Nisa Investment Advisors LLC Sells 28,460 Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH)

Nisa Investment Advisors LLC lessened its holdings in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 42.0% in the first quarter, according to its most recent filing with the SEC. The firm owned 39,379 shares of the restaurant operator's stock after selling 28,460 shares during the quarter. Nisa Investment Advisors LLC owned about 0.06% of Texas Roadhouse worth $6,597,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in TXRH. Valeo Financial Advisors LLC lifted its holdings in shares of Texas Roadhouse by 2.3% during the first quarter. Valeo Financial Advisors LLC now owns 2,750 shares of the restaurant operator's stock valued at $458,000 after purchasing an additional 62 shares during the last quarter. Optas LLC increased its position in Texas Roadhouse by 1.3% in the 1st quarter. Optas LLC now owns 5,217 shares of the restaurant operator's stock worth $869,000 after buying an additional 65 shares during the period. Oregon Public Employees Retirement Fund increased its position in Texas Roadhouse by 0.5% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 13,627 shares of the restaurant operator's stock worth $2,271,000 after buying an additional 66 shares during the period. Coppell Advisory Solutions LLC grew its holdings in shares of Texas Roadhouse by 56.8% during the 4th quarter. Coppell Advisory Solutions LLC now owns 196 shares of the restaurant operator's stock worth $35,000 after purchasing an additional 71 shares in the last quarter. Finally, Trek Financial LLC boosted its stake in Texas Roadhouse by 5.9% in the 4th quarter. Trek Financial LLC now owns 1,407 shares of the restaurant operator's stock valued at $254,000 after buying an additional 79 shares in the last quarter. Institutional investors and hedge funds own 94.82% of the company's stock.

Insider Buying and Selling at Texas Roadhouse

In other Texas Roadhouse news, Director Gregory N. Moore sold 1,000 shares of the firm's stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $187.62, for a total value of $187,620.00. Following the completion of the transaction, the director owned 38,050 shares in the company, valued at $7,138,941. This trade represents a 2.56% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Donna E. Epps sold 800 shares of the firm's stock in a transaction dated Friday, May 23rd. The stock was sold at an average price of $186.52, for a total value of $149,216.00. Following the completion of the transaction, the director owned 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

Shares of Texas Roadhouse stock traded up $1.71 on Friday, reaching $188.09. 619,692 shares of the company's stock were exchanged, compared to its average volume of 936,375. Texas Roadhouse, Inc. has a 52 week low of $148.73 and a 52 week high of $206.04. The firm's 50-day moving average is $188.81 and its two-hundred day moving average is $178.74. The company has a market capitalization of $12.48 billion, a P/E ratio of 29.03, a price-to-earnings-growth ratio of 2.49 and a beta of 0.87.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last released its quarterly 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 company had revenue of $1.45 billion during the quarter, compared to analysts' expectations of $1.44 billion. During the same period in the previous year, the company posted $1.69 earnings per share. The company's quarterly revenue was up 11.8% compared to the same quarter last year. On average, analysts expect that Texas Roadhouse, Inc. will post 7.23 EPS for the current fiscal year.

Texas Roadhouse Dividend Announcement

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

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Truist Financial set a $212.00 target price on Texas Roadhouse and gave the stock a "buy" rating in a research report on Wednesday, July 2nd. Stifel Nicolaus decreased their price objective on Texas Roadhouse from $172.00 to $170.00 and set a "hold" rating for the company in a report on Tuesday, April 15th. The Goldman Sachs Group increased their price target on Texas Roadhouse from $184.00 to $205.00 and gave the company a "neutral" rating in a research report on Wednesday, June 4th. Guggenheim lifted their price objective on shares of Texas Roadhouse from $200.00 to $210.00 and gave the stock a "buy" rating in a research report on Friday. Finally, Citigroup downgraded 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 report on Wednesday, April 23rd. Ten research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $192.52.

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.