Texas Roadhouse, Inc. (NASDAQ:TXRH) Shares Sold by Raymond James & Associates

Raymond James & Associates lowered its position in Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 32.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 66,150 shares of the restaurant operator's stock after selling 32,297 shares during the period. Raymond James & Associates owned about 0.10% of Texas Roadhouse worth $8,086,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of TXRH. Raymond James Financial Services Advisors Inc. boosted its holdings in Texas Roadhouse by 14.8% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 8,983 shares of the restaurant operator's stock worth $752,000 after buying an additional 1,156 shares during the period. Natixis Advisors L.P. lifted its stake in Texas Roadhouse by 11.4% in the 1st quarter. Natixis Advisors L.P. now owns 19,852 shares of the restaurant operator's stock worth $1,662,000 after purchasing an additional 2,029 shares in the last quarter. Acadian Asset Management LLC purchased a new stake in Texas Roadhouse in the 1st quarter worth $241,000. Rhumbline Advisers lifted its stake in Texas Roadhouse by 3.3% in the 1st quarter. Rhumbline Advisers now owns 193,677 shares of the restaurant operator's stock worth $16,217,000 after purchasing an additional 6,116 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in Texas Roadhouse by 10.5% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 25,524 shares of the restaurant operator's stock worth $2,137,000 after purchasing an additional 2,433 shares in the last quarter. Institutional investors own 94.82% of the company's stock.

Insiders Place Their Bets

In other news, insider Christopher C. Colson sold 2,011 shares of the stock in a transaction that occurred on Tuesday, January 9th. The shares were sold at an average price of $119.19, for a total transaction of $239,691.09. Following the transaction, the insider now directly owns 6,500 shares in the company, valued at $774,735. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, President Regina A. Tobin sold 3,064 shares of the stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $150.07, for a total transaction of $459,814.48. Following the transaction, the president now directly owns 15,261 shares in the company, valued at $2,290,218.27. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Christopher C. Colson sold 2,011 shares of the stock in a transaction that occurred on Tuesday, January 9th. The shares were sold at an average price of $119.19, for a total transaction of $239,691.09. Following the transaction, the insider now owns 6,500 shares in the company, valued at $774,735. The disclosure for this sale can be found here. Insiders have sold 14,393 shares of company stock worth $2,082,837 in the last three months. Corporate insiders own 0.50% of the company's stock.

Texas Roadhouse Price Performance

TXRH stock traded up $0.20 during mid-day trading on Monday, reaching $150.19. The company had a trading volume of 583,060 shares, compared to its average volume of 801,402. The company has a market capitalization of $10.04 billion, a PE ratio of 33.15, a price-to-earnings-growth ratio of 1.65 and a beta of 0.99. The firm has a 50 day moving average of $145.81 and a 200 day moving average of $122.15. Texas Roadhouse, Inc. has a 12 month low of $91.06 and a 12 month high of $157.12.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last issued its earnings results on Thursday, February 15th. The restaurant operator reported $1.08 EPS for the quarter, topping analysts' consensus estimates of $1.07 by $0.01. The business had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.16 billion. Texas Roadhouse had a net margin of 6.58% and a return on equity of 27.43%. The company's revenue for the quarter was up 15.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.89 EPS. Analysts anticipate that Texas Roadhouse, Inc. will post 5.71 EPS for the current year.

Texas Roadhouse Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 26th. Shareholders of record on Wednesday, March 13th were paid a $0.61 dividend. This is an increase from Texas Roadhouse's previous quarterly dividend of $0.55. This represents a $2.44 dividend on an annualized basis and a yield of 1.62%. The ex-dividend date was Tuesday, March 12th. Texas Roadhouse's dividend payout ratio is currently 53.86%.

Wall Street Analysts Forecast Growth

Several analysts have commented on TXRH shares. Truist Financial boosted their price target on shares of Texas Roadhouse from $152.00 to $168.00 and gave the stock a "buy" rating in a research note on Tuesday, April 2nd. Wedbush boosted their price target on shares of Texas Roadhouse from $160.00 to $170.00 and gave the stock an "outperform" rating in a research note on Friday. Robert W. Baird upgraded shares of Texas Roadhouse from a "neutral" rating to an "outperform" rating and boosted their price target for the stock from $160.00 to $175.00 in a research note on Wednesday, March 13th. JPMorgan Chase & Co. boosted their price target on shares of Texas Roadhouse from $142.00 to $145.00 and gave the stock a "neutral" rating in a research note on Tuesday, March 19th. Finally, UBS Group boosted their price target on shares of Texas Roadhouse from $145.00 to $155.00 and gave the stock a "buy" rating in a research note on Friday, February 16th. Ten equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, Texas Roadhouse has a consensus rating of "Hold" and a consensus price target of $133.55.

About Texas Roadhouse

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.