Sei Investments Co. Has $27.16 Million Position in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Sei Investments Co. lowered its stake in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 4.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 150,554 shares of the restaurant operator's stock after selling 6,343 shares during the quarter. Sei Investments Co. owned about 0.23% of Texas Roadhouse worth $27,164,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. 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 buying an additional 3,094 shares during the period. Massachusetts Financial Services Co. MA acquired a new position in Texas Roadhouse during the 3rd quarter worth $17,853,000. Chase Investment Counsel Corp bought a new stake in Texas Roadhouse during the fourth quarter valued at about $316,000. Raymond James Financial Inc. acquired a new stake in shares of Texas Roadhouse in the fourth quarter valued at about $55,177,000. Finally, First Hawaiian Bank acquired a new stake in shares of Texas Roadhouse in the fourth quarter valued at about $1,554,000. Institutional investors and hedge funds own 94.82% of the company's stock.

Analysts Set New Price Targets

TXRH has been the subject of several recent analyst reports. The Goldman Sachs Group initiated coverage on Texas Roadhouse in a research note on Thursday, December 5th. They set a "neutral" rating and a $213.00 target price for the company. Royal Bank of Canada lowered their price objective on shares of Texas Roadhouse from $200.00 to $180.00 and set a "sector perform" rating on the stock in a research note on Friday, February 21st. Barclays cut their target price on shares of Texas Roadhouse from $194.00 to $178.00 and set an "equal weight" rating for the company in a research note on Friday, February 21st. Truist Financial decreased their price target on shares of Texas Roadhouse from $209.00 to $205.00 and set a "buy" rating on the stock in a research report on Friday, February 21st. Finally, JPMorgan Chase & Co. cut their price objective on shares of Texas Roadhouse from $185.00 to $184.00 and set a "neutral" rating for the company in a research report on Thursday, March 20th. Eleven research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $193.36.

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Insider Activity

In other Texas Roadhouse news, Director Curtis Warfield sold 4,190 shares of the stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $178.80, for a total value of $749,172.00. Following the transaction, the director now directly owns 10,082 shares in the company, valued at approximately $1,802,661.60. This trade represents a 29.36 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Christopher C. Colson sold 1,370 shares of Texas Roadhouse stock in a transaction on Friday, January 10th. The shares were sold at an average price of $179.46, for a total value of $245,860.20. Following the completion of the sale, the insider now directly owns 10,000 shares of the company's stock, valued at $1,794,600. This trade represents a 12.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 17,905 shares of company stock worth $3,198,367. 0.50% of the stock is owned by corporate insiders.

Texas Roadhouse Stock Down 2.1 %

NASDAQ:TXRH traded down $3.69 on Friday, reaching $171.05. The stock had a trading volume of 951,167 shares, compared to its average volume of 837,276. The company has a market capitalization of $11.37 billion, a P/E ratio of 26.44, a price-to-earnings-growth ratio of 1.23 and a beta of 1.00. Texas Roadhouse, Inc. has a 1-year low of $146.75 and a 1-year high of $206.04. The stock has a fifty day moving average price of $176.36 and a 200-day moving average price of $181.65.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last announced its earnings results on Thursday, February 20th. The restaurant operator reported $1.73 EPS for the quarter, topping the consensus estimate of $1.66 by $0.07. Texas Roadhouse had a return on equity of 34.02% and a net margin of 8.07%. The business had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.41 billion. Sell-side analysts predict that Texas Roadhouse, Inc. will post 7.23 earnings per share for the current fiscal year.

Texas Roadhouse Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 18th will be issued a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a dividend yield of 1.59%. The ex-dividend date of this dividend is Tuesday, March 18th. This is a boost from Texas Roadhouse's previous quarterly dividend of $0.61. Texas Roadhouse's dividend payout ratio is presently 42.04%.

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.