Sanctuary Advisors LLC Trims Stake in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Sanctuary Advisors LLC trimmed its holdings in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 6.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,658 shares of the restaurant operator’s stock after selling 448 shares during the quarter. Sanctuary Advisors LLC’s holdings in Texas Roadhouse were worth $1,216,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Blue Trust Inc. boosted its holdings in shares of Texas Roadhouse by 209.9% in the 3rd quarter. Blue Trust Inc. now owns 471 shares of the restaurant operator’s stock worth $81,000 after purchasing an additional 319 shares in the last quarter. International Assets Investment Management LLC boosted its holdings in shares of Texas Roadhouse by 17,559.6% in the 3rd quarter. International Assets Investment Management LLC now owns 20,132 shares of the restaurant operator’s stock worth $3,555,000 after purchasing an additional 20,018 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Texas Roadhouse by 101.0% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 8,894 shares of the restaurant operator’s stock worth $1,571,000 after purchasing an additional 4,469 shares in the last quarter. State of Alaska Department of Revenue boosted its holdings in shares of Texas Roadhouse by 7.2% in the 3rd quarter. State of Alaska Department of Revenue now owns 7,767 shares of the restaurant operator’s stock worth $1,371,000 after purchasing an additional 525 shares in the last quarter. Finally, Pallas Capital Advisors LLC boosted its holdings in shares of Texas Roadhouse by 17.5% in the 3rd quarter. Pallas Capital Advisors LLC now owns 5,295 shares of the restaurant operator’s stock worth $958,000 after purchasing an additional 789 shares in the last quarter. 94.82% of the stock is currently owned by hedge funds and other institutional investors.

Texas Roadhouse Stock Up 1.6 %

Shares of Texas Roadhouse stock opened at $174.88 on Wednesday. The firm has a market cap of $11.67 billion, a price-to-earnings ratio of 27.03, a PEG ratio of 1.23 and a beta of 1.02. The business has a 50-day moving average price of $178.91 and a 200-day moving average price of $180.30. Texas Roadhouse, Inc. has a twelve month low of $146.75 and a twelve month high of $206.04.

Texas Roadhouse (NASDAQ:TXRH) last released its quarterly earnings results on Thursday, February 20th. The restaurant operator reported $1.73 EPS for the quarter, topping the consensus estimate of $1.66 by $0.07. The company had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.41 billion. Texas Roadhouse had a return on equity of 34.02% and a net margin of 8.07%. On average, equities analysts expect that Texas Roadhouse, Inc. will post 7.23 EPS for the current fiscal year.

Texas Roadhouse Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 18th will be paid a $0.68 dividend. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $2.72 annualized dividend and a yield of 1.56%. This is an increase from Texas Roadhouse’s previous quarterly dividend of $0.61. Texas Roadhouse’s dividend payout ratio (DPR) is presently 42.04%.

Insiders Place Their Bets

In other Texas Roadhouse news, insider Christopher C. Colson sold 1,370 shares of the firm’s stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $179.46, for a total value of $245,860.20. Following the completion of the sale, the insider now 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.50% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on TXRH shares. Citigroup boosted their target price on Texas Roadhouse from $212.00 to $213.00 and gave the company a “buy” rating in a research note on Friday, February 21st. Gordon Haskett lowered Texas Roadhouse from a “buy” rating to a “hold” rating and set a $192.00 target price for the company. in a research note on Wednesday, January 8th. The Goldman Sachs Group started coverage on Texas Roadhouse in a research note on Thursday, December 5th. They issued a “neutral” rating and a $213.00 target price for the company. Stifel Nicolaus lowered their target price on Texas Roadhouse from $185.00 to $172.00 and set a “hold” rating for the company in a research note on Friday, February 21st. Finally, Royal Bank of Canada lowered their target price on Texas Roadhouse from $200.00 to $180.00 and set a “sector perform” rating for the company in a research note on Friday, February 21st. Eleven research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $192.50.

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.