Texas Roadhouse, Inc. (NASDAQ:TXRH) Shares Sold by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. trimmed its stake in Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 13.0% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,583 shares of the restaurant operator's stock after selling 1,738 shares during the period. Sumitomo Mitsui Trust Group Inc.'s holdings in Texas Roadhouse were worth $1,930,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Coppell Advisory Solutions LLC boosted 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 purchasing an additional 71 shares during the last quarter. SBI Securities Co. Ltd. bought a new position in shares of Texas Roadhouse during the 4th quarter valued at about $36,000. Park Place Capital Corp boosted 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 purchasing an additional 303 shares during the last quarter. MassMutual Private Wealth & Trust FSB boosted 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 purchasing an additional 112 shares during the last quarter. Finally, Versant Capital Management Inc boosted 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 purchasing an additional 277 shares during the last quarter. 94.82% of the stock is currently owned by hedge funds and other institutional investors.

Texas Roadhouse Price Performance

Shares of Texas Roadhouse stock traded down $2.63 during trading hours on Friday, hitting $188.50. The company had a trading volume of 405,473 shares, compared to its average volume of 935,658. The company's 50-day moving average is $186.82 and its two-hundred day moving average is $178.54. Texas Roadhouse, Inc. has a twelve month low of $148.73 and a twelve month high of $206.04. The company has a market cap of $12.51 billion, a P/E ratio of 29.09, a price-to-earnings-growth ratio of 2.53 and a beta of 0.87.

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

Texas Roadhouse Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 1st. Stockholders of record on Tuesday, June 3rd were paid a $0.68 dividend. This represents a $2.72 annualized dividend and a dividend yield of 1.44%. The ex-dividend date was Tuesday, June 3rd. Texas Roadhouse's dividend payout ratio (DPR) is presently 41.98%.

Wall Street Analyst Weigh In

TXRH has been the subject of several research reports. The Goldman Sachs Group increased their price objective on shares of Texas Roadhouse from $184.00 to $205.00 and gave the company a "neutral" rating in a report on Wednesday, June 4th. Stephens reissued an "equal weight" rating and set a $170.00 price objective on shares of Texas Roadhouse in a report on Tuesday, June 10th. Wedbush upped their target price on shares of Texas Roadhouse from $200.00 to $210.00 and gave the company an "outperform" rating in a research report on Friday, March 28th. Truist Financial set a $212.00 target price on shares of Texas Roadhouse and gave the company a "buy" rating in a research report on Wednesday. Finally, Citigroup cut shares of Texas Roadhouse from a "buy" rating to a "neutral" rating and decreased their target price for the company from $213.00 to $164.00 in a research report on Wednesday, April 23rd. Ten investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. Based on data from MarketBeat, Texas Roadhouse currently has an average rating of "Moderate Buy" and an average target price of $192.05.

Insider Buying and Selling at Texas Roadhouse

In other Texas Roadhouse news, Director Gregory N. Moore sold 1,000 shares of the company's stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $187.62, for a total transaction of $187,620.00. Following the transaction, the director directly owned 38,050 shares in the company, valued at approximately $7,138,941. This represents a 2.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Donna E. Epps sold 800 shares of the company's stock in a transaction that occurred on 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 sale, the director owned 4,632 shares in the company, 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 company insiders.

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.