Goldman Sachs Group Inc. Has $64.61 Million Position in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Goldman Sachs Group Inc. reduced its stake in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 4.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 528,590 shares of the restaurant operator’s stock after selling 24,863 shares during the period. Goldman Sachs Group Inc. owned about 0.79% of Texas Roadhouse worth $64,609,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Operose Advisors LLC acquired a new stake in shares of Texas Roadhouse in the 3rd quarter valued at approximately $28,000. TFC Financial Management Inc. raised its holdings in Texas Roadhouse by 100.0% in the 4th quarter. TFC Financial Management Inc. now owns 580 shares of the restaurant operator’s stock valued at $71,000 after buying an additional 290 shares during the last quarter. Benjamin F. Edwards & Company Inc. bought a new position in Texas Roadhouse in the 4th quarter valued at approximately $81,000. GAMMA Investing LLC bought a new position in Texas Roadhouse in the 4th quarter valued at approximately $88,000. Finally, Quadrant Capital Group LLC raised its holdings in Texas Roadhouse by 35.1% in the 4th quarter. Quadrant Capital Group LLC now owns 1,205 shares of the restaurant operator’s stock valued at $147,000 after buying an additional 313 shares during the last quarter. 94.82% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently issued reports on TXRH shares. JPMorgan Chase & Co. raised their price objective on shares of Texas Roadhouse from $145.00 to $184.00 and gave the company a “neutral” rating in a report on Tuesday, May 28th. Stephens raised their price target on shares of Texas Roadhouse from $150.00 to $164.00 and gave the stock an “equal weight” rating in a report on Friday, May 3rd. Wells Fargo & Company raised their price target on shares of Texas Roadhouse from $140.00 to $165.00 and gave the stock an “equal weight” rating in a report on Friday, May 3rd. Evercore ISI raised their price target on shares of Texas Roadhouse from $160.00 to $175.00 and gave the stock an “outperform” rating in a report on Friday, May 3rd. Finally, Piper Sandler raised their price target on shares of Texas Roadhouse from $110.00 to $136.00 and gave the stock a “neutral” rating in a report on Tuesday, February 20th. Thirteen analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $157.77.

Insiders Place Their Bets

In other Texas Roadhouse news, Director Curtis Warfield sold 1,025 shares of Texas Roadhouse stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $165.82, for a total transaction of $169,965.50. Following the transaction, the director now directly owns 12,372 shares of the company’s stock, valued at approximately $2,051,525.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Curtis Warfield sold 1,025 shares of Texas Roadhouse stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $165.82, for a total transaction of $169,965.50. Following the sale, the director now directly owns 12,372 shares in the company, valued at approximately $2,051,525.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Gerald L. Morgan sold 15,000 shares of Texas Roadhouse stock in a transaction on Tuesday, May 28th. The stock was sold at an average price of $171.70, for a total value of $2,575,500.00. Following the sale, the chief executive officer now owns 77,847 shares in the company, valued at $13,366,329.90. The disclosure for this sale can be found here. Insiders have sold 19,025 shares of company stock valued at $3,251,266 in the last three months. 0.50% of the stock is currently owned by insiders.

Texas Roadhouse Trading Up 2.5 %

NASDAQ TXRH opened at $171.62 on Tuesday. The company has a fifty day simple moving average of $163.23 and a 200 day simple moving average of $143.96. Texas Roadhouse, Inc. has a 12-month low of $91.06 and a 12-month high of $174.05. The company has a market cap of $11.46 billion, a P/E ratio of 34.74, a PEG ratio of 1.63 and a beta of 1.00.

Texas Roadhouse (NASDAQ:TXRH) last posted its quarterly earnings data on Thursday, May 2nd. The restaurant operator reported $1.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.65 by $0.04. The firm had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.32 billion. Texas Roadhouse had a net margin of 6.94% and a return on equity of 28.85%. The business’s revenue for the quarter was up 12.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.28 EPS. Sell-side analysts predict that Texas Roadhouse, Inc. will post 6.02 EPS for the current year.

Texas Roadhouse Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 25th. Shareholders of record on Wednesday, June 12th will be issued a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a yield of 1.42%. The ex-dividend date of this dividend is Wednesday, June 12th. Texas Roadhouse’s dividend payout ratio is 49.39%.

Texas Roadhouse 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.