Texas Roadhouse, Inc. (NASDAQ:TXRH) Shares Sold by Trexquant Investment LP

Trexquant Investment LP decreased its position in Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 35.8% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 70,167 shares of the restaurant operator's stock after selling 39,160 shares during the period. Trexquant Investment LP owned 0.11% of Texas Roadhouse worth $12,660,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of TXRH. Cornerstone Investment Partners LLC lifted its holdings in shares of Texas Roadhouse by 2.7% in the 4th quarter. Cornerstone Investment Partners LLC now owns 2,159 shares of the restaurant operator's stock worth $390,000 after buying an additional 56 shares during the period. Lifestyle Asset Management Inc. lifted its stake in Texas Roadhouse by 3.9% in the fourth quarter. Lifestyle Asset Management Inc. now owns 1,603 shares of the restaurant operator's stock worth $289,000 after acquiring an additional 60 shares during the period. MassMutual Private Wealth & Trust FSB grew its holdings in Texas Roadhouse by 32.2% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 267 shares of the restaurant operator's stock worth $48,000 after acquiring an additional 65 shares in the last quarter. Central Pacific Bank Trust Division increased its position in Texas Roadhouse by 9.1% during the 4th quarter. Central Pacific Bank Trust Division now owns 960 shares of the restaurant operator's stock valued at $173,000 after purchasing an additional 80 shares during the period. Finally, Bridge City Capital LLC raised its holdings in shares of Texas Roadhouse by 1.0% in the 4th quarter. Bridge City Capital LLC now owns 9,326 shares of the restaurant operator's stock valued at $1,683,000 after purchasing an additional 88 shares in the last quarter. Institutional investors own 94.82% of the company's stock.

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Insider Activity

In related news, CTO Hernan E. Mujica sold 2,050 shares of Texas Roadhouse stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $170.66, for a total transaction of $349,853.00. Following the completion of the transaction, the chief technology officer now directly owns 17,162 shares in the company, valued at approximately $2,928,866.92. This trade represents a 10.67 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Christopher C. Colson sold 1,370 shares of the company's stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $179.46, for a total value of $245,860.20. Following the completion of the sale, the insider now owns 10,000 shares in the company, valued at approximately $1,794,600. This represents a 12.05 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 17,905 shares of company stock valued at $3,198,367 in the last quarter. 0.50% of the stock is currently owned by company insiders.

Texas Roadhouse Stock Down 4.3 %

Shares of Texas Roadhouse stock traded down $7.19 on Friday, reaching $159.86. 1,929,890 shares of the stock were exchanged, compared to its average volume of 850,917. Texas Roadhouse, Inc. has a twelve month low of $146.75 and a twelve month high of $206.04. The business has a 50 day moving average price of $175.08 and a two-hundred day moving average price of $181.66. The firm has a market capitalization of $10.62 billion, a price-to-earnings ratio of 24.71, a PEG ratio of 1.23 and a beta of 1.00.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The restaurant operator reported $1.73 EPS for the quarter, beating the consensus estimate of $1.66 by $0.07. The business had revenue of $1.44 billion during the quarter, compared to analysts' expectations of $1.41 billion. Texas Roadhouse had a net margin of 8.07% and a return on equity of 34.02%. Research analysts forecast that Texas Roadhouse, Inc. will post 7.23 EPS for the current year.

Texas Roadhouse Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 18th were paid a dividend of $0.68 per share. The ex-dividend date of this dividend was Tuesday, March 18th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.70%. This is a positive change from Texas Roadhouse's previous quarterly dividend of $0.61. Texas Roadhouse's dividend payout ratio (DPR) is presently 42.04%.

Analyst Ratings Changes

A number of research firms have recently issued reports on TXRH. Morgan Stanley upgraded shares of Texas Roadhouse from an "equal weight" rating to an "overweight" rating and increased their price objective for the company from $205.00 to $213.00 in a research note on Tuesday, January 21st. Guggenheim dropped their target price on Texas Roadhouse from $205.00 to $200.00 and set a "buy" rating on the stock in a research report on Thursday, February 27th. Barclays cut their price target on Texas Roadhouse from $194.00 to $178.00 and set an "equal weight" rating on the stock in a report on Friday, February 21st. Stifel Nicolaus decreased their price objective on Texas Roadhouse from $185.00 to $172.00 and set a "hold" rating for the company in a research note on Friday, February 21st. Finally, Truist Financial cut their target price on Texas Roadhouse from $209.00 to $205.00 and set a "buy" rating on the stock in a research note on Friday, February 21st. Eleven 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, the company presently has an average rating of "Moderate Buy" and a consensus price target of $193.36.

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.