Texas Roadhouse, Inc. (NASDAQ:TXRH) Shares Sold by Tidal Investments LLC

Tidal Investments LLC lessened its holdings in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 55.7% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 13,200 shares of the restaurant operator's stock after selling 16,592 shares during the quarter. Tidal Investments LLC's holdings in Texas Roadhouse were worth $2,331,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in TXRH. Kingsview Wealth Management LLC grew its holdings in Texas Roadhouse by 3.1% in the 3rd quarter. Kingsview Wealth Management LLC now owns 1,771 shares of the restaurant operator's stock valued at $313,000 after buying an additional 54 shares during the period. CIBC Asset Management Inc boosted its position in shares of Texas Roadhouse by 3.3% in the third quarter. CIBC Asset Management Inc now owns 1,952 shares of the restaurant operator's stock worth $345,000 after acquiring an additional 62 shares during the last quarter. Insight Wealth Partners LLC grew its holdings in Texas Roadhouse by 3.9% in the third quarter. Insight Wealth Partners LLC now owns 1,818 shares of the restaurant operator's stock valued at $321,000 after purchasing an additional 68 shares during the period. PSI Advisors LLC increased its position in Texas Roadhouse by 70.8% during the third quarter. PSI Advisors LLC now owns 181 shares of the restaurant operator's stock worth $32,000 after purchasing an additional 75 shares during the last quarter. Finally, Angeles Wealth Management LLC boosted its holdings in Texas Roadhouse by 5.4% in the third quarter. Angeles Wealth Management LLC now owns 1,469 shares of the restaurant operator's stock valued at $259,000 after acquiring an additional 75 shares during the last quarter. Institutional investors and hedge funds own 94.82% of the company's stock.

Insider Activity

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

Texas Roadhouse Stock Performance

Shares of NASDAQ TXRH traded up $0.67 during trading on Monday, reaching $187.53. The stock had a trading volume of 715,124 shares, compared to its average volume of 761,332. The firm's 50 day moving average price is $190.68 and its two-hundred day moving average price is $176.98. Texas Roadhouse, Inc. has a one year low of $115.48 and a one year high of $206.04. The stock has a market cap of $12.51 billion, a PE ratio of 32.11, a P/E/G ratio of 1.59 and a beta of 0.98.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last issued 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 business had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.27 billion. During the same period last year, the company posted $0.95 earnings per share. The firm's revenue for the quarter was up 13.5% on a year-over-year basis. On average, research analysts expect that Texas Roadhouse, Inc. will post 6.39 earnings per share for the current year.

Texas Roadhouse Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 10th will be paid a $0.61 dividend. The ex-dividend date is Tuesday, December 10th. This represents a $2.44 dividend on an annualized basis and a yield of 1.30%. Texas Roadhouse's payout ratio is currently 41.92%.

Analyst Upgrades and Downgrades

Several brokerages have commented on TXRH. Wedbush upped their price target on Texas Roadhouse from $190.00 to $200.00 and gave the stock an "outperform" rating in a research note on Friday, October 25th. Citigroup lifted their price target on shares of Texas Roadhouse from $192.00 to $201.00 and gave the company a "buy" rating in a research report on Tuesday, October 1st. Loop Capital dropped their price objective on shares of Texas Roadhouse from $215.00 to $209.00 and set a "buy" rating for the company in a research report on Monday, October 28th. Morgan Stanley lifted their target price on shares of Texas Roadhouse from $200.00 to $205.00 and gave the company an "equal weight" rating in a report on Friday, October 25th. Finally, Royal Bank of Canada increased their price target on Texas Roadhouse from $175.00 to $185.00 and gave the company a "sector perform" rating in a report on Friday, October 25th. Thirteen analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, Texas Roadhouse presently has an average rating of "Hold" and a consensus target price of $190.09.

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.