Texas Roadhouse, Inc. (NASDAQ:TXRH) Shares Sold by Verition Fund Management LLC

Verition Fund Management LLC trimmed its position in Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 54.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 9,145 shares of the restaurant operator's stock after selling 11,119 shares during the period. Verition Fund Management LLC's holdings in Texas Roadhouse were worth $1,615,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Hollencrest Capital Management purchased a new position in shares of Texas Roadhouse in the second quarter worth about $25,000. McClarren Financial Advisors Inc. lifted its stake in Texas Roadhouse by 4,175.0% in the 2nd quarter. McClarren Financial Advisors Inc. now owns 171 shares of the restaurant operator's stock worth $29,000 after purchasing an additional 167 shares in the last quarter. PSI Advisors LLC boosted its holdings in shares of Texas Roadhouse by 70.8% during the 3rd 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. UMB Bank n.a. grew its position in shares of Texas Roadhouse by 118.6% in the third quarter. UMB Bank n.a. now owns 258 shares of the restaurant operator's stock valued at $46,000 after purchasing an additional 140 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC acquired a new stake in shares of Texas Roadhouse in the second quarter valued at approximately $47,000. 94.82% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

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

Texas Roadhouse Trading Up 0.1 %

Shares of NASDAQ TXRH traded up $0.25 during trading hours on Friday, reaching $196.56. The stock had a trading volume of 570,621 shares, compared to its average volume of 642,598. The firm has a market cap of $13.11 billion, a price-to-earnings ratio of 33.77, a PEG ratio of 1.70 and a beta of 0.98. Texas Roadhouse, Inc. has a fifty-two week low of $112.87 and a fifty-two week high of $206.04. The firm has a 50-day moving average of $189.31 and a 200-day moving average of $176.14.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last issued its quarterly earnings data on Thursday, October 24th. The restaurant operator reported $1.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.32 by ($0.06). The business had revenue of $1.27 billion for the quarter, compared to analysts' expectations of $1.27 billion. Texas Roadhouse had a return on equity of 31.33% and a net margin of 7.65%. The company's revenue for the quarter was up 13.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.95 earnings per share. On average, equities analysts predict that Texas Roadhouse, Inc. will post 6.39 EPS for the current year.

Texas Roadhouse Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 10th will be paid a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a dividend yield of 1.24%. The ex-dividend date is Tuesday, December 10th. Texas Roadhouse's dividend payout ratio (DPR) is 41.92%.

Analyst Ratings Changes

TXRH has been the topic of a number of recent research reports. Royal Bank of Canada boosted their price objective on Texas Roadhouse from $175.00 to $185.00 and gave the stock a "sector perform" rating in a research note on Friday, October 25th. Loop Capital lowered their price target on shares of Texas Roadhouse from $215.00 to $209.00 and set a "buy" rating on the stock in a research report on Monday, October 28th. The Goldman Sachs Group assumed coverage on shares of Texas Roadhouse in a research report on Thursday. They set a "neutral" rating and a $213.00 price objective for the company. Robert W. Baird lifted their target price on shares of Texas Roadhouse from $190.00 to $205.00 and gave the stock an "outperform" rating in a research note on Friday, October 25th. Finally, Stifel Nicolaus raised their price target on shares of Texas Roadhouse from $180.00 to $195.00 and gave the stock a "hold" rating in a report on Friday, October 25th. Thirteen analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to data from MarketBeat.com, Texas Roadhouse has an average rating of "Hold" and an average price target 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.