Two Sigma Advisers LP Sells 21,900 Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH)

Two Sigma Advisers LP cut its holdings in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 45.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 26,500 shares of the restaurant operator’s stock after selling 21,900 shares during the quarter. Two Sigma Advisers LP’s holdings in Texas Roadhouse were worth $4,781,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Barclays PLC boosted its position in shares of Texas Roadhouse by 14.4% during the third quarter. Barclays PLC now owns 1,180,842 shares of the restaurant operator’s stock worth $208,539,000 after purchasing an additional 148,462 shares in the last quarter. Janney Montgomery Scott LLC boosted its position in shares of Texas Roadhouse by 129.0% during the fourth quarter. Janney Montgomery Scott LLC now owns 5,147 shares of the restaurant operator’s stock worth $929,000 after purchasing an additional 2,899 shares in the last quarter. Mutual Advisors LLC boosted its position in shares of Texas Roadhouse by 8.5% during the fourth quarter. Mutual Advisors LLC now owns 1,946 shares of the restaurant operator’s stock worth $347,000 after purchasing an additional 152 shares in the last quarter. Avior Wealth Management LLC boosted its position in shares of Texas Roadhouse by 12.1% during the fourth quarter. Avior Wealth Management LLC now owns 2,396 shares of the restaurant operator’s stock worth $432,000 after purchasing an additional 259 shares in the last quarter. Finally, Exchange Traded Concepts LLC boosted its position in shares of Texas Roadhouse by 2.6% during the fourth quarter. Exchange Traded Concepts LLC now owns 4,623 shares of the restaurant operator’s stock worth $834,000 after purchasing an additional 115 shares in the last quarter. 94.82% of the stock is owned by institutional investors.

Analysts Set New Price Targets

TXRH has been the topic of a number of recent analyst reports. Robert W. Baird set a $180.00 price target on shares of Texas Roadhouse and gave the stock an “outperform” rating in a research report on Monday, April 7th. Truist Financial reduced their price target on shares of Texas Roadhouse from $209.00 to $205.00 and set a “buy” rating on the stock in a research report on Friday, February 21st. Guggenheim reduced their price target on shares of Texas Roadhouse from $205.00 to $200.00 and set a “buy” rating on the stock in a research report on Thursday, February 27th. Wedbush lifted their price target on shares of Texas Roadhouse from $200.00 to $210.00 and gave the stock an “outperform” rating in a research report on Friday, March 28th. Finally, JPMorgan Chase & Co. cut 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 report on Thursday, March 20th. Ten investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $191.62.

Insider Transactions at Texas Roadhouse

In other news, President Regina A. Tobin sold 3,154 shares of the business’s stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $185.64, for a total transaction of $585,508.56. Following the transaction, the president now directly owns 18,414 shares in the company, valued at $3,418,374.96. The trade was a 14.62% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Christopher C. Colson sold 580 shares of the business’s stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $181.94, for a total transaction of $105,525.20. Following the transaction, the insider now owns 12,000 shares in the company, valued at $2,183,280. This represents a 4.61% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 13,585 shares of company stock worth $2,485,188 in the last ninety days. Insiders own 0.50% of the company’s stock.

Texas Roadhouse Trading Up 0.7%

Shares of TXRH stock opened at $189.99 on Monday. Texas Roadhouse, Inc. has a 1 year low of $148.73 and a 1 year high of $206.04. The firm’s fifty day moving average price is $171.21 and its two-hundred day moving average price is $179.33. The firm has a market capitalization of $12.60 billion, a P/E ratio of 29.36, a PEG ratio of 1.23 and a beta of 0.87.

Texas Roadhouse (NASDAQ:TXRH) last issued its quarterly earnings results on Thursday, May 8th. The restaurant operator reported $1.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.75 by ($0.05). Texas Roadhouse had a net margin of 8.07% and a return on equity of 34.02%. The business had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.44 billion. During the same quarter in the previous year, the firm posted $1.69 earnings per share. The firm’s quarterly revenue was up 11.8% on a year-over-year basis. As a group, equities research analysts forecast that Texas Roadhouse, Inc. will post 7.23 EPS for the current fiscal year.

Texas Roadhouse Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Tuesday, June 3rd will be paid a dividend of $0.68 per share. The ex-dividend date is Tuesday, June 3rd. This represents a $2.72 annualized dividend and a dividend yield of 1.43%. Texas Roadhouse’s dividend payout ratio is presently 41.98%.

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.