Los Angeles Capital Management LLC Trims Stock Position in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Los Angeles Capital Management LLC lessened its position in Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 77.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,715 shares of the restaurant operator's stock after selling 30,276 shares during the period. Los Angeles Capital Management LLC's holdings in Texas Roadhouse were worth $1,065,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Operose Advisors LLC purchased a new position in shares of Texas Roadhouse during the 3rd quarter worth about $28,000. Fifth Third Bancorp raised its holdings in shares of Texas Roadhouse by 35.8% in the 3rd quarter. Fifth Third Bancorp now owns 474 shares of the restaurant operator's stock worth $46,000 after purchasing an additional 125 shares during the period. TFC Financial Management Inc. grew its stake in Texas Roadhouse by 100.0% during the fourth quarter. TFC Financial Management Inc. now owns 580 shares of the restaurant operator's stock worth $71,000 after buying an additional 290 shares during the period. GAMMA Investing LLC purchased a new stake in shares of Texas Roadhouse in the fourth quarter worth about $88,000. Finally, Headlands Technologies LLC purchased a new position in Texas Roadhouse in the 3rd quarter worth approximately $96,000. Hedge funds and other institutional investors own 94.82% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on TXRH shares. Truist Financial increased their price target on Texas Roadhouse from $170.00 to $181.00 and gave the company a "buy" rating in a report on Friday, May 3rd. UBS Group boosted their price objective on Texas Roadhouse from $145.00 to $155.00 and gave the company a "buy" rating in a report on Friday, February 16th. Robert W. Baird boosted their price objective on Texas Roadhouse from $178.00 to $182.00 and gave the company an "outperform" rating in a report on Friday, May 3rd. Barclays boosted their price objective on Texas Roadhouse from $138.00 to $160.00 and gave the company an "equal weight" rating in a report on Friday, May 3rd. Finally, Stifel Nicolaus boosted their price objective on Texas Roadhouse from $155.00 to $175.00 and gave the company a "hold" rating in a report on Monday. Thirteen analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $155.55.

Texas Roadhouse Trading Up 0.4 %

NASDAQ:TXRH traded up $0.73 on Friday, hitting $167.22. The company had a trading volume of 455,471 shares, compared to its average volume of 813,845. The stock has a market capitalization of $11.17 billion, a price-to-earnings ratio of 33.70, a PEG ratio of 1.73 and a beta of 1.00. The firm has a 50 day moving average of $153.87 and a two-hundred day moving average of $131.50. Texas Roadhouse, Inc. has a 52 week low of $91.06 and a 52 week high of $170.39.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last released its quarterly earnings results on Thursday, May 2nd. The restaurant operator reported $1.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.65 by $0.04. The firm had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.32 billion. Texas Roadhouse had a net margin of 6.94% and a return on equity of 28.85%. The company's revenue for the quarter was up 12.5% on a year-over-year basis. During the same quarter last year, the firm earned $1.28 earnings per share. As a group, equities analysts forecast that Texas Roadhouse, Inc. will post 5.9 EPS for the current year.

Texas Roadhouse Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 26th. Stockholders of record on Wednesday, March 13th were paid a dividend of $0.61 per share. The ex-dividend date of this dividend was Tuesday, March 12th. This represents a $2.44 annualized dividend and a dividend yield of 1.46%. This is an increase from Texas Roadhouse's previous quarterly dividend of $0.55. Texas Roadhouse's dividend payout ratio (DPR) is presently 49.39%.

Insider Activity

In other news, Director Donna E. Epps sold 670 shares of the stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $149.97, for a total transaction of $100,479.90. Following the completion of the sale, the director now directly owns 4,142 shares in the company, valued at $621,175.74. The transaction was disclosed in a filing with the SEC, which is available at this link. 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 shares were sold at an average price of $149.97, for a total value of $100,479.90. Following the completion of the sale, the director now directly owns 4,142 shares in the company, valued at $621,175.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Christopher C. Colson sold 405 shares of the firm's stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $149.05, for a total transaction of $60,365.25. Following the completion of the transaction, the insider now directly owns 8,500 shares in the company, valued at $1,266,925. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 12,382 shares of company stock valued at $1,843,145. Insiders own 0.50% of the company's stock.

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.