SG Americas Securities LLC Has $232,000 Position in Texas Roadhouse, Inc. (NASDAQ:TXRH)

SG Americas Securities LLC reduced its stake in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 92.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,896 shares of the restaurant operator's stock after selling 23,601 shares during the period. SG Americas Securities LLC's holdings in Texas Roadhouse were worth $232,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of TXRH. Raymond James Financial Services Advisors Inc. lifted its holdings in shares of Texas Roadhouse by 14.8% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 8,983 shares of the restaurant operator's stock worth $752,000 after acquiring an additional 1,156 shares during the period. Natixis Advisors L.P. raised its holdings in Texas Roadhouse by 11.4% in the first quarter. Natixis Advisors L.P. now owns 19,852 shares of the restaurant operator's stock valued at $1,662,000 after buying an additional 2,029 shares during the period. Acadian Asset Management LLC purchased a new position in Texas Roadhouse in the first quarter valued at approximately $241,000. Rhumbline Advisers raised its holdings in Texas Roadhouse by 3.3% in the first quarter. Rhumbline Advisers now owns 193,677 shares of the restaurant operator's stock valued at $16,217,000 after buying an additional 6,116 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in Texas Roadhouse by 10.5% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 25,524 shares of the restaurant operator's stock valued at $2,137,000 after buying an additional 2,433 shares during the period. 94.82% of the stock is currently owned by hedge funds and other institutional investors.

Texas Roadhouse Stock Performance

Shares of TXRH stock traded down $0.34 during mid-day trading on Friday, reaching $148.63. 641,497 shares of the company were exchanged, compared to its average volume of 792,276. Texas Roadhouse, Inc. has a fifty-two week low of $91.06 and a fifty-two week high of $157.12. The company has a market capitalization of $9.93 billion, a P/E ratio of 32.84, a P/E/G ratio of 1.65 and a beta of 0.99. The business's 50 day simple moving average is $147.14 and its 200 day simple moving average is $122.90.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last released its quarterly earnings results on Thursday, February 15th. The restaurant operator reported $1.08 earnings per share for the quarter, topping analysts' consensus estimates of $1.07 by $0.01. The business had revenue of $1.16 billion during 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 business's quarterly revenue was up 15.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.89 earnings per share. On average, analysts forecast that Texas Roadhouse, Inc. will post 5.71 EPS for the current year.

Texas Roadhouse Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 26th. Shareholders of record on Wednesday, March 13th were issued a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a yield of 1.64%. The ex-dividend date was Tuesday, March 12th. This is an increase from Texas Roadhouse's previous quarterly dividend of $0.55. Texas Roadhouse's payout ratio is currently 53.86%.

Wall Street Analyst Weigh In

TXRH has been the topic of several research reports. Piper Sandler raised their price target on shares of Texas Roadhouse from $110.00 to $136.00 and gave the company a "neutral" rating in a report on Tuesday, February 20th. Truist Financial raised their price target on shares of Texas Roadhouse from $152.00 to $168.00 and gave the company a "buy" rating in a report on Tuesday, April 2nd. Northcoast Research lowered shares of Texas Roadhouse from a "buy" rating to a "neutral" rating in a report on Tuesday, February 20th. Robert W. Baird upgraded shares of Texas Roadhouse from a "neutral" rating to an "outperform" rating and raised their price target for the company from $160.00 to $175.00 in a report on Wednesday, March 13th. Finally, Stephens assumed coverage on shares of Texas Roadhouse in a report on Friday. They issued an "equal weight" rating and a $150.00 price target on the stock. Eleven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $136.05.

Insiders Place Their Bets

In other Texas Roadhouse news, President Regina A. Tobin sold 3,064 shares of Texas Roadhouse stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $150.07, for a total value of $459,814.48. Following the completion of the transaction, the president now owns 15,261 shares of the company's stock, valued at $2,290,218.27. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Texas Roadhouse news, Director Donna E. Epps sold 670 shares of the firm's stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $149.97, for a total value of $100,479.90. Following the sale, the director now directly owns 4,142 shares in the company, valued at $621,175.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, President Regina A. Tobin sold 3,064 shares of the firm's stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $150.07, for a total value of $459,814.48. Following the completion of the sale, the president now owns 15,261 shares in the company, valued at $2,290,218.27. The disclosure for this sale can be found here. Insiders sold a total of 12,382 shares of company stock valued at $1,843,145 over the last 90 days. 0.50% of the stock is owned by company insiders.

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.