Texas Roadhouse, Inc. (NASDAQ:TXRH) Shares Sold by Trexquant Investment LP

Trexquant Investment LP lessened its stake in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 35.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 70,167 shares of the restaurant operator's stock after selling 39,160 shares during the period. Trexquant Investment LP owned approximately 0.11% of Texas Roadhouse worth $12,660,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. FMR LLC boosted its stake in Texas Roadhouse by 81.6% in the 3rd quarter. FMR LLC now owns 898,522 shares of the restaurant operator's stock worth $158,679,000 after purchasing an additional 403,720 shares in the last quarter. BNP Paribas Financial Markets raised its holdings in Texas Roadhouse by 12.4% in the third quarter. BNP Paribas Financial Markets now owns 51,181 shares of the restaurant operator's stock worth $9,039,000 after buying an additional 5,660 shares during the last quarter. Glenmede Trust Co. NA lifted its stake in shares of Texas Roadhouse by 22.4% in the third quarter. Glenmede Trust Co. NA now owns 2,048 shares of the restaurant operator's stock worth $362,000 after buying an additional 375 shares in the last quarter. Captrust Financial Advisors grew its holdings in shares of Texas Roadhouse by 72.8% during the third quarter. Captrust Financial Advisors now owns 15,727 shares of the restaurant operator's stock valued at $2,777,000 after buying an additional 6,624 shares during the last quarter. Finally, Edgestream Partners L.P. bought a new stake in shares of Texas Roadhouse during the third quarter valued at approximately $1,951,000. Hedge funds and other institutional investors own 94.82% of the company's stock.

Analysts Set New Price Targets

TXRH has been the topic of several analyst reports. Stephens lowered their price objective on Texas Roadhouse from $186.00 to $180.00 and set an "equal weight" rating on the stock in a research report on Friday, February 21st. Truist Financial lowered their price target on Texas Roadhouse from $209.00 to $205.00 and set a "buy" rating on the stock in a report on Friday, February 21st. Stifel Nicolaus reduced their price objective on Texas Roadhouse from $185.00 to $172.00 and set a "hold" rating for the company in a report on Friday, February 21st. Guggenheim decreased their target price on Texas Roadhouse from $205.00 to $200.00 and set a "buy" rating for the company in a research report on Thursday, February 27th. Finally, Citigroup raised their price target on shares of Texas Roadhouse from $212.00 to $213.00 and gave the company a "buy" rating in a report on Friday, February 21st. Eleven analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, Texas Roadhouse currently has an average rating of "Moderate Buy" and a consensus target price of $193.36.

Texas Roadhouse Price Performance

Shares of TXRH traded down $7.19 during mid-day trading on Friday, reaching $159.86. 1,929,890 shares of the company's stock traded hands, compared to its average volume of 851,029. The stock's 50-day moving average is $175.08 and its two-hundred day moving average is $181.77. Texas Roadhouse, Inc. has a 12 month low of $146.75 and a 12 month high of $206.04. The stock has a market cap of $10.62 billion, a P/E ratio of 24.71, a P/E/G ratio of 1.23 and a beta of 0.88.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last posted its quarterly 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 for 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%. 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 given a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a yield of 1.70%. The ex-dividend date was Tuesday, March 18th. This is a boost from Texas Roadhouse's previous quarterly dividend of $0.61. Texas Roadhouse's dividend payout ratio (DPR) is 42.04%.

Insider Activity

In other news, President Regina A. Tobin sold 3,154 shares of Texas Roadhouse stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $185.64, for a total transaction of $585,508.56. Following the completion of the sale, the president now directly owns 18,414 shares in the company, valued at approximately $3,418,374.96. The trade was a 14.62 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Christopher C. Colson sold 1,370 shares of the company's stock in a transaction on Friday, January 10th. The shares were sold at an average price of $179.46, for a total value of $245,860.20. Following the completion of the transaction, the insider now directly owns 10,000 shares in the company, valued at approximately $1,794,600. The trade was a 12.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 17,905 shares of company stock worth $3,198,367. 0.50% of the stock is currently owned by company insiders.

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.