Y Intercept Hong Kong Ltd Sells 16,342 Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH)

Y Intercept Hong Kong Ltd lessened its holdings in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 65.2% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 8,741 shares of the restaurant operator's stock after selling 16,342 shares during the period. Y Intercept Hong Kong Ltd's holdings in Texas Roadhouse were worth $1,457,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Norges Bank bought a new stake in Texas Roadhouse during the 4th quarter worth about $155,239,000. Congress Asset Management Co. lifted its position in shares of Texas Roadhouse by 8,956.4% during the first quarter. Congress Asset Management Co. now owns 465,679 shares of the restaurant operator's stock worth $77,596,000 after purchasing an additional 460,537 shares in the last quarter. FMR LLC grew its stake in shares of Texas Roadhouse by 44.8% during the fourth quarter. FMR LLC now owns 1,300,987 shares of the restaurant operator's stock valued at $234,737,000 after purchasing an additional 402,465 shares during the last quarter. T. Rowe Price Investment Management Inc. increased its holdings in shares of Texas Roadhouse by 255.1% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 520,352 shares of the restaurant operator's stock valued at $93,888,000 after purchasing an additional 373,812 shares in the last quarter. Finally, GAMMA Investing LLC raised its position in Texas Roadhouse by 19,250.9% in the 1st quarter. GAMMA Investing LLC now owns 325,095 shares of the restaurant operator's stock worth $54,171,000 after purchasing an additional 323,415 shares during the last quarter. 94.82% of the stock is currently owned by institutional investors and hedge funds.

Texas Roadhouse Stock Performance

NASDAQ:TXRH traded up $3.95 during trading hours on Friday, reaching $188.14. The stock had a trading volume of 651,034 shares, compared to its average volume of 780,092. The stock has a market cap of $12.48 billion, a P/E ratio of 29.03, a price-to-earnings-growth ratio of 2.65 and a beta of 0.87. The stock has a 50 day simple moving average of $189.42 and a 200 day simple moving average of $178.96. Texas Roadhouse, Inc. has a 12-month low of $148.73 and a 12-month high of $206.04.

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

Texas Roadhouse Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 1st. Investors of record on Tuesday, June 3rd were paid a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a yield of 1.45%. The ex-dividend date of this dividend was Tuesday, June 3rd. Texas Roadhouse's dividend payout ratio is 41.98%.

Insider Activity

In related news, Director Donna E. Epps sold 800 shares of the stock in a transaction 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 transaction, the director owned 4,632 shares of the company's stock, valued at $863,960.64. This represents a 14.73% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Gregory N. Moore sold 1,000 shares of the stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $187.62, for a total value of $187,620.00. Following the transaction, the director owned 38,050 shares in the company, valued at $7,138,941. This trade represents a 2.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.50% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on TXRH shares. Bank of America raised their price target on Texas Roadhouse from $203.00 to $219.00 and gave the company a "buy" rating in a report on Friday, July 18th. Citigroup lowered shares of Texas Roadhouse from a "buy" rating to a "neutral" rating and reduced their target price for the company from $213.00 to $164.00 in a research note on Wednesday, April 23rd. Stephens reissued an "equal weight" rating and set a $170.00 price target on shares of Texas Roadhouse in a research note on Tuesday, June 10th. Robert W. Baird set a $180.00 price objective on shares of Texas Roadhouse and gave the company an "outperform" rating in a report on Monday, April 7th. Finally, Stifel Nicolaus lifted their target price on shares of Texas Roadhouse from $180.00 to $188.00 and gave the stock a "hold" rating in a report on Friday. Ten equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $195.20.

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.