Texas Roadhouse, Inc. (NASDAQ:TXRH) Shares Sold by Ranger Investment Management L.P.

Ranger Investment Management L.P. reduced its position in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 1.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 305,384 shares of the restaurant operator’s stock after selling 5,900 shares during the quarter. Texas Roadhouse comprises about 3.5% of Ranger Investment Management L.P.’s portfolio, making the stock its 3rd biggest position. Ranger Investment Management L.P. owned approximately 0.46% of Texas Roadhouse worth $55,100,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in TXRH. Mirae Asset Global Investments Co. Ltd. acquired a new position in Texas Roadhouse during the fourth quarter worth $30,000. SBI Securities Co. Ltd. acquired a new position in Texas Roadhouse during the 4th quarter valued at about $36,000. MassMutual Private Wealth & Trust FSB raised its stake in shares of Texas Roadhouse by 32.2% in the fourth 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. VisionPoint Advisory Group LLC bought a new stake in Texas Roadhouse during the fourth quarter worth $64,000. Finally, Asset Planning Inc purchased a new position in Texas Roadhouse during the 4th quarter worth $74,000. Institutional investors own 94.82% of the company’s stock.

Insider Buying and Selling at Texas Roadhouse

In related news, President Regina A. Tobin sold 3,154 shares of Texas Roadhouse stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $185.64, for a total value of $585,508.56. Following the transaction, the president now directly owns 18,414 shares of the company’s stock, valued at $3,418,374.96. The trade was a 14.62 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Christopher C. Colson sold 1,370 shares of the business’s stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $179.46, for a total transaction of $245,860.20. Following the completion of the transaction, the insider now owns 10,000 shares in the company, valued at $1,794,600. The trade was a 12.05 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 17,905 shares of company stock worth $3,198,367 over the last three months. Company insiders own 0.50% of the company’s stock.

Texas Roadhouse Trading Down 1.1 %

TXRH opened at $153.22 on Wednesday. The stock has a market capitalization of $10.18 billion, a P/E ratio of 23.68, a PEG ratio of 1.23 and a beta of 0.88. The stock has a 50-day moving average price of $173.42 and a 200-day moving average price of $181.46. Texas Roadhouse, Inc. has a 12-month low of $146.75 and a 12-month high of $206.04.

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

Texas Roadhouse Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 18th were paid a $0.68 dividend. The ex-dividend date was 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 1.78%. Texas Roadhouse’s payout ratio is currently 42.04%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Morgan Stanley upgraded shares of Texas Roadhouse from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $205.00 to $213.00 in a report on Tuesday, January 21st. Citigroup upped their price objective on Texas Roadhouse from $212.00 to $213.00 and gave the company a “buy” rating in a research note on Friday, February 21st. Robert W. Baird set a $180.00 price target on shares of Texas Roadhouse and gave the stock an “outperform” rating in a report on Monday. 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 research report on Wednesday, January 8th. Finally, Royal Bank of Canada reduced their target price on shares of Texas Roadhouse from $200.00 to $180.00 and set a “sector perform” rating for the company in a research report 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 stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $192.23.

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.