Lisanti Capital Growth LLC Decreases Stake in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Lisanti Capital Growth LLC reduced its position in Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 39.9% during the first quarter, according to its most recent 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 quarter. Lisanti Capital Growth LLC's holdings in Texas Roadhouse were worth $3,019,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in TXRH. Norges Bank purchased a new stake in Texas Roadhouse in the 4th quarter worth about $155,239,000. Congress Asset Management Co. raised its position in Texas Roadhouse by 8,956.4% in the 1st quarter. Congress Asset Management Co. now owns 465,679 shares of the restaurant operator's stock worth $77,596,000 after purchasing an additional 460,537 shares during the period. FMR LLC raised its position in Texas Roadhouse by 44.8% in the 4th quarter. FMR LLC now owns 1,300,987 shares of the restaurant operator's stock worth $234,737,000 after purchasing an additional 402,465 shares during the period. T. Rowe Price Investment Management Inc. raised its position in Texas Roadhouse by 255.1% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 520,352 shares of the restaurant operator's stock worth $93,888,000 after purchasing an additional 373,812 shares during the period. Finally, GAMMA Investing LLC grew its stake in Texas Roadhouse by 19,250.9% in the 1st quarter. GAMMA Investing LLC now owns 325,095 shares of the restaurant operator's stock worth $54,171,000 after acquiring an additional 323,415 shares in the last quarter. 94.82% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on TXRH. Citigroup downgraded shares of Texas Roadhouse from a "buy" rating to a "neutral" rating and dropped their target price for the stock from $213.00 to $164.00 in a research note on Wednesday, April 23rd. Stephens restated an "equal weight" rating and issued a $170.00 target price on shares of Texas Roadhouse in a research note on Tuesday, June 10th. Barclays dropped their target price on shares of Texas Roadhouse from $179.00 to $175.00 and set an "equal weight" rating on the stock in a research note on Friday, May 9th. Wedbush upped their target price 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. Finally, The Goldman Sachs Group upped their target price on shares of Texas Roadhouse from $184.00 to $205.00 and gave the stock a "neutral" rating in a research note on Wednesday, June 4th. Ten research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $191.71.

Insider Activity at Texas Roadhouse

In other Texas Roadhouse news, Director Gregory N. Moore sold 1,000 shares of the firm's stock in a transaction on Monday, May 12th. The shares were sold at an average price of $187.62, for a total value of $187,620.00. Following the completion of the transaction, the director now owns 38,050 shares of the company's stock, valued at approximately $7,138,941. This trade represents a 2.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Donna E. Epps sold 800 shares of the firm's stock in a transaction 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 transaction, the director now directly owns 4,632 shares of the company's stock, valued at approximately $863,960.64. This represents a 14.73% decrease in their position. The disclosure for this sale can be found here. 0.50% of the stock is currently owned by corporate insiders.

Texas Roadhouse Stock Performance

NASDAQ:TXRH traded up $2.71 during midday trading on Friday, reaching $187.74. 1,236,084 shares of the stock traded hands, compared to its average volume of 935,392. Texas Roadhouse, Inc. has a 12-month low of $148.73 and a 12-month high of $206.04. The business has a 50-day moving average of $184.11 and a two-hundred day moving average of $178.43. The stock has a market capitalization of $12.45 billion, a PE ratio of 28.97, a price-to-earnings-growth ratio of 2.51 and a beta of 0.90.

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

Texas Roadhouse Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Tuesday, June 3rd will be given a dividend of $0.68 per share. The ex-dividend date is Tuesday, June 3rd. This represents a $2.72 dividend on an annualized basis and a yield of 1.45%. Texas Roadhouse's payout ratio is 41.98%.

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.