Texas Roadhouse, Inc. (NASDAQ:TXRH) Shares Sold by Twinbeech Capital LP

Twinbeech Capital LP cut its stake in Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 84.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 7,558 shares of the restaurant operator's stock after selling 41,708 shares during the period. Twinbeech Capital LP's holdings in Texas Roadhouse were worth $1,364,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Cornerstone Investment Partners LLC boosted its position in shares of Texas Roadhouse by 2.7% in the fourth quarter. Cornerstone Investment Partners LLC now owns 2,159 shares of the restaurant operator's stock worth $390,000 after acquiring an additional 56 shares during the last quarter. Lifestyle Asset Management Inc. boosted its position in shares of Texas Roadhouse by 3.9% in the fourth quarter. Lifestyle Asset Management Inc. now owns 1,603 shares of the restaurant operator's stock worth $289,000 after acquiring an additional 60 shares during the last quarter. MassMutual Private Wealth & Trust FSB boosted its position in shares of Texas Roadhouse by 32.2% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 267 shares of the restaurant operator's stock worth $48,000 after acquiring an additional 65 shares during the last quarter. Coppell Advisory Solutions LLC lifted its position in Texas Roadhouse by 56.8% during the fourth quarter. Coppell Advisory Solutions LLC now owns 196 shares of the restaurant operator's stock valued at $35,000 after buying an additional 71 shares in the last quarter. Finally, Trek Financial LLC lifted its position in Texas Roadhouse by 5.9% during the fourth 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. 94.82% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Texas Roadhouse

In other Texas Roadhouse news, Director Curtis Warfield sold 4,190 shares of the business's stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $178.80, for a total transaction of $749,172.00. Following the completion of the sale, the director now owns 10,082 shares in the company, valued at $1,802,661.60. The trade was a 29.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Donna E. Epps sold 800 shares of the business's stock in a transaction on Friday, May 23rd. The shares were sold at an average price of $186.52, for a total transaction of $149,216.00. Following the sale, the director now owns 4,632 shares of the company's stock, valued at approximately $863,960.64. The trade was a 14.73% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 13,585 shares of company stock worth $2,485,188 over the last 90 days. Insiders own 0.50% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on TXRH shares. Wells Fargo & Company reduced their price target on shares of Texas Roadhouse from $175.00 to $170.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 22nd. Barclays reduced their price target 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. Stifel Nicolaus reduced 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. Guggenheim reduced their price target on shares of Texas Roadhouse from $205.00 to $200.00 and set a "buy" rating on the stock in a research report on Thursday, February 27th. Finally, Stephens reduced 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. Ten investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $191.62.

Texas Roadhouse Price Performance

Shares of NASDAQ:TXRH traded up $7.28 during midday trading on Tuesday, reaching $197.27. The company had a trading volume of 274,966 shares, compared to its average volume of 1,174,603. The stock's fifty day moving average price is $171.61 and its 200-day moving average price is $179.28. The stock has a market capitalization of $13.09 billion, a P/E ratio of 30.52, a PEG ratio of 1.23 and a beta of 0.87. Texas Roadhouse, Inc. has a one year low of $148.73 and a one year high of $206.04.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last released its earnings results on Thursday, May 8th. The restaurant operator reported $1.70 earnings per share for the quarter, missing the consensus estimate of $1.75 by ($0.05). Texas Roadhouse had a net margin of 8.07% and a return on equity of 34.02%. The business 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 firm earned $1.69 EPS. The firm's revenue for the quarter was up 11.8% on a year-over-year basis. As a group, sell-side analysts forecast that Texas Roadhouse, Inc. will post 7.23 earnings per share for the current year.

Texas Roadhouse Announces Dividend

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 dividend of $0.68 per share. The ex-dividend date of this dividend is Tuesday, June 3rd. This represents a $2.72 annualized dividend and a yield of 1.38%. Texas Roadhouse's payout ratio is 41.98%.

About Texas Roadhouse

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.