Voya Investment Management LLC Reduces Stake in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Voya Investment Management LLC decreased its position in Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 2.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 360,339 shares of the restaurant operator's stock after selling 8,380 shares during the period. Voya Investment Management LLC owned about 0.54% of Texas Roadhouse worth $65,016,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the company. Norges Bank bought a new position in Texas Roadhouse during the fourth quarter worth about $155,239,000. FMR LLC grew its position in shares of Texas Roadhouse by 44.8% in the fourth quarter. FMR LLC now owns 1,300,987 shares of the restaurant operator's stock valued at $234,737,000 after purchasing an additional 402,465 shares in the last quarter. Franklin Resources Inc. lifted its holdings in Texas Roadhouse by 76.0% during the 3rd quarter. Franklin Resources Inc. now owns 893,925 shares of the restaurant operator's stock worth $157,375,000 after purchasing an additional 385,998 shares in the last quarter. T. Rowe Price Investment Management Inc. lifted its holdings in shares of Texas Roadhouse by 255.1% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 520,352 shares of the restaurant operator's stock worth $93,888,000 after buying an additional 373,812 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new stake in Texas Roadhouse during the 4th quarter worth approximately $55,177,000. 94.82% of the stock is owned by hedge funds and other institutional investors.

Texas Roadhouse Trading Up 3.1 %

Texas Roadhouse stock traded up $5.02 during trading hours on Monday, hitting $166.66. 1,863,973 shares of the stock traded hands, compared to its average volume of 884,280. Texas Roadhouse, Inc. has a one year low of $148.73 and a one year high of $206.04. The company has a market cap of $11.07 billion, a PE ratio of 25.76, a PEG ratio of 1.23 and a beta of 0.88. The firm's 50-day moving average price is $169.50 and its two-hundred day moving average price is $180.09.

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. Texas Roadhouse had a return on equity of 34.02% and a net margin of 8.07%. The business had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.41 billion. On average, sell-side analysts expect that Texas Roadhouse, Inc. will post 7.23 earnings per share for the current fiscal year.

Texas Roadhouse Increases Dividend

The company also recently declared 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 an increase from Texas Roadhouse's previous quarterly dividend of $0.61. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.63%. The ex-dividend date of this dividend was Tuesday, March 18th. Texas Roadhouse's dividend payout ratio (DPR) is 42.04%.

Insider Activity at Texas Roadhouse

In other Texas Roadhouse news, Director Curtis Warfield sold 4,190 shares of the stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $178.80, for a total value of $749,172.00. Following the transaction, the director now directly owns 10,082 shares in the company, valued at approximately $1,802,661.60. This trade represents a 29.36 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President Regina A. Tobin sold 3,154 shares of the firm's stock in a transaction on Wednesday, March 5th. The stock was 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 directly owns 18,414 shares in the company, valued at approximately $3,418,374.96. This represents a 14.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 16,535 shares of company stock worth $2,952,507. 0.50% of the stock is owned by insiders.

Analyst Ratings Changes

TXRH has been the subject of a number of research analyst reports. Stephens dropped their price target on Texas Roadhouse from $186.00 to $180.00 and set an "equal weight" rating for the company in a research report on Friday, February 21st. Truist Financial cut their price target on shares of Texas Roadhouse from $209.00 to $205.00 and set a "buy" rating for the company in a research note on Friday, February 21st. Morgan Stanley upgraded shares of Texas Roadhouse from an "equal weight" rating to an "overweight" rating and raised their price objective for the company from $205.00 to $213.00 in a research report on Tuesday, January 21st. Stifel Nicolaus reduced their target price on Texas Roadhouse from $172.00 to $170.00 and set a "hold" rating on the stock in a research note on Tuesday, April 15th. Finally, Wedbush raised their price objective on Texas Roadhouse from $200.00 to $210.00 and gave the company an "outperform" rating in a report on Friday, March 28th. Ten research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $192.29.

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.