Yousif Capital Management LLC Trims Holdings in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Yousif Capital Management LLC lowered its position in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 0.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 23,977 shares of the restaurant operator’s stock after selling 187 shares during the quarter. Yousif Capital Management LLC’s holdings in Texas Roadhouse were worth $2,931,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Wellington Management Group LLP lifted its position 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 valued at $173,694,000 after acquiring an additional 29,506 shares in the last quarter. JPMorgan Chase & Co. grew its stake in Texas Roadhouse by 0.5% during the third quarter. JPMorgan Chase & Co. now owns 1,611,543 shares of the restaurant operator’s stock valued at $154,869,000 after acquiring an additional 8,392 shares in the last quarter. Invesco Ltd. increased its holdings in Texas Roadhouse by 40.7% in the 3rd quarter. Invesco Ltd. now owns 1,281,296 shares of the restaurant operator’s stock valued at $123,133,000 after acquiring an additional 370,627 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in shares of Texas Roadhouse by 26.3% during the 3rd quarter. Victory Capital Management Inc. now owns 985,795 shares of the restaurant operator’s stock valued at $94,735,000 after purchasing an additional 205,064 shares during the last quarter. Finally, Qube Research & Technologies Ltd boosted its holdings in shares of Texas Roadhouse by 60.9% during the 3rd quarter. Qube Research & Technologies Ltd now owns 777,893 shares of the restaurant operator’s stock valued at $74,756,000 after purchasing an additional 294,425 shares during the last quarter. Institutional investors own 94.82% of the company’s stock.

Texas Roadhouse Stock Performance

NASDAQ TXRH opened at $157.46 on Monday. Texas Roadhouse, Inc. has a one year low of $91.06 and a one year high of $159.31. The company has a market capitalization of $10.52 billion, a price-to-earnings ratio of 34.76, a price-to-earnings-growth ratio of 1.71 and a beta of 0.99. The company’s 50-day simple moving average is $151.30 and its two-hundred day simple moving average is $127.70.

Texas Roadhouse (NASDAQ:TXRH) last announced its quarterly earnings results on Thursday, February 15th. The restaurant operator reported $1.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.07 by $0.01. The business had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.16 billion. Texas Roadhouse had a return on equity of 27.43% and a net margin of 6.58%. The business’s revenue was up 15.3% compared to the same quarter last year. During the same period last year, the business posted $0.89 EPS. Equities 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 announced 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 represents a $2.44 annualized dividend and a yield of 1.55%. This is an increase from Texas Roadhouse’s previous quarterly dividend of $0.55. The ex-dividend date was Tuesday, March 12th. Texas Roadhouse’s payout ratio is 53.86%.

Insider Activity at Texas Roadhouse

In other Texas Roadhouse news, CEO Gerald L. Morgan sold 5,000 shares of the firm’s stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $147.90, for a total value of $739,500.00. Following the completion of the sale, the chief executive officer now owns 92,847 shares of the company’s stock, valued at $13,732,071.30. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, Director Curtis Warfield sold 2,365 shares of the business’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $148.68, for a total transaction of $351,628.20. Following the sale, the director now directly owns 13,397 shares of the company’s stock, valued at $1,991,865.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Gerald L. Morgan sold 5,000 shares of the business’s stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $147.90, for a total value of $739,500.00. Following the sale, the chief executive officer now owns 92,847 shares in the company, valued at approximately $13,732,071.30. The disclosure for this sale can be found here. Insiders have sold 12,382 shares of company stock valued at $1,843,145 in the last ninety days. Corporate insiders own 0.50% of the company’s stock.

Analyst Ratings Changes

TXRH has been the topic of a number of research reports. BMO Capital Markets lifted their price objective on Texas Roadhouse from $110.00 to $130.00 and gave the stock a “market perform” rating in a research note on Friday, February 16th. Jefferies Financial Group lifted their price objective on shares of Texas Roadhouse from $120.00 to $136.00 and gave the stock a “hold” rating in a research note on Tuesday, April 16th. Benchmark initiated coverage on Texas Roadhouse in a research note on Wednesday, April 10th. They set a “hold” rating on the stock. UBS Group boosted their target price on Texas Roadhouse from $145.00 to $155.00 and gave the company a “buy” rating in a research report on Friday, February 16th. Finally, Truist Financial raised their price target on Texas Roadhouse from $152.00 to $168.00 and gave the stock a “buy” rating in a research report on Tuesday, April 2nd. Eleven analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $138.76.

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.