Xponance Inc. Sells 376 Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH)

Xponance Inc. trimmed its position in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 2.5% during the 4th quarter, HoldingsChannel reports. The fund owned 14,750 shares of the restaurant operator’s stock after selling 376 shares during the quarter. Xponance Inc.’s holdings in Texas Roadhouse were worth $1,803,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TXRH. Comerica Bank acquired a new stake in Texas Roadhouse during the third quarter valued at approximately $10,585,000. Bamco Inc. NY boosted its holdings in Texas Roadhouse by 16.9% during the third quarter. Bamco Inc. NY now owns 296,213 shares of the restaurant operator’s stock valued at $28,466,000 after purchasing an additional 42,755 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Texas Roadhouse by 1.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 754,658 shares of the restaurant operator’s stock valued at $72,523,000 after purchasing an additional 8,219 shares in the last quarter. Assenagon Asset Management S.A. acquired a new position in shares of Texas Roadhouse in the 3rd quarter worth approximately $8,748,000. Finally, Boston Trust Walden Corp boosted its holdings in shares of Texas Roadhouse by 12.9% in the 4th quarter. Boston Trust Walden Corp now owns 777,202 shares of the restaurant operator’s stock worth $94,997,000 after acquiring an additional 89,019 shares in the last quarter. 94.82% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on TXRH. Stephens began coverage on Texas Roadhouse in a report on Friday, April 12th. They issued an “equal weight” rating and a $150.00 target price on the stock. JPMorgan Chase & Co. upped their target price on shares of Texas Roadhouse from $142.00 to $145.00 and gave the company a “neutral” rating in a research report on Tuesday, March 19th. Morgan Stanley upped their price objective on shares of Texas Roadhouse from $135.00 to $145.00 and gave the company an “equal weight” rating in a research report on Friday, April 12th. Wells Fargo & Company upped their price objective on shares of Texas Roadhouse from $125.00 to $140.00 and gave the company an “equal weight” rating in a research report on Friday, February 16th. Finally, Piper Sandler upped their price objective on shares of Texas Roadhouse from $110.00 to $136.00 and gave the company a “neutral” rating in a research report on Tuesday, February 20th. Eleven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $136.05.

Texas Roadhouse Stock Performance

Shares of NASDAQ:TXRH opened at $156.87 on Wednesday. Texas Roadhouse, Inc. has a 52-week low of $91.06 and a 52-week high of $157.12. The company has a market capitalization of $10.48 billion, a P/E ratio of 34.63, a price-to-earnings-growth ratio of 1.67 and a beta of 0.99. The company has a 50-day simple moving average of $150.15 and a 200 day simple moving average of $126.40.

Texas Roadhouse (NASDAQ:TXRH) last issued its earnings results on Thursday, February 15th. The restaurant operator reported $1.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.07 by $0.01. Texas Roadhouse had a net margin of 6.58% and a return on equity of 27.43%. The business had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.16 billion. During the same period last year, the business posted $0.89 EPS. Texas Roadhouse’s revenue was up 15.3% on a year-over-year basis. As a group, equities analysts forecast that Texas Roadhouse, Inc. will post 5.75 earnings per share for the current year.

Texas Roadhouse Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 26th. Investors of record on Wednesday, March 13th were paid a $0.61 dividend. This is an increase from Texas Roadhouse’s previous quarterly dividend of $0.55. This represents a $2.44 annualized dividend and a yield of 1.56%. The ex-dividend date of this dividend was Tuesday, March 12th. Texas Roadhouse’s dividend payout ratio (DPR) is 53.86%.

Insider Activity at Texas Roadhouse

In other Texas Roadhouse news, Director Curtis Warfield sold 2,365 shares of the stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $148.68, for a total value of $351,628.20. Following the transaction, the director now directly owns 13,397 shares of the company’s stock, valued at approximately $1,991,865.96. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Texas Roadhouse news, Director Curtis Warfield sold 2,365 shares of the stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $148.68, for a total value of $351,628.20. Following the transaction, the director now directly owns 13,397 shares of the company’s stock, valued at approximately $1,991,865.96. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Christopher C. Colson sold 405 shares of the stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $149.05, for a total transaction of $60,365.25. Following the completion of the transaction, the insider now directly owns 8,500 shares in the company, valued at $1,266,925. The disclosure for this sale can be found here. In the last ninety days, insiders sold 12,382 shares of company stock worth $1,843,145. Insiders own 0.50% of the company’s stock.

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.