Texas Roadhouse, Inc. (NASDAQ:TXRH) Stake Cut by Sib LLC

Sib LLC decreased its stake in Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 13.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 183,186 shares of the restaurant operator's stock after selling 29,130 shares during the period. Texas Roadhouse accounts for approximately 17.4% of Sib LLC's holdings, making the stock its largest position. Sib LLC owned approximately 0.27% of Texas Roadhouse worth $33,052,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of TXRH. Hollencrest Capital Management acquired a new stake in Texas Roadhouse during the 2nd quarter worth approximately $25,000. True Wealth Design LLC bought a new position in Texas Roadhouse during the 3rd quarter worth $30,000. PSI Advisors LLC lifted its holdings in shares of Texas Roadhouse by 70.8% during the third quarter. PSI Advisors LLC now owns 181 shares of the restaurant operator's stock worth $32,000 after buying an additional 75 shares in the last quarter. UMB Bank n.a. boosted its position in shares of Texas Roadhouse by 118.6% in the third quarter. UMB Bank n.a. now owns 258 shares of the restaurant operator's stock valued at $46,000 after acquiring an additional 140 shares during the period. Finally, Canada Pension Plan Investment Board acquired a new position in shares of Texas Roadhouse in the second quarter valued at about $52,000. Institutional investors and hedge funds own 94.82% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the stock. Evercore ISI boosted their price objective on shares of Texas Roadhouse from $195.00 to $200.00 and gave the company an "outperform" rating in a report on Tuesday, October 15th. Barclays raised their price objective on Texas Roadhouse from $160.00 to $175.00 and gave the stock an "equal weight" rating in a research note on Friday, October 25th. Citigroup upped their target price on Texas Roadhouse from $192.00 to $201.00 and gave the company a "buy" rating in a research report on Tuesday, October 1st. BMO Capital Markets boosted their price target on Texas Roadhouse from $155.00 to $162.00 and gave the company a "market perform" rating in a research note on Friday, October 25th. Finally, Robert W. Baird increased their price objective on shares of Texas Roadhouse from $190.00 to $205.00 and gave the stock an "outperform" rating in a research note on Friday, October 25th. Fourteen analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $190.91.

Insider Activity

In related news, CTO Hernan E. Mujica sold 1,500 shares of Texas Roadhouse 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 sale, the chief technology officer now owns 16,342 shares of the company's stock, valued at approximately $3,305,332.92. This trade represents a 8.41 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Christopher C. Colson sold 1,370 shares of the stock in a transaction that occurred 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 transaction, the insider now directly owns 10,000 shares of the company's stock, valued at $1,794,600. The trade was a 12.05 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 3,480 shares of company stock valued at $668,603. Company insiders own 0.50% of the company's stock.

Texas Roadhouse Trading Up 0.4 %

Shares of NASDAQ TXRH traded up $0.63 during midday trading on Friday, hitting $178.95. The company's stock had a trading volume of 826,337 shares, compared to its average volume of 562,089. Texas Roadhouse, Inc. has a 12-month low of $117.98 and a 12-month high of $206.04. The firm has a market cap of $11.94 billion, a P/E ratio of 30.75, a price-to-earnings-growth ratio of 1.34 and a beta of 1.01. The business's 50 day moving average is $189.06 and its two-hundred day moving average is $178.83.

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 (EPS) for the quarter, missing analysts' consensus estimates of $1.32 by ($0.06). The business had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.27 billion. Texas Roadhouse had a net margin of 7.65% and a return on equity of 31.33%. Texas Roadhouse's revenue for the quarter was up 13.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.95 earnings per share. On average, analysts predict that Texas Roadhouse, Inc. will post 6.4 earnings per share for the current fiscal year.

Texas Roadhouse Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 10th were paid a dividend of $0.61 per share. The ex-dividend date was Tuesday, December 10th. This represents a $2.44 annualized dividend and a yield of 1.36%. Texas Roadhouse's payout ratio is presently 41.92%.

Texas Roadhouse 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.