Texas Roadhouse, Inc. (NASDAQ:TXRH) Shares Sold by Two Sigma Investments LP

Two Sigma Investments LP lessened its holdings in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 25.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 221,955 shares of the restaurant operator's stock after selling 76,179 shares during the period. Two Sigma Investments LP owned approximately 0.33% of Texas Roadhouse worth $40,047,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. KLP Kapitalforvaltning AS acquired a new stake in shares of Texas Roadhouse during the 4th quarter valued at about $2,959,000. Zions Bancorporation N.A. boosted its position in Texas Roadhouse by 19.5% during the fourth quarter. Zions Bancorporation N.A. now owns 13,152 shares of the restaurant operator's stock worth $2,373,000 after purchasing an additional 2,144 shares in the last quarter. Bessemer Group Inc. boosted its position in Texas Roadhouse by 4.3% during the fourth quarter. Bessemer Group Inc. now owns 176,065 shares of the restaurant operator's stock worth $31,768,000 after purchasing an additional 7,301 shares in the last quarter. Chase Investment Counsel Corp acquired a new stake in Texas Roadhouse in the fourth quarter valued at approximately $316,000. Finally, Raymond James Financial Inc. purchased a new stake in shares of Texas Roadhouse in the fourth quarter valued at approximately $55,177,000. 94.82% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Gregory N. Moore sold 1,000 shares of the business's stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $187.62, for a total transaction of $187,620.00. Following the completion of the transaction, the director now directly owns 38,050 shares in the company, valued at approximately $7,138,941. The trade was a 2.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Gregory N. Moore sold 2,700 shares of the business'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 17,535 shares of company stock valued at $3,140,127 over the last quarter. Insiders own 0.50% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on TXRH. UBS Group cut their price target on shares of Texas Roadhouse from $210.00 to $200.00 and set a "buy" rating for the company in a report on Monday, May 5th. JPMorgan Chase & Co. cut their target price on shares of Texas Roadhouse from $185.00 to $184.00 and set a "neutral" rating for the company in a research note on Thursday, March 20th. Morgan Stanley upgraded shares of Texas Roadhouse from an "equal weight" rating to an "overweight" rating and upped their price target for the stock from $205.00 to $213.00 in a research report on Tuesday, January 21st. Truist Financial lowered their price objective on Texas Roadhouse from $209.00 to $205.00 and set a "buy" rating on the stock in a report on Friday, February 21st. Finally, Wedbush boosted their price objective on Texas Roadhouse from $200.00 to $210.00 and gave the stock an "outperform" rating in a research note on Friday, March 28th. Ten research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $191.62.

Texas Roadhouse Trading Down 1.1%

NASDAQ TXRH opened at $191.36 on Wednesday. The stock has a market cap of $12.72 billion, a P/E ratio of 29.58, a PEG ratio of 1.23 and a beta of 0.87. The company's fifty day simple moving average is $170.13 and its 200-day simple moving average is $179.50. 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 issued its quarterly earnings data 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). 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 analyst estimates of $1.44 billion. During the same quarter last year, the business earned $1.69 EPS. Texas Roadhouse'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 EPS for the current fiscal year.

Texas Roadhouse Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Tuesday, June 3rd will be paid a dividend of $0.68 per share. The ex-dividend date is Tuesday, June 3rd. This represents a $2.72 annualized dividend and a yield of 1.42%. Texas Roadhouse's dividend payout ratio (DPR) is 41.98%.

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.

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