Dynamic Technology Lab Private Ltd Boosts Holdings in Texas Roadhouse, Inc. $TXRH

Key Points

• Dynamic Technology Lab Private Ltd increased its stake in Texas Roadhouse by 61.8%, now holding 19,040 shares valued at approximately $3.17 million.
• Several large investors, including Axiom Investors LLC and Congress Asset Management Co., significantly boosted their positions in Texas Roadhouse during the same period, with Axiom increasing their stake by 3,696.7%.
• Texas Roadhouse announced a quarterly dividend of $0.68 per share, which will be paid on September 30th, representing an annual dividend yield of 1.6%.

Dynamic Technology Lab Private Ltd lifted its position in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 61.8% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 19,040 shares of the restaurant operator's stock after buying an additional 7,269 shares during the quarter. Texas Roadhouse makes up 0.5% of Dynamic Technology Lab Private Ltd's holdings, making the stock its 12th largest holding. Dynamic Technology Lab Private Ltd's holdings in Texas Roadhouse were worth $3,173,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Mercer Global Advisors Inc. ADV purchased a new stake in Texas Roadhouse in the 4th quarter worth $453,000. BNP Paribas Financial Markets lifted its stake in Texas Roadhouse by 77.6% in the 4th quarter. BNP Paribas Financial Markets now owns 90,914 shares of the restaurant operator's stock worth $16,404,000 after purchasing an additional 39,733 shares in the last quarter. Benjamin Edwards Inc. purchased a new stake in Texas Roadhouse in the 4th quarter worth $210,000. Captrust Financial Advisors lifted its stake in Texas Roadhouse by 1.2% in the 4th quarter. Captrust Financial Advisors now owns 15,917 shares of the restaurant operator's stock worth $2,872,000 after purchasing an additional 190 shares in the last quarter. Finally, Cetera Investment Advisers lifted its stake in Texas Roadhouse by 60.4% in the 4th quarter. Cetera Investment Advisers now owns 6,159 shares of the restaurant operator's stock worth $1,111,000 after purchasing an additional 2,319 shares in the last quarter. Hedge funds and other institutional investors own 94.82% of the company's stock.

Insider Activity

In other news, President Regina A. Tobin sold 3,153 shares of Texas Roadhouse stock in a transaction on Monday, August 18th. The stock was sold at an average price of $173.53, for a total value of $547,140.09. Following the transaction, the president directly owned 15,261 shares in the company, valued at approximately $2,648,241.33. This trade represents a 17.12% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CTO Hernan E. Mujica sold 2,189 shares of Texas Roadhouse stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $172.40, for a total value of $377,383.60. Following the completion of the transaction, the chief technology officer owned 17,553 shares in the company, valued at $3,026,137.20. This represents a 11.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 8,342 shares of company stock worth $1,443,704. 0.50% of the stock is currently owned by company insiders.

Texas Roadhouse Stock Up 0.4%

NASDAQ:TXRH traded up $0.64 during mid-day trading on Tuesday, hitting $168.12. 1,284,464 shares of the stock traded hands, compared to its average volume of 1,025,557. The stock has a market capitalization of $11.17 billion, a price-to-earnings ratio of 25.67, a PEG ratio of 2.29 and a beta of 0.84. Texas Roadhouse, Inc. has a 52 week low of $148.73 and a 52 week high of $206.04. The firm's 50 day moving average is $179.95 and its two-hundred day moving average is $178.68.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The restaurant operator reported $1.86 EPS for the quarter, missing the consensus estimate of $1.95 by ($0.09). The firm had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.50 billion. Texas Roadhouse had a net margin of 7.72% and a return on equity of 31.52%. The business's revenue for the quarter was up 12.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.79 earnings per share. As a group, research analysts predict that Texas Roadhouse, Inc. will post 7.23 EPS for the current year.

Texas Roadhouse Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 2nd will be issued a $0.68 dividend. The ex-dividend date is Tuesday, September 2nd. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.6%. Texas Roadhouse's dividend payout ratio (DPR) is currently 41.53%.

Analyst Ratings Changes

TXRH has been the topic of several research analyst reports. Morgan Stanley boosted their price target on shares of Texas Roadhouse from $200.00 to $205.00 and gave the stock an "overweight" rating in a research note on Monday, July 14th. UBS Group boosted their price target on shares of Texas Roadhouse from $200.00 to $220.00 and gave the stock a "buy" rating in a research note on Friday, June 6th. Citigroup boosted their target price on shares of Texas Roadhouse from $180.00 to $197.00 and gave the stock a "neutral" rating in a report on Tuesday, July 29th. Melius initiated coverage on shares of Texas Roadhouse in a report on Monday, July 14th. They issued a "buy" rating and a $235.00 price target for the company. Finally, Barclays lifted their price target on Texas Roadhouse from $175.00 to $189.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 17th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and eleven have assigned a Hold rating to the company's stock. According to data from MarketBeat, Texas Roadhouse presently has a consensus rating of "Moderate Buy" and an average target price of $197.35.

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.