Geneva Capital Management LLC Sells 14,236 Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH)

Geneva Capital Management LLC lowered its stake in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 1.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 908,169 shares of the restaurant operator’s stock after selling 14,236 shares during the quarter. Texas Roadhouse comprises about 2.8% of Geneva Capital Management LLC’s portfolio, making the stock its 8th biggest holding. Geneva Capital Management LLC’s holdings in Texas Roadhouse were worth $163,861,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. True Wealth Design LLC acquired a new stake in shares of Texas Roadhouse during the third quarter worth about $30,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Texas Roadhouse during the fourth quarter worth about $30,000. SBI Securities Co. Ltd. acquired a new stake in shares of Texas Roadhouse during the fourth quarter worth about $36,000. MassMutual Private Wealth & Trust FSB lifted its position in shares of Texas Roadhouse by 32.2% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 267 shares of the restaurant operator’s stock worth $48,000 after purchasing an additional 65 shares in the last quarter. Finally, First Horizon Advisors Inc. lifted its position in shares of Texas Roadhouse by 158.1% during the third quarter. First Horizon Advisors Inc. now owns 302 shares of the restaurant operator’s stock worth $53,000 after purchasing an additional 185 shares in the last quarter. Institutional investors and hedge funds own 94.82% of the company’s stock.

Texas Roadhouse Stock Up 0.5 %

Shares of Texas Roadhouse stock opened at $185.86 on Thursday. The firm has a market capitalization of $12.40 billion, a P/E ratio of 28.73, a P/E/G ratio of 1.23 and a beta of 1.02. Texas Roadhouse, Inc. has a 52 week low of $146.75 and a 52 week high of $206.04. The firm’s 50 day moving average is $178.69 and its two-hundred day moving average is $180.83.

Texas Roadhouse (NASDAQ:TXRH) last announced its earnings results on Thursday, February 20th. The restaurant operator reported $1.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.66 by $0.07. The business had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.41 billion. Texas Roadhouse had a net margin of 8.07% and a return on equity of 34.02%. As a group, research analysts expect that Texas Roadhouse, Inc. will post 7.23 earnings per share for the current fiscal 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. The ex-dividend date is Tuesday, March 18th. This is a positive change from Texas Roadhouse’s previous quarterly dividend of $0.61. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.46%. Texas Roadhouse’s dividend payout ratio (DPR) is 42.04%.

Insider Transactions at Texas Roadhouse

In related news, President Regina A. Tobin sold 3,154 shares of the stock in a transaction 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 sale, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Gregory N. Moore sold 2,700 shares of the stock in a transaction on Monday, February 24th. The stock was sold at an average price of $168.26, for a total value of $454,302.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 17,905 shares of company stock worth $3,198,367. Insiders own 0.50% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on TXRH shares. Stephens reduced 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 report on Friday, February 21st. Barclays reduced their price target on shares of 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. Citigroup increased their price target on shares of Texas Roadhouse from $212.00 to $213.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. Stifel Nicolaus cut 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. Finally, Royal Bank of Canada cut their target price on shares of 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. Eleven analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $192.73.

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.