Savoir Faire Capital Management L.P. Sells 10,599 Shares of Texas Roadhouse, Inc. $TXRH

Key Points

• Savoir Faire Capital Management cut its stake in Texas Roadhouse by 37.7%, selling 10,599 shares in Q4 and now holds 17,484 shares worth about $2.90 million (≈1.4% of its portfolio).
• Texas Roadhouse missed quarterly expectations, reporting $1.28 EPS versus $1.53 expected and $1.48B revenue versus $1.50B consensus, though revenue rose 3.1% year‑over‑year; analysts' consensus is a Moderate Buy with an average target of $195.14.
• The company raised its quarterly dividend to $0.75 ($3.00 annual, ~1.9% yield), while insiders have sold roughly 12,988 shares in the past 90 days (including the CTO and President), leaving insiders with about 0.5% ownership.

Savoir Faire Capital Management L.P. lessened its stake in Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 37.7% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,484 shares of the restaurant operator's stock after selling 10,599 shares during the quarter. Texas Roadhouse accounts for about 1.4% of Savoir Faire Capital Management L.P.'s investment portfolio, making the stock its 29th biggest holding. Savoir Faire Capital Management L.P.'s holdings in Texas Roadhouse were worth $2,902,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently made changes to their positions in the company. Princeton Global Asset Management LLC bought a new stake in Texas Roadhouse in the 4th quarter valued at $31,000. Measured Wealth Private Client Group LLC bought a new position in Texas Roadhouse during the 3rd quarter worth about $33,000. Root Financial Partners LLC acquired a new stake in shares of Texas Roadhouse in the 3rd quarter valued at about $36,000. Salomon & Ludwin LLC lifted its holdings in shares of Texas Roadhouse by 37.2% in the third quarter. Salomon & Ludwin LLC now owns 299 shares of the restaurant operator's stock valued at $50,000 after purchasing an additional 81 shares in the last quarter. Finally, LRI Investments LLC lifted its holdings in shares of Texas Roadhouse by 100.0% in the third quarter. LRI Investments LLC now owns 300 shares of the restaurant operator's stock valued at $50,000 after purchasing an additional 150 shares in the last quarter. Institutional investors own 94.82% of the company's stock.

Texas Roadhouse Stock Performance

NASDAQ:TXRH opened at $160.99 on Friday. The stock's 50-day simple moving average is $168.05 and its 200 day simple moving average is $172.95. The company has a market cap of $10.61 billion, a P/E ratio of 26.44, a P/E/G ratio of 1.82 and a beta of 0.88. Texas Roadhouse, Inc. has a 52-week low of $156.00 and a 52-week high of $199.99.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last issued its quarterly earnings results on Thursday, February 19th. The restaurant operator reported $1.28 EPS for the quarter, missing the consensus estimate of $1.53 by ($0.25). The company had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.50 billion. Texas Roadhouse had a net margin of 6.90% and a return on equity of 27.88%. The business's revenue for the quarter was up 3.1% on a year-over-year basis. During the same period last year, the company posted $1.73 earnings per share. As a group, equities analysts predict that Texas Roadhouse, Inc. will post 6.35 earnings per share for the current fiscal year.

Texas Roadhouse Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 17th were issued a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend was Tuesday, March 17th. This is a boost from Texas Roadhouse's previous quarterly dividend of $0.68. Texas Roadhouse's payout ratio is currently 49.26%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. KeyCorp reiterated a "sector weight" rating on shares of Texas Roadhouse in a report on Friday, February 20th. Mizuho boosted their target price on Texas Roadhouse from $190.00 to $200.00 and gave the company an "outperform" rating in a research note on Thursday, February 12th. Benchmark reaffirmed a "hold" rating on shares of Texas Roadhouse in a research report on Monday, February 23rd. TD Cowen started coverage on shares of Texas Roadhouse in a research note on Tuesday, January 20th. They set a "buy" rating and a $215.00 price target for the company. Finally, BMO Capital Markets reiterated a "market perform" rating and issued a $165.00 price objective on shares of Texas Roadhouse in a report on Friday, February 20th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and thirteen have issued a Hold rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $195.14.

Insiders Place Their Bets

In related news, CTO Hernan E. Mujica sold 5,000 shares of the firm's stock in a transaction on Friday, March 13th. The shares were sold at an average price of $170.00, for a total value of $850,000.00. Following the completion of the transaction, the chief technology officer directly owned 15,552 shares of the company's stock, valued at approximately $2,643,840. This trade represents a 24.33% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Regina A. Tobin sold 4,450 shares of the business's stock in a transaction on Thursday, March 19th. The stock was sold at an average price of $171.00, for a total transaction of $760,950.00. Following the transaction, the president owned 13,778 shares in the company, valued at approximately $2,356,038. The trade was a 24.41% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 12,988 shares of company stock valued at $2,218,144 in the last ninety days. 0.50% of the stock is currently owned by insiders.

Texas Roadhouse Company Profile

Texas Roadhouse, Inc is a casual dining restaurant chain specializing in hand‐cut steaks, fall‐off‐the‐bone ribs, chicken, seafood and house specialties. Each restaurant features a Western‐themed décor, open kitchens and a signature line dance presentation of fresh, made‐from‐scratch sides and breads. The company emphasizes an energetic dining experience, focusing on hospitality, value and a family‐friendly environment.

The concept was created in 1993 by founder Kent Taylor, who sought to combine high‐quality steaks with an approachable, community‐oriented atmosphere.

Want to see what other hedge funds are holding TXRH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.