Axiom Investors LLC DE Trims Stock Holdings in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Axiom Investors LLC DE trimmed its position in Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 11.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 57,255 shares of the restaurant operator's stock after selling 7,630 shares during the quarter. Axiom Investors LLC DE owned 0.09% of Texas Roadhouse worth $10,331,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Texas Roadhouse during the 4th quarter worth approximately $30,000. True Wealth Design LLC acquired a new position in Texas Roadhouse in the third quarter valued at about $30,000. SBI Securities Co. Ltd. bought a new stake in Texas Roadhouse during the fourth quarter worth about $36,000. MassMutual Private Wealth & Trust FSB increased its holdings in shares of Texas Roadhouse by 32.2% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 267 shares of the restaurant operator's stock worth $48,000 after buying an additional 65 shares in the last quarter. Finally, VisionPoint Advisory Group LLC bought a new position in shares of Texas Roadhouse in the fourth quarter valued at approximately $64,000. Institutional investors own 94.82% of the company's stock.

Texas Roadhouse Price Performance

Shares of NASDAQ TXRH traded down $4.83 during mid-day trading on Friday, hitting $162.23. 755,617 shares of the stock traded hands, compared to its average volume of 846,358. Texas Roadhouse, Inc. has a twelve month low of $146.75 and a twelve month high of $206.04. The firm has a 50 day simple moving average of $175.45 and a two-hundred day simple moving average of $181.68. The company has a market cap of $10.78 billion, a PE ratio of 24.99, a price-to-earnings-growth ratio of 1.23 and a beta of 1.00.

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Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The restaurant operator reported $1.73 earnings per share for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $1.41 billion. On average, equities research analysts anticipate that Texas Roadhouse, Inc. will post 7.23 earnings per share for the current fiscal year.

Texas Roadhouse Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 18th were given a dividend of $0.68 per share. The ex-dividend date was Tuesday, March 18th. This represents a $2.72 dividend on an annualized basis and a yield of 1.68%. This is a boost from Texas Roadhouse's previous quarterly dividend of $0.61. Texas Roadhouse's dividend payout ratio is 42.04%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. The Goldman Sachs Group began coverage on Texas Roadhouse in a research note on Thursday, December 5th. They issued a "neutral" rating and a $213.00 target price for the company. Morgan Stanley upgraded Texas Roadhouse from an "equal weight" rating to an "overweight" rating and raised their price target for the company from $205.00 to $213.00 in a report on Tuesday, January 21st. Guggenheim cut their target price on shares of Texas Roadhouse from $205.00 to $200.00 and set a "buy" rating on the stock in a research report on Thursday, February 27th. Citigroup increased their price objective on shares of Texas Roadhouse from $212.00 to $213.00 and gave the company a "buy" rating in a report on Friday, February 21st. Finally, Stifel Nicolaus dropped their target price on shares of Texas Roadhouse from $185.00 to $172.00 and set a "hold" rating for the company in a research report on Friday, February 21st. Eleven equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $193.36.

Insiders Place Their Bets

In other news, President Regina A. Tobin sold 3,154 shares of the business's stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $185.64, for a total transaction of $585,508.56. Following the completion of the sale, the president now owns 18,414 shares in the company, valued at $3,418,374.96. The trade was a 14.62 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Christopher C. Colson sold 1,370 shares of Texas Roadhouse stock in a transaction dated 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 owns 10,000 shares of the company's stock, valued at $1,794,600. This trade represents a 12.05 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 17,905 shares of company stock worth $3,198,367. Company 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.