Cubist Systematic Strategies LLC Trims Position in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Cubist Systematic Strategies LLC reduced its position in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 45.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 39,326 shares of the restaurant operator's stock after selling 32,609 shares during the period. Cubist Systematic Strategies LLC owned 0.06% of Texas Roadhouse worth $7,096,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Texas Roadhouse in the 4th quarter worth approximately $30,000. Coppell Advisory Solutions LLC lifted its position in Texas Roadhouse by 56.8% in the 4th 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. SBI Securities Co. Ltd. purchased a new stake in shares of Texas Roadhouse during the 4th quarter valued at about $36,000. MassMutual Private Wealth & Trust FSB lifted its holdings 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 acquiring an additional 65 shares during the period. Finally, VisionPoint Advisory Group LLC bought a new stake in shares of Texas Roadhouse during the 4th quarter valued at $64,000. 94.82% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Wedbush boosted their price target on Texas Roadhouse from $200.00 to $210.00 and gave the stock an "outperform" rating in a report on Friday, March 28th. Morgan Stanley raised Texas Roadhouse from an "equal weight" rating to an "overweight" rating and upped their price objective for the stock from $205.00 to $213.00 in a report on Tuesday, January 21st. Wells Fargo & Company reduced their price target on shares of Texas Roadhouse from $175.00 to $170.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 22nd. Truist Financial lowered their price objective on shares of Texas Roadhouse from $209.00 to $205.00 and set a "buy" rating for the company in a research report on Friday, February 21st. Finally, Stephens lowered their price target on shares of Texas Roadhouse from $186.00 to $180.00 and set an "equal weight" rating for the company in a report on Friday, February 21st. Ten investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $191.62.

Insider Activity

In related news, Director Curtis Warfield sold 4,190 shares of the firm's stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $178.80, for a total value of $749,172.00. Following the transaction, the director now directly owns 10,082 shares of the company's stock, valued at approximately $1,802,661.60. This trade represents a 29.36% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, President Regina A. Tobin sold 3,154 shares of the business's stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $185.64, for a total value of $585,508.56. Following the sale, the president now owns 18,414 shares of the company's stock, valued at approximately $3,418,374.96. This trade represents a 14.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 16,535 shares of company stock worth $2,952,507 over the last three months. 0.50% of the stock is currently owned by corporate insiders.

Texas Roadhouse Trading Up 5.1%

Shares of TXRH traded up $9.15 during midday trading on Monday, hitting $189.96. 1,842,489 shares of the company's stock traded hands, compared to its average volume of 894,288. The firm's fifty day moving average is $168.25 and its 200-day moving average is $179.39. Texas Roadhouse, Inc. has a 1 year low of $148.73 and a 1 year high of $206.04. The stock has a market capitalization of $12.62 billion, a price-to-earnings ratio of 29.36, a price-to-earnings-growth ratio of 1.23 and a beta of 0.87.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The restaurant operator reported $1.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.75 by ($0.05). Texas Roadhouse had a net margin of 8.07% and a return on equity of 34.02%. The company had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.44 billion. During the same quarter last year, the company earned $1.69 EPS. The business's revenue was up 11.8% compared to the same quarter last year. On average, equities research analysts anticipate that Texas Roadhouse, Inc. will post 7.23 EPS for the current year.

Texas Roadhouse Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Tuesday, June 3rd will be given a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a yield of 1.43%. The ex-dividend date is Tuesday, June 3rd. Texas Roadhouse's dividend payout ratio is currently 41.98%.

About Texas Roadhouse

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.