Nuveen Asset Management LLC Sells 41,904 Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH)

Nuveen Asset Management LLC reduced its position in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 13.5% in the 4th quarter, Holdings Channel reports. The institutional investor owned 269,520 shares of the restaurant operator’s stock after selling 41,904 shares during the period. Nuveen Asset Management LLC’s holdings in Texas Roadhouse were worth $48,629,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Numerai GP LLC boosted its position in shares of Texas Roadhouse by 335.3% in the 4th quarter. Numerai GP LLC now owns 12,895 shares of the restaurant operator’s stock worth $2,327,000 after purchasing an additional 9,933 shares during the last quarter. Lazard Asset Management LLC lifted its holdings in shares of Texas Roadhouse by 1.5% in the fourth quarter. Lazard Asset Management LLC now owns 8,316 shares of the restaurant operator’s stock valued at $1,500,000 after purchasing an additional 119 shares in the last quarter. Janus Henderson Group PLC increased its position in shares of Texas Roadhouse by 64.2% in the fourth quarter. Janus Henderson Group PLC now owns 75,469 shares of the restaurant operator’s stock valued at $13,614,000 after acquiring an additional 29,500 shares during the last quarter. Jefferies Financial Group Inc. acquired a new stake in shares of Texas Roadhouse in the fourth quarter valued at about $371,000. Finally, Gotham Asset Management LLC increased its position in shares of Texas Roadhouse by 36.0% in the fourth quarter. Gotham Asset Management LLC now owns 12,181 shares of the restaurant operator’s stock valued at $2,198,000 after acquiring an additional 3,223 shares during the last quarter. 94.82% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Texas Roadhouse news, CTO Hernan E. Mujica sold 2,050 shares of the business’s stock in a transaction on Monday, February 24th. The shares were sold at an average price of $170.66, for a total transaction of $349,853.00. Following the sale, the chief technology officer now owns 17,162 shares of the company’s stock, valued at $2,928,866.92. The trade was a 10.67% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Gregory N. Moore sold 1,000 shares of the business’s stock in a transaction on Monday, May 12th. The shares were sold at an average price of $187.62, for a total transaction of $187,620.00. Following the transaction, the director now owns 38,050 shares of the company’s stock, valued at $7,138,941. This trade represents a 2.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 17,535 shares of company stock valued at $3,140,127 in the last 90 days. 0.50% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Truist Financial lowered their price target on Texas Roadhouse from $209.00 to $205.00 and set a “buy” rating on the stock in a research report on Friday, February 21st. Stephens cut their price target on Texas Roadhouse from $186.00 to $180.00 and set an “equal weight” rating for the company in a research note on Friday, February 21st. Morgan Stanley upgraded Texas Roadhouse from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $205.00 to $213.00 in a research note on Tuesday, January 21st. Citigroup cut Texas Roadhouse from a “buy” rating to a “neutral” rating and cut their target price for the stock from $213.00 to $164.00 in a research note on Wednesday, April 23rd. Finally, UBS Group lowered their price target on shares of Texas Roadhouse from $210.00 to $200.00 and set a “buy” rating for the company in a report on Monday, May 5th. Ten equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $191.62.

Texas Roadhouse Trading Up 0.3%

Shares of Texas Roadhouse stock opened at $193.53 on Tuesday. The business has a 50-day moving average price of $169.66 and a two-hundred day moving average price of $179.41. The company has a market cap of $12.86 billion, a P/E ratio of 29.91, a PEG ratio of 1.23 and a beta of 0.87. Texas Roadhouse, Inc. has a 1-year low of $148.73 and a 1-year high of $206.04.

Texas Roadhouse (NASDAQ:TXRH) last issued its earnings results on Thursday, May 8th. The restaurant operator reported $1.70 EPS for the quarter, missing the consensus estimate of $1.75 by ($0.05). Texas Roadhouse had a net margin of 8.07% and a return on equity of 34.02%. The firm had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.44 billion. During the same quarter in the prior year, the business earned $1.69 earnings per share. The business’s quarterly revenue was up 11.8% on a year-over-year basis. Equities research analysts forecast that Texas Roadhouse, Inc. will post 7.23 EPS for the current fiscal year.

Texas Roadhouse Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Tuesday, June 3rd will be given a $0.68 dividend. The ex-dividend date is Tuesday, June 3rd. This represents a $2.72 annualized dividend and a yield of 1.41%. Texas Roadhouse’s payout ratio is 41.98%.

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.