Atria Investments Inc Cuts Stake in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Atria Investments Inc lowered its position in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 8.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,391 shares of the restaurant operator’s stock after selling 234 shares during the quarter. Atria Investments Inc’s holdings in Texas Roadhouse were worth $431,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of TXRH. Sumitomo Mitsui Trust Group Inc. boosted its stake in Texas Roadhouse by 10.3% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 13,054 shares of the restaurant operator’s stock worth $2,305,000 after buying an additional 1,221 shares in the last quarter. Victory Capital Management Inc. boosted its stake in Texas Roadhouse by 194.9% in the third quarter. Victory Capital Management Inc. now owns 67,733 shares of the restaurant operator’s stock worth $11,962,000 after buying an additional 44,768 shares in the last quarter. MQS Management LLC purchased a new stake in Texas Roadhouse in the third quarter worth approximately $234,000. Oppenheimer Asset Management Inc. boosted its stake in Texas Roadhouse by 12.2% in the third quarter. Oppenheimer Asset Management Inc. now owns 14,469 shares of the restaurant operator’s stock worth $2,555,000 after buying an additional 1,570 shares in the last quarter. Finally, KBC Group NV boosted its stake in Texas Roadhouse by 8.9% in the third quarter. KBC Group NV now owns 1,752 shares of the restaurant operator’s stock worth $309,000 after buying an additional 143 shares in the last quarter. Hedge funds and other institutional investors own 94.82% of the company’s stock.

Texas Roadhouse Trading Up 2.8 %

NASDAQ TXRH opened at $172.49 on Friday. Texas Roadhouse, Inc. has a 12 month low of $146.75 and a 12 month high of $206.04. The stock has a market cap of $11.46 billion, a P/E ratio of 26.66, a P/E/G ratio of 1.23 and a beta of 1.00. The stock’s fifty day moving average price is $177.89 and its 200-day moving average price is $181.19.

Texas Roadhouse (NASDAQ:TXRH) last released its earnings results on Thursday, February 20th. The restaurant operator reported $1.73 EPS for the quarter, topping analysts’ consensus estimates of $1.66 by $0.07. Texas Roadhouse had a return on equity of 34.02% and a net margin of 8.07%. The firm had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.41 billion. As a group, analysts forecast that Texas Roadhouse, Inc. will post 7.23 earnings per share for the current fiscal year.

Texas Roadhouse Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Tuesday, March 18th will be given a dividend of $0.68 per share. The ex-dividend date of this dividend is Tuesday, March 18th. This is a boost from Texas Roadhouse’s previous quarterly dividend of $0.61. This represents a $2.72 annualized dividend and a dividend yield of 1.58%. Texas Roadhouse’s dividend payout ratio (DPR) is 42.04%.

Insider Activity at Texas Roadhouse

In related news, insider Christopher C. Colson sold 1,370 shares of the stock in a transaction on Friday, January 10th. The stock was sold at an average price of $179.46, for a total transaction of $245,860.20. Following the sale, the insider now directly owns 10,000 shares of the company’s stock, valued at $1,794,600. This trade represents a 12.05 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Curtis Warfield sold 4,190 shares of the stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $178.80, for a total value of $749,172.00. Following the sale, the director now directly owns 10,082 shares in the company, valued at $1,802,661.60. This trade represents a 29.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 17,905 shares of company stock valued at $3,198,367 over the last ninety days. Insiders own 0.50% of the company’s stock.

Analyst Ratings Changes

Several analysts have weighed in on the company. Gordon Haskett downgraded Texas Roadhouse from a “buy” rating to a “hold” rating and set a $192.00 price objective for the company. in a research report on Wednesday, January 8th. Citigroup boosted their price objective on Texas Roadhouse from $212.00 to $213.00 and gave the company a “buy” rating in a research report on Friday, February 21st. Morgan Stanley upgraded Texas Roadhouse from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $205.00 to $213.00 in a research report on Tuesday, January 21st. Truist Financial lowered their price objective on Texas Roadhouse from $209.00 to $205.00 and set a “buy” rating for the company in a research report on Friday, February 21st. Finally, Stephens lowered their price objective on Texas Roadhouse from $186.00 to $180.00 and set an “equal weight” rating for the company in a research report on Friday, February 21st. Eleven investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, Texas Roadhouse currently has a consensus rating of “Moderate Buy” and an average target price of $192.73.

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.