Oarsman Capital Inc. Sells 112 Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH)

Oarsman Capital Inc. decreased its position in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 8.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,206 shares of the restaurant operator’s stock after selling 112 shares during the quarter. Oarsman Capital Inc.’s holdings in Texas Roadhouse were worth $218,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of TXRH. Zions Bancorporation N.A. raised its position in shares of Texas Roadhouse by 19.5% during the fourth quarter. Zions Bancorporation N.A. now owns 13,152 shares of the restaurant operator’s stock worth $2,373,000 after purchasing an additional 2,144 shares during the period. KLP Kapitalforvaltning AS acquired a new stake in Texas Roadhouse during the 4th quarter worth approximately $2,959,000. Chase Investment Counsel Corp bought a new position in Texas Roadhouse in the fourth quarter valued at approximately $316,000. Raymond James Financial Inc. acquired a new position in shares of Texas Roadhouse in the fourth quarter valued at approximately $55,177,000. Finally, First Hawaiian Bank bought a new stake in shares of Texas Roadhouse during the fourth quarter worth $1,554,000. Institutional investors and hedge funds own 94.82% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Citigroup increased their target price on Texas Roadhouse from $212.00 to $213.00 and gave the stock a “buy” rating in a report on Friday, February 21st. Barclays decreased their price target on shares of Texas Roadhouse from $194.00 to $178.00 and set an “equal weight” rating for the company in a research note on Friday, February 21st. Stephens reduced their target price on shares of Texas Roadhouse from $186.00 to $180.00 and set an “equal weight” rating for the company in a report on Friday, February 21st. JPMorgan Chase & Co. lowered their price target on shares of Texas Roadhouse from $185.00 to $184.00 and set a “neutral” rating on the stock in a research note on Thursday, March 20th. Finally, Morgan Stanley upgraded shares of Texas Roadhouse from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $205.00 to $213.00 in a research note on Tuesday, January 21st. Eleven analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, Texas Roadhouse presently has an average rating of “Moderate Buy” and a consensus target price of $193.36.

Texas Roadhouse Trading Down 4.3 %

Shares of NASDAQ TXRH opened at $159.86 on Friday. The business’s 50 day moving average is $175.08 and its 200-day moving average is $181.77. The firm has a market cap of $10.62 billion, a P/E ratio of 24.71, a price-to-earnings-growth ratio of 1.23 and a beta of 1.00. Texas Roadhouse, Inc. has a 1-year low of $146.75 and a 1-year high of $206.04.

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

Texas Roadhouse Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 18th were issued a dividend of $0.68 per share. The ex-dividend date of this dividend was 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 1.70%. Texas Roadhouse’s dividend payout ratio (DPR) is currently 42.04%.

Insider Activity

In related news, Director Curtis Warfield sold 4,190 shares of the firm’s stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $178.80, for a total value of $749,172.00. Following the transaction, the director now owns 10,082 shares in the company, valued at approximately $1,802,661.60. This trade represents a 29.36 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, President Regina A. Tobin sold 3,154 shares of the company’s stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $185.64, for a total transaction of $585,508.56. Following the sale, the president now directly owns 18,414 shares of the company’s stock, valued at $3,418,374.96. This represents a 14.62 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 17,905 shares of company stock worth $3,198,367. Corporate insiders own 0.50% of the company’s stock.

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.