Natixis Advisors LLC Sells 323 Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH)

Natixis Advisors LLC cut its stake in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 1.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 31,509 shares of the restaurant operator’s stock after selling 323 shares during the quarter. Natixis Advisors LLC’s holdings in Texas Roadhouse were worth $5,685,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. True Wealth Design LLC bought a new stake in shares of Texas Roadhouse in the 3rd quarter worth approximately $30,000. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Texas Roadhouse in the fourth quarter worth $30,000. SBI Securities Co. Ltd. purchased a new position in Texas Roadhouse during the 4th quarter valued at $36,000. MassMutual Private Wealth & Trust FSB increased its position in Texas Roadhouse by 32.2% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 267 shares of the restaurant operator’s stock valued at $48,000 after purchasing an additional 65 shares during the period. Finally, First Horizon Advisors Inc. increased its position in Texas Roadhouse by 158.1% during the 3rd quarter. First Horizon Advisors Inc. now owns 302 shares of the restaurant operator’s stock valued at $53,000 after purchasing an additional 185 shares during the period. 94.82% of the stock is currently owned by institutional investors.

Texas Roadhouse Stock Down 0.5 %

Shares of TXRH opened at $169.88 on Friday. Texas Roadhouse, Inc. has a 52-week low of $146.75 and a 52-week high of $206.04. The company has a market cap of $11.29 billion, a PE ratio of 26.26, a P/E/G ratio of 1.23 and a beta of 1.00. The business has a fifty day moving average of $176.79 and a 200 day moving average of $181.14.

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

Texas Roadhouse Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 18th will be issued a $0.68 dividend. This represents a $2.72 annualized dividend and a yield of 1.60%. The ex-dividend date of this dividend is Tuesday, March 18th. This is an increase from Texas Roadhouse’s previous quarterly dividend of $0.61. Texas Roadhouse’s dividend payout ratio (DPR) is currently 42.04%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on TXRH shares. Gordon Haskett downgraded 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 report on Wednesday, January 8th. Stephens dropped their price target on shares of Texas Roadhouse from $186.00 to $180.00 and set an “equal weight” rating on the stock in a research note on Friday, February 21st. Stifel Nicolaus lowered their target price on shares of Texas Roadhouse from $185.00 to $172.00 and set a “hold” rating on the stock in a research note on Friday, February 21st. Morgan Stanley raised 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 research report on Tuesday, January 21st. Finally, Wedbush reduced their price target on shares of Texas Roadhouse from $220.00 to $200.00 and set an “outperform” rating for the company in a research report on Friday, February 21st. Eleven analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $192.91.

Insiders Place Their Bets

In other news, CTO Hernan E. Mujica sold 2,050 shares of the business’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $170.66, for a total value of $349,853.00. Following the completion of the sale, 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Christopher C. Colson sold 1,370 shares of the business’s stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $179.46, for a total value of $245,860.20. Following the sale, the insider now owns 10,000 shares of the company’s stock, valued at $1,794,600. The trade was a 12.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 17,905 shares of company stock valued at $3,198,367. 0.50% of the stock is currently owned by corporate insiders.

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.