Texas Roadhouse, Inc. (NASDAQ:TXRH) Stake Reduced by Sib LLC

Sib LLC cut its holdings in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 13.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 183,186 shares of the restaurant operator’s stock after selling 29,130 shares during the quarter. Texas Roadhouse accounts for about 17.4% of Sib LLC’s portfolio, making the stock its largest holding. Sib LLC’s holdings in Texas Roadhouse were worth $33,052,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Envestnet Asset Management Inc. boosted its stake in shares of Texas Roadhouse by 11.6% in the second quarter. Envestnet Asset Management Inc. now owns 173,196 shares of the restaurant operator’s stock worth $29,740,000 after buying an additional 17,949 shares during the last quarter. Vanguard Personalized Indexing Management LLC increased its holdings in shares of Texas Roadhouse by 18.1% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 8,443 shares of the restaurant operator’s stock valued at $1,415,000 after purchasing an additional 1,291 shares in the last quarter. Hsbc Holdings PLC lifted its stake in shares of Texas Roadhouse by 134.0% in the 2nd quarter. Hsbc Holdings PLC now owns 4,037 shares of the restaurant operator’s stock valued at $693,000 after purchasing an additional 2,312 shares during the period. Intech Investment Management LLC acquired a new position in shares of Texas Roadhouse in the 2nd quarter valued at $618,000. Finally, Benjamin F. Edwards & Company Inc. boosted its holdings in Texas Roadhouse by 12.9% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 743 shares of the restaurant operator’s stock worth $128,000 after buying an additional 85 shares in the last quarter. 94.82% of the stock is currently owned by institutional investors and hedge funds.

Texas Roadhouse Price Performance

Texas Roadhouse stock opened at $178.95 on Friday. The stock has a market cap of $11.94 billion, a price-to-earnings ratio of 30.75, a price-to-earnings-growth ratio of 1.34 and a beta of 1.01. The firm has a 50 day simple moving average of $189.06 and a 200-day simple moving average of $178.75. Texas Roadhouse, Inc. has a 1-year low of $117.98 and a 1-year high of $206.04.

Texas Roadhouse (NASDAQ:TXRH) last posted its 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 business had revenue of $1.27 billion during the quarter, compared to analysts’ expectations of $1.27 billion. Texas Roadhouse had a net margin of 7.65% and a return on equity of 31.33%. Texas Roadhouse’s revenue for the quarter was up 13.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.95 EPS. Equities analysts expect that Texas Roadhouse, Inc. will post 6.4 earnings per share for the current fiscal year.

Texas Roadhouse Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 10th were paid a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a yield of 1.36%. The ex-dividend date of this dividend was Tuesday, December 10th. Texas Roadhouse’s dividend payout ratio (DPR) is presently 41.92%.

Insider Buying and Selling at Texas Roadhouse

In related news, insider Christopher C. Colson sold 1,370 shares of the stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $179.46, for a total transaction of $245,860.20. Following the transaction, the insider now owns 10,000 shares of the company’s stock, valued at approximately $1,794,600. This represents a 12.05 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CTO Hernan E. Mujica sold 1,500 shares of Texas Roadhouse stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $202.26, for a total value of $303,390.00. Following the completion of the transaction, the chief technology officer now directly owns 16,342 shares of the company’s stock, valued at approximately $3,305,332.92. This represents a 8.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 3,480 shares of company stock worth $668,603 over the last three months. Insiders own 0.50% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on TXRH. Royal Bank of Canada reiterated a “sector perform” rating and issued a $200.00 price objective on shares of Texas Roadhouse in a research report on Thursday. Evercore ISI increased their price target on Texas Roadhouse from $195.00 to $200.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 15th. Bank of America increased their target price on Texas Roadhouse from $206.00 to $234.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. The Goldman Sachs Group initiated coverage on shares of Texas Roadhouse in a report on Thursday, December 5th. They set a “neutral” rating and a $213.00 price objective on the stock. Finally, Citigroup boosted their target price on shares of Texas Roadhouse from $192.00 to $201.00 and gave the stock a “buy” rating in a research note on Tuesday, October 1st. Fourteen equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $190.91.

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.