Fox Run Management L.L.C. Has $284,000 Holdings in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Fox Run Management L.L.C. cut its holdings in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 53.8% in the fourth quarter, HoldingsChannel reports. The firm owned 1,573 shares of the restaurant operator’s stock after selling 1,831 shares during the period. Fox Run Management L.L.C.’s holdings in Texas Roadhouse were worth $284,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Hantz Financial Services Inc. boosted its stake in shares of Texas Roadhouse by 8,594.4% during the 3rd quarter. Hantz Financial Services Inc. now owns 3,130 shares of the restaurant operator’s stock worth $553,000 after acquiring an additional 3,094 shares in the last quarter. Chase Investment Counsel Corp acquired a new stake in Texas Roadhouse in the 4th quarter worth approximately $316,000. Raymond James Financial Inc. bought a new stake in Texas Roadhouse during the fourth quarter worth approximately $55,177,000. First Hawaiian Bank acquired a new position in Texas Roadhouse during the fourth quarter valued at approximately $1,554,000. Finally, Captrust Financial Advisors raised its position in shares of Texas Roadhouse by 72.8% in the third quarter. Captrust Financial Advisors now owns 15,727 shares of the restaurant operator’s stock valued at $2,777,000 after purchasing an additional 6,624 shares during the period. 94.82% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Texas Roadhouse

In other news, Director Gregory N. Moore sold 2,700 shares of the stock in a transaction on Monday, February 24th. The stock was sold at an average price of $168.26, for a total transaction of $454,302.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Christopher C. Colson sold 1,370 shares of the firm’s stock in a transaction on 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 approximately $1,794,600. This trade represents a 12.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 17,905 shares of company stock valued at $3,198,367 in the last ninety days. Insiders own 0.50% of the company’s stock.

Texas Roadhouse Trading Down 0.5 %

Shares of TXRH opened at $174.74 on Friday. The stock has a market cap of $11.61 billion, a PE ratio of 27.01, a PEG 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. The stock has a 50 day simple moving average of $176.52 and a 200-day simple moving average of $181.43.

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

Texas Roadhouse Increases Dividend

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

Analyst Upgrades and Downgrades

TXRH has been the subject of several recent analyst reports. Guggenheim decreased their price objective on shares of Texas Roadhouse from $205.00 to $200.00 and set a “buy” rating for the company in a report on Thursday, February 27th. Morgan Stanley upgraded shares of Texas Roadhouse from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $205.00 to $213.00 in a report on Tuesday, January 21st. Royal Bank of Canada dropped their price objective on Texas Roadhouse from $200.00 to $180.00 and set a “sector perform” rating on the stock in a research note on Friday, February 21st. Citigroup increased 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. Finally, Wedbush dropped their price target on Texas Roadhouse from $220.00 to $200.00 and set an “outperform” rating on the stock in a research report on Friday, February 21st. Eleven investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $192.91.

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.