GAMMA Investing LLC Raises Holdings in Texas Roadhouse, Inc. (NASDAQ:TXRH)

GAMMA Investing LLC boosted its holdings in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 19,250.9% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 325,095 shares of the restaurant operator's stock after buying an additional 323,415 shares during the period. GAMMA Investing LLC owned approximately 0.49% of Texas Roadhouse worth $54,171,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. Town & Country Bank & Trust CO dba First Bankers Trust CO bought a new stake in Texas Roadhouse during the first quarter valued at $1,753,000. Versant Capital Management Inc boosted its stake in Texas Roadhouse by 153.9% during the first quarter. Versant Capital Management Inc now owns 457 shares of the restaurant operator's stock valued at $76,000 after buying an additional 277 shares during the period. Central Pacific Bank Trust Division lifted its stake in Texas Roadhouse by 16.7% during the first quarter. Central Pacific Bank Trust Division now owns 1,120 shares of the restaurant operator's stock worth $187,000 after purchasing an additional 160 shares during the last quarter. First Hawaiian Bank lifted its stake in Texas Roadhouse by 101.0% during the first quarter. First Hawaiian Bank now owns 17,309 shares of the restaurant operator's stock worth $2,884,000 after purchasing an additional 8,698 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB lifted its stake in Texas Roadhouse by 41.9% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 379 shares of the restaurant operator's stock worth $63,000 after purchasing an additional 112 shares during the last quarter. Institutional investors own 94.82% of the company's stock.

Texas Roadhouse Trading Down 0.4%

Shares of TXRH stock traded down $0.81 during midday trading on Wednesday, reaching $195.11. 569,599 shares of the stock were exchanged, compared to its average volume of 914,506. Texas Roadhouse, Inc. has a 1 year low of $148.73 and a 1 year high of $206.04. The company's 50 day moving average is $174.27 and its two-hundred day moving average is $179.35. The firm has a market cap of $12.94 billion, a PE ratio of 30.16, a price-to-earnings-growth ratio of 1.23 and a beta of 0.87.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last posted its earnings results on Thursday, May 8th. The restaurant operator reported $1.70 earnings per share for the quarter, missing analysts' consensus estimates of $1.75 by ($0.05). Texas Roadhouse had a return on equity of 34.02% and a net margin of 8.07%. The firm had revenue of $1.45 billion for the quarter, compared to analysts' expectations of $1.44 billion. During the same quarter last year, the company posted $1.69 EPS. The firm's revenue was up 11.8% on a year-over-year basis. As a group, equities analysts expect that Texas Roadhouse, Inc. will post 7.23 EPS for the current fiscal year.

Texas Roadhouse Announces Dividend

The business also recently announced 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. This represents a $2.72 annualized dividend and a yield of 1.39%. The ex-dividend date of this dividend is Tuesday, June 3rd. Texas Roadhouse's dividend payout ratio (DPR) is 41.98%.

Insiders Place Their Bets

In related news, Director Donna E. Epps sold 800 shares of the company's stock in a transaction dated 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 owns 4,632 shares in the company, valued at $863,960.64. The trade was a 14.73% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Gregory N. Moore sold 1,000 shares of the firm's stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $187.62, for a total transaction of $187,620.00. Following the sale, the director now owns 38,050 shares of the company's stock, valued at approximately $7,138,941. This represents a 2.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.50% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Barclays dropped their price target on Texas Roadhouse from $179.00 to $175.00 and set an "equal weight" rating for the company in a research note on Friday, May 9th. Truist Financial dropped their price target on Texas Roadhouse from $209.00 to $205.00 and set a "buy" rating for the company in a research note on Friday, February 21st. Wedbush lifted their price target on Texas Roadhouse from $200.00 to $210.00 and gave the stock an "outperform" rating in a research note on Friday, March 28th. Royal Bank of Canada dropped their price target on Texas Roadhouse from $200.00 to $180.00 and set a "sector perform" rating for the company in a research note on Friday, February 21st. Finally, Citigroup lowered Texas Roadhouse from a "buy" rating to a "neutral" rating and dropped their price target for the stock from $213.00 to $164.00 in a research note on Wednesday, April 23rd. Ten investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $191.24.

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.