SG Americas Securities LLC Cuts Position in Texas Roadhouse, Inc. (NASDAQ:TXRH)

SG Americas Securities LLC trimmed its position in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 92.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,896 shares of the restaurant operator’s stock after selling 23,601 shares during the period. SG Americas Securities LLC’s holdings in Texas Roadhouse were worth $232,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. BlackRock Inc. increased its stake in Texas Roadhouse by 1.5% in the first quarter. BlackRock Inc. now owns 8,506,175 shares of the restaurant operator’s stock valued at $919,177,000 after purchasing an additional 122,241 shares during the last quarter. Macquarie Group Ltd. increased its stake in Texas Roadhouse by 8.9% in the second quarter. Macquarie Group Ltd. now owns 2,560,882 shares of the restaurant operator’s stock valued at $187,457,000 after purchasing an additional 208,566 shares during the last quarter. Bank of America Corp DE increased its stake in Texas Roadhouse by 82.5% in the first quarter. Bank of America Corp DE now owns 2,359,514 shares of the restaurant operator’s stock valued at $254,969,000 after purchasing an additional 1,066,581 shares during the last quarter. State Street Corp increased its stake in Texas Roadhouse by 1.6% in the first quarter. State Street Corp now owns 2,203,949 shares of the restaurant operator’s stock valued at $238,159,000 after purchasing an additional 34,829 shares during the last quarter. Finally, Wellington Management Group LLP increased its stake in Texas Roadhouse by 1.7% in the third quarter. Wellington Management Group LLP now owns 1,807,430 shares of the restaurant operator’s stock valued at $173,694,000 after purchasing an additional 29,506 shares during the last quarter. 94.82% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have commented on TXRH shares. Northcoast Research lowered shares of Texas Roadhouse from a “buy” rating to a “neutral” rating in a research note on Tuesday, February 20th. Truist Financial increased their price objective on Texas Roadhouse from $152.00 to $168.00 and gave the company a “buy” rating in a report on Tuesday, April 2nd. Wells Fargo & Company increased their price objective on Texas Roadhouse from $125.00 to $140.00 and gave the company an “equal weight” rating in a report on Friday, February 16th. UBS Group increased their price objective on Texas Roadhouse from $145.00 to $155.00 and gave the company a “buy” rating in a report on Friday, February 16th. Finally, BMO Capital Markets increased their price objective on Texas Roadhouse from $110.00 to $130.00 and gave the company a “market perform” rating in a report on Friday, February 16th. Eleven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, Texas Roadhouse presently has an average rating of “Hold” and a consensus target price of $133.55.

Insider Activity

In other news, Director Curtis Warfield sold 2,365 shares of the firm’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $148.68, for a total value of $351,628.20. Following the completion of the transaction, the director now owns 13,397 shares in the company, valued at $1,991,865.96. The sale was disclosed in a document filed with the SEC, which is available at this link. In related news, Director Curtis Warfield sold 2,365 shares of Texas Roadhouse stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $148.68, for a total transaction of $351,628.20. Following the completion of the sale, the director now owns 13,397 shares in the company, valued at approximately $1,991,865.96. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Gerald L. Morgan sold 5,000 shares of Texas Roadhouse stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $147.90, for a total value of $739,500.00. Following the sale, the chief executive officer now owns 92,847 shares of the company’s stock, valued at approximately $13,732,071.30. The disclosure for this sale can be found here. Insiders sold a total of 12,382 shares of company stock worth $1,843,145 over the last 90 days. 0.50% of the stock is currently owned by corporate insiders.

Texas Roadhouse Stock Performance

Texas Roadhouse stock opened at $148.97 on Friday. Texas Roadhouse, Inc. has a one year low of $91.06 and a one year high of $157.12. The business has a fifty day moving average of $146.73 and a two-hundred day moving average of $122.72. The company has a market cap of $9.96 billion, a P/E ratio of 32.89, a price-to-earnings-growth ratio of 1.66 and a beta of 0.99.

Texas Roadhouse (NASDAQ:TXRH) last released its earnings results on Thursday, February 15th. The restaurant operator reported $1.08 EPS for the quarter, beating analysts’ consensus estimates of $1.07 by $0.01. Texas Roadhouse had a return on equity of 27.43% and a net margin of 6.58%. The company had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.16 billion. During the same quarter last year, the company earned $0.89 earnings per share. Texas Roadhouse’s quarterly revenue was up 15.3% compared to the same quarter last year. Sell-side analysts predict that Texas Roadhouse, Inc. will post 5.71 EPS for the current year.

Texas Roadhouse Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 26th. Stockholders of record on Wednesday, March 13th were given a $0.61 dividend. The ex-dividend date of this dividend was Tuesday, March 12th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.64%. This is a boost from Texas Roadhouse’s previous quarterly dividend of $0.55. Texas Roadhouse’s dividend payout ratio (DPR) is currently 53.86%.

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.