Boothbay Fund Management LLC Cuts Position in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Boothbay Fund Management LLC lowered its holdings in Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 72.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,131 shares of the restaurant operator's stock after selling 2,963 shares during the period. Boothbay Fund Management LLC's holdings in Texas Roadhouse were worth $204,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its holdings in Texas Roadhouse by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 6,540,615 shares of the restaurant operator's stock worth $1,180,123,000 after acquiring an additional 76,051 shares during the last quarter. Invesco Ltd. raised its holdings in shares of Texas Roadhouse by 5.9% in the 4th quarter. Invesco Ltd. now owns 2,479,323 shares of the restaurant operator's stock valued at $447,344,000 after acquiring an additional 138,675 shares in the last quarter. FMR LLC lifted its position in Texas Roadhouse by 44.8% during 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 during the last quarter. Geode Capital Management LLC grew its position in Texas Roadhouse by 0.5% in the fourth quarter. Geode Capital Management LLC now owns 1,207,645 shares of the restaurant operator's stock worth $217,959,000 after acquiring an additional 6,004 shares in the last quarter. Finally, Barclays PLC increased its position in shares of Texas Roadhouse by 14.4% during the 3rd quarter. Barclays PLC now owns 1,180,842 shares of the restaurant operator's stock valued at $208,539,000 after purchasing an additional 148,462 shares during the last quarter. Institutional investors own 94.82% of the company's stock.

Insider Transactions at Texas Roadhouse

In other Texas Roadhouse news, President Regina A. Tobin sold 3,154 shares of the company's stock in a transaction that occurred 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 $3,418,374.96. This represents a 14.62 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, 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 transaction of $749,172.00. Following the sale, the director now directly owns 10,082 shares of the company's stock, valued at approximately $1,802,661.60. This trade represents a 29.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 16,535 shares of company stock valued at $2,952,507 over the last 90 days. Company insiders own 0.50% of the company's stock.

Wall Street Analysts Forecast Growth

TXRH has been the topic of a number of analyst reports. Wedbush lifted their target price on shares of Texas Roadhouse from $200.00 to $210.00 and gave the stock an "outperform" rating in a research report on Friday, March 28th. JPMorgan Chase & Co. dropped their target price on shares of Texas Roadhouse from $185.00 to $184.00 and set a "neutral" rating for the company in a research report on Thursday, March 20th. Wells Fargo & Company reduced their price target on Texas Roadhouse from $175.00 to $170.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 22nd. Gordon Haskett lowered shares of Texas Roadhouse from a "buy" rating to a "hold" rating and set a $192.00 target price for the company. in a report on Wednesday, January 8th. Finally, Citigroup cut shares of Texas Roadhouse from a "buy" rating to a "neutral" rating and dropped their price target for the stock from $213.00 to $164.00 in a research note on Wednesday, April 23rd. Ten research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $191.81.

Texas Roadhouse Price Performance

Shares of TXRH stock traded up $0.09 during trading hours on Tuesday, reaching $171.25. 859,507 shares of the company traded hands, compared to its average volume of 878,689. The firm has a 50-day moving average price of $168.89 and a 200 day moving average price of $179.56. The company has a market cap of $11.38 billion, a P/E ratio of 26.47, a P/E/G ratio of 1.23 and a beta of 0.87. Texas Roadhouse, Inc. has a 12-month low of $148.73 and a 12-month high of $206.04.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last posted its quarterly earnings results 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 net margin of 8.07% and a return on equity of 34.02%. The business had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.41 billion. Sell-side analysts predict that Texas Roadhouse, Inc. will post 7.23 EPS for the current year.

Texas Roadhouse Increases Dividend

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

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.