Texas Roadhouse, Inc. (NASDAQ:TXRH) Shares Sold by Lisanti Capital Growth LLC

Lisanti Capital Growth LLC decreased its stake in Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 39.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,115 shares of the restaurant operator's stock after selling 12,020 shares during the period. Lisanti Capital Growth LLC's holdings in Texas Roadhouse were worth $3,019,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. IFP Advisors Inc raised its stake in shares of Texas Roadhouse by 47.2% during the fourth quarter. IFP Advisors Inc now owns 2,093 shares of the restaurant operator's stock valued at $378,000 after purchasing an additional 671 shares during the period. Oppenheimer Asset Management Inc. increased its stake in Texas Roadhouse by 0.8% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 14,584 shares of the restaurant operator's stock worth $2,631,000 after buying an additional 115 shares during the period. US Bancorp DE increased its stake in Texas Roadhouse by 0.8% during the 4th quarter. US Bancorp DE now owns 13,482 shares of the restaurant operator's stock worth $2,433,000 after buying an additional 107 shares during the period. Chase Investment Counsel Corp acquired a new position in Texas Roadhouse in the 4th quarter worth $316,000. Finally, Smartleaf Asset Management LLC lifted its holdings in Texas Roadhouse by 244.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 527 shares of the restaurant operator's stock worth $95,000 after buying an additional 374 shares in the last quarter. 94.82% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Texas Roadhouse news, Director Gregory N. Moore sold 1,000 shares of the business's stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $187.62, for a total transaction of $187,620.00. Following the sale, the director directly owned 38,050 shares in the company, valued at approximately $7,138,941. The trade was a 2.56% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Donna E. Epps sold 800 shares of the company's stock in a transaction that occurred on Friday, May 23rd. The stock was sold at an average price of $186.52, for a total transaction of $149,216.00. Following the completion of the sale, the director directly owned 4,632 shares of the company's stock, valued at approximately $863,960.64. This represents a 14.73% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.50% of the stock is currently owned by company insiders.

Texas Roadhouse Stock Performance

Shares of NASDAQ:TXRH traded up $1.91 during trading hours on Wednesday, hitting $191.13. The stock had a trading volume of 992,067 shares, compared to its average volume of 934,349. The stock's fifty day simple moving average is $185.19 and its 200 day simple moving average is $178.43. The firm has a market capitalization of $12.68 billion, a price-to-earnings ratio of 29.50, a PEG ratio of 2.51 and a beta of 0.87. Texas Roadhouse, Inc. has a 1-year low of $148.73 and a 1-year high of $206.04.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The restaurant operator reported $1.70 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.75 by ($0.05). The business had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.44 billion. Texas Roadhouse had a return on equity of 32.33% and a net margin of 7.89%. The business's quarterly revenue was up 11.8% compared to the same quarter last year. During the same period last year, the company earned $1.69 earnings per share. As a group, research analysts anticipate that Texas Roadhouse, Inc. will post 7.23 EPS for the current year.

Texas Roadhouse Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 1st. Stockholders of record on Tuesday, June 3rd were issued a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.42%. The ex-dividend date was Tuesday, June 3rd. Texas Roadhouse's dividend payout ratio (DPR) is 41.98%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on TXRH shares. Truist Financial lifted their target price on Texas Roadhouse from $201.00 to $212.00 and gave the stock a "buy" rating in a research report on Wednesday. The Goldman Sachs Group lifted their price target on Texas Roadhouse from $184.00 to $205.00 and gave the stock a "neutral" rating in a research note on Wednesday, June 4th. Stephens restated an "equal weight" rating and set a $170.00 price objective on shares of Texas Roadhouse in a research note on Tuesday, June 10th. Stifel Nicolaus decreased their target price on Texas Roadhouse from $172.00 to $170.00 and set a "hold" rating for the company in a research report on Tuesday, April 15th. Finally, Barclays dropped their price target on Texas Roadhouse from $179.00 to $175.00 and set an "equal weight" rating on the stock in a research report on Friday, May 9th. Ten analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $192.05.

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.