Running Oak Capital LLC Buys 7,628 Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH)

Running Oak Capital LLC grew its stake in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 9.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 89,385 shares of the restaurant operator's stock after acquiring an additional 7,628 shares during the period. Running Oak Capital LLC owned 0.13% of Texas Roadhouse worth $14,933,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in TXRH. Inlight Wealth Management LLC purchased a new stake in Texas Roadhouse during the 1st quarter worth about $89,000. Blue Trust Inc. increased its position in shares of Texas Roadhouse by 3.6% during the first quarter. Blue Trust Inc. now owns 2,309 shares of the restaurant operator's stock valued at $385,000 after buying an additional 80 shares during the period. Johnson Investment Counsel Inc. lifted its holdings in shares of Texas Roadhouse by 2.0% in the first quarter. Johnson Investment Counsel Inc. now owns 13,335 shares of the restaurant operator's stock worth $2,222,000 after buying an additional 260 shares in the last quarter. Davidson Capital Management Inc. boosted its position in shares of Texas Roadhouse by 34,151.0% in the first quarter. Davidson Capital Management Inc. now owns 16,783 shares of the restaurant operator's stock valued at $2,797,000 after acquiring an additional 16,734 shares during the period. Finally, State of Alaska Department of Revenue grew its stake in Texas Roadhouse by 2.7% during the first quarter. State of Alaska Department of Revenue now owns 7,812 shares of the restaurant operator's stock valued at $1,301,000 after acquiring an additional 205 shares in the last quarter. 94.82% of the stock is owned by institutional investors.

Analysts Set New Price Targets

TXRH has been the topic of several recent analyst reports. Stifel Nicolaus lowered their target price 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 increased their price objective on Texas Roadhouse from $200.00 to $210.00 and gave the stock an "outperform" rating in a research report on Friday, March 28th. Wells Fargo & Company dropped their price objective on Texas Roadhouse from $175.00 to $170.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 22nd. JPMorgan Chase & Co. decreased their target price on Texas Roadhouse from $185.00 to $184.00 and set a "neutral" rating on the stock in a research note on Thursday, March 20th. Finally, Citigroup cut Texas Roadhouse from a "buy" rating to a "neutral" rating and lowered their price target for the company from $213.00 to $164.00 in a report on Wednesday, April 23rd. Ten analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $191.71.

Insider Buying and Selling at Texas Roadhouse

In other news, Director Donna E. Epps sold 800 shares of the stock in a transaction dated Friday, May 23rd. The shares were sold at an average price of $186.52, for a total transaction of $149,216.00. Following the completion of the sale, the director now directly owns 4,632 shares in the company, valued at approximately $863,960.64. This represents a 14.73% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Gregory N. Moore sold 1,000 shares of the firm's stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $187.62, for a total value of $187,620.00. Following the completion of the sale, the director now directly owns 38,050 shares in the company, valued at $7,138,941. The trade was 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.

Texas Roadhouse Stock Performance

NASDAQ:TXRH traded down $4.78 during trading hours on Wednesday, reaching $184.01. The company's stock had a trading volume of 1,085,906 shares, compared to its average volume of 936,040. The firm has a market capitalization of $12.21 billion, a price-to-earnings ratio of 28.40, a PEG ratio of 2.53 and a beta of 0.90. The firm has a 50-day simple moving average of $182.66 and a 200-day simple moving average of $178.58. Texas Roadhouse, Inc. has a 1 year low of $148.73 and a 1 year high of $206.04.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last issued 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 quarter in the prior year, the business posted $1.69 EPS. The firm's revenue for the quarter was up 11.8% on a year-over-year basis. Equities analysts anticipate that Texas Roadhouse, Inc. will post 7.23 earnings per share for the current fiscal year.

Texas Roadhouse Dividend Announcement

The company also recently declared 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 dividend on an annualized basis and a yield of 1.48%. The ex-dividend date is Tuesday, June 3rd. Texas Roadhouse's dividend payout ratio (DPR) is presently 41.98%.

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.