BI Asset Management Fondsmaeglerselskab A S Decreases Position in Texas Roadhouse, Inc. (NASDAQ:TXRH)

BI Asset Management Fondsmaeglerselskab A S trimmed its stake in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 79.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,803 shares of the restaurant operator's stock after selling 21,988 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S's holdings in Texas Roadhouse were worth $1,047,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of the stock. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Texas Roadhouse during the fourth quarter valued at approximately $30,000. SBI Securities Co. Ltd. bought a new stake in Texas Roadhouse during the 4th quarter valued at $36,000. MassMutual Private Wealth & Trust FSB boosted its position 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 valued at $48,000 after buying an additional 65 shares during the period. VisionPoint Advisory Group LLC bought a new stake in Texas Roadhouse in the 4th quarter worth $64,000. Finally, Asset Planning Inc bought a new position in shares of Texas Roadhouse during the fourth quarter valued at about $74,000. 94.82% of the stock is owned by hedge funds and other institutional investors.

Texas Roadhouse Price Performance

Shares of TXRH stock traded up $2.74 on Monday, hitting $164.38. 275,476 shares of the stock traded hands, compared to its average volume of 878,425. The firm has a market cap of $10.92 billion, a price-to-earnings ratio of 25.40, a PEG ratio of 1.23 and a beta of 0.88. The firm has a 50 day simple moving average of $169.50 and a two-hundred day simple moving average of $180.09. Texas Roadhouse, Inc. has a 52 week low of $148.73 and a 52 week high of $206.04.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The restaurant operator reported $1.73 earnings per share for the quarter, topping analysts' consensus estimates 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 analyst estimates of $1.41 billion. Sell-side analysts forecast that Texas Roadhouse, Inc. will post 7.23 EPS for the current year.

Texas Roadhouse Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 18th were paid a $0.68 dividend. The ex-dividend date was Tuesday, March 18th. This represents a $2.72 annualized dividend and a yield of 1.65%. This is a boost from Texas Roadhouse's previous quarterly dividend of $0.61. Texas Roadhouse's payout ratio is presently 42.04%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on TXRH shares. Royal Bank of Canada decreased their target price on Texas Roadhouse from $200.00 to $180.00 and set a "sector perform" rating for the company in a report on Friday, February 21st. JPMorgan Chase & Co. decreased their price objective on shares of Texas Roadhouse from $185.00 to $184.00 and set a "neutral" rating for the company in a report on Thursday, March 20th. Robert W. Baird set a $180.00 target price on shares of Texas Roadhouse and gave the stock an "outperform" rating in a research report on Monday, April 7th. Citigroup cut shares of Texas Roadhouse from a "buy" rating to a "neutral" rating and reduced their price target for the company from $213.00 to $164.00 in a research report on Wednesday, April 23rd. Finally, Wedbush increased their price target 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. Ten research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, Texas Roadhouse has a consensus rating of "Moderate Buy" and a consensus price target of $192.29.

Insider Buying and Selling at Texas Roadhouse

In related news, CTO Hernan E. Mujica sold 2,050 shares of the business's stock in a transaction on Monday, February 24th. The shares were sold at an average price of $170.66, for a total value of $349,853.00. Following the sale, the chief technology officer now owns 17,162 shares in the company, valued at approximately $2,928,866.92. The trade was a 10.67 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, President Regina A. Tobin sold 3,154 shares of the company's stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $185.64, for a total transaction of $585,508.56. Following the sale, the president now directly owns 18,414 shares in the company, valued at approximately $3,418,374.96. The trade was a 14.62 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 16,535 shares of company stock valued at $2,952,507 in the last 90 days. Insiders own 0.50% of the company's stock.

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.