Texas Roadhouse, Inc. (NASDAQ:TXRH) is Ranger Investment Management L.P.'s 3rd Largest Position

Ranger Investment Management L.P. reduced its stake in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 1.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 305,384 shares of the restaurant operator's stock after selling 5,900 shares during the period. Texas Roadhouse accounts for 3.5% of Ranger Investment Management L.P.'s portfolio, making the stock its 3rd biggest holding. Ranger Investment Management L.P. owned 0.46% of Texas Roadhouse worth $55,100,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the stock. KLP Kapitalforvaltning AS bought a new position in shares of Texas Roadhouse in the fourth quarter worth approximately $2,959,000. Zions Bancorporation N.A. boosted its holdings in Texas Roadhouse by 19.5% in the 4th quarter. Zions Bancorporation N.A. now owns 13,152 shares of the restaurant operator's stock worth $2,373,000 after buying an additional 2,144 shares during the period. Chase Investment Counsel Corp purchased a new stake in Texas Roadhouse in the 4th quarter worth $316,000. Raymond James Financial Inc. bought a new stake in Texas Roadhouse during the fourth quarter valued at about $55,177,000. Finally, First Hawaiian Bank purchased a new position in shares of Texas Roadhouse in the fourth quarter valued at about $1,554,000. 94.82% of the stock is currently owned by institutional investors.

Insider Activity at Texas Roadhouse

In other news, President Regina A. Tobin sold 3,154 shares of the company'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 completion of the transaction, the president now owns 18,414 shares in the company, valued at approximately $3,418,374.96. This represents a 14.62 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Curtis Warfield sold 3,281 shares of the firm's stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $183.67, for a total value of $602,621.27. Following the transaction, the director now directly owns 6,801 shares in the company, valued at approximately $1,249,139.67. The trade was a 32.54 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 16,535 shares of company stock worth $2,952,507. Company insiders own 0.50% of the company's stock.

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Texas Roadhouse Trading Up 0.2 %

TXRH stock traded up $0.33 during midday trading on Monday, hitting $160.50. 403,375 shares of the company's stock were exchanged, compared to its average volume of 866,866. Texas Roadhouse, Inc. has a 1-year low of $146.79 and a 1-year high of $206.04. The business has a 50-day simple moving average of $171.92 and a two-hundred day simple moving average of $181.09. The stock has a market capitalization of $10.67 billion, a PE ratio of 24.81, a P/E/G ratio of 1.23 and a beta of 0.88.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last posted its earnings results 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. Texas Roadhouse had a net margin of 8.07% and a return on equity of 34.02%. The firm had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.41 billion. As a group, research analysts expect that Texas Roadhouse, Inc. will post 7.23 EPS for the current fiscal year.

Texas Roadhouse Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 18th were paid a $0.68 dividend. This is a boost from Texas Roadhouse's previous quarterly dividend of $0.61. This represents a $2.72 annualized dividend and a dividend yield of 1.69%. The ex-dividend date was Tuesday, March 18th. Texas Roadhouse's dividend payout ratio (DPR) is presently 42.04%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on TXRH. Robert W. Baird set a $180.00 target price on Texas Roadhouse and gave the company an "outperform" rating in a research note on Monday, April 7th. Stifel Nicolaus reduced their price objective on shares of Texas Roadhouse from $185.00 to $172.00 and set a "hold" rating on the stock in a research report on Friday, February 21st. Guggenheim dropped their target price 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. Royal Bank of Canada reduced their price target on shares of Texas Roadhouse from $200.00 to $180.00 and set a "sector perform" rating on the stock in a report on Friday, February 21st. Finally, Stephens dropped their price objective on shares of Texas Roadhouse from $186.00 to $180.00 and set an "equal weight" rating for the company in a report on Friday, February 21st. Ten research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. According to MarketBeat.com, Texas Roadhouse has an average rating of "Moderate Buy" and an average price target of $192.23.

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.