AGF Management Ltd. Has $3.04 Million Holdings in Texas Roadhouse, Inc. (NASDAQ:TXRH)

AGF Management Ltd. lessened its position in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 16.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 24,846 shares of the restaurant operator's stock after selling 4,796 shares during the period. AGF Management Ltd.'s holdings in Texas Roadhouse were worth $3,037,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Operose Advisors LLC purchased a new stake in shares of Texas Roadhouse during the 3rd quarter valued at about $28,000. Fifth Third Bancorp grew its stake in Texas Roadhouse by 35.8% during the 3rd quarter. Fifth Third Bancorp now owns 474 shares of the restaurant operator's stock valued at $46,000 after purchasing an additional 125 shares in the last quarter. TFC Financial Management Inc. increased its holdings in Texas Roadhouse by 100.0% during the 4th quarter. TFC Financial Management Inc. now owns 580 shares of the restaurant operator's stock worth $71,000 after purchasing an additional 290 shares during the last quarter. Benjamin F. Edwards & Company Inc. acquired a new position in shares of Texas Roadhouse in the 4th quarter valued at approximately $81,000. Finally, GAMMA Investing LLC purchased a new position in shares of Texas Roadhouse during the 4th quarter valued at approximately $88,000. 94.82% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts recently issued reports on TXRH shares. Morgan Stanley upped their price target on shares of Texas Roadhouse from $145.00 to $155.00 and gave the company an "equal weight" rating in a report on Friday, May 3rd. UBS Group upped their target price on shares of Texas Roadhouse from $145.00 to $155.00 and gave the company a "buy" rating in a research note on Friday, February 16th. Piper Sandler lifted their price target on Texas Roadhouse from $110.00 to $136.00 and gave the stock a "neutral" rating in a research note on Tuesday, February 20th. JPMorgan Chase & Co. increased their target price on Texas Roadhouse from $142.00 to $145.00 and gave the stock a "neutral" rating in a report on Tuesday, March 19th. Finally, BTIG Research boosted their price target on Texas Roadhouse from $155.00 to $175.00 and gave the company a "buy" rating in a report on Friday, May 3rd. Thirteen investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $155.55.

Insider Activity at Texas Roadhouse

In other Texas Roadhouse news, CEO Gerald L. Morgan sold 5,000 shares of the business's stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $147.90, for a total value of $739,500.00. Following the sale, the chief executive officer now owns 92,847 shares of the company's stock, valued at approximately $13,732,071.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Texas Roadhouse news, Director Curtis Warfield sold 1,025 shares of the stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $165.82, for a total transaction of $169,965.50. Following the completion of the transaction, the director now directly owns 12,372 shares in the company, valued at $2,051,525.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Gerald L. Morgan sold 5,000 shares of the business's stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $147.90, for a total transaction of $739,500.00. Following the completion of the sale, the chief executive officer now owns 92,847 shares in the company, valued at approximately $13,732,071.30. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 13,407 shares of company stock worth $2,013,111. 0.50% of the stock is owned by corporate insiders.

Texas Roadhouse Price Performance

Shares of NASDAQ TXRH traded up $2.37 during trading hours on Tuesday, hitting $167.89. 631,657 shares of the stock were exchanged, compared to its average volume of 810,532. The firm has a market capitalization of $11.21 billion, a P/E ratio of 33.51, a P/E/G ratio of 1.70 and a beta of 1.00. The company's 50 day moving average is $154.54 and its 200 day moving average is $133.00. Texas Roadhouse, Inc. has a one year low of $91.06 and a one year high of $170.39.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last released its earnings results on Thursday, May 2nd. The restaurant operator reported $1.69 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 analysts' expectations of $1.32 billion. Texas Roadhouse had a net margin of 6.94% and a return on equity of 28.85%. The business's quarterly revenue was up 12.5% compared to the same quarter last year. During the same period in the prior year, the company earned $1.28 EPS. Research analysts anticipate that Texas Roadhouse, Inc. will post 5.96 earnings per share for the current fiscal year.

Texas Roadhouse Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 26th. Stockholders of record on Wednesday, March 13th were given a dividend of $0.61 per share. The ex-dividend date was Tuesday, March 12th. This is a boost from Texas Roadhouse's previous quarterly dividend of $0.55. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.45%. Texas Roadhouse's payout ratio is currently 49.39%.

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.