Marshall Wace LLP Sells 298,408 Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH)

Marshall Wace LLP lowered its position in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 98.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,940 shares of the restaurant operator's stock after selling 298,408 shares during the period. Marshall Wace LLP's holdings in Texas Roadhouse were worth $1,072,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in TXRH. Barclays PLC increased its stake in shares of Texas Roadhouse by 14.4% during the third quarter. Barclays PLC now owns 1,180,842 shares of the restaurant operator's stock worth $208,539,000 after purchasing an additional 148,462 shares during the period. Wilmington Savings Fund Society FSB bought a new position in shares of Texas Roadhouse during the third quarter worth approximately $1,282,000. Synovus Financial Corp increased its stake in shares of Texas Roadhouse by 4.8% during the third quarter. Synovus Financial Corp now owns 6,711 shares of the restaurant operator's stock worth $1,185,000 after purchasing an additional 305 shares during the period. Franklin Resources Inc. increased its stake in Texas Roadhouse by 76.0% during the 3rd quarter. Franklin Resources Inc. now owns 893,925 shares of the restaurant operator's stock worth $157,375,000 after acquiring an additional 385,998 shares during the period. Finally, B. Riley Wealth Advisors Inc. bought a new position in Texas Roadhouse during the 3rd quarter worth $245,000. Institutional investors own 94.82% of the company's stock.

Texas Roadhouse Stock Performance

NASDAQ:TXRH opened at $164.67 on Wednesday. The company has a market capitalization of $10.94 billion, a PE ratio of 25.45, a P/E/G ratio of 1.23 and a beta of 0.88. The company has a 50 day simple moving average of $169.21 and a two-hundred day simple moving average of $179.92. Texas Roadhouse, Inc. has a fifty-two week low of $148.73 and a fifty-two week high of $206.04.

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

Texas Roadhouse Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 18th were given a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a yield of 1.65%. The ex-dividend date was Tuesday, March 18th. This is an increase from Texas Roadhouse's previous quarterly dividend of $0.61. Texas Roadhouse's dividend payout ratio is currently 42.04%.

Insider Buying and Selling at Texas Roadhouse

In other news, Director Curtis Warfield sold 3,281 shares of the firm's stock in a transaction that occurred on Tuesday, March 4th. The shares were 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 owns 6,801 shares of the company's stock, valued at $1,249,139.67. This trade represents a 32.54 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, President Regina A. Tobin sold 3,154 shares of the firm's stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $185.64, for a total transaction of $585,508.56. Following the sale, the president now directly owns 18,414 shares of the company's stock, valued at approximately $3,418,374.96. This trade represents a 14.62 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 16,535 shares of company stock valued at $2,952,507. 0.50% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. Robert W. Baird set a $180.00 price objective on Texas Roadhouse and gave the stock an "outperform" rating in a research note on Monday, April 7th. Gordon Haskett lowered Texas Roadhouse from a "buy" rating to a "hold" rating and set a $192.00 price objective on the stock. in a research note on Wednesday, January 8th. Guggenheim lowered their price objective on Texas Roadhouse from $205.00 to $200.00 and set a "buy" rating on the stock in a research note on Thursday, February 27th. Citigroup lowered Texas Roadhouse from a "buy" rating to a "neutral" rating and lowered their price objective for the stock from $213.00 to $164.00 in a research note on Wednesday, April 23rd. Finally, Wedbush raised their target price on Texas Roadhouse from $200.00 to $210.00 and gave the company an "outperform" rating in a report on Friday, March 28th. Ten investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, Texas Roadhouse currently has a consensus rating of "Moderate Buy" and an average target price of $192.29.

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.

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