Dark Forest Capital Management LP Acquires 5,397 Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH)

Dark Forest Capital Management LP grew its holdings in Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 437.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,631 shares of the restaurant operator's stock after buying an additional 5,397 shares during the period. Dark Forest Capital Management LP's holdings in Texas Roadhouse were worth $1,196,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of TXRH. Barclays PLC lifted its position in Texas Roadhouse by 14.4% during the third quarter. Barclays PLC now owns 1,180,842 shares of the restaurant operator's stock worth $208,539,000 after acquiring an additional 148,462 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new stake in Texas Roadhouse in the 3rd quarter valued at $1,282,000. Synovus Financial Corp grew its holdings in Texas Roadhouse by 4.8% in the 3rd quarter. Synovus Financial Corp now owns 6,711 shares of the restaurant operator's stock valued at $1,185,000 after buying an additional 305 shares in the last quarter. Franklin Resources Inc. increased its position in Texas Roadhouse by 76.0% during the 3rd quarter. Franklin Resources Inc. now owns 893,925 shares of the restaurant operator's stock worth $157,375,000 after buying an additional 385,998 shares during the period. Finally, B. Riley Wealth Advisors Inc. acquired a new stake in shares of Texas Roadhouse during the third quarter worth $245,000. 94.82% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have issued reports on TXRH. Truist Financial cut their price objective on shares of Texas Roadhouse from $209.00 to $205.00 and set a "buy" rating for the company in a report on Friday, February 21st. Stifel Nicolaus decreased their price objective on shares of Texas Roadhouse from $172.00 to $170.00 and set a "hold" rating on the stock in a research note on Tuesday, April 15th. Wedbush boosted their price objective on shares of Texas Roadhouse from $200.00 to $210.00 and gave the company an "outperform" rating in a research report on Friday, March 28th. Gordon Haskett lowered Texas Roadhouse from a "buy" rating to a "hold" rating and set a $192.00 price target on the stock. in a research note on Wednesday, January 8th. Finally, Stephens decreased their target price on Texas Roadhouse from $186.00 to $180.00 and set an "equal weight" rating on the stock in a research report on Friday, February 21st. Ten analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $192.29.

Insider Buying and Selling at Texas Roadhouse

In related news, Director Gregory N. Moore sold 2,700 shares of the stock in a transaction on Monday, February 24th. The shares were sold at an average price of $168.26, for a total transaction of $454,302.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CTO Hernan E. Mujica sold 2,050 shares of Texas Roadhouse 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 completion of the sale, the chief technology officer now directly owns 17,162 shares of the company's stock, valued at approximately $2,928,866.92. This trade represents a 10.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 16,535 shares of company stock valued at $2,952,507. 0.50% of the stock is currently owned by company insiders.

Texas Roadhouse Trading Down 0.9 %

TXRH stock traded down $1.49 during trading on Tuesday, hitting $165.17. The company had a trading volume of 867,552 shares, compared to its average volume of 884,304. The stock has a market cap of $10.98 billion, a PE ratio of 25.53, a PEG ratio of 1.23 and a beta of 0.88. The business has a 50-day moving average of $169.35 and a 200-day moving average of $180.03. Texas Roadhouse, Inc. has a one year low of $148.73 and a one year high of $206.04.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The restaurant operator reported $1.73 earnings per share for the quarter, topping the consensus estimate of $1.66 by $0.07. The company had revenue of $1.44 billion during the quarter, compared to analysts' expectations of $1.41 billion. Texas Roadhouse had a net margin of 8.07% and a return on equity of 34.02%. Research analysts forecast that Texas Roadhouse, Inc. will post 7.23 EPS for the current year.

Texas Roadhouse Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 18th were issued a $0.68 dividend. 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 yield of 1.65%. The ex-dividend date was Tuesday, March 18th. Texas Roadhouse's payout ratio is presently 42.04%.

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.