Savoir Faire Capital Management L.P. Sells 10,599 Shares of Texas Roadhouse, Inc. $TXRH

Savoir Faire Capital Management L.P. decreased its holdings in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 37.7% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,484 shares of the restaurant operator’s stock after selling 10,599 shares during the period. Texas Roadhouse comprises approximately 1.4% of Savoir Faire Capital Management L.P.’s investment portfolio, making the stock its 29th biggest holding. Savoir Faire Capital Management L.P.’s holdings in Texas Roadhouse were worth $2,902,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Oak Thistle LLC acquired a new position in Texas Roadhouse in the 4th quarter valued at approximately $1,553,000. Capital World Investors grew its holdings in Texas Roadhouse by 580.2% during the 3rd quarter. Capital World Investors now owns 2,236,885 shares of the restaurant operator’s stock worth $371,658,000 after acquiring an additional 1,908,033 shares during the period. Caprock Group LLC acquired a new stake in Texas Roadhouse during the 3rd quarter worth about $1,070,000. Bfsg LLC raised its position in shares of Texas Roadhouse by 111.1% in the 3rd quarter. Bfsg LLC now owns 29,798 shares of the restaurant operator’s stock worth $4,951,000 after acquiring an additional 15,682 shares in the last quarter. Finally, Sequoia Financial Advisors LLC raised its position in shares of Texas Roadhouse by 101.0% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 5,377 shares of the restaurant operator’s stock worth $893,000 after acquiring an additional 2,702 shares in the last quarter. 94.82% of the stock is owned by institutional investors and hedge funds.

Texas Roadhouse Price Performance

TXRH opened at $160.99 on Friday. Texas Roadhouse, Inc. has a fifty-two week low of $156.00 and a fifty-two week high of $199.99. The firm has a market capitalization of $10.61 billion, a PE ratio of 26.44, a P/E/G ratio of 1.82 and a beta of 0.88. The company’s 50-day moving average is $168.05 and its 200 day moving average is $172.95.

Texas Roadhouse (NASDAQ:TXRH) last released its quarterly earnings results on Thursday, February 19th. The restaurant operator reported $1.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.53 by ($0.25). The company had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.50 billion. Texas Roadhouse had a net margin of 6.90% and a return on equity of 27.88%. Texas Roadhouse’s revenue for the quarter was up 3.1% on a year-over-year basis. During the same quarter last year, the firm posted $1.73 EPS. As a group, analysts expect that Texas Roadhouse, Inc. will post 6.35 EPS for the current year.

Texas Roadhouse Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 17th were issued a $0.75 dividend. This is a boost from Texas Roadhouse’s previous quarterly dividend of $0.68. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date was Tuesday, March 17th. Texas Roadhouse’s dividend payout ratio is 49.26%.

Insider Activity at Texas Roadhouse

In other Texas Roadhouse news, President Regina A. Tobin sold 4,450 shares of the firm’s stock in a transaction on Thursday, March 19th. The stock was sold at an average price of $171.00, for a total transaction of $760,950.00. Following the transaction, the president directly owned 13,778 shares in the company, valued at approximately $2,356,038. This trade represents a 24.41% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Hugh J. Carroll sold 988 shares of Texas Roadhouse stock in a transaction on Monday, March 16th. The stock was sold at an average price of $170.96, for a total transaction of $168,908.48. Following the transaction, the director directly owned 866 shares in the company, valued at $148,051.36. This represents a 53.29% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 12,988 shares of company stock valued at $2,218,144 over the last 90 days. Corporate insiders own 0.50% of the company’s stock.

Wall Street Analysts Forecast Growth

TXRH has been the topic of several recent analyst reports. Truist Financial dropped their price target on Texas Roadhouse from $188.00 to $186.00 and set a “hold” rating on the stock in a research note on Friday, February 20th. Zacks Research raised shares of Texas Roadhouse from a “strong sell” rating to a “hold” rating in a research report on Thursday, January 8th. Wall Street Zen upgraded shares of Texas Roadhouse from a “sell” rating to a “hold” rating in a research report on Saturday, April 11th. The Goldman Sachs Group increased their target price on shares of Texas Roadhouse from $175.00 to $200.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 28th. Finally, Citigroup reduced their price target on shares of Texas Roadhouse from $184.00 to $176.00 and set a “neutral” rating for the company in a report on Friday, April 24th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and thirteen have issued a Hold rating to the company’s stock. According to data from MarketBeat, Texas Roadhouse currently has an average rating of “Moderate Buy” and a consensus target price of $195.14.

Texas Roadhouse Company Profile

Texas Roadhouse, Inc is a casual dining restaurant chain specializing in hand‐cut steaks, fall‐off‐the‐bone ribs, chicken, seafood and house specialties. Each restaurant features a Western‐themed décor, open kitchens and a signature line dance presentation of fresh, made‐from‐scratch sides and breads. The company emphasizes an energetic dining experience, focusing on hospitality, value and a family‐friendly environment.

The concept was created in 1993 by founder Kent Taylor, who sought to combine high‐quality steaks with an approachable, community‐oriented atmosphere.