Centiva Capital LP Acquires 7,472 Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH)

Centiva Capital LP raised its holdings in Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 108.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 14,338 shares of the restaurant operator's stock after purchasing an additional 7,472 shares during the quarter. Centiva Capital LP's holdings in Texas Roadhouse were worth $2,587,000 as of its most recent SEC filing.

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

Texas Roadhouse Price Performance

Shares of NASDAQ TXRH traded up $8.26 during mid-day trading on Friday, hitting $180.81. 2,106,722 shares of the stock traded hands, compared to its average volume of 888,736. The company has a market cap of $12.02 billion, a PE ratio of 27.95, a price-to-earnings-growth ratio of 1.23 and a beta of 0.87. Texas Roadhouse, Inc. has a twelve month low of $148.73 and a twelve month high of $206.04. The firm has a 50 day simple moving average of $168.25 and a two-hundred day simple moving average of $179.39.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The restaurant operator reported $1.70 earnings per share for the quarter, missing the consensus estimate of $1.75 by ($0.05). The firm had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.44 billion. Texas Roadhouse had a return on equity of 34.02% and a net margin of 8.07%. The business's revenue for the quarter was up 11.8% on a year-over-year basis. During the same quarter last year, the firm posted $1.69 earnings per share. On average, equities research analysts anticipate that Texas Roadhouse, Inc. will post 7.23 earnings per share 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. Stockholders of record on Tuesday, June 3rd will be paid a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a dividend yield of 1.50%. The ex-dividend date of this dividend is Tuesday, June 3rd. Texas Roadhouse's payout ratio is currently 42.04%.

Insider Transactions at Texas Roadhouse

In related news, Director Gregory N. Moore sold 2,700 shares of the company's stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $168.26, for a total value of $454,302.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Curtis Warfield sold 3,281 shares of the firm's stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $183.67, for a total transaction 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. The trade was a 32.54 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 16,535 shares of company stock worth $2,952,507. Company insiders own 0.50% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on TXRH shares. Stifel Nicolaus reduced their target price on Texas Roadhouse from $172.00 to $170.00 and set a "hold" rating on the stock in a report on Tuesday, April 15th. Wedbush upped their price target on Texas Roadhouse from $200.00 to $210.00 and gave the stock an "outperform" rating in a research report on Friday, March 28th. Morgan Stanley raised Texas Roadhouse from an "equal weight" rating to an "overweight" rating and boosted their price target for the stock from $205.00 to $213.00 in a research report on Tuesday, January 21st. Wells Fargo & Company reduced their price target on Texas Roadhouse from $175.00 to $170.00 and set an "equal weight" rating for the company in a report on Tuesday, April 22nd. Finally, Royal Bank of Canada dropped their price objective on shares of Texas Roadhouse from $200.00 to $180.00 and set a "sector perform" rating on the stock in a research report on Friday, February 21st. Ten investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, Texas Roadhouse 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.