Fox Run Management L.L.C. Sells 1,831 Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH)

Fox Run Management L.L.C. reduced its holdings in Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 53.8% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 1,573 shares of the restaurant operator's stock after selling 1,831 shares during the quarter. Fox Run Management L.L.C.'s holdings in Texas Roadhouse were worth $284,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TXRH. FMR LLC grew its stake in shares of Texas Roadhouse by 81.6% in the third quarter. FMR LLC now owns 898,522 shares of the restaurant operator's stock worth $158,679,000 after purchasing an additional 403,720 shares during the last quarter. Franklin Resources Inc. grew its position in shares of Texas Roadhouse by 76.0% in the 3rd quarter. Franklin Resources Inc. now owns 893,925 shares of the restaurant operator's stock valued at $157,375,000 after buying an additional 385,998 shares during the last quarter. Erste Asset Management GmbH acquired a new stake in shares of Texas Roadhouse in the third quarter valued at about $66,609,000. Raymond James Financial Inc. bought a new position in shares of Texas Roadhouse during the fourth quarter worth about $55,177,000. Finally, Bank of Montreal Can lifted its stake in shares of Texas Roadhouse by 2,216.1% in the third quarter. Bank of Montreal Can now owns 176,280 shares of the restaurant operator's stock worth $30,831,000 after acquiring an additional 168,669 shares during the period. 94.82% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

TXRH has been the subject of a number of recent analyst reports. Stephens decreased their target price on shares of Texas Roadhouse from $186.00 to $180.00 and set an "equal weight" rating for the company in a research report on Friday, February 21st. Guggenheim decreased their price objective on shares of Texas Roadhouse from $205.00 to $200.00 and set a "buy" rating for the company in a research report on Thursday, February 27th. Wedbush boosted their target price on shares of Texas Roadhouse from $200.00 to $210.00 and gave the company an "outperform" rating in a report on Friday. Truist Financial cut 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, Royal Bank of Canada lowered their price objective on Texas Roadhouse from $200.00 to $180.00 and set a "sector perform" 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 assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $193.36.

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Texas Roadhouse Stock Performance

Shares of Texas Roadhouse stock traded down $4.32 on Monday, hitting $166.74. The company had a trading volume of 847,891 shares, compared to its average volume of 837,467. The stock has a market capitalization of $11.08 billion, a price-to-earnings ratio of 25.71, a P/E/G 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 50 day moving average of $176.36 and a 200-day moving average of $181.78.

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 for the quarter, beating the consensus estimate 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%. Equities analysts anticipate that Texas Roadhouse, Inc. will post 7.23 earnings per share for the current year.

Texas Roadhouse Increases Dividend

The company also recently declared 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. The ex-dividend date is Tuesday, March 18th. This is a boost from Texas Roadhouse's previous quarterly dividend of $0.61. This represents a $2.72 annualized dividend and a yield of 1.63%. Texas Roadhouse's payout ratio is 42.04%.

Insiders Place Their Bets

In other news, insider Christopher C. Colson sold 580 shares of the company's stock in a transaction that occurred on 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 directly owns 12,000 shares of the company's stock, valued at $2,183,280. This represents a 4.61 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, President Regina A. Tobin sold 3,154 shares of the stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $185.64, for a total value of $585,508.56. Following the sale, the president now directly owns 18,414 shares of the company's stock, valued at $3,418,374.96. The trade was a 14.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 17,905 shares of company stock valued at $3,198,367. Corporate insiders own 0.50% of the company's stock.

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.