GPM Growth Investors Inc. Trims Holdings in Texas Roadhouse, Inc. (NASDAQ:TXRH)

GPM Growth Investors Inc. decreased its position in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 0.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 28,926 shares of the restaurant operator’s stock after selling 247 shares during the quarter. Texas Roadhouse accounts for approximately 1.7% of GPM Growth Investors Inc.’s investment portfolio, making the stock its 24th largest holding. GPM Growth Investors Inc.’s holdings in Texas Roadhouse were worth $3,536,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Red Spruce Capital LLC increased its holdings in Texas Roadhouse by 0.5% in the fourth quarter. Red Spruce Capital LLC now owns 22,359 shares of the restaurant operator’s stock valued at $2,733,000 after buying an additional 110 shares in the last quarter. Avior Wealth Management LLC raised its holdings in Texas Roadhouse by 3.2% in the 4th quarter. Avior Wealth Management LLC now owns 3,579 shares of the restaurant operator’s stock worth $437,000 after purchasing an additional 111 shares during the period. Fifth Third Bancorp raised its holdings in Texas Roadhouse by 35.8% in the 3rd quarter. Fifth Third Bancorp now owns 474 shares of the restaurant operator’s stock worth $46,000 after purchasing an additional 125 shares during the period. Prospector Partners LLC boosted its position in Texas Roadhouse by 0.4% during the third quarter. Prospector Partners LLC now owns 34,575 shares of the restaurant operator’s stock worth $3,323,000 after purchasing an additional 150 shares in the last quarter. Finally, Treasurer of the State of North Carolina grew its holdings in Texas Roadhouse by 0.5% in the third quarter. Treasurer of the State of North Carolina now owns 29,360 shares of the restaurant operator’s stock valued at $2,821,000 after purchasing an additional 150 shares during the period. Hedge funds and other institutional investors own 94.82% of the company’s stock.

Insider Buying and Selling at Texas Roadhouse

In other news, Director Curtis Warfield sold 2,365 shares of the firm’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $148.68, for a total transaction of $351,628.20. Following the completion of the transaction, the director now directly owns 13,397 shares in the company, valued at $1,991,865.96. The transaction was disclosed in a document filed with the SEC, which is available at this link. In related news, Director Donna E. Epps sold 670 shares of Texas Roadhouse stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $149.97, for a total value of $100,479.90. Following the completion of the transaction, the director now owns 4,142 shares in the company, valued at $621,175.74. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Curtis Warfield sold 2,365 shares of the stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $148.68, for a total transaction of $351,628.20. Following the sale, the director now owns 13,397 shares in the company, valued at $1,991,865.96. The disclosure for this sale can be found here. Insiders have sold a total of 12,382 shares of company stock valued at $1,843,145 over the last quarter. 0.50% of the stock is owned by company insiders.

Texas Roadhouse Stock Performance

Shares of Texas Roadhouse stock traded up $1.44 during trading hours on Tuesday, hitting $160.65. The company’s stock had a trading volume of 351,958 shares, compared to its average volume of 793,503. The stock has a market cap of $10.74 billion, a price-to-earnings ratio of 35.15, a P/E/G ratio of 1.71 and a beta of 0.99. Texas Roadhouse, Inc. has a twelve month low of $91.06 and a twelve month high of $161.58. The firm has a fifty day moving average of $151.53 and a 200-day moving average of $128.18.

Texas Roadhouse (NASDAQ:TXRH) last posted its earnings results on Thursday, February 15th. The restaurant operator reported $1.08 EPS for the quarter, beating analysts’ consensus estimates of $1.07 by $0.01. Texas Roadhouse had a net margin of 6.58% and a return on equity of 27.43%. The company had revenue of $1.16 billion for the quarter, compared to analysts’ expectations of $1.16 billion. During the same quarter in the prior year, the company posted $0.89 earnings per share. Texas Roadhouse’s revenue for the quarter was up 15.3% compared to the same quarter last year. On average, sell-side analysts expect that Texas Roadhouse, Inc. will post 5.77 earnings per share for the current fiscal year.

Texas Roadhouse Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 26th. Investors of record on Wednesday, March 13th were issued a $0.61 dividend. This represents a $2.44 annualized dividend and a yield of 1.52%. The ex-dividend date was Tuesday, March 12th. This is an increase from Texas Roadhouse’s previous quarterly dividend of $0.55. Texas Roadhouse’s dividend payout ratio (DPR) is 53.86%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on TXRH shares. Stephens initiated coverage on Texas Roadhouse in a research note on Friday, April 12th. They set an “equal weight” rating and a $150.00 target price for the company. BMO Capital Markets increased their price objective on shares of Texas Roadhouse from $110.00 to $130.00 and gave the company a “market perform” rating in a report on Friday, February 16th. Wedbush boosted their target price on shares of Texas Roadhouse from $160.00 to $170.00 and gave the stock an “outperform” rating in a research note on Friday, April 5th. JPMorgan Chase & Co. upped their price target on shares of Texas Roadhouse from $142.00 to $145.00 and gave the stock a “neutral” rating in a research report on Tuesday, March 19th. Finally, Morgan Stanley lifted their price objective on Texas Roadhouse from $135.00 to $145.00 and gave the stock an “equal weight” rating in a report on Friday, April 12th. Eleven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $138.76.

About Texas Roadhouse

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.