FORA Capital LLC Sells 8,870 Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH)

FORA Capital LLC lowered its position in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 67.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,358 shares of the restaurant operator's stock after selling 8,870 shares during the period. FORA Capital LLC's holdings in Texas Roadhouse were worth $786,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in TXRH. Mirae Asset Global Investments Co. Ltd. purchased a new position in Texas Roadhouse in the 4th quarter valued at about $30,000. Coppell Advisory Solutions LLC lifted its stake in shares of Texas Roadhouse by 56.8% in the fourth quarter. Coppell Advisory Solutions LLC now owns 196 shares of the restaurant operator's stock worth $35,000 after acquiring an additional 71 shares in the last quarter. SBI Securities Co. Ltd. purchased a new position in Texas Roadhouse in the fourth quarter valued at about $36,000. MassMutual Private Wealth & Trust FSB grew its stake in Texas Roadhouse by 32.2% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 267 shares of the restaurant operator's stock valued at $48,000 after purchasing an additional 65 shares in the last quarter. Finally, VisionPoint Advisory Group LLC purchased a new stake in Texas Roadhouse during the 4th quarter worth approximately $64,000. 94.82% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CTO Hernan E. Mujica sold 2,050 shares of the stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $170.66, for a total transaction of $349,853.00. Following the completion of the sale, the chief technology officer now owns 17,162 shares in the company, valued at $2,928,866.92. This represents a 10.67% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Gregory N. Moore sold 2,700 shares of the firm's stock in a transaction that occurred on Monday, February 24th. The shares were 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 16,535 shares of company stock worth $2,952,507 in the last quarter. 0.50% of the stock is currently owned by company insiders.

Texas Roadhouse Stock Performance

Shares of Texas Roadhouse stock traded up $9.15 during trading on Monday, hitting $189.96. 1,842,489 shares of the stock traded hands, compared to its average volume of 894,288. The stock has a market cap of $12.62 billion, a P/E ratio of 29.36, a PEG ratio of 1.23 and a beta of 0.87. The company has a fifty day moving average price of $168.33 and a two-hundred day moving average price of $179.40. Texas Roadhouse, Inc. has a twelve month low of $148.73 and a twelve 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 business had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.44 billion. During the same period in the prior year, the firm earned $1.69 earnings per share. The business's revenue was up 11.8% on a year-over-year basis. On average, equities research analysts expect that Texas Roadhouse, Inc. will post 7.23 EPS for the current fiscal year.

Texas Roadhouse Dividend Announcement

The company also recently announced 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 dividend on an annualized basis and a yield of 1.43%. Texas Roadhouse's payout ratio is presently 41.98%.

Wall Street Analysts Forecast Growth

TXRH has been the subject of several research analyst reports. Wedbush increased their target price on Texas Roadhouse from $200.00 to $210.00 and gave the company an "outperform" rating in a research note on Friday, March 28th. Citigroup downgraded Texas Roadhouse from a "buy" rating to a "neutral" rating and decreased their price target for the stock from $213.00 to $164.00 in a research note on Wednesday, April 23rd. Robert W. Baird set a $180.00 price objective on Texas Roadhouse and gave the company an "outperform" rating in a research note on Monday, April 7th. Stifel Nicolaus reduced their target price on Texas Roadhouse from $172.00 to $170.00 and set a "hold" rating on the stock in a report on Tuesday, April 15th. Finally, Stephens lowered their price target on 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 equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price 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.