Texas Roadhouse, Inc. (NASDAQ:TXRH) Position Reduced by Grandeur Peak Global Advisors LLC

Grandeur Peak Global Advisors LLC lessened its position in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 11.1% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 32,231 shares of the restaurant operator’s stock after selling 4,006 shares during the quarter. Grandeur Peak Global Advisors LLC’s holdings in Texas Roadhouse were worth $5,815,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Texas Roadhouse during the 4th quarter valued at $30,000. SBI Securities Co. Ltd. bought a new position in shares of Texas Roadhouse in the fourth quarter valued at approximately $36,000. MassMutual Private Wealth & Trust FSB lifted its stake in shares of Texas Roadhouse by 32.2% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 267 shares of the restaurant operator’s stock worth $48,000 after buying an additional 65 shares during the last quarter. VisionPoint Advisory Group LLC bought a new position in Texas Roadhouse in the 4th quarter worth $64,000. Finally, Asset Planning Inc bought a new position in shares of Texas Roadhouse in the fourth quarter worth about $74,000. Hedge funds and other institutional investors own 94.82% of the company’s stock.

Insider Activity

In related news, Director Gregory N. Moore sold 2,700 shares of Texas Roadhouse stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $168.26, for a total transaction of $454,302.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Christopher C. Colson sold 580 shares of the business’s stock in a transaction on Friday, February 28th. The stock was sold at an average price of $181.94, for a total transaction of $105,525.20. Following the completion of the sale, the insider now directly owns 12,000 shares in the company, valued at approximately $2,183,280. This represents a 4.61 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 16,535 shares of company stock worth $2,952,507. Insiders own 0.50% of the company’s stock.

Texas Roadhouse Price Performance

NASDAQ:TXRH opened at $160.17 on Friday. The company has a market cap of $10.64 billion, a P/E ratio of 24.76, a P/E/G ratio of 1.23 and a beta of 0.88. Texas Roadhouse, Inc. has a one year low of $146.79 and a one year high of $206.04. The firm’s fifty day moving average price is $171.92 and its two-hundred day moving average price is $181.07.

Texas Roadhouse (NASDAQ:TXRH) last released its earnings results on Thursday, February 20th. The restaurant operator reported $1.73 earnings per share (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 analyst estimates of $1.41 billion. Texas Roadhouse had a return on equity of 34.02% and a net margin of 8.07%. As a group, equities research analysts expect that Texas Roadhouse, Inc. will post 7.23 earnings per share for the current year.

Texas Roadhouse Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 18th were issued a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.70%. The ex-dividend date of this dividend was Tuesday, March 18th. This is an increase from Texas Roadhouse’s previous quarterly dividend of $0.61. Texas Roadhouse’s dividend payout ratio (DPR) is currently 42.04%.

Wall Street Analyst Weigh In

TXRH has been the topic of several research analyst reports. JPMorgan Chase & Co. lowered their price objective on shares of Texas Roadhouse from $185.00 to $184.00 and set a “neutral” rating on the stock in a research note on Thursday, March 20th. Wedbush lifted their target price on Texas Roadhouse from $200.00 to $210.00 and gave the stock an “outperform” rating in a research report on Friday, March 28th. Robert W. Baird set a $180.00 price objective on Texas Roadhouse and gave the company an “outperform” rating in a report on Monday. Gordon Haskett cut Texas Roadhouse from a “buy” rating to a “hold” rating and set a $192.00 price objective for the company. in a report on Wednesday, January 8th. Finally, Stifel Nicolaus cut their price target on shares of Texas Roadhouse from $185.00 to $172.00 and set a “hold” rating for the company in a report on Friday, February 21st. Ten research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $192.23.

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.