Signaturefd LLC Sells 392 Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH)

Signaturefd LLC lessened its stake in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 24.6% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 1,203 shares of the restaurant operator’s stock after selling 392 shares during the period. Signaturefd LLC’s holdings in Texas Roadhouse were worth $147,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of TXRH. Wellington Management Group LLP boosted its stake in shares of Texas Roadhouse by 1.7% in the third quarter. Wellington Management Group LLP now owns 1,807,430 shares of the restaurant operator’s stock worth $173,694,000 after acquiring an additional 29,506 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of Texas Roadhouse by 0.5% in the third quarter. JPMorgan Chase & Co. now owns 1,611,543 shares of the restaurant operator’s stock worth $154,869,000 after acquiring an additional 8,392 shares during the period. Invesco Ltd. boosted its stake in shares of Texas Roadhouse by 40.7% in the third quarter. Invesco Ltd. now owns 1,281,296 shares of the restaurant operator’s stock worth $123,133,000 after acquiring an additional 370,627 shares during the period. Victory Capital Management Inc. boosted its stake in shares of Texas Roadhouse by 26.3% in the third quarter. Victory Capital Management Inc. now owns 985,795 shares of the restaurant operator’s stock worth $94,735,000 after acquiring an additional 205,064 shares during the period. Finally, Qube Research & Technologies Ltd boosted its stake in shares of Texas Roadhouse by 60.9% in the third quarter. Qube Research & Technologies Ltd now owns 777,893 shares of the restaurant operator’s stock worth $74,756,000 after acquiring an additional 294,425 shares during the period. Institutional investors own 94.82% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on TXRH. Jefferies Financial Group upped their price objective on Texas Roadhouse from $120.00 to $136.00 and gave the stock a “hold” rating in a research note on Tuesday, April 16th. Northcoast Research lowered Texas Roadhouse from a “buy” rating to a “neutral” rating in a research note on Tuesday, February 20th. Piper Sandler increased their price target on Texas Roadhouse from $110.00 to $136.00 and gave the company a “neutral” rating in a research note on Tuesday, February 20th. Truist Financial increased their price target on Texas Roadhouse from $152.00 to $168.00 and gave the company a “buy” rating in a research note on Tuesday, April 2nd. Finally, Morgan Stanley increased their price target on Texas Roadhouse from $135.00 to $145.00 and gave the company an “equal weight” rating in a research note on Friday, April 12th. Eleven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $138.76.

Insider Buying and Selling

In related news, insider Christopher C. Colson sold 405 shares of the firm’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $149.05, for a total transaction of $60,365.25. Following the completion of the sale, the insider now directly owns 8,500 shares of the company’s stock, valued at approximately $1,266,925. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Texas Roadhouse news, President Regina A. Tobin sold 3,064 shares of the firm’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $150.07, for a total transaction of $459,814.48. Following the transaction, the president now directly owns 15,261 shares in the company, valued at approximately $2,290,218.27. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Christopher C. Colson sold 405 shares of the firm’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $149.05, for a total value of $60,365.25. Following the transaction, the insider now owns 8,500 shares in the company, valued at $1,266,925. The disclosure for this sale can be found here. In the last three months, insiders sold 12,382 shares of company stock valued at $1,843,145. Insiders own 0.50% of the company’s stock.

Texas Roadhouse Price Performance

NASDAQ:TXRH opened at $157.46 on Monday. The firm has a market capitalization of $10.52 billion, a price-to-earnings ratio of 34.76, a PEG ratio of 1.71 and a beta of 0.99. Texas Roadhouse, Inc. has a 1 year low of $91.06 and a 1 year high of $159.31. The business has a 50 day simple moving average of $151.30 and a 200-day simple moving average of $127.70.

Texas Roadhouse (NASDAQ:TXRH) last issued its quarterly earnings results on Thursday, February 15th. The restaurant operator reported $1.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.07 by $0.01. Texas Roadhouse had a return on equity of 27.43% and a net margin of 6.58%. The firm had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.16 billion. During the same period last year, the company earned $0.89 EPS. Texas Roadhouse’s quarterly revenue was up 15.3% compared to the same quarter last year. As a group, analysts expect that Texas Roadhouse, Inc. will post 5.77 earnings per share for the current fiscal year.

Texas Roadhouse Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 26th. Investors of record on Wednesday, March 13th were paid a dividend of $0.61 per share. This is a positive change from Texas Roadhouse’s previous quarterly dividend of $0.55. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.55%. The ex-dividend date of this dividend was Tuesday, March 12th. Texas Roadhouse’s dividend payout ratio (DPR) is currently 53.86%.

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.