Holocene Advisors LP Sells 420,392 Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH)

Holocene Advisors LP decreased its stake in Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 49.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 431,427 shares of the restaurant operator's stock after selling 420,392 shares during the period. Holocene Advisors LP owned approximately 0.65% of Texas Roadhouse worth $76,190,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Texas Roadhouse during the second quarter worth about $25,000. Hollencrest Capital Management acquired a new position in shares of Texas Roadhouse in the second quarter valued at approximately $25,000. True Wealth Design LLC acquired a new position in shares of Texas Roadhouse in the third quarter valued at approximately $30,000. McClarren Financial Advisors Inc. raised its position in shares of Texas Roadhouse by 4,175.0% in the second quarter. McClarren Financial Advisors Inc. now owns 171 shares of the restaurant operator's stock valued at $29,000 after buying an additional 167 shares during the last quarter. Finally, PSI Advisors LLC raised its position in shares of Texas Roadhouse by 70.8% in the third quarter. PSI Advisors LLC now owns 181 shares of the restaurant operator's stock valued at $32,000 after buying an additional 75 shares during the last quarter. Institutional investors and hedge funds own 94.82% of the company's stock.

Insider Activity

In other Texas Roadhouse news, Director Donna E. Epps sold 610 shares of the business's stock in a transaction on Monday, November 11th. The shares were sold at an average price of $195.66, for a total transaction of $119,352.60. Following the sale, the director now directly owns 3,532 shares of the company's stock, valued at $691,071.12. The trade was a 14.73 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CTO Hernan E. Mujica sold 1,500 shares of the business's stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $202.26, for a total transaction of $303,390.00. Following the sale, the chief technology officer now directly owns 16,342 shares in the company, valued at approximately $3,305,332.92. This trade represents a 8.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.50% of the company's stock.

Texas Roadhouse Stock Down 1.2 %

TXRH traded down $2.42 during trading on Tuesday, reaching $195.78. The stock had a trading volume of 439,685 shares, compared to its average volume of 765,497. The firm has a market capitalization of $13.06 billion, a price-to-earnings ratio of 34.05, a price-to-earnings-growth ratio of 1.75 and a beta of 0.98. Texas Roadhouse, Inc. has a 1-year low of $112.87 and a 1-year high of $206.04. The stock has a 50 day moving average of $187.65 and a two-hundred day moving average of $175.39.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last released its earnings results on Thursday, October 24th. The restaurant operator reported $1.26 earnings per share for the quarter, missing analysts' consensus estimates of $1.32 by ($0.06). Texas Roadhouse had a return on equity of 31.33% and a net margin of 7.65%. The firm had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.27 billion. During the same quarter last year, the company earned $0.95 earnings per share. The business's revenue for the quarter was up 13.5% on a year-over-year basis. On average, research analysts forecast that Texas Roadhouse, Inc. will post 6.39 EPS for the current fiscal year.

Texas Roadhouse Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 10th will be given a dividend of $0.61 per share. The ex-dividend date of this dividend is Tuesday, December 10th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.25%. Texas Roadhouse's dividend payout ratio (DPR) is presently 41.92%.

Analyst Ratings Changes

A number of brokerages have weighed in on TXRH. Wedbush lifted their price target on shares of Texas Roadhouse from $190.00 to $200.00 and gave the company an "outperform" rating in a report on Friday, October 25th. Truist Financial lifted their price objective on Texas Roadhouse from $202.00 to $207.00 and gave the company a "buy" rating in a research note on Friday, October 25th. Morgan Stanley increased their target price on shares of Texas Roadhouse from $200.00 to $205.00 and gave the stock an "equal weight" rating in a research report on Friday, October 25th. Guggenheim raised their target price on shares of Texas Roadhouse from $190.00 to $195.00 and gave the company a "buy" rating in a research note on Wednesday, September 25th. Finally, Royal Bank of Canada lifted their target price on shares of Texas Roadhouse from $175.00 to $185.00 and gave the company a "sector perform" rating in a report on Friday, October 25th. Twelve analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $189.00.

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.