Savoir Faire Capital Management L.P. Reduces Position in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Savoir Faire Capital Management L.P. cut its holdings in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 43.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 14,278 shares of the restaurant operator's stock after selling 10,815 shares during the period. Texas Roadhouse makes up approximately 2.1% of Savoir Faire Capital Management L.P.'s holdings, making the stock its 22nd biggest position. Savoir Faire Capital Management L.P.'s holdings in Texas Roadhouse were worth $2,379,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Bogart Wealth LLC purchased a new position in shares of Texas Roadhouse during the 1st quarter valued at $33,000. 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 valued at $35,000 after acquiring an additional 71 shares in the last quarter. Park Place Capital Corp grew its holdings in shares of Texas Roadhouse by 459.1% during the 1st quarter. Park Place Capital Corp now owns 369 shares of the restaurant operator's stock valued at $61,000 after acquiring an additional 303 shares in the last quarter. MassMutual Private Wealth & Trust FSB grew its holdings in shares of Texas Roadhouse by 41.9% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 379 shares of the restaurant operator's stock valued at $63,000 after acquiring an additional 112 shares in the last quarter. Finally, Versant Capital Management Inc grew its holdings in shares of Texas Roadhouse by 153.9% during the 1st quarter. Versant Capital Management Inc now owns 457 shares of the restaurant operator's stock valued at $76,000 after acquiring an additional 277 shares in the last quarter. Hedge funds and other institutional investors own 94.82% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on TXRH shares. Melius Research upgraded shares of Texas Roadhouse to a "strong-buy" rating in a research note on Monday, July 14th. Guggenheim raised their target price on shares of Texas Roadhouse from $200.00 to $210.00 and gave the company a "buy" rating in a research note on Friday, July 11th. Stephens reissued an "equal weight" rating and issued a $170.00 price target on shares of Texas Roadhouse in a report on Tuesday, June 10th. Citigroup downgraded shares of Texas Roadhouse from a "buy" rating to a "neutral" rating and reduced their price objective for the stock from $213.00 to $164.00 in a report on Wednesday, April 23rd. Finally, UBS Group raised their price objective on shares of Texas Roadhouse from $200.00 to $220.00 and gave the stock a "buy" rating in a report on Friday, June 6th. Ten equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $194.10.

Texas Roadhouse Price Performance

NASDAQ TXRH traded up $1.50 during trading hours on Friday, reaching $184.08. The company's stock had a trading volume of 594,372 shares, compared to its average volume of 935,314. The firm has a fifty day simple moving average of $189.94 and a 200-day simple moving average of $178.85. The stock has a market cap of $12.21 billion, a P/E ratio of 28.41, a P/E/G ratio of 2.43 and a beta of 0.87. Texas Roadhouse, Inc. has a 52 week low of $148.73 and a 52 week high of $206.04.

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

Texas Roadhouse Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 1st. Stockholders of record on Tuesday, June 3rd were paid a $0.68 dividend. The ex-dividend date was Tuesday, June 3rd. This represents a $2.72 annualized dividend and a dividend yield of 1.48%. Texas Roadhouse's dividend payout ratio is currently 41.98%.

Insider Buying and Selling at Texas Roadhouse

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

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.