Amundi Cuts Stock Holdings in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Amundi lessened its holdings in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 91.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,653 shares of the restaurant operator’s stock after selling 29,195 shares during the quarter. Amundi’s holdings in Texas Roadhouse were worth $482,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. True Wealth Design LLC purchased a new position in shares of Texas Roadhouse during the third quarter worth about $30,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Texas Roadhouse during the 4th quarter valued at approximately $30,000. SBI Securities Co. Ltd. acquired a new position in shares of Texas Roadhouse during the 4th quarter worth approximately $36,000. MassMutual Private Wealth & Trust FSB raised its position in shares of Texas Roadhouse by 32.2% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 267 shares of the restaurant operator’s stock worth $48,000 after purchasing an additional 65 shares during the last quarter. Finally, First Horizon Advisors Inc. raised its position in shares of Texas Roadhouse by 158.1% during the 3rd quarter. First Horizon Advisors Inc. now owns 302 shares of the restaurant operator’s stock worth $53,000 after purchasing an additional 185 shares during the last quarter. Hedge funds and other institutional investors own 94.82% of the company’s stock.

Insider Buying and Selling at Texas Roadhouse

In other news, Director Curtis Warfield sold 4,190 shares of the company’s stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $178.80, for a total transaction 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 represents a 29.36 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Gregory N. Moore sold 2,700 shares of the company’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $168.26, for a total value of $454,302.00. The disclosure for this sale can be found here. Insiders have sold a total of 17,905 shares of company stock valued at $3,198,367 over the last three months. 0.50% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several brokerages have recently issued reports on TXRH. Wedbush lowered their price objective on shares of Texas Roadhouse from $220.00 to $200.00 and set an “outperform” rating for the company in a research note on Friday, February 21st. The Goldman Sachs Group started coverage on shares of Texas Roadhouse in a research report on Thursday, December 5th. They set a “neutral” rating and a $213.00 price target for the company. Gordon Haskett lowered shares of Texas Roadhouse from a “buy” rating to a “hold” rating and set a $192.00 price objective on the stock. in a report on Wednesday, January 8th. Guggenheim cut their target price on shares of Texas Roadhouse from $205.00 to $200.00 and set a “buy” rating on the stock in a research note on Thursday, February 27th. Finally, Truist Financial cut their target price on shares of Texas Roadhouse from $209.00 to $205.00 and set a “buy” rating on the stock in a research note on Friday, February 21st. Eleven equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $192.91.

Texas Roadhouse Trading Up 0.4 %

Shares of TXRH stock opened at $170.75 on Friday. The firm has a market capitalization of $11.35 billion, a PE ratio of 26.39, a price-to-earnings-growth ratio of 1.23 and a beta of 1.00. The firm has a fifty day simple moving average of $176.96 and a two-hundred day simple moving average of $181.13. Texas Roadhouse, Inc. has a 12 month low of $146.75 and a 12 month high of $206.04.

Texas Roadhouse (NASDAQ:TXRH) last posted its quarterly earnings data on Thursday, February 20th. The restaurant operator reported $1.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.66 by $0.07. The firm had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.41 billion. Texas Roadhouse had a net margin of 8.07% and a return on equity of 34.02%. On average, equities analysts predict 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. Shareholders of record on Tuesday, March 18th will be issued a dividend of $0.68 per share. The ex-dividend date of this dividend is Tuesday, March 18th. This is an increase from Texas Roadhouse’s previous quarterly dividend of $0.61. This represents a $2.72 annualized dividend and a yield of 1.59%. Texas Roadhouse’s dividend payout ratio is 42.04%.

About Texas Roadhouse

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.