Geneva Capital Management LLC Sells 14,236 Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH)

Geneva Capital Management LLC cut its holdings in Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 1.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 908,169 shares of the restaurant operator's stock after selling 14,236 shares during the quarter. Texas Roadhouse comprises about 2.8% of Geneva Capital Management LLC's investment portfolio, making the stock its 8th biggest holding. Geneva Capital Management LLC owned 1.36% of Texas Roadhouse worth $163,861,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Inceptionr LLC bought a new stake in shares of Texas Roadhouse in the 4th quarter worth approximately $923,000. Raymond James Financial Inc. bought a new position in shares of Texas Roadhouse in the fourth quarter valued at $55,177,000. Arizona State Retirement System lifted its position in shares of Texas Roadhouse by 0.6% during the 4th quarter. Arizona State Retirement System now owns 19,339 shares of the restaurant operator's stock valued at $3,489,000 after acquiring an additional 107 shares during the last quarter. Assetmark Inc. boosted its stake in shares of Texas Roadhouse by 5.3% during the 4th quarter. Assetmark Inc. now owns 10,222 shares of the restaurant operator's stock worth $1,844,000 after acquiring an additional 513 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its stake in shares of Texas Roadhouse by 173.1% during the 4th quarter. Victory Capital Management Inc. now owns 185,009 shares of the restaurant operator's stock worth $33,381,000 after acquiring an additional 117,276 shares in the last quarter. 94.82% of the stock is owned by institutional investors and hedge funds.

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Analyst Upgrades and Downgrades

TXRH has been the subject of several analyst reports. Morgan Stanley raised Texas Roadhouse from an "equal weight" rating to an "overweight" rating and upped their target price for the company from $205.00 to $213.00 in a report on Tuesday, January 21st. Barclays reduced their price objective on shares of Texas Roadhouse from $194.00 to $178.00 and set an "equal weight" rating for the company in a research note on Friday, February 21st. The Goldman Sachs Group began coverage on shares of Texas Roadhouse in a report on Thursday, December 5th. They issued a "neutral" rating and a $213.00 target price for the company. Citigroup boosted their price target 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 decreased their price objective on shares of Texas Roadhouse from $185.00 to $172.00 and set a "hold" rating for the company in a research note on Friday, February 21st. Eleven investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $192.73.

Texas Roadhouse Price Performance

Shares of TXRH stock traded down $0.70 on Monday, hitting $178.33. The company's stock had a trading volume of 1,819,961 shares, compared to its average volume of 1,184,028. The stock has a market capitalization of $11.90 billion, a price-to-earnings ratio of 27.56, a P/E/G ratio of 1.23 and a beta of 1.00. Texas Roadhouse, Inc. has a fifty-two week low of $146.75 and a fifty-two week high of $206.04. The firm's fifty day moving average price is $178.57 and its 200-day moving average price is $181.07.

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

Texas Roadhouse Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 18th will be issued a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a yield of 1.53%. The ex-dividend date of this dividend is Tuesday, March 18th. This is an increase from Texas Roadhouse's previous quarterly dividend of $0.61. Texas Roadhouse's dividend payout ratio (DPR) is 42.04%.

Insider Activity

In related news, President Regina A. Tobin sold 3,154 shares of the firm's stock in a transaction 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 transaction, the president now directly owns 18,414 shares in the company, valued at approximately $3,418,374.96. This trade represents a 14.62 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Curtis Warfield sold 3,281 shares of the business's stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $183.67, for a total transaction of $602,621.27. Following the transaction, the director now directly owns 6,801 shares of the company's stock, valued at approximately $1,249,139.67. This represents a 32.54 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 17,905 shares of company stock valued at $3,198,367 over the last 90 days. 0.50% of the stock is currently owned by company insiders.

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.