Renaissance Technologies LLC Has $123.07 Million Stock Position in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Renaissance Technologies LLC cut its stake in Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 6.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 682,072 shares of the restaurant operator's stock after selling 44,900 shares during the period. Renaissance Technologies LLC owned 1.02% of Texas Roadhouse worth $123,066,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. HighTower Advisors LLC boosted its position in Texas Roadhouse by 1.7% during the 3rd quarter. HighTower Advisors LLC now owns 8,244 shares of the restaurant operator's stock worth $1,468,000 after acquiring an additional 135 shares during the period. Integrated Wealth Concepts LLC acquired a new position in Texas Roadhouse during the 3rd quarter valued at about $214,000. Stifel Financial Corp raised its position in shares of Texas Roadhouse by 31.5% during the 3rd quarter. Stifel Financial Corp now owns 27,857 shares of the restaurant operator's stock worth $4,919,000 after buying an additional 6,673 shares in the last quarter. State Street Corp lifted its stake in shares of Texas Roadhouse by 2.0% in the 3rd quarter. State Street Corp now owns 1,982,848 shares of the restaurant operator's stock worth $350,171,000 after acquiring an additional 38,723 shares during the period. Finally, XTX Topco Ltd boosted its holdings in shares of Texas Roadhouse by 36.8% in the third quarter. XTX Topco Ltd now owns 7,079 shares of the restaurant operator's stock valued at $1,250,000 after acquiring an additional 1,904 shares in the last quarter. 94.82% of the stock is currently owned by institutional investors.

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Texas Roadhouse Trading Up 0.6 %

NASDAQ:TXRH traded up $0.99 during trading hours on Monday, hitting $161.16. 322,584 shares of the company traded hands, compared to its average volume of 1,187,037. The stock has a market capitalization of $10.71 billion, a price-to-earnings ratio of 24.91, a P/E/G ratio of 1.23 and a beta of 0.88. The firm has a 50-day moving average of $171.92 and a 200 day moving average of $181.09. Texas Roadhouse, Inc. has a twelve month low of $146.79 and a twelve month 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 EPS for the quarter, beating analysts' consensus estimates of $1.66 by $0.07. Texas Roadhouse had a net margin of 8.07% and a return on equity of 34.02%. The business had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.41 billion. Equities research analysts predict that Texas Roadhouse, Inc. will post 7.23 earnings per share for the current fiscal year.

Texas Roadhouse Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 18th were issued a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a dividend yield of 1.69%. The ex-dividend date was Tuesday, March 18th. This is a positive change from Texas Roadhouse's previous quarterly dividend of $0.61. Texas Roadhouse's dividend payout ratio (DPR) is presently 42.04%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Stephens lowered their target price on Texas Roadhouse from $186.00 to $180.00 and set an "equal weight" rating on the stock in a report on Friday, February 21st. Guggenheim reduced their target price on Texas Roadhouse from $205.00 to $200.00 and set a "buy" rating for the company in a report on Thursday, February 27th. Morgan Stanley raised shares of Texas Roadhouse from an "equal weight" rating to an "overweight" rating and increased their price target for the stock from $205.00 to $213.00 in a research report on Tuesday, January 21st. Truist Financial cut their target price on shares of Texas Roadhouse from $209.00 to $205.00 and set a "buy" rating for the company in a research report on Friday, February 21st. Finally, Citigroup lifted their price objective on Texas Roadhouse from $212.00 to $213.00 and gave the company a "buy" rating in a research report on Friday, February 21st. Ten research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $192.23.

Insider Activity

In other Texas Roadhouse news, Director Curtis Warfield sold 4,190 shares of the business's stock in a transaction 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 sale, the director now owns 10,082 shares of the company's stock, valued at $1,802,661.60. The trade was a 29.36 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, President Regina A. Tobin sold 3,154 shares of the firm's stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $185.64, for a total transaction of $585,508.56. Following the transaction, the president now directly owns 18,414 shares of the company's stock, valued at $3,418,374.96. The trade was a 14.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 16,535 shares of company stock worth $2,952,507. Company insiders own 0.50% of the company's stock.

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.