Running Oak Capital LLC lifted 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 filing with the Securities and Exchange Commission (SEC). The fund owned 89,385 shares of the restaurant operator's stock after purchasing an additional 7,628 shares during the period. Running Oak Capital LLC owned 0.13% of Texas Roadhouse worth $14,933,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also made changes to their positions in TXRH. Norges Bank acquired a new position in shares of Texas Roadhouse during the 4th quarter worth approximately $155,239,000. Congress Asset Management Co. boosted its holdings in shares of Texas Roadhouse by 8,956.4% during the 1st quarter. Congress Asset Management Co. now owns 465,679 shares of the restaurant operator's stock worth $77,596,000 after purchasing an additional 460,537 shares during the last quarter. FMR LLC boosted its holdings in shares of Texas Roadhouse by 44.8% during the 4th quarter. FMR LLC now owns 1,300,987 shares of the restaurant operator's stock worth $234,737,000 after purchasing an additional 402,465 shares during the last quarter. T. Rowe Price Investment Management Inc. boosted its holdings in shares of Texas Roadhouse by 255.1% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 520,352 shares of the restaurant operator's stock worth $93,888,000 after purchasing an additional 373,812 shares during the last quarter. Finally, GAMMA Investing LLC boosted its holdings in shares of Texas Roadhouse by 19,250.9% during the 1st quarter. GAMMA Investing LLC now owns 325,095 shares of the restaurant operator's stock worth $54,171,000 after purchasing an additional 323,415 shares during the last quarter. 94.82% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of research analysts recently commented on TXRH shares. Stifel Nicolaus decreased their price objective on Texas Roadhouse from $172.00 to $170.00 and set a "hold" rating on the stock in a report on Tuesday, April 15th. Citigroup cut Texas Roadhouse from a "buy" rating to a "neutral" rating and decreased their price objective for the company from $213.00 to $164.00 in a report on Wednesday, April 23rd. Guggenheim decreased their price objective on Texas Roadhouse from $205.00 to $200.00 and set a "buy" rating on the stock in a report on Thursday, February 27th. Robert W. Baird set a $180.00 price objective on Texas Roadhouse and gave the company an "outperform" rating in a report on Monday, April 7th. Finally, Barclays decreased their price objective on Texas Roadhouse from $179.00 to $175.00 and set an "equal weight" rating on the stock in a report on Friday, May 9th. Ten equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $191.71.
Get Our Latest Analysis on Texas Roadhouse
Texas Roadhouse Stock Up 0.0%
NASDAQ:TXRH opened at $193.02 on Friday. The stock's fifty day moving average is $181.64 and its two-hundred day moving average is $178.69. Texas Roadhouse, Inc. has a 52 week low of $148.73 and a 52 week high of $206.04. The stock has a market capitalization of $12.80 billion, a price-to-earnings ratio of 29.79, a price-to-earnings-growth ratio of 2.58 and a beta of 0.90.
Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last announced its quarterly earnings data 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). The company had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.44 billion. Texas Roadhouse had a net margin of 7.89% and a return on equity of 32.33%. The firm's revenue was up 11.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.69 earnings per share. On average, sell-side analysts expect that Texas Roadhouse, Inc. will post 7.23 EPS for the current fiscal year.
Texas Roadhouse Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Tuesday, June 3rd will be paid a $0.68 dividend. This represents a $2.72 annualized dividend and a dividend yield of 1.41%. The ex-dividend date is Tuesday, June 3rd. Texas Roadhouse's payout ratio is currently 41.98%.
Insider Activity
In related news, Director Gregory N. Moore sold 1,000 shares of the stock in a transaction on Monday, May 12th. The stock was sold at an average price of $187.62, for a total value of $187,620.00. Following the transaction, the director now owns 38,050 shares of the company's stock, valued at $7,138,941. This represents a 2.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Donna E. Epps sold 800 shares of the stock in a transaction 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 completion of the transaction, the director now directly owns 4,632 shares in the company, valued at $863,960.64. This trade represents a 14.73% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.50% of the company's stock.
About Texas Roadhouse
(
Free Report)
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.
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