Cooper Investors PTY Ltd. Acquires Shares of 45,054 Texas Roadhouse, Inc. (NASDAQ:TXRH)

Cooper Investors PTY Ltd. purchased a new position in Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 45,054 shares of the restaurant operator's stock, valued at approximately $7,507,000. Texas Roadhouse makes up approximately 1.2% of Cooper Investors PTY Ltd.'s holdings, making the stock its 28th largest holding. Cooper Investors PTY Ltd. owned approximately 0.07% of Texas Roadhouse at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Coppell Advisory Solutions LLC boosted its stake in Texas Roadhouse by 56.8% in the fourth quarter. Coppell Advisory Solutions LLC now owns 196 shares of the restaurant operator's stock worth $35,000 after buying an additional 71 shares in the last quarter. SBI Securities Co. Ltd. purchased a new stake in Texas Roadhouse in the fourth quarter worth approximately $36,000. MassMutual Private Wealth & Trust FSB boosted its stake in shares of Texas Roadhouse by 41.9% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 379 shares of the restaurant operator's stock valued at $63,000 after purchasing an additional 112 shares in the last quarter. Versant Capital Management Inc boosted its stake in shares of Texas Roadhouse by 153.9% in the 1st quarter. Versant Capital Management Inc now owns 457 shares of the restaurant operator's stock valued at $76,000 after purchasing an additional 277 shares in the last quarter. Finally, Inlight Wealth Management LLC purchased a new stake in shares of Texas Roadhouse in the 1st quarter valued at $89,000. Hedge funds and other institutional investors own 94.82% of the company's stock.

Insiders Place Their Bets

In related news, Director Gregory N. Moore sold 1,000 shares of the firm's stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $187.62, for a total transaction of $187,620.00. Following the completion of 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Donna E. Epps sold 800 shares of the firm's stock in a transaction that occurred on Friday, May 23rd. The shares were sold at an average price of $186.52, for a total value of $149,216.00. Following the transaction, the director now directly owns 4,632 shares of the company's stock, valued at approximately $863,960.64. This trade represents a 14.73% decrease in their position. The disclosure for this sale can be found here. 0.50% of the stock is owned by corporate insiders.

Texas Roadhouse Price Performance

TXRH stock traded up $0.20 during trading on Tuesday, reaching $188.79. The company had a trading volume of 954,720 shares, compared to its average volume of 933,809. Texas Roadhouse, Inc. has a 52 week low of $148.73 and a 52 week high of $206.04. The company has a market cap of $12.52 billion, a P/E ratio of 29.13, a PEG ratio of 2.52 and a beta of 0.90. The business has a 50 day moving average of $182.66 and a 200 day moving average of $178.58.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last announced its earnings results on Thursday, May 8th. The restaurant operator reported $1.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.75 by ($0.05). Texas Roadhouse had a return on equity of 32.33% and a net margin of 7.89%. The firm had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.44 billion. During the same period in the prior year, the company posted $1.69 EPS. The firm's revenue was up 11.8% on a year-over-year basis. Research analysts expect that Texas Roadhouse, Inc. will post 7.23 earnings per share for the current year.

Texas Roadhouse Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders 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 dividend on an annualized basis and a yield of 1.44%. Texas Roadhouse's dividend payout ratio (DPR) is 41.98%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on TXRH shares. Wedbush upped their price target 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. Guggenheim cut their price target on shares of Texas Roadhouse from $205.00 to $200.00 and set a "buy" rating for the company in a research report on Thursday, February 27th. JPMorgan Chase & Co. dropped their target price on Texas Roadhouse from $185.00 to $184.00 and set a "neutral" rating for the company in a report on Thursday, March 20th. Robert W. Baird set a $180.00 target price on Texas Roadhouse and gave the company an "outperform" rating in a report on Monday, April 7th. Finally, Citigroup lowered Texas Roadhouse from a "buy" rating to a "neutral" rating and dropped their price objective for the company from $213.00 to $164.00 in a research note on Wednesday, April 23rd. Ten equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $191.71.

Texas Roadhouse 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.