Texas Roadhouse, Inc. (NASDAQ:TXRH) Position Trimmed by AQR Capital Management LLC

AQR Capital Management LLC reduced its holdings in Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 6.1% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 817,820 shares of the restaurant operator's stock after selling 52,812 shares during the quarter. AQR Capital Management LLC owned approximately 1.23% of Texas Roadhouse worth $147,559,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of TXRH. Cornerstone Investment Partners LLC boosted its position in Texas Roadhouse by 2.7% during the 4th quarter. Cornerstone Investment Partners LLC now owns 2,159 shares of the restaurant operator's stock valued at $390,000 after purchasing an additional 56 shares during the period. Lifestyle Asset Management Inc. lifted its stake in Texas Roadhouse by 3.9% in the fourth quarter. Lifestyle Asset Management Inc. now owns 1,603 shares of the restaurant operator's stock valued at $289,000 after buying an additional 60 shares during the last quarter. MassMutual Private Wealth & Trust FSB boosted its holdings in shares of Texas Roadhouse by 32.2% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 267 shares of the restaurant operator's stock valued at $48,000 after acquiring an additional 65 shares during the period. Coppell Advisory Solutions LLC grew its position in shares of Texas Roadhouse by 56.8% during the fourth quarter. Coppell Advisory Solutions LLC now owns 196 shares of the restaurant operator's stock worth $35,000 after acquiring an additional 71 shares during the last quarter. Finally, Trek Financial LLC increased its holdings in shares of Texas Roadhouse by 5.9% in the 4th quarter. Trek Financial LLC now owns 1,407 shares of the restaurant operator's stock worth $254,000 after acquiring an additional 79 shares during the period. 94.82% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have commented on TXRH shares. Barclays upped their target price on shares of Texas Roadhouse from $178.00 to $179.00 and gave the stock an "equal weight" rating in a research report on Tuesday, April 22nd. Stephens decreased their price objective on Texas Roadhouse from $186.00 to $180.00 and set an "equal weight" rating for the company in a report on Friday, February 21st. Stifel Nicolaus cut their target price on Texas Roadhouse from $172.00 to $170.00 and set a "hold" rating on the stock in a research note on Tuesday, April 15th. Wells Fargo & Company decreased their price target on Texas Roadhouse from $175.00 to $170.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 22nd. Finally, Citigroup lowered shares of Texas Roadhouse from a "buy" rating to a "neutral" rating and lowered their price objective for the company from $213.00 to $164.00 in a research note on Wednesday, April 23rd. Ten investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $192.29.

Texas Roadhouse Price Performance

Shares of Texas Roadhouse stock opened at $164.67 on Wednesday. The stock has a 50-day simple moving average of $169.21 and a 200-day simple moving average of $179.92. Texas Roadhouse, Inc. has a 52-week low of $148.73 and a 52-week high of $206.04. The firm has a market cap of $10.94 billion, a price-to-earnings ratio of 25.45, a P/E/G ratio of 1.23 and a beta of 0.88.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last posted its earnings results on Thursday, February 20th. The restaurant operator reported $1.73 EPS for the quarter, topping the consensus estimate of $1.66 by $0.07. The company 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%. As a group, equities research analysts predict that Texas Roadhouse, Inc. will post 7.23 earnings per share for the current year.

Texas Roadhouse Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 18th were issued a dividend of $0.68 per share. This is a positive change from Texas Roadhouse's previous quarterly dividend of $0.61. This represents a $2.72 annualized dividend and a yield of 1.65%. The ex-dividend date was Tuesday, March 18th. Texas Roadhouse's dividend payout ratio (DPR) is 42.04%.

Insiders Place Their Bets

In related news, insider Christopher C. Colson sold 580 shares of the company's stock in a transaction on Friday, February 28th. The shares were sold at an average price of $181.94, for a total transaction of $105,525.20. Following the completion of the sale, the insider now directly owns 12,000 shares of the company's stock, valued at approximately $2,183,280. This represents a 4.61 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Curtis Warfield sold 4,190 shares of the firm's stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $178.80, for a total transaction of $749,172.00. Following the completion of the transaction, the director now owns 10,082 shares in the company, valued at $1,802,661.60. The trade was a 29.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 16,535 shares of company stock valued at $2,952,507 over the last quarter. Insiders own 0.50% of the company's stock.

Texas Roadhouse 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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