Two Sigma Advisers LP Has $4.78 Million Holdings in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Two Sigma Advisers LP lessened its position in Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 45.2% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 26,500 shares of the restaurant operator's stock after selling 21,900 shares during the period. Two Sigma Advisers LP's holdings in Texas Roadhouse were worth $4,781,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in TXRH. Mirae Asset Global Investments Co. Ltd. bought a new position in Texas Roadhouse during the 4th quarter valued at about $30,000. Coppell Advisory Solutions LLC increased its holdings 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 worth $35,000 after buying an additional 71 shares in the last quarter. SBI Securities Co. Ltd. bought a new position in shares of Texas Roadhouse in the fourth quarter valued at approximately $36,000. VisionPoint Advisory Group LLC acquired a new position in shares of Texas Roadhouse in the 4th quarter worth approximately $64,000. Finally, Asset Planning Inc bought a new stake in Texas Roadhouse during the 4th quarter worth approximately $74,000. Institutional investors own 94.82% of the company's stock.

Texas Roadhouse Price Performance

TXRH stock traded down $1.16 during midday trading on Friday, reaching $194.64. 225,178 shares of the company were exchanged, compared to its average volume of 912,855. Texas Roadhouse, Inc. has a one year low of $148.73 and a one year high of $206.04. The firm has a market capitalization of $12.91 billion, a price-to-earnings ratio of 29.99, a price-to-earnings-growth ratio of 1.23 and a beta of 0.87. The business has a 50-day moving average price of $173.12 and a two-hundred day moving average price of $179.54.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last announced its earnings results 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 the consensus estimate of $1.44 billion. During the same period in the previous year, the firm posted $1.69 EPS. The business's quarterly revenue was up 11.8% on a year-over-year basis. As a group, analysts anticipate that Texas Roadhouse, Inc. will post 7.23 earnings per share for the current fiscal year.

Texas Roadhouse Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Tuesday, June 3rd will be paid a $0.68 dividend. The ex-dividend date is Tuesday, June 3rd. This represents a $2.72 annualized dividend and a yield of 1.40%. Texas Roadhouse's dividend payout ratio (DPR) is presently 41.98%.

Insider Buying and Selling at Texas Roadhouse

In other news, Director Curtis Warfield sold 3,281 shares of the company's stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $183.67, for a total transaction of $602,621.27. Following the completion of the sale, the director now directly owns 6,801 shares in the company, valued at approximately $1,249,139.67. This represents a 32.54% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Gregory N. Moore sold 1,000 shares of Texas Roadhouse stock in a transaction that occurred on Monday, May 12th. The shares were 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 $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. Insiders have sold a total of 8,235 shares of company stock valued at $1,524,966 in the last ninety days. 0.50% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. JPMorgan Chase & Co. cut their price objective on Texas Roadhouse from $185.00 to $184.00 and set a "neutral" rating for the company in a research report on Thursday, March 20th. Citigroup lowered Texas Roadhouse from a "buy" rating to a "neutral" rating and lowered their target price for the company from $213.00 to $164.00 in a research note on Wednesday, April 23rd. 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. Stifel Nicolaus decreased 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. Finally, UBS Group lowered their price objective on Texas Roadhouse from $210.00 to $200.00 and set a "buy" rating for the company in a research report on Monday, May 5th. Ten investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $191.62.

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.