Alyeska Investment Group L.P. Acquires 2,363 Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH)

Alyeska Investment Group L.P. lifted its stake in Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 2.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 112,058 shares of the restaurant operator's stock after acquiring an additional 2,363 shares during the period. Alyeska Investment Group L.P. owned approximately 0.17% of Texas Roadhouse worth $20,219,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of TXRH. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Texas Roadhouse during the 4th quarter worth about $30,000. Coppell Advisory Solutions LLC increased its stake in Texas Roadhouse by 56.8% during the fourth quarter. Coppell Advisory Solutions LLC now owns 196 shares of the restaurant operator's stock valued at $35,000 after acquiring an additional 71 shares during the period. SBI Securities Co. Ltd. acquired a new position in Texas Roadhouse in the 4th quarter valued at approximately $36,000. MassMutual Private Wealth & Trust FSB lifted its position in shares of Texas Roadhouse by 32.2% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 267 shares of the restaurant operator's stock worth $48,000 after acquiring an additional 65 shares during the period. Finally, VisionPoint Advisory Group LLC acquired a new stake in shares of Texas Roadhouse during the 4th quarter worth approximately $64,000. Institutional investors own 94.82% of the company's stock.

Texas Roadhouse Trading Up 4.8 %

Shares of Texas Roadhouse stock traded up $8.26 during midday trading on Friday, reaching $180.81. The company had a trading volume of 2,106,722 shares, compared to its average volume of 890,476. The stock has a fifty day simple moving average of $168.25 and a 200 day simple moving average of $179.40. Texas Roadhouse, Inc. has a 1-year low of $148.73 and a 1-year high of $206.04. The company has a market capitalization of $12.02 billion, a price-to-earnings ratio of 27.95, a price-to-earnings-growth ratio of 1.23 and a beta of 0.87.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last released 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). The firm had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.44 billion. Texas Roadhouse had a net margin of 8.07% and a return on equity of 34.02%. The firm's quarterly revenue was up 11.8% on a year-over-year basis. During the same period last year, the business posted $1.69 earnings per share. Sell-side analysts expect that Texas Roadhouse, Inc. will post 7.23 earnings per share for the current year.

Texas Roadhouse Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Tuesday, June 3rd will be issued a $0.68 dividend. The ex-dividend date of this dividend is Tuesday, June 3rd. This represents a $2.72 annualized dividend and a yield of 1.50%. Texas Roadhouse's dividend payout ratio is currently 42.04%.

Insiders Place Their Bets

In other Texas Roadhouse news, Director Curtis Warfield sold 3,281 shares of the stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $183.67, for a total value of $602,621.27. Following the transaction, the director now owns 6,801 shares of the company's stock, valued at approximately $1,249,139.67. This represents a 32.54 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, President Regina A. Tobin sold 3,154 shares of the company's stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $185.64, for a total value 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 approximately $3,418,374.96. This trade represents a 14.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 16,535 shares of company stock valued at $2,952,507. Company insiders own 0.50% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on TXRH. Robert W. Baird set a $180.00 target price on Texas Roadhouse and gave the stock an "outperform" rating in a research report on Monday, April 7th. JPMorgan Chase & Co. reduced their price objective on shares of Texas Roadhouse from $185.00 to $184.00 and set a "neutral" rating for the company in a report on Thursday, March 20th. Wells Fargo & Company lowered their target price on shares of Texas Roadhouse from $175.00 to $170.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 22nd. Morgan Stanley upgraded shares of Texas Roadhouse from an "equal weight" rating to an "overweight" rating and raised their price target for the stock from $205.00 to $213.00 in a research note on Tuesday, January 21st. Finally, Citigroup downgraded Texas Roadhouse from a "buy" rating to a "neutral" rating and decreased their price objective for the company from $213.00 to $164.00 in a report on Wednesday, April 23rd. Ten research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, Texas Roadhouse presently has an average rating of "Moderate Buy" and an average target price of $191.62.

Texas Roadhouse Company 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.