Grandeur Peak Global Advisors LLC Decreases Stock Holdings in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Grandeur Peak Global Advisors LLC cut its position in Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 11.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,231 shares of the restaurant operator's stock after selling 4,006 shares during the quarter. Grandeur Peak Global Advisors LLC's holdings in Texas Roadhouse were worth $5,815,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in Texas Roadhouse by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 6,540,615 shares of the restaurant operator's stock valued at $1,180,123,000 after acquiring an additional 76,051 shares during the last quarter. Invesco Ltd. increased its position in shares of Texas Roadhouse by 5.9% during the 4th quarter. Invesco Ltd. now owns 2,479,323 shares of the restaurant operator's stock valued at $447,344,000 after purchasing an additional 138,675 shares during the last quarter. FMR LLC lifted its position in Texas Roadhouse by 44.8% in the 4th quarter. FMR LLC now owns 1,300,987 shares of the restaurant operator's stock worth $234,737,000 after buying an additional 402,465 shares during the last quarter. Geode Capital Management LLC boosted its stake in Texas Roadhouse by 0.5% in the fourth quarter. Geode Capital Management LLC now owns 1,207,645 shares of the restaurant operator's stock worth $217,959,000 after buying an additional 6,004 shares in the last quarter. Finally, Barclays PLC grew its position in Texas Roadhouse by 14.4% during the third quarter. Barclays PLC now owns 1,180,842 shares of the restaurant operator's stock valued at $208,539,000 after acquiring an additional 148,462 shares during the last quarter. 94.82% of the stock is owned by institutional investors.

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Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on TXRH. Royal Bank of Canada cut their price objective on shares of Texas Roadhouse from $200.00 to $180.00 and set a "sector perform" rating for the company in a research note on Friday, February 21st. Robert W. Baird set a $180.00 price objective on Texas Roadhouse and gave the company an "outperform" rating in a research note on Monday, April 7th. JPMorgan Chase & Co. lowered their target price on Texas Roadhouse from $185.00 to $184.00 and set a "neutral" rating for the company in a research note on Thursday, March 20th. Stephens reduced their price target on Texas Roadhouse from $186.00 to $180.00 and set an "equal weight" rating on the stock in a research report on Friday, February 21st. Finally, Stifel Nicolaus dropped their price objective on Texas Roadhouse from $172.00 to $170.00 and set a "hold" rating for the company in a research note on Tuesday. Ten investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $192.14.

Insiders Place Their Bets

In other news, Director Curtis Warfield sold 3,281 shares of Texas Roadhouse stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $183.67, for a total value of $602,621.27. Following the completion of the transaction, the director now owns 6,801 shares of the company's stock, valued at $1,249,139.67. The trade was a 32.54 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Gregory N. Moore sold 2,700 shares of the stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $168.26, for a total transaction of $454,302.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 16,535 shares of company stock valued at $2,952,507. 0.50% of the stock is currently owned by corporate insiders.

Texas Roadhouse Stock Down 1.5 %

Shares of NASDAQ:TXRH traded down $2.50 during midday trading on Wednesday, reaching $160.51. The company's stock had a trading volume of 793,164 shares, compared to its average volume of 871,056. The firm has a 50 day moving average of $171.25 and a 200-day moving average of $180.89. The firm has a market capitalization of $10.67 billion, a P/E ratio of 24.81, a PEG ratio of 1.23 and a beta of 0.88. Texas Roadhouse, Inc. has a 12-month low of $146.79 and a 12-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 earnings per share for the quarter, topping 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 for the quarter, compared to analysts' expectations of $1.41 billion. On average, research analysts predict that Texas Roadhouse, Inc. will post 7.23 EPS for the current year.

Texas Roadhouse Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 18th were paid a dividend of $0.68 per share. This is a boost from Texas Roadhouse's previous quarterly dividend of $0.61. The ex-dividend date of this dividend was Tuesday, March 18th. This represents a $2.72 dividend on an annualized basis and a yield of 1.69%. Texas Roadhouse's 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.