Mutual of America Capital Management LLC Sells 797 Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH)

Mutual of America Capital Management LLC reduced its stake in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 2.2% during the 4th quarter, Holdings Channel.com reports. The firm owned 35,240 shares of the restaurant operator’s stock after selling 797 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Texas Roadhouse were worth $6,358,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Hantz Financial Services Inc. boosted its position in Texas Roadhouse by 8,594.4% in the 3rd quarter. Hantz Financial Services Inc. now owns 3,130 shares of the restaurant operator’s stock valued at $553,000 after buying an additional 3,094 shares during the last quarter. Massachusetts Financial Services Co. MA bought a new position in Texas Roadhouse in the third quarter valued at about $17,853,000. Victory Capital Management Inc. increased its position in Texas Roadhouse by 194.9% in the third quarter. Victory Capital Management Inc. now owns 67,733 shares of the restaurant operator’s stock worth $11,962,000 after purchasing an additional 44,768 shares during the period. First Hawaiian Bank bought a new stake in Texas Roadhouse during the 4th quarter worth about $1,554,000. Finally, Thrivent Financial for Lutherans lifted its position in Texas Roadhouse by 0.9% during the 3rd quarter. Thrivent Financial for Lutherans now owns 483,045 shares of the restaurant operator’s stock valued at $85,306,000 after purchasing an additional 4,391 shares during the period. Institutional investors and hedge funds own 94.82% of the company’s stock.

Insider Transactions at Texas Roadhouse

In related news, Director Curtis Warfield sold 4,190 shares of Texas Roadhouse stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $178.80, for a total value of $749,172.00. Following the sale, the director now owns 10,082 shares of the company’s stock, valued at approximately $1,802,661.60. The trade was a 29.36 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Christopher C. Colson sold 580 shares of the stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $181.94, for a total value of $105,525.20. Following the transaction, the insider now directly owns 12,000 shares of the company’s stock, valued at $2,183,280. This trade represents a 4.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 11,470 shares of company stock valued at $2,010,238 over the last 90 days. 0.50% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

TXRH has been the subject of several analyst reports. Wedbush lowered 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. Barclays lowered their target price on shares of Texas Roadhouse from $194.00 to $178.00 and set an “equal weight” rating for the company in a report on Friday, February 21st. Guggenheim cut their price target on Texas Roadhouse from $205.00 to $200.00 and set a “buy” rating on the stock in a research note on Thursday, February 27th. Morgan Stanley raised Texas Roadhouse from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $205.00 to $213.00 in a research note on Tuesday, January 21st. Finally, The Goldman Sachs Group initiated coverage on Texas Roadhouse in a research note on Thursday, December 5th. They issued a “neutral” rating and a $213.00 target price on the stock. Eleven research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $192.73.

Texas Roadhouse Trading Down 1.6 %

TXRH stock opened at $181.21 on Tuesday. The stock has a 50-day moving average price of $178.58 and a two-hundred day moving average price of $180.67. Texas Roadhouse, Inc. has a 1 year low of $146.75 and a 1 year high of $206.04. The stock has a market cap of $12.09 billion, a PE ratio of 28.01, a price-to-earnings-growth ratio of 1.23 and a beta of 1.02.

Texas Roadhouse (NASDAQ:TXRH) last posted its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $1.41 billion. Texas Roadhouse had a return on equity of 34.02% and a net margin of 8.07%. On average, analysts forecast that Texas Roadhouse, Inc. will post 7.23 earnings per share for the current fiscal year.

Texas Roadhouse Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 18th will be issued a $0.68 dividend. The ex-dividend date is Tuesday, March 18th. This is an increase 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 1.50%. Texas Roadhouse’s dividend payout ratio (DPR) is 42.04%.

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.