Texas Roadhouse, Inc. (NASDAQ:TXRH) Shares Sold by Savoir Faire Capital Management L.P.

Savoir Faire Capital Management L.P. lowered its holdings in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 17.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 17,546 shares of the restaurant operator’s stock after selling 3,782 shares during the period. Savoir Faire Capital Management L.P.’s holdings in Texas Roadhouse were worth $3,099,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its position in Texas Roadhouse by 0.8% during the first quarter. Vanguard Group Inc. now owns 6,476,056 shares of the restaurant operator’s stock worth $1,000,356,000 after acquiring an additional 53,419 shares during the last quarter. Geneva Capital Management LLC raised its position in shares of Texas Roadhouse by 0.4% in the third quarter. Geneva Capital Management LLC now owns 922,405 shares of the restaurant operator’s stock valued at $162,897,000 after buying an additional 3,584 shares during the last quarter. AQR Capital Management LLC raised its position in shares of Texas Roadhouse by 22.3% in the second quarter. AQR Capital Management LLC now owns 909,847 shares of the restaurant operator’s stock valued at $156,230,000 after buying an additional 165,738 shares during the last quarter. Marshall Wace LLP raised its position in shares of Texas Roadhouse by 128.9% in the second quarter. Marshall Wace LLP now owns 765,096 shares of the restaurant operator’s stock valued at $131,375,000 after buying an additional 430,814 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of Texas Roadhouse by 0.3% in the second quarter. Bank of New York Mellon Corp now owns 744,624 shares of the restaurant operator’s stock valued at $127,859,000 after buying an additional 2,578 shares during the last quarter. Institutional investors and hedge funds own 94.82% of the company’s stock.

Texas Roadhouse Price Performance

Shares of Texas Roadhouse stock opened at $195.77 on Tuesday. The company has a market capitalization of $13.06 billion, a price-to-earnings ratio of 33.64, a P/E/G ratio of 1.69 and a beta of 0.98. The business has a fifty day simple moving average of $180.28 and a two-hundred day simple moving average of $172.83. Texas Roadhouse, Inc. has a 1 year low of $109.13 and a 1 year high of $203.32.

Texas Roadhouse (NASDAQ:TXRH) last issued its quarterly earnings results on Thursday, October 24th. The restaurant operator reported $1.26 EPS for the quarter, missing analysts’ consensus estimates of $1.32 by ($0.06). The company had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.27 billion. Texas Roadhouse had a return on equity of 31.33% and a net margin of 7.65%. The firm’s revenue for the quarter was up 13.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.95 EPS. As a group, equities analysts anticipate that Texas Roadhouse, Inc. will post 6.39 earnings per share for the current fiscal year.

Texas Roadhouse Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 10th will be paid a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.25%. The ex-dividend date of this dividend is Tuesday, December 10th. Texas Roadhouse’s dividend payout ratio is currently 41.92%.

Insider Buying and Selling

In related news, CTO Hernan E. Mujica sold 1,500 shares of the company’s stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $202.26, for a total transaction of $303,390.00. Following the completion of the sale, the chief technology officer now owns 16,342 shares in the company, valued at approximately $3,305,332.92. This represents a 8.41 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Donna E. Epps sold 610 shares of the company’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $195.66, for a total value of $119,352.60. Following the sale, the director now owns 3,532 shares of the company’s stock, valued at $691,071.12. This trade represents a 14.73 % decrease in their position. The disclosure for this sale can be found here. 0.50% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the stock. Evercore ISI boosted their price objective on shares of Texas Roadhouse from $195.00 to $200.00 and gave the company an “outperform” rating in a research report on Tuesday, October 15th. Royal Bank of Canada boosted their target price on shares of Texas Roadhouse from $175.00 to $185.00 and gave the company a “sector perform” rating in a report on Friday, October 25th. Loop Capital lowered their target price on shares of Texas Roadhouse from $215.00 to $209.00 and set a “buy” rating for the company in a report on Monday, October 28th. UBS Group boosted their price objective on shares of Texas Roadhouse from $200.00 to $210.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Finally, BTIG Research upped their target price on shares of Texas Roadhouse from $175.00 to $190.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Twelve investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, Texas Roadhouse currently has a consensus rating of “Hold” and an average target price of $189.00.

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.