Dynamic Technology Lab Private Ltd Purchases 7,269 Shares of 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 raised its position in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 61.8% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 19,040 shares of the restaurant operator's stock after acquiring an additional 7,269 shares during the quarter. Texas Roadhouse makes up approximately 0.5% of Dynamic Technology Lab Private Ltd's holdings, making the stock its 12th largest position. Dynamic Technology Lab Private Ltd's holdings in Texas Roadhouse were worth $3,173,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in TXRH. Tenzing Global Management LLC purchased a new position in Texas Roadhouse during the 1st quarter valued at about $3,333,000. Scientech Research LLC boosted its stake in Texas Roadhouse by 18.3% during the first quarter. Scientech Research LLC now owns 4,294 shares of the restaurant operator's stock worth $716,000 after acquiring an additional 665 shares in the last quarter. Samlyn Capital LLC bought a new stake in Texas Roadhouse during the first quarter worth about $32,359,000. NewEdge Advisors LLC boosted its stake in Texas Roadhouse by 12.0% during the first quarter. NewEdge Advisors LLC now owns 2,423 shares of the restaurant operator's stock worth $404,000 after acquiring an additional 259 shares in the last quarter. Finally, Hancock Whitney Corp boosted its stake in Texas Roadhouse by 3.4% during the first quarter. Hancock Whitney Corp now owns 11,706 shares of the restaurant operator's stock worth $1,951,000 after acquiring an additional 381 shares in the last quarter. Institutional investors own 94.82% of the company's stock.

Texas Roadhouse Trading Down 0.2%

Shares of TXRH stock traded down $0.36 during trading hours on Friday, reaching $166.81. 261,757 shares of the stock were exchanged, compared to its average volume of 1,107,992. Texas Roadhouse, Inc. has a 12-month low of $148.73 and a 12-month high of $206.04. The company's 50-day moving average price is $179.02 and its 200-day moving average price is $178.56. The firm has a market capitalization of $11.08 billion, a price-to-earnings ratio of 25.46, a price-to-earnings-growth ratio of 2.27 and a beta of 0.84.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The restaurant operator reported $1.86 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.95 by ($0.09). The company had revenue of $1.51 billion during the quarter, compared to analysts' expectations of $1.50 billion. Texas Roadhouse had a net margin of 7.72% and a return on equity of 31.52%. Texas Roadhouse's quarterly revenue was up 12.7% on a year-over-year basis. During the same period last year, the firm earned $1.79 earnings per share. On average, sell-side analysts expect that Texas Roadhouse, Inc. will post 7.23 EPS for the current year.

Texas Roadhouse Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 2nd will be given a $0.68 dividend. This represents a $2.72 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend is Tuesday, September 2nd. Texas Roadhouse's payout ratio is 41.53%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on TXRH shares. Stifel Nicolaus upped their target price on shares of Texas Roadhouse from $180.00 to $188.00 and gave the stock a "hold" rating in a research note on Friday, July 25th. Melius Research upgraded shares of Texas Roadhouse to a "strong-buy" rating in a research note on Monday, July 14th. Evercore ISI downgraded shares of Texas Roadhouse from an "outperform" rating to an "in-line" rating and set a $190.00 target price on the stock. in a research note on Thursday, September 4th. Melius began coverage on shares of Texas Roadhouse in a research note on Monday, July 14th. They issued a "buy" rating and a $235.00 target price on the stock. Finally, Stephens increased their price objective on shares of Texas Roadhouse from $184.00 to $190.00 and gave the company an "equal weight" rating in a research report on Friday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and eleven have assigned a Hold rating to the company. According to data from MarketBeat.com, Texas Roadhouse presently has an average rating of "Moderate Buy" and an average price target of $197.35.

Insider Buying and Selling at Texas Roadhouse

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

About Texas Roadhouse

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.