Dimensional Fund Advisors LP Sells 45,263 Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH)

Dimensional Fund Advisors LP cut its position in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 7.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 547,815 shares of the restaurant operator's stock after selling 45,263 shares during the quarter. Dimensional Fund Advisors LP owned 0.82% of Texas Roadhouse worth $98,844,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the business. Barclays PLC boosted its stake in Texas Roadhouse by 14.4% in the 3rd quarter. Barclays PLC now owns 1,180,842 shares of the restaurant operator's stock worth $208,539,000 after purchasing an additional 148,462 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in shares of Texas Roadhouse in the 3rd quarter valued at approximately $1,282,000. Synovus Financial Corp increased its holdings in Texas Roadhouse by 4.8% in the third quarter. Synovus Financial Corp now owns 6,711 shares of the restaurant operator's stock worth $1,185,000 after buying an additional 305 shares during the last quarter. Franklin Resources Inc. raised its position in Texas Roadhouse by 76.0% during the third quarter. Franklin Resources Inc. now owns 893,925 shares of the restaurant operator's stock valued at $157,375,000 after acquiring an additional 385,998 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. acquired a new stake in Texas Roadhouse in the third quarter valued at approximately $245,000. Institutional investors and hedge funds own 94.82% of the company's stock.

Texas Roadhouse Trading Up 0.8 %

Shares of NASDAQ:TXRH traded up $1.29 on Wednesday, hitting $165.96. The company had a trading volume of 805,060 shares, compared to its average volume of 884,759. Texas Roadhouse, Inc. has a 1-year low of $148.73 and a 1-year high of $206.04. The stock has a market cap of $11.03 billion, a price-to-earnings ratio of 25.65, a P/E/G ratio of 1.23 and a beta of 0.88. The stock has a 50 day moving average price of $169.21 and a 200 day moving average price of $179.92.

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

Texas Roadhouse Increases Dividend

The company also recently disclosed 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. This is a boost from Texas Roadhouse's previous quarterly dividend of $0.61. The ex-dividend date was Tuesday, March 18th. This represents a $2.72 annualized dividend and a yield of 1.64%. Texas Roadhouse's dividend payout ratio is currently 42.04%.

Insider Activity

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 of the company's stock, valued at $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 available through the SEC website. Also, Director Gregory N. Moore sold 2,700 shares of the company's stock in a transaction that occurred on Monday, February 24th. The shares were 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 ninety days, insiders sold 16,535 shares of company stock worth $2,952,507. 0.50% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

TXRH has been the topic of several analyst reports. Morgan Stanley upgraded shares of Texas Roadhouse from an "equal weight" rating to an "overweight" rating and increased their price target for the stock from $205.00 to $213.00 in a research note on Tuesday, January 21st. Barclays boosted their target price on shares of Texas Roadhouse from $178.00 to $179.00 and gave the stock an "equal weight" rating in a research report on Tuesday, April 22nd. Stephens dropped their price target on Texas Roadhouse from $186.00 to $180.00 and set an "equal weight" rating on the stock in a research report on Friday, February 21st. Wedbush boosted their price target on shares of Texas Roadhouse from $200.00 to $210.00 and gave the company an "outperform" rating in a report on Friday, March 28th. Finally, Royal Bank of Canada cut their price objective 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. Ten equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $192.29.

Texas Roadhouse Company 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.