Texas Roadhouse, Inc. (NASDAQ:TXRH) Shares Sold by Teza Capital Management LLC

Teza Capital Management LLC lowered its position in Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 35.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,518 shares of the restaurant operator's stock after selling 3,061 shares during the period. Teza Capital Management LLC's holdings in Texas Roadhouse were worth $996,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in TXRH. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Texas Roadhouse during the fourth quarter valued at approximately $30,000. Coppell Advisory Solutions LLC raised its stake in shares of 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 acquiring an additional 71 shares in the last quarter. SBI Securities Co. Ltd. bought a new stake in shares of Texas Roadhouse during the fourth quarter valued at approximately $36,000. MassMutual Private Wealth & Trust FSB raised its stake in shares of Texas Roadhouse by 32.2% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 267 shares of the restaurant operator's stock valued at $48,000 after acquiring an additional 65 shares in the last quarter. Finally, VisionPoint Advisory Group LLC bought a new stake in shares of Texas Roadhouse during the fourth quarter valued at approximately $64,000. Institutional investors own 94.82% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Citigroup downgraded shares of Texas Roadhouse from a "buy" rating to a "neutral" rating and decreased their price target for the company from $213.00 to $164.00 in a research note on Wednesday, April 23rd. Wedbush lifted their price objective on shares of Texas Roadhouse from $200.00 to $210.00 and gave the company an "outperform" rating in a report on Friday, March 28th. Stifel Nicolaus cut their price objective on shares of Texas Roadhouse from $172.00 to $170.00 and set a "hold" rating on the stock in a report on Tuesday, April 15th. Guggenheim cut their price objective on shares of Texas Roadhouse from $205.00 to $200.00 and set a "buy" rating on the stock in a report on Thursday, February 27th. Finally, Truist Financial cut their price objective on shares of Texas Roadhouse from $209.00 to $205.00 and set a "buy" rating on the stock in a report on Friday, February 21st. Ten analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $191.62.

Insider Transactions at Texas Roadhouse

In related news, CTO Hernan E. Mujica sold 2,050 shares of the business's stock in a transaction on Monday, February 24th. The shares were sold at an average price of $170.66, for a total transaction of $349,853.00. Following the completion of the transaction, the chief technology officer now directly owns 17,162 shares in the company, valued at $2,928,866.92. The trade was a 10.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, 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 transaction, the director now owns 10,082 shares of the company's stock, valued at $1,802,661.60. This represents a 29.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 18,335 shares of company stock worth $3,289,343. Company insiders own 0.50% of the company's stock.

Texas Roadhouse Price Performance

NASDAQ TXRH traded up $1.26 on Friday, hitting $189.99. The stock had a trading volume of 662,543 shares, compared to its average volume of 910,786. The business's fifty day moving average price is $171.21 and its 200 day moving average price is $179.45. Texas Roadhouse, Inc. has a 52-week low of $148.73 and a 52-week high of $206.04. The stock has a market cap of $12.60 billion, a price-to-earnings ratio of 29.36, a price-to-earnings-growth ratio of 1.23 and a beta of 0.87.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last posted 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). Texas Roadhouse had a return on equity of 34.02% and a net margin of 8.07%. The company had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.44 billion. During the same quarter in the previous year, the firm posted $1.69 earnings per share. The company's quarterly revenue was up 11.8% on a year-over-year basis. As a group, sell-side analysts anticipate that Texas Roadhouse, Inc. will post 7.23 EPS for the current year.

Texas Roadhouse Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders 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 dividend yield of 1.43%. Texas Roadhouse's payout ratio is currently 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.