Texas Roadhouse, Inc. (NASDAQ:TXRH) Shares Sold by Man Group plc

Man Group plc lessened its position in Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 28.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 257,519 shares of the restaurant operator's stock after selling 103,114 shares during the period. Man Group plc owned about 0.39% of Texas Roadhouse worth $46,464,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Texas Roadhouse during the 4th quarter valued at about $30,000. Coppell Advisory Solutions LLC grew its position in shares of Texas Roadhouse by 56.8% during the 4th 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 during the period. SBI Securities Co. Ltd. purchased a new position in Texas Roadhouse in the 4th quarter valued at about $36,000. MassMutual Private Wealth & Trust FSB lifted its stake in shares of Texas Roadhouse by 32.2% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 267 shares of the restaurant operator's stock worth $48,000 after buying an additional 65 shares in the last quarter. Finally, VisionPoint Advisory Group LLC acquired a new position in Texas Roadhouse in the 4th quarter valued at about $64,000. Institutional investors own 94.82% of the company's stock.

Insider Activity

In related news, Director Curtis Warfield sold 4,190 shares of the firm'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 sale, the director now owns 10,082 shares in the company, valued at approximately $1,802,661.60. This trade represents a 29.36% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CTO Hernan E. Mujica sold 2,050 shares of the business's stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $170.66, for a total value of $349,853.00. Following the sale, the chief technology officer now owns 17,162 shares of the company's stock, valued at approximately $2,928,866.92. This trade represents a 10.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 17,535 shares of company stock valued at $3,140,127 in the last ninety days. Insiders own 0.50% of the company's stock.

Texas Roadhouse Trading Down 1.1%

NASDAQ:TXRH traded down $2.06 during trading hours on Tuesday, reaching $191.47. 157,538 shares of the company traded hands, compared to its average volume of 905,108. The business's 50-day moving average price is $169.66 and its two-hundred day moving average price is $179.41. Texas Roadhouse, Inc. has a 1 year low of $148.73 and a 1 year high of $206.04. The stock has a market capitalization of $12.72 billion, a P/E ratio of 29.56, a P/E/G ratio of 1.23 and a beta of 0.87.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last posted its earnings results on Thursday, May 8th. The restaurant operator reported $1.70 earnings per share for the quarter, missing analysts' consensus estimates of $1.75 by ($0.05). The business had revenue of $1.45 billion during the quarter, compared to analysts' expectations of $1.44 billion. Texas Roadhouse had a net margin of 8.07% and a return on equity of 34.02%. The company's revenue for the quarter was up 11.8% compared to the same quarter last year. During the same period last year, the business posted $1.69 earnings per share. As a group, equities analysts anticipate that Texas Roadhouse, Inc. will post 7.23 EPS for the current year.

Texas Roadhouse Dividend Announcement

The company 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 $0.68 dividend. This represents a $2.72 annualized dividend and a dividend yield of 1.42%. The ex-dividend date of this dividend is Tuesday, June 3rd. Texas Roadhouse's payout ratio is 41.98%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the stock. Guggenheim lowered their price objective on shares of Texas Roadhouse from $205.00 to $200.00 and set a "buy" rating for the company in a research note on Thursday, February 27th. Stifel Nicolaus dropped 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. Morgan Stanley upgraded Texas Roadhouse from an "equal weight" rating to an "overweight" rating and increased their price objective for the stock from $205.00 to $213.00 in a research report on Tuesday, January 21st. Royal Bank of Canada dropped their price target on Texas Roadhouse from $200.00 to $180.00 and set a "sector perform" rating for the company in a research note on Friday, February 21st. Finally, UBS Group dropped their price target on shares of Texas Roadhouse from $210.00 to $200.00 and set a "buy" rating for the company in a research note on Monday, May 5th. Ten research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $191.62.

Texas Roadhouse 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.