Quest Partners LLC Sells 5,657 Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH)

Quest Partners LLC trimmed its stake in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 49.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,810 shares of the restaurant operator's stock after selling 5,657 shares during the period. Quest Partners LLC's holdings in Texas Roadhouse were worth $1,026,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Marshall Wace LLP increased its stake in shares of Texas Roadhouse by 128.9% during the 2nd quarter. Marshall Wace LLP now owns 765,096 shares of the restaurant operator's stock worth $131,375,000 after purchasing an additional 430,814 shares during the last quarter. Fiera Capital Corp bought a new position in Texas Roadhouse during the third quarter worth $41,670,000. AQR Capital Management LLC increased its holdings in shares of Texas Roadhouse by 22.3% in the second quarter. AQR Capital Management LLC now owns 909,847 shares of the restaurant operator's stock valued at $156,230,000 after purchasing an additional 165,738 shares during the last quarter. Davidson Kempner Capital Management LP bought a new position in shares of Texas Roadhouse in the second quarter valued at about $21,462,000. Finally, Millennium Management LLC lifted its stake in shares of Texas Roadhouse by 25.0% during the 2nd quarter. Millennium Management LLC now owns 583,009 shares of the restaurant operator's stock worth $100,108,000 after buying an additional 116,721 shares during the last quarter. 94.82% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Texas Roadhouse

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

Texas Roadhouse Trading Down 0.1 %

Shares of TXRH opened at $193.41 on Thursday. The company has a market capitalization of $12.90 billion, a PE ratio of 33.23, a PEG ratio of 1.65 and a beta of 0.98. The stock's 50-day moving average price is $181.64 and its two-hundred day moving average price is $173.31. Texas Roadhouse, Inc. has a 12 month low of $109.86 and a 12 month high of $203.32.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last released its earnings results on Thursday, October 24th. The restaurant operator reported $1.26 earnings per share for the quarter, missing analysts' consensus estimates of $1.32 by ($0.06). The firm had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.27 billion. Texas Roadhouse had a net margin of 7.65% and a return on equity of 31.33%. The business's revenue for the quarter was up 13.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.95 EPS. Equities research analysts predict that Texas Roadhouse, Inc. will post 6.39 EPS for the current fiscal year.

Texas Roadhouse Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 10th will be given a dividend of $0.61 per share. The ex-dividend date of this dividend is Tuesday, December 10th. This represents a $2.44 dividend on an annualized basis and a yield of 1.26%. Texas Roadhouse's dividend payout ratio (DPR) is currently 41.92%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on TXRH. Morgan Stanley raised their price objective on shares of Texas Roadhouse from $200.00 to $205.00 and gave the stock an "equal weight" rating in a research report on Friday, October 25th. Barclays boosted their price target on Texas Roadhouse from $160.00 to $175.00 and gave the company an "equal weight" rating in a research note on Friday, October 25th. Loop Capital lowered their price objective on Texas Roadhouse from $215.00 to $209.00 and set a "buy" rating on the stock in a research report on Monday, October 28th. Stephens boosted their target price on shares of Texas Roadhouse from $170.00 to $176.00 and gave the company an "equal weight" rating in a research report on Monday, July 29th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Texas Roadhouse from $184.00 to $180.00 and set a "neutral" rating for the company in a research note on Monday, July 29th. Twelve equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, Texas Roadhouse currently has a consensus rating of "Hold" and an average target price of $189.00.

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.