Point72 Hong Kong Ltd Sells 731 Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH)

Point72 Hong Kong Ltd lessened its position in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 4.4% during the fourth quarter, Holdings Channel reports. The fund owned 15,738 shares of the restaurant operator’s stock after selling 731 shares during the period. Point72 Hong Kong Ltd’s holdings in Texas Roadhouse were worth $2,840,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in TXRH. Norges Bank bought a new position in shares of Texas Roadhouse during the fourth quarter valued at about $155,239,000. FMR LLC grew its stake in shares of Texas Roadhouse by 44.8% during the fourth quarter. FMR LLC now owns 1,300,987 shares of the restaurant operator’s stock valued at $234,737,000 after buying an additional 402,465 shares during the last quarter. T. Rowe Price Investment Management Inc. grew its stake in shares of Texas Roadhouse by 255.1% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 520,352 shares of the restaurant operator’s stock worth $93,888,000 after purchasing an additional 373,812 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of Texas Roadhouse in the fourth quarter worth about $55,177,000. Finally, Arrowstreet Capital Limited Partnership grew its stake in shares of Texas Roadhouse by 29.0% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 819,522 shares of the restaurant operator’s stock worth $147,866,000 after purchasing an additional 184,250 shares during the last quarter. Institutional investors own 94.82% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on TXRH. Barclays cut their target price on Texas Roadhouse from $179.00 to $175.00 and set an “equal weight” rating on the stock in a research note on Friday, May 9th. UBS Group cut their target price on Texas Roadhouse from $210.00 to $200.00 and set a “buy” rating on the stock in a research note on Monday, May 5th. Royal Bank of Canada cut their target price 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. JPMorgan Chase & Co. lowered 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. Finally, Truist Financial cut their price objective on Texas Roadhouse from $209.00 to $205.00 and set a “buy” rating on the stock in a research report on Friday, February 21st. Ten analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, Texas Roadhouse currently has an average rating of “Moderate Buy” and a consensus target price of $191.62.

Texas Roadhouse Stock Performance

TXRH stock opened at $189.42 on Friday. The firm has a 50 day moving average price of $168.98 and a 200-day moving average price of $179.56. Texas Roadhouse, Inc. has a 52-week low of $148.73 and a 52-week high of $206.04. The firm has a market capitalization of $12.59 billion, a price-to-earnings ratio of 29.28, a PEG ratio of 1.23 and a beta of 0.87.

Texas Roadhouse (NASDAQ:TXRH) last announced its quarterly earnings data on Thursday, May 8th. The restaurant operator reported $1.70 earnings per share for the quarter, missing analysts’ consensus estimates of $1.75 by ($0.05). Texas Roadhouse had a return on equity of 34.02% and a net margin of 8.07%. The firm had revenue of $1.45 billion during the quarter, compared to analysts’ expectations of $1.44 billion. During the same quarter in the previous year, the firm earned $1.69 earnings per share. Texas Roadhouse’s revenue was up 11.8% on a year-over-year basis. As a group, sell-side analysts forecast that Texas Roadhouse, Inc. will post 7.23 earnings per share for the current fiscal year.

Texas Roadhouse Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Tuesday, June 3rd will be issued a $0.68 dividend. The ex-dividend date is Tuesday, June 3rd. This represents a $2.72 dividend on an annualized basis and a yield of 1.44%. Texas Roadhouse’s payout ratio is currently 41.98%.

Insider Buying and Selling

In related news, CTO Hernan E. Mujica sold 2,050 shares of the business’s stock in a transaction that occurred on 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, President Regina A. Tobin sold 3,154 shares of the business’s stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $185.64, for a total transaction of $585,508.56. Following the completion of the transaction, the president now owns 18,414 shares of the company’s stock, valued at approximately $3,418,374.96. The trade was a 14.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 17,535 shares of company stock worth $3,140,127 in the last three months. 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.