Texas Roadhouse, Inc. $TXRH Shares Sold by Davidson Capital Management Inc.

Davidson Capital Management Inc. cut its stake in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 29.0% in the fourth quarter, Holdings Channel reports. The fund owned 12,330 shares of the restaurant operator’s stock after selling 5,030 shares during the period. Davidson Capital Management Inc.’s holdings in Texas Roadhouse were worth $2,047,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Alliancebernstein L.P. increased its stake in shares of Texas Roadhouse by 14.7% in the 3rd quarter. Alliancebernstein L.P. now owns 3,638,914 shares of the restaurant operator’s stock worth $604,606,000 after acquiring an additional 466,176 shares during the last quarter. Capital World Investors increased its stake in shares of Texas Roadhouse by 580.2% in the 3rd quarter. Capital World Investors now owns 2,236,885 shares of the restaurant operator’s stock worth $371,658,000 after acquiring an additional 1,908,033 shares during the last quarter. Steadfast Capital Management LP increased its stake in shares of Texas Roadhouse by 99.2% in the 3rd quarter. Steadfast Capital Management LP now owns 1,275,648 shares of the restaurant operator’s stock worth $211,949,000 after acquiring an additional 635,178 shares during the last quarter. Victory Capital Management Inc. increased its stake in shares of Texas Roadhouse by 770.6% in the 3rd quarter. Victory Capital Management Inc. now owns 972,251 shares of the restaurant operator’s stock worth $161,540,000 after acquiring an additional 860,571 shares during the last quarter. Finally, Balyasny Asset Management L.P. acquired a new stake in shares of Texas Roadhouse in the 3rd quarter worth $157,310,000. 94.82% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Texas Roadhouse

In related news, Director Gregory N. Moore sold 1,700 shares of Texas Roadhouse stock in a transaction that occurred on Friday, March 6th. The shares were sold at an average price of $171.59, for a total value of $291,703.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, President Regina A. Tobin sold 4,450 shares of Texas Roadhouse stock in a transaction that occurred on Thursday, March 19th. The shares were sold at an average price of $171.00, for a total transaction of $760,950.00. Following the completion of the sale, the president owned 13,778 shares of the company’s stock, valued at $2,356,038. This trade represents a 24.41% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 12,988 shares of company stock worth $2,218,144 in the last three months. Company insiders own 0.50% of the company’s stock.

Texas Roadhouse Price Performance

NASDAQ TXRH opened at $158.15 on Thursday. The firm’s 50-day moving average is $170.90 and its two-hundred day moving average is $173.27. Texas Roadhouse, Inc. has a 12 month low of $156.00 and a 12 month high of $199.99. The stock has a market capitalization of $10.43 billion, a P/E ratio of 25.97, a PEG ratio of 1.80 and a beta of 0.88.

Texas Roadhouse (NASDAQ:TXRH) last posted its earnings results on Thursday, February 19th. The restaurant operator reported $1.28 EPS for the quarter, missing analysts’ consensus estimates of $1.53 by ($0.25). Texas Roadhouse had a net margin of 6.90% and a return on equity of 27.88%. The company had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.50 billion. During the same period in the previous year, the company earned $1.73 EPS. The company’s quarterly revenue was up 3.1% compared to the same quarter last year. As a group, analysts anticipate that Texas Roadhouse, Inc. will post 6.34 EPS for the current year.

Texas Roadhouse Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Tuesday, March 17th were issued a $0.75 dividend. This is a boost from Texas Roadhouse’s previous quarterly dividend of $0.68. The ex-dividend date was Tuesday, March 17th. This represents a $3.00 annualized dividend and a yield of 1.9%. Texas Roadhouse’s payout ratio is 49.26%.

Analyst Ratings Changes

Several research firms have weighed in on TXRH. Citigroup decreased their target price on shares of Texas Roadhouse from $190.00 to $184.00 and set a “neutral” rating on the stock in a report on Friday, February 20th. Morgan Stanley set a $199.00 target price on shares of Texas Roadhouse in a report on Tuesday. Truist Financial decreased their target price on shares of Texas Roadhouse from $188.00 to $186.00 and set a “hold” rating on the stock in a report on Friday, February 20th. TD Cowen started coverage on shares of Texas Roadhouse in a report on Tuesday, January 20th. They issued a “buy” rating and a $215.00 target price on the stock. Finally, Wells Fargo & Company cut their target price on Texas Roadhouse from $220.00 to $200.00 and set an “overweight” rating for the company in a research note on Thursday, April 16th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and thirteen have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $195.52.

Texas Roadhouse Profile

Texas Roadhouse, Inc is a casual dining restaurant chain specializing in hand?cut steaks, fall?off?the?bone ribs, chicken, seafood and house specialties. Each restaurant features a Western?themed décor, open kitchens and a signature line dance presentation of fresh, made?from?scratch sides and breads. The company emphasizes an energetic dining experience, focusing on hospitality, value and a family?friendly environment.

The concept was created in 1993 by founder Kent Taylor, who sought to combine high?quality steaks with an approachable, community?oriented atmosphere.