Orion Portfolio Solutions LLC Sells 1,351 Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH)

Orion Portfolio Solutions LLC reduced its position in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 5.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 23,288 shares of the restaurant operator’s stock after selling 1,351 shares during the period. Orion Portfolio Solutions LLC’s holdings in Texas Roadhouse were worth $4,202,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of TXRH. Pictet Asset Management Holding SA grew its holdings in Texas Roadhouse by 11.5% in the fourth quarter. Pictet Asset Management Holding SA now owns 10,613 shares of the restaurant operator’s stock worth $1,915,000 after purchasing an additional 1,098 shares during the last quarter. New Age Alpha Advisors LLC purchased a new position in Texas Roadhouse during the 4th quarter worth $2,614,000. Norges Bank purchased a new position in Texas Roadhouse during the 4th quarter worth $155,239,000. Summitry LLC increased its position in Texas Roadhouse by 28.4% during the 4th quarter. Summitry LLC now owns 1,916 shares of the restaurant operator’s stock valued at $346,000 after buying an additional 424 shares in the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp raised its stake in Texas Roadhouse by 25.8% in the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 11,538 shares of the restaurant operator’s stock valued at $2,082,000 after buying an additional 2,369 shares during the last quarter. Hedge funds and other institutional investors own 94.82% of the company’s stock.

Insider Activity at Texas Roadhouse

In other Texas Roadhouse news, President Regina A. Tobin sold 3,154 shares of the stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $185.64, for a total transaction 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. This trade represents a 14.62 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Curtis Warfield sold 3,281 shares of Texas Roadhouse stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $183.67, for a total transaction of $602,621.27. Following the completion of the sale, the director now owns 6,801 shares in the company, valued at approximately $1,249,139.67. This trade represents a 32.54 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 17,905 shares of company stock valued at $3,198,367. 0.50% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research firms have recently issued reports on TXRH. Citigroup upped their price objective on shares of Texas Roadhouse from $212.00 to $213.00 and gave the company a “buy” rating in a report on Friday, February 21st. Gordon Haskett lowered shares of Texas Roadhouse from a “buy” rating to a “hold” rating and set a $192.00 price target on the stock. in a research note on Wednesday, January 8th. Wedbush lifted their price objective on shares of Texas Roadhouse from $200.00 to $210.00 and gave the stock an “outperform” rating in a research note on Friday. Stifel Nicolaus cut their target price on Texas Roadhouse from $185.00 to $172.00 and set a “hold” rating on the stock in a research report on Friday, February 21st. Finally, JPMorgan Chase & Co. reduced their price objective on Texas Roadhouse from $185.00 to $184.00 and set a “neutral” rating for the company in a research note on Thursday, March 20th. Eleven analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $193.36.

Texas Roadhouse Stock Performance

TXRH opened at $171.05 on Monday. The company has a fifty day moving average of $176.36 and a two-hundred day moving average of $181.78. The stock has a market capitalization of $11.37 billion, a price-to-earnings ratio of 26.44, a PEG ratio of 1.23 and a beta of 1.00. Texas Roadhouse, Inc. has a fifty-two week low of $146.75 and a fifty-two week high of $206.04.

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 the consensus estimate of $1.66 by $0.07. The firm 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 research analysts forecast that Texas Roadhouse, Inc. will post 7.23 earnings per share for the current year.

Texas Roadhouse Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 18th will be given a dividend of $0.68 per share. This is a positive change from Texas Roadhouse’s previous quarterly dividend of $0.61. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.59%. Texas Roadhouse’s dividend payout ratio (DPR) is 42.04%.

About Texas Roadhouse

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.