Texas Roadhouse, Inc. (NASDAQ:TXRH) Stock Position Reduced by Savoir Faire Capital Management L.P.

Savoir Faire Capital Management L.P. reduced its position in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 17.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 17,546 shares of the restaurant operator's stock after selling 3,782 shares during the period. Savoir Faire Capital Management L.P.'s holdings in Texas Roadhouse were worth $3,099,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in shares of Texas Roadhouse by 0.8% during the first quarter. Vanguard Group Inc. now owns 6,476,056 shares of the restaurant operator's stock valued at $1,000,356,000 after purchasing an additional 53,419 shares during the last quarter. Geneva Capital Management LLC grew its stake in Texas Roadhouse by 0.4% during the 3rd quarter. Geneva Capital Management LLC now owns 922,405 shares of the restaurant operator's stock worth $162,897,000 after buying an additional 3,584 shares during the last quarter. AQR Capital Management LLC increased its position in Texas Roadhouse by 22.3% in the second quarter. AQR Capital Management LLC now owns 909,847 shares of the restaurant operator's stock worth $156,230,000 after buying an additional 165,738 shares during the period. Marshall Wace LLP lifted its stake in Texas Roadhouse by 128.9% in the second quarter. Marshall Wace LLP now owns 765,096 shares of the restaurant operator's stock valued at $131,375,000 after buying an additional 430,814 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in Texas Roadhouse by 0.3% in the second quarter. Bank of New York Mellon Corp now owns 744,624 shares of the restaurant operator's stock valued at $127,859,000 after buying an additional 2,578 shares during the last quarter. 94.82% of the stock is currently owned by institutional investors.

Texas Roadhouse Stock Down 1.1 %

Texas Roadhouse stock traded down $2.15 during mid-day trading on Tuesday, hitting $193.62. The company's stock had a trading volume of 486,305 shares, compared to its average volume of 770,633. The stock has a market capitalization of $12.92 billion, a P/E ratio of 33.26, a P/E/G ratio of 1.69 and a beta of 0.98. Texas Roadhouse, Inc. has a twelve month low of $109.13 and a twelve month high of $203.32. The stock's fifty day moving average price is $180.97 and its two-hundred day moving average price is $173.10.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last released its quarterly earnings data on Thursday, October 24th. The restaurant operator reported $1.26 earnings per share for the quarter, missing the consensus estimate of $1.32 by ($0.06). The company had revenue of $1.27 billion for the quarter, compared to the consensus estimate 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 was up 13.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.95 earnings per share. Equities analysts expect that Texas Roadhouse, Inc. will post 6.39 earnings per share for the current year.

Texas Roadhouse Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 10th will be paid a $0.61 dividend. The ex-dividend date 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 is currently 41.92%.

Insiders Place Their Bets

In other news, Director Donna E. Epps sold 610 shares of Texas Roadhouse stock in a transaction on Monday, November 11th. The stock was 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 approximately $691,071.12. The trade was a 14.73 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CTO Hernan E. Mujica sold 1,500 shares of the company's stock in a transaction 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 transaction, the chief technology officer now directly owns 16,342 shares in the company, valued at $3,305,332.92. The trade was a 8.41 % decrease in their ownership of the stock. 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 analyst reports. Bank of America increased their price objective on shares of Texas Roadhouse from $206.00 to $234.00 and gave the stock a "buy" rating in a report on Tuesday, October 22nd. BMO Capital Markets raised their price target on shares of Texas Roadhouse from $155.00 to $162.00 and gave the company a "market perform" rating in a research note on Friday, October 25th. Royal Bank of Canada boosted their price objective on Texas Roadhouse from $175.00 to $185.00 and gave the stock a "sector perform" rating in a research report on Friday, October 25th. UBS Group raised their target price on Texas Roadhouse from $200.00 to $210.00 and gave the company a "buy" rating in a research report on Friday, October 25th. Finally, BTIG Research lifted their target price on Texas Roadhouse from $175.00 to $190.00 and gave the company a "buy" rating in a research note on Friday, July 26th. Twelve investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, Texas Roadhouse presently has an average rating of "Hold" and a consensus price target 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.