Texas Roadhouse, Inc. (NASDAQ:TXRH) Shares Sold by Mariner LLC

Mariner LLC reduced its position in Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 16.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 14,578 shares of the restaurant operator's stock after selling 2,852 shares during the period. Mariner LLC's holdings in Texas Roadhouse were worth $2,630,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Texas Roadhouse in the 4th quarter valued at about $30,000. SBI Securities Co. Ltd. acquired a new stake in Texas Roadhouse in the 4th quarter worth approximately $36,000. MassMutual Private Wealth & Trust FSB raised its position 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 worth $48,000 after buying an additional 65 shares during the last quarter. VisionPoint Advisory Group LLC purchased a new position in Texas Roadhouse during the 4th quarter worth approximately $64,000. Finally, Asset Planning Inc purchased a new position in Texas Roadhouse during the 4th quarter worth approximately $74,000. 94.82% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on TXRH shares. Citigroup lowered shares of Texas Roadhouse from a "buy" rating to a "neutral" rating and reduced their price target for the stock from $213.00 to $164.00 in a research report on Wednesday, April 23rd. Stifel Nicolaus reduced their price target on shares of Texas Roadhouse from $172.00 to $170.00 and set a "hold" rating for the company in a research report on Tuesday, April 15th. JPMorgan Chase & Co. cut their target price on shares of Texas Roadhouse from $185.00 to $184.00 and set a "neutral" rating for the company in a report on Thursday, March 20th. Wedbush lifted their target price 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. Finally, Gordon Haskett lowered shares of Texas Roadhouse from a "buy" rating to a "hold" rating and set a $192.00 target price for the company. in a report on Wednesday, January 8th. Ten equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $192.29.

Texas Roadhouse Trading Up 3.1 %

TXRH traded up $5.02 on Monday, hitting $166.66. 1,863,973 shares of the company's stock were exchanged, compared to its average volume of 884,280. Texas Roadhouse, Inc. has a fifty-two week low of $148.73 and a fifty-two week high of $206.04. The firm has a 50-day moving average price of $169.35 and a 200-day moving average price of $180.03. The stock has a market cap of $11.07 billion, a price-to-earnings ratio of 25.76, a P/E/G ratio of 1.23 and a beta of 0.88.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The restaurant operator reported $1.73 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.66 by $0.07. Texas Roadhouse had a net margin of 8.07% and a return on equity of 34.02%. The firm had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.41 billion. On average, equities analysts predict that Texas Roadhouse, Inc. will post 7.23 EPS for the current year.

Texas Roadhouse Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 18th were given a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a dividend yield of 1.63%. The ex-dividend date was Tuesday, March 18th. This is a positive change from Texas Roadhouse's previous quarterly dividend of $0.61. Texas Roadhouse's payout ratio is presently 42.04%.

Insider Activity

In other news, President Regina A. Tobin sold 3,154 shares of Texas Roadhouse stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $185.64, for a total transaction of $585,508.56. Following the sale, the president now owns 18,414 shares of the company's stock, valued at approximately $3,418,374.96. The trade was a 14.62 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CTO Hernan E. Mujica sold 2,050 shares of Texas Roadhouse stock in a transaction that occurred 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 sale, the chief technology officer now directly owns 17,162 shares in the company, valued at approximately $2,928,866.92. The trade was a 10.67 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 16,535 shares of company stock valued at $2,952,507. 0.50% of the stock is currently owned by company insiders.

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.