Texas Roadhouse, Inc. (NASDAQ:TXRH) Shares Sold by WINTON GROUP Ltd

WINTON GROUP Ltd reduced its stake in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 25.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,806 shares of the restaurant operator’s stock after selling 1,318 shares during the period. WINTON GROUP Ltd’s holdings in Texas Roadhouse were worth $687,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. True Wealth Design LLC acquired a new position in Texas Roadhouse in the third quarter worth about $30,000. Mirae Asset Global Investments Co. Ltd. bought a new position in Texas Roadhouse during the 4th quarter worth approximately $30,000. SBI Securities Co. Ltd. acquired a new position in shares of Texas Roadhouse in the 4th quarter worth approximately $36,000. MassMutual Private Wealth & Trust FSB increased its holdings in shares of Texas Roadhouse by 32.2% in the 4th 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 last quarter. Finally, VisionPoint Advisory Group LLC acquired a new stake in shares of Texas Roadhouse during the 4th quarter valued at approximately $64,000. Institutional investors own 94.82% of the company’s stock.

Insider Buying and Selling

In other news, President Regina A. Tobin sold 3,154 shares of the company’s stock in a transaction 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 sale, the president now directly owns 18,414 shares of the company’s stock, valued at $3,418,374.96. This represents a 14.62 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Christopher C. Colson sold 1,370 shares of the 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 owns 10,000 shares of the company’s stock, valued at $1,794,600. This trade represents a 12.05 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 17,905 shares of company stock worth $3,198,367. Corporate insiders own 0.50% of the company’s stock.

Analyst Ratings Changes

TXRH has been the subject of several recent research reports. Morgan Stanley upgraded shares of Texas Roadhouse from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $205.00 to $213.00 in a research note on Tuesday, January 21st. Barclays lowered their price objective on shares of Texas Roadhouse from $194.00 to $178.00 and set an “equal weight” rating for the company in a research report on Friday, February 21st. Royal Bank of Canada cut their target price on shares of Texas Roadhouse from $200.00 to $180.00 and set a “sector perform” rating on the stock in a report on Friday, February 21st. The Goldman Sachs Group began coverage on Texas Roadhouse in a report on Thursday, December 5th. They set a “neutral” rating and a $213.00 target price for the company. Finally, Citigroup raised their price target on Texas Roadhouse from $212.00 to $213.00 and gave the stock a “buy” rating in a report on Friday, February 21st. Eleven equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, Texas Roadhouse has a consensus rating of “Moderate Buy” and an average target price of $193.36.

Texas Roadhouse Stock Performance

Shares of NASDAQ TXRH opened at $171.05 on Friday. Texas Roadhouse, Inc. has a 1 year low of $146.75 and a 1 year high of $206.04. The firm has a market cap of $11.37 billion, a P/E ratio of 26.44, a PEG ratio of 1.23 and a beta of 1.00. The stock has a fifty day moving average price of $176.36 and a two-hundred day moving average price of $181.65.

Texas Roadhouse (NASDAQ:TXRH) last announced its earnings results on Thursday, February 20th. The restaurant operator reported $1.73 earnings per share for the quarter, beating the consensus estimate of $1.66 by $0.07. Texas Roadhouse had a return on equity of 34.02% and a net margin of 8.07%. The business had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.41 billion. On average, research analysts predict that Texas Roadhouse, Inc. will post 7.23 earnings per share for the current fiscal year.

Texas Roadhouse Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Tuesday, March 18th will be paid a dividend of $0.68 per share. The ex-dividend date of this dividend is Tuesday, March 18th. This is a positive change from Texas Roadhouse’s previous quarterly dividend of $0.61. This represents a $2.72 annualized dividend and a yield of 1.59%. Texas Roadhouse’s dividend payout ratio 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.