AlphaQuest LLC Sells 3,049 Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH)

AlphaQuest LLC reduced its holdings in Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 52.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,761 shares of the restaurant operator's stock after selling 3,049 shares during the quarter. AlphaQuest LLC's holdings in Texas Roadhouse were worth $498,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. Assetmark Inc. increased its holdings in shares of Texas Roadhouse by 1,042.2% during the third quarter. Assetmark Inc. now owns 9,709 shares of the restaurant operator's stock valued at $1,715,000 after acquiring an additional 8,859 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. increased its holdings in shares of Texas Roadhouse by 10.3% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 13,054 shares of the restaurant operator's stock valued at $2,305,000 after acquiring an additional 1,221 shares in the last quarter. Aptus Capital Advisors LLC increased its holdings in shares of Texas Roadhouse by 15.6% during the third quarter. Aptus Capital Advisors LLC now owns 54,671 shares of the restaurant operator's stock valued at $9,655,000 after acquiring an additional 7,378 shares in the last quarter. Victory Capital Management Inc. increased its holdings in shares of Texas Roadhouse by 194.9% during the third quarter. Victory Capital Management Inc. now owns 67,733 shares of the restaurant operator's stock valued at $11,962,000 after acquiring an additional 44,768 shares in the last quarter. Finally, MQS Management LLC bought a new stake in shares of Texas Roadhouse during the third quarter valued at approximately $234,000. 94.82% of the stock is currently owned by institutional investors.

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Analysts Set New Price Targets

Several brokerages recently issued reports on TXRH. Morgan Stanley upgraded Texas Roadhouse from an "equal weight" rating to an "overweight" rating and upped their price target for the stock from $205.00 to $213.00 in a report on Tuesday, January 21st. Stephens decreased their price target on Texas Roadhouse from $186.00 to $180.00 and set an "equal weight" rating for the company in a report on Friday, February 21st. Wedbush decreased their price target on Texas Roadhouse from $220.00 to $200.00 and set an "outperform" rating for the company in a report on Friday, February 21st. Guggenheim decreased their price target on Texas Roadhouse from $205.00 to $200.00 and set a "buy" rating for the company in a report on Thursday, February 27th. Finally, The Goldman Sachs Group began coverage on Texas Roadhouse in a report on Thursday, December 5th. They set a "neutral" rating and a $213.00 price target for the company. Eleven investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $192.73.

Texas Roadhouse Price Performance

Shares of NASDAQ TXRH traded up $4.71 during trading on Friday, reaching $172.49. 1,183,557 shares of the stock traded hands, compared to its average volume of 1,191,771. Texas Roadhouse, Inc. has a 52-week low of $146.75 and a 52-week high of $206.04. The company has a 50-day moving average of $177.89 and a 200-day moving average of $181.19. The stock has a market capitalization of $11.46 billion, a P/E ratio of 26.66, a price-to-earnings-growth ratio of 1.23 and a beta of 1.00.

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

Texas Roadhouse Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Tuesday, March 18th will be issued 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 is Tuesday, March 18th. This represents a $2.72 dividend on an annualized basis and a yield of 1.58%. Texas Roadhouse's dividend payout ratio is 42.04%.

Insider Buying and Selling

In other Texas Roadhouse news, President Regina A. Tobin sold 3,154 shares of the company's stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $185.64, for a total value of $585,508.56. Following the transaction, the president now directly owns 18,414 shares in the company, valued at $3,418,374.96. This represents a 14.62 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Christopher C. Colson sold 580 shares of the company's stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $181.94, for a total value of $105,525.20. Following the completion of the transaction, the insider now owns 12,000 shares in the company, valued at $2,183,280. This represents a 4.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 17,905 shares of company stock valued at $3,198,367. Corporate insiders own 0.50% of the company's stock.

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.