Algert Global LLC Decreases Stake in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Algert Global LLC lessened its stake in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 25.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 26,442 shares of the restaurant operator's stock after selling 8,792 shares during the period. Algert Global LLC's holdings in Texas Roadhouse were worth $4,771,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Barclays PLC grew its holdings in shares of Texas Roadhouse by 14.4% during the third quarter. Barclays PLC now owns 1,180,842 shares of the restaurant operator's stock valued at $208,539,000 after buying an additional 148,462 shares during the last quarter. Franklin Resources Inc. lifted its position 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 acquiring an additional 385,998 shares during the period. B. Riley Wealth Advisors Inc. purchased a new stake in Texas Roadhouse during the 3rd quarter valued at about $245,000. GAMMA Investing LLC increased its holdings in shares of Texas Roadhouse by 40.2% in the fourth quarter. GAMMA Investing LLC now owns 1,680 shares of the restaurant operator's stock valued at $303,000 after purchasing an additional 482 shares during the period. Finally, Everence Capital Management Inc. purchased a new position in shares of Texas Roadhouse in the fourth quarter worth about $309,000. Institutional investors and hedge funds own 94.82% of the company's stock.

Analyst Ratings Changes

TXRH has been the topic of several research reports. Citigroup downgraded shares of Texas Roadhouse from a "buy" rating to a "neutral" rating and cut their price target for the stock from $213.00 to $164.00 in a report on Wednesday, April 23rd. Wedbush increased their price objective on shares of Texas Roadhouse from $200.00 to $210.00 and gave the stock an "outperform" rating in a research note on Friday, March 28th. Royal Bank of Canada decreased their target price on shares of Texas Roadhouse from $200.00 to $180.00 and set a "sector perform" rating for the company in a research report on Friday, February 21st. Stephens reduced their price objective on Texas Roadhouse from $186.00 to $180.00 and set an "equal weight" rating for the company in a research note on Friday, February 21st. Finally, Stifel Nicolaus decreased their price objective on Texas Roadhouse from $172.00 to $170.00 and set a "hold" rating for the company in a report on Tuesday, April 15th. Ten research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $191.81.

Texas Roadhouse Trading Down 0.4 %

NASDAQ:TXRH opened at $171.16 on Tuesday. The stock has a 50 day moving average of $168.89 and a two-hundred day moving average of $179.56. Texas Roadhouse, Inc. has a 12 month low of $148.73 and a 12 month high of $206.04. The firm has a market cap of $11.37 billion, a P/E ratio of 26.45, a price-to-earnings-growth ratio of 1.23 and a beta of 0.88.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last posted 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 firm had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.41 billion. On average, research analysts forecast that Texas Roadhouse, Inc. will post 7.23 earnings per share for the current year.

Texas Roadhouse Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Tuesday, March 18th were given a dividend of $0.68 per share. The ex-dividend date was Tuesday, March 18th. This is a positive change from Texas Roadhouse's previous quarterly dividend of $0.61. This represents a $2.72 dividend on an annualized basis and a yield of 1.59%. Texas Roadhouse's payout ratio is presently 42.04%.

Insider Activity at Texas Roadhouse

In other Texas Roadhouse news, insider Christopher C. Colson sold 580 shares of the company's stock in a transaction on Friday, February 28th. The stock was sold at an average price of $181.94, for a total value of $105,525.20. Following the completion of the sale, the insider now directly owns 12,000 shares in the company, valued at $2,183,280. This represents a 4.61 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Gregory N. Moore sold 2,700 shares of Texas Roadhouse stock in a transaction on Monday, February 24th. The stock was sold at an average price of $168.26, for a total value of $454,302.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 16,535 shares of company stock valued at $2,952,507. Corporate insiders own 0.50% of the company's stock.

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.

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