Texas Roadhouse, Inc. (NASDAQ:TXRH) Shares Sold by Axiom Investors LLC DE

Axiom Investors LLC DE cut its position in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 11.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 57,255 shares of the restaurant operator’s stock after selling 7,630 shares during the quarter. Axiom Investors LLC DE owned approximately 0.09% of Texas Roadhouse worth $10,331,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Texas Roadhouse in the fourth quarter valued at approximately $30,000. True Wealth Design LLC purchased a new position in Texas Roadhouse during the 3rd quarter worth $30,000. SBI Securities Co. Ltd. acquired a new position in Texas Roadhouse in the fourth quarter valued at $36,000. MassMutual Private Wealth & Trust FSB raised its holdings 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 valued at $48,000 after buying an additional 65 shares during the last quarter. Finally, VisionPoint Advisory Group LLC acquired a new stake in shares of Texas Roadhouse during the fourth quarter worth about $64,000. Hedge funds and other institutional investors own 94.82% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on TXRH shares. Wedbush boosted their price target on Texas Roadhouse from $200.00 to $210.00 and gave the company an “outperform” rating in a research report on Friday. Guggenheim decreased their price target on Texas Roadhouse from $205.00 to $200.00 and set a “buy” rating for the company in a report on Thursday, February 27th. Stephens cut their price objective on shares of Texas Roadhouse from $186.00 to $180.00 and set an “equal weight” rating for the company in a research report on Friday, February 21st. Citigroup raised their target price on shares of Texas Roadhouse from $212.00 to $213.00 and gave the stock a “buy” rating in a research note on Friday, February 21st. Finally, Truist Financial cut their price target on shares of Texas Roadhouse from $209.00 to $205.00 and set a “buy” rating for the company in a report on Friday, February 21st. Eleven investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $193.36.

Insider Activity

In related news, insider Christopher C. Colson sold 580 shares of the company’s stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $181.94, for a total transaction of $105,525.20. Following the completion of the transaction, the insider now owns 12,000 shares of the company’s stock, valued at approximately $2,183,280. This represents a 4.61 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Curtis Warfield sold 3,281 shares of Texas Roadhouse stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $183.67, for a total transaction of $602,621.27. Following the completion of the transaction, the director now owns 6,801 shares in the company, valued at approximately $1,249,139.67. This trade represents a 32.54 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 17,905 shares of company stock valued at $3,198,367 over the last quarter. Company insiders own 0.50% of the company’s stock.

Texas Roadhouse Stock Down 2.1 %

Shares of NASDAQ:TXRH opened at $171.05 on Monday. The company has a market capitalization of $11.37 billion, a P/E ratio of 26.44, a P/E/G ratio of 1.23 and a beta of 1.00. The stock’s fifty day simple moving average is $176.36 and its 200-day simple moving average is $181.78. Texas Roadhouse, Inc. has a 52-week low of $146.75 and a 52-week high of $206.04.

Texas Roadhouse (NASDAQ:TXRH) last released its quarterly 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 analysts’ expectations of $1.41 billion. Texas Roadhouse had a net margin of 8.07% and a return on equity of 34.02%. On average, sell-side analysts anticipate that Texas Roadhouse, Inc. will post 7.23 earnings per share for the current 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 paid a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.59%. The ex-dividend date is Tuesday, March 18th. This is a positive change from Texas Roadhouse’s previous quarterly dividend of $0.61. Texas Roadhouse’s dividend payout ratio is currently 42.04%.

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.