Nuveen Asset Management LLC Sells 41,904 Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH)

Nuveen Asset Management LLC trimmed its holdings in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 13.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 269,520 shares of the restaurant operator's stock after selling 41,904 shares during the quarter. Nuveen Asset Management LLC owned 0.40% of Texas Roadhouse worth $48,629,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in TXRH. Vanguard Group Inc. raised its holdings in shares of Texas Roadhouse by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 6,540,615 shares of the restaurant operator's stock worth $1,180,123,000 after purchasing an additional 76,051 shares during the last quarter. Invesco Ltd. raised its holdings in shares of Texas Roadhouse by 5.9% during the fourth quarter. Invesco Ltd. now owns 2,479,323 shares of the restaurant operator's stock worth $447,344,000 after purchasing an additional 138,675 shares during the last quarter. FMR LLC grew 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 buying an additional 402,465 shares during the period. Geode Capital Management LLC grew its position in Texas Roadhouse by 0.5% during the fourth quarter. Geode Capital Management LLC now owns 1,207,645 shares of the restaurant operator's stock valued at $217,959,000 after buying an additional 6,004 shares during the period. Finally, Barclays PLC grew its position in Texas Roadhouse by 14.4% during the third quarter. Barclays PLC now owns 1,180,842 shares of the restaurant operator's stock valued at $208,539,000 after buying an additional 148,462 shares during the period. 94.82% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, President Regina A. Tobin sold 3,154 shares of the business'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 sale, the president now owns 18,414 shares in the company, valued at approximately $3,418,374.96. The trade was a 14.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Gregory N. Moore sold 2,700 shares of the company's stock in a transaction on Monday, February 24th. The stock was 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. Insiders have sold 18,335 shares of company stock worth $3,289,343 in the last ninety days. 0.50% of the stock is currently owned by insiders.

Texas Roadhouse Trading Up 0.7%

TXRH stock traded up $1.26 during trading hours on Friday, hitting $189.99. 662,543 shares of the stock were exchanged, compared to its average volume of 910,786. The firm has a market capitalization of $12.60 billion, a P/E ratio of 29.36, a P/E/G ratio of 1.23 and a beta of 0.87. The company has a 50-day simple moving average of $171.21 and a two-hundred day simple moving average of $179.33. 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 announced 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). The firm had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.44 billion. Texas Roadhouse had a net margin of 8.07% and a return on equity of 34.02%. The business's revenue for the quarter was up 11.8% compared to the same quarter last year. During the same period in the previous year, the business posted $1.69 earnings per share. On average, equities research analysts predict that Texas Roadhouse, Inc. will post 7.23 earnings per share for the current year.

Texas Roadhouse Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Tuesday, June 3rd will be paid a $0.68 dividend. The ex-dividend date is Tuesday, June 3rd. This represents a $2.72 dividend on an annualized basis and a yield of 1.43%. Texas Roadhouse's dividend payout ratio is currently 41.98%.

Analyst Ratings Changes

TXRH has been the topic of several analyst reports. Stifel Nicolaus dropped their price target on shares of Texas Roadhouse from $172.00 to $170.00 and set a "hold" rating on the stock in a research report on Tuesday, April 15th. Citigroup lowered shares of Texas Roadhouse from a "buy" rating to a "neutral" rating and dropped their target price for the company from $213.00 to $164.00 in a research report on Wednesday, April 23rd. Robert W. Baird set a $180.00 target price on shares of Texas Roadhouse and gave the company an "outperform" rating in a research report on Monday, April 7th. Stephens dropped their target price on shares of 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. Finally, 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 report on Friday, May 9th. Ten research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $191.62.

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.