Texas Roadhouse, Inc. (NASDAQ:TXRH) Shares Acquired by Two Sigma Securities LLC

Two Sigma Securities LLC increased its stake in Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 3,604.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,704 shares of the restaurant operator's stock after purchasing an additional 3,604 shares during the quarter. Two Sigma Securities LLC's holdings in Texas Roadhouse were worth $668,000 at the end of the most recent quarter.

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

Analysts Set New Price Targets

Several analysts have weighed in on TXRH shares. Stifel Nicolaus dropped their price target 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. Robert W. Baird set a $180.00 target price on Texas Roadhouse and gave the stock an "outperform" rating in a research note on Monday, April 7th. Truist Financial lowered their target price on shares of Texas Roadhouse from $209.00 to $205.00 and set a "buy" rating on the stock in a research note on Friday, February 21st. Royal Bank of Canada cut their price target on shares of Texas Roadhouse from $200.00 to $180.00 and set a "sector perform" rating for the company in a report on Friday, February 21st. Finally, Wells Fargo & Company lowered their price objective on Texas Roadhouse from $175.00 to $170.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 22nd. Ten equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $192.29.

Texas Roadhouse Stock Performance

Texas Roadhouse stock traded up $1.48 during trading hours on Wednesday, reaching $166.15. 644,506 shares of the stock were exchanged, compared to its average volume of 884,759. The stock has a market cap of $11.04 billion, a P/E ratio of 25.68, a P/E/G ratio of 1.23 and a beta of 0.88. Texas Roadhouse, Inc. has a 52-week low of $148.73 and a 52-week high of $206.04. The firm's 50 day moving average is $169.21 and its 200 day moving average is $179.92.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The restaurant operator reported $1.73 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.66 by $0.07. The business 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%. Equities research analysts expect that Texas Roadhouse, Inc. will post 7.23 EPS for the current fiscal year.

Texas Roadhouse Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 18th were issued a $0.68 dividend. The ex-dividend date of this dividend was Tuesday, March 18th. This is an increase from Texas Roadhouse's previous quarterly dividend of $0.61. This represents a $2.72 annualized dividend and a yield of 1.64%. Texas Roadhouse's payout ratio is 42.04%.

Insider Buying and Selling at Texas Roadhouse

In other Texas Roadhouse news, Director Gregory N. Moore sold 2,700 shares of the business's stock in a transaction on Monday, February 24th. The stock was sold at an average price of $168.26, for a total value of $454,302.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CTO Hernan E. Mujica sold 2,050 shares of the business's stock in a transaction on Monday, February 24th. The shares were sold at an average price of $170.66, for a total value of $349,853.00. Following the completion of the transaction, the chief technology officer now owns 17,162 shares of the company's stock, valued at $2,928,866.92. This trade represents a 10.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 16,535 shares of company stock worth $2,952,507. 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.