Trexquant Investment LP Sells 39,160 Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH)

Trexquant Investment LP decreased its stake in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 35.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 70,167 shares of the restaurant operator’s stock after selling 39,160 shares during the period. Trexquant Investment LP’s holdings in Texas Roadhouse were worth $12,660,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of TXRH. FMR LLC grew its position in Texas Roadhouse by 81.6% in the 3rd quarter. FMR LLC now owns 898,522 shares of the restaurant operator’s stock worth $158,679,000 after purchasing an additional 403,720 shares during the last quarter. BNP Paribas Financial Markets grew its position in Texas Roadhouse by 12.4% during the third quarter. BNP Paribas Financial Markets now owns 51,181 shares of the restaurant operator’s stock worth $9,039,000 after buying an additional 5,660 shares in the last quarter. Glenmede Trust Co. NA increased its stake in Texas Roadhouse by 22.4% during the third quarter. Glenmede Trust Co. NA now owns 2,048 shares of the restaurant operator’s stock valued at $362,000 after acquiring an additional 375 shares during the period. Captrust Financial Advisors raised its holdings in Texas Roadhouse by 72.8% in the 3rd quarter. Captrust Financial Advisors now owns 15,727 shares of the restaurant operator’s stock valued at $2,777,000 after acquiring an additional 6,624 shares in the last quarter. Finally, Edgestream Partners L.P. bought a new stake in shares of Texas Roadhouse in the 3rd quarter worth approximately $1,951,000. Institutional investors own 94.82% of the company’s stock.

Texas Roadhouse Price Performance

TXRH opened at $168.92 on Wednesday. The company’s 50 day simple moving average is $175.85 and its 200-day simple moving average is $181.85. Texas Roadhouse, Inc. has a one year low of $146.75 and a one year high of $206.04. The stock has a market capitalization of $11.22 billion, a P/E ratio of 26.11, a price-to-earnings-growth ratio of 1.23 and a beta of 1.00.

Texas Roadhouse (NASDAQ:TXRH) last announced its quarterly earnings data on Thursday, February 20th. The restaurant operator reported $1.73 EPS 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 analyst estimates of $1.41 billion. Texas Roadhouse had a return on equity of 34.02% and a net margin of 8.07%. As a group, analysts anticipate 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. Investors of record on Tuesday, March 18th were paid a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.61%. This is an increase from Texas Roadhouse’s previous quarterly dividend of $0.61. The ex-dividend date of this dividend was Tuesday, March 18th. Texas Roadhouse’s payout ratio is 42.04%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on TXRH shares. Barclays lowered their price objective on Texas Roadhouse from $194.00 to $178.00 and set an “equal weight” rating on the stock in a research report on Friday, February 21st. Wedbush boosted their price target on shares of Texas Roadhouse from $200.00 to $210.00 and gave the company an “outperform” rating in a report on Friday, March 28th. JPMorgan Chase & Co. reduced their price objective on shares of Texas Roadhouse from $185.00 to $184.00 and set a “neutral” rating for the company in a report on Thursday, March 20th. Gordon Haskett cut shares of Texas Roadhouse from a “buy” rating to a “hold” rating and set a $192.00 target price on the stock. in a research note on Wednesday, January 8th. Finally, Royal Bank of Canada dropped their price target 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 investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Texas Roadhouse currently has a consensus rating of “Moderate Buy” and an average price target of $193.36.

Insider Activity at Texas Roadhouse

In related news, Director Gregory N. Moore sold 2,700 shares of Texas Roadhouse 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 Securities & Exchange Commission, which is available through the SEC website. Also, CTO Hernan E. Mujica sold 2,050 shares of the stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $170.66, for a total value of $349,853.00. Following the completion of the transaction, the chief technology officer now directly owns 17,162 shares in the company, valued at $2,928,866.92. The trade was a 10.67 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 17,905 shares of company stock worth $3,198,367 over the last ninety days. Company insiders own 0.50% of the company’s stock.

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.