedbush raised their target price on shares of Texas Roadhouse from $200.00 to $210.00 and gave the company an "outperform" rating in a research report on Friday, March 28th. Robert W. Baird set a $180.00 price objective on Texas Roadhouse and gave the company an "outperform" rating in a report on Monday. Morgan Stanley raised Texas Roadhouse from an "equal weight" rating to an "overweight" rating and upped their target price for the stock from $205.00 to $213.00 in a report on Tuesday, January 21st. JPMorgan Chase & Co. cut their price target on Texas Roadhouse from $185.00 to $184.00 and set a "neutral" rating on the stock in a research note on Thursday, March 20th. Finally, Royal Bank of Canada lowered their price objective on Texas Roadhouse from $200.00 to $180.00 and set a "sector perform" rating for the company in a research note on Friday, February 21st. Ten research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $192.23.

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.