Texas Roadhouse, Inc. (NASDAQ:TXRH) Shares Sold by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. trimmed its holdings in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 1.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,185 shares of the restaurant operator’s stock after selling 78 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in Texas Roadhouse were worth $1,116,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in TXRH. Natixis Advisors LLC raised its position in Texas Roadhouse by 3.5% during the third quarter. Natixis Advisors LLC now owns 31,832 shares of the restaurant operator’s stock worth $5,622,000 after acquiring an additional 1,066 shares during the period. Commerce Bank lifted its stake in Texas Roadhouse by 2.5% in the 3rd quarter. Commerce Bank now owns 6,388 shares of the restaurant operator’s stock valued at $1,128,000 after buying an additional 156 shares in the last quarter. First Horizon Advisors Inc. boosted its holdings in Texas Roadhouse by 158.1% in the 3rd quarter. First Horizon Advisors Inc. now owns 302 shares of the restaurant operator’s stock worth $53,000 after buying an additional 185 shares during the last quarter. Massachusetts Financial Services Co. MA purchased a new stake in Texas Roadhouse during the 3rd quarter worth approximately $17,853,000. Finally, Meridian Wealth Management LLC acquired a new position in shares of Texas Roadhouse during the third quarter valued at approximately $302,000. Hedge funds and other institutional investors own 94.82% of the company’s stock.

Insiders Place Their Bets

In related news, insider Christopher C. Colson sold 1,370 shares of the company’s stock in a transaction that occurred on Friday, January 10th. The shares were sold at an average price of $179.46, for a total transaction of $245,860.20. Following the sale, the insider now directly owns 10,000 shares in the company, valued at approximately $1,794,600. This represents a 12.05 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, President Regina A. Tobin sold 3,154 shares of Texas Roadhouse stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $185.64, for a total transaction of $585,508.56. Following the completion of the transaction, the president now owns 18,414 shares of the company’s stock, valued at $3,418,374.96. This represents a 14.62 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 17,905 shares of company stock worth $3,198,367 over the last 90 days. Corporate insiders own 0.50% of the company’s stock.

Wall Street Analysts Forecast Growth

TXRH has been the subject of several research reports. The Goldman Sachs Group began coverage on Texas Roadhouse in a research report on Thursday, December 5th. They set a “neutral” rating and a $213.00 price target for the company. Guggenheim dropped their target price on shares of Texas Roadhouse from $205.00 to $200.00 and set a “buy” rating for the company in a report on Thursday, February 27th. Morgan Stanley upgraded shares of Texas Roadhouse from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $205.00 to $213.00 in a research report on Tuesday, January 21st. JPMorgan Chase & Co. cut their price objective on shares of Texas Roadhouse from $185.00 to $184.00 and set a “neutral” rating for the company in a report on Thursday. Finally, Citigroup boosted their target price on Texas Roadhouse from $212.00 to $213.00 and gave the stock a “buy” rating in a report on Friday, February 21st. Eleven research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Texas Roadhouse presently has a consensus rating of “Moderate Buy” and an average target price of $192.91.

Texas Roadhouse Trading Down 0.5 %

TXRH stock opened at $169.88 on Friday. The business’s fifty day moving average price is $176.79 and its 200 day moving average price is $181.24. Texas Roadhouse, Inc. has a 12-month low of $146.75 and a 12-month high of $206.04. The company has a market capitalization of $11.29 billion, a PE ratio of 26.26, a P/E/G ratio of 1.23 and a beta of 1.00.

Texas Roadhouse (NASDAQ:TXRH) last issued its quarterly earnings results on Thursday, February 20th. The restaurant operator reported $1.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.66 by $0.07. Texas Roadhouse had a net margin of 8.07% and a return on equity of 34.02%. The company had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.41 billion. Research analysts predict 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 will be paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 18th will be given a $0.68 dividend. This represents a $2.72 annualized dividend and a yield of 1.60%. The ex-dividend date of this dividend is 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 currently 42.04%.

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.