Optas LLC Reduces Stock Position in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Optas LLC decreased its holdings in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 25.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,152 shares of the restaurant operator’s stock after selling 1,764 shares during the period. Optas LLC’s holdings in Texas Roadhouse were worth $930,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Creative Planning lifted its position in Texas Roadhouse by 12.8% during the second quarter. Creative Planning now owns 9,562 shares of the restaurant operator’s stock valued at $1,642,000 after purchasing an additional 1,083 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Texas Roadhouse by 41.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 684 shares of the restaurant operator’s stock worth $117,000 after acquiring an additional 199 shares during the last quarter. Cetera Investment Advisers lifted its holdings in shares of Texas Roadhouse by 125.1% in the 2nd quarter. Cetera Investment Advisers now owns 6,392 shares of the restaurant operator’s stock worth $1,098,000 after acquiring an additional 3,553 shares during the last quarter. Sanctuary Advisors LLC bought a new stake in Texas Roadhouse in the second quarter worth about $953,000. Finally, GAMMA Investing LLC lifted its stake in Texas Roadhouse by 14.2% in the third quarter. GAMMA Investing LLC now owns 1,198 shares of the restaurant operator’s stock worth $212,000 after purchasing an additional 149 shares during the last quarter. 94.82% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

TXRH has been the subject of several recent research reports. Gordon Haskett lowered shares of Texas Roadhouse from a “buy” rating to a “hold” rating and set a $192.00 price target for the company. in a report on Wednesday, January 8th. The Goldman Sachs Group began coverage on shares of Texas Roadhouse in a research note on Thursday, December 5th. They issued a “neutral” rating and a $213.00 price objective on the stock. Robert W. Baird lifted their price target on shares of Texas Roadhouse from $190.00 to $205.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. Wedbush reaffirmed an “outperform” rating and set a $200.00 price objective on shares of Texas Roadhouse in a research note on Thursday, December 19th. Finally, Loop Capital reduced their target price on Texas Roadhouse from $215.00 to $209.00 and set a “buy” rating on the stock in a research report on Monday, October 28th. Thirteen analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $191.26.

Insider Buying and Selling

In other Texas Roadhouse news, CTO Hernan E. Mujica sold 1,500 shares of Texas Roadhouse stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $202.26, for a total value of $303,390.00. Following the transaction, the chief technology officer now owns 16,342 shares in the company, valued at $3,305,332.92. This trade represents a 8.41 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Christopher C. Colson sold 1,370 shares of Texas Roadhouse stock in a transaction on Friday, January 10th. The shares were sold at an average price of $179.46, for a total transaction of $245,860.20. Following the transaction, the insider now owns 10,000 shares in the company, valued at $1,794,600. The trade was a 12.05 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 3,480 shares of company stock worth $668,603 in the last ninety days. Insiders own 0.50% of the company’s stock.

Texas Roadhouse Trading Up 1.3 %

NASDAQ TXRH opened at $183.49 on Tuesday. The stock has a market capitalization of $12.24 billion, a price-to-earnings ratio of 31.53, a PEG ratio of 1.30 and a beta of 1.02. The business’s 50 day moving average is $186.02 and its two-hundred day moving average is $179.71. Texas Roadhouse, Inc. has a 12-month low of $126.93 and a 12-month high of $206.04.

Texas Roadhouse Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors 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 annualized dividend and a yield of 1.33%. Texas Roadhouse’s dividend payout ratio is presently 41.92%.

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.