Sib LLC Has $33.05 Million Stock Holdings in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Sib LLC decreased its position in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 13.7% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 183,186 shares of the restaurant operator’s stock after selling 29,130 shares during the quarter. Texas Roadhouse makes up 17.4% of Sib LLC’s holdings, making the stock its largest holding. Sib LLC owned 0.27% of Texas Roadhouse worth $33,052,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Kingsview Wealth Management LLC lifted its stake in Texas Roadhouse by 3.1% in the 3rd quarter. Kingsview Wealth Management LLC now owns 1,771 shares of the restaurant operator’s stock worth $313,000 after purchasing an additional 54 shares in the last quarter. CIBC Asset Management Inc lifted its position in shares of Texas Roadhouse by 3.3% in the third quarter. CIBC Asset Management Inc now owns 1,952 shares of the restaurant operator’s stock worth $345,000 after buying an additional 62 shares in the last quarter. Insight Wealth Partners LLC lifted its position in shares of Texas Roadhouse by 3.9% in the third quarter. Insight Wealth Partners LLC now owns 1,818 shares of the restaurant operator’s stock worth $321,000 after buying an additional 68 shares in the last quarter. PSI Advisors LLC boosted its stake in Texas Roadhouse by 70.8% during the third quarter. PSI Advisors LLC now owns 181 shares of the restaurant operator’s stock valued at $32,000 after buying an additional 75 shares during the last quarter. Finally, Angeles Wealth Management LLC grew its holdings in Texas Roadhouse by 5.4% during the 3rd quarter. Angeles Wealth Management LLC now owns 1,469 shares of the restaurant operator’s stock valued at $259,000 after buying an additional 75 shares in the last quarter. Institutional investors own 94.82% of the company’s stock.

Texas Roadhouse Trading Up 0.4 %

Shares of TXRH stock opened at $178.95 on Friday. The stock has a market capitalization of $11.94 billion, a price-to-earnings ratio of 30.75, a P/E/G ratio of 1.34 and a beta of 1.01. Texas Roadhouse, Inc. has a twelve month low of $117.98 and a twelve month high of $206.04. The stock has a fifty day simple moving average of $189.06 and a two-hundred day simple moving average of $178.75.

Texas Roadhouse (NASDAQ:TXRH) last issued its earnings results on Thursday, October 24th. The restaurant operator reported $1.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.32 by ($0.06). Texas Roadhouse had a return on equity of 31.33% and a net margin of 7.65%. The business had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.27 billion. During the same quarter in the previous year, the company earned $0.95 earnings per share. The firm’s revenue was up 13.5% on a year-over-year basis. Research analysts predict that Texas Roadhouse, Inc. will post 6.4 EPS for the current fiscal year.

Texas Roadhouse Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 10th were issued a dividend of $0.61 per share. The ex-dividend date of this dividend was Tuesday, December 10th. This represents a $2.44 dividend on an annualized basis and a yield of 1.36%. Texas Roadhouse’s dividend payout ratio is currently 41.92%.

Insider Buying and Selling at Texas Roadhouse

In related news, Director Donna E. Epps sold 610 shares of the stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $195.66, for a total transaction of $119,352.60. Following the completion of the sale, the director now owns 3,532 shares of the company’s stock, valued at $691,071.12. This represents a 14.73 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CTO Hernan E. Mujica sold 1,500 shares of Texas Roadhouse stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $202.26, for a total transaction of $303,390.00. Following the completion of the transaction, the chief technology officer now directly owns 16,342 shares in the company, valued at $3,305,332.92. This represents a 8.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 3,480 shares of company stock valued at $668,603. 0.50% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts have recently commented on TXRH shares. Stifel Nicolaus increased their target price on Texas Roadhouse from $180.00 to $195.00 and gave the company a “hold” rating in a research report on Friday, October 25th. Gordon Haskett cut shares of Texas Roadhouse from a “buy” rating to a “hold” rating and set a $192.00 price objective for the company. in a research note on Wednesday, January 8th. Morgan Stanley upped their target price on shares of Texas Roadhouse from $200.00 to $205.00 and gave the company an “equal weight” rating in a research report on Friday, October 25th. Wedbush reiterated an “outperform” rating and issued a $200.00 price target on shares of Texas Roadhouse in a research report on Thursday, December 19th. Finally, The Goldman Sachs Group started coverage on Texas Roadhouse in a research report on Thursday, December 5th. They set a “neutral” rating and a $213.00 price objective on the stock. Fourteen equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Texas Roadhouse currently has a consensus rating of “Hold” and a consensus price target of $190.91.

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.