2,109 Shares in Texas Roadhouse, Inc. (NASDAQ:TXRH) Bought by Worldquant Millennium Advisors LLC

Worldquant Millennium Advisors LLC acquired a new position in Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The fund acquired 2,109 shares of the restaurant operator's stock, valued at approximately $381,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TXRH. Vanguard Group Inc. grew its position in shares of Texas Roadhouse by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 6,540,615 shares of the restaurant operator's stock worth $1,180,123,000 after buying an additional 76,051 shares in the last quarter. Invesco Ltd. raised its stake in shares of Texas Roadhouse by 5.9% during the fourth quarter. Invesco Ltd. now owns 2,479,323 shares of the restaurant operator's stock valued at $447,344,000 after purchasing an additional 138,675 shares in the last quarter. FMR LLC raised 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 in the last quarter. Geode Capital Management LLC raised its position in Texas Roadhouse by 0.5% in the fourth quarter. Geode Capital Management LLC now owns 1,207,645 shares of the restaurant operator's stock worth $217,959,000 after acquiring an additional 6,004 shares in the last quarter. Finally, Barclays PLC raised its position in Texas Roadhouse by 14.4% in the third quarter. Barclays PLC now owns 1,180,842 shares of the restaurant operator's stock worth $208,539,000 after acquiring an additional 148,462 shares in the last quarter. 94.82% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Texas Roadhouse news, insider Christopher C. Colson sold 580 shares of the firm's stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $181.94, for a total transaction of $105,525.20. Following the completion of the sale, the insider now directly owns 12,000 shares in the company, valued at approximately $2,183,280. This trade represents a 4.61% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Curtis Warfield sold 4,190 shares of the firm's stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $178.80, for a total transaction of $749,172.00. Following the sale, the director now directly owns 10,082 shares in the company, valued at approximately $1,802,661.60. The trade was a 29.36% 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 in the last three months. 0.50% of the stock is owned by corporate insiders.

Texas Roadhouse Stock Performance

TXRH traded down $2.41 during midday trading on Wednesday, reaching $197.40. The company had a trading volume of 217,339 shares, compared to its average volume of 911,698. The stock has a market cap of $13.10 billion, a PE ratio of 30.51, a P/E/G ratio of 1.23 and a beta of 0.87. The business has a 50-day moving average price of $172.19 and a two-hundred day moving average price of $179.42. 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 posted 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 during the quarter, compared to analysts' expectations of $1.44 billion. During the same period in the prior year, the business posted $1.69 earnings per share. The company's revenue for the quarter was up 11.8% on a year-over-year basis. On average, research analysts anticipate that Texas Roadhouse, Inc. will post 7.23 earnings per share for the current year.

Texas Roadhouse Announces Dividend

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

Analysts Set New Price Targets

A number of equities analysts recently weighed in on TXRH shares. Wedbush lifted their price target on Texas Roadhouse from $200.00 to $210.00 and gave the stock an "outperform" rating in a research note on Friday, March 28th. Robert W. Baird set a $180.00 price target on Texas Roadhouse and gave the stock an "outperform" rating in a research note on Monday, April 7th. Barclays decreased their price target on shares of Texas Roadhouse from $179.00 to $175.00 and set an "equal weight" rating for the company in a report on Friday, May 9th. Guggenheim decreased their price target on shares of Texas Roadhouse from $205.00 to $200.00 and set a "buy" rating for the company in a report on Thursday, February 27th. Finally, Stephens decreased their price target on shares of Texas Roadhouse from $186.00 to $180.00 and set an "equal weight" rating for the company in a report on Friday, February 21st. Ten analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus 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.