Woodline Partners LP Purchases 6,266 Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH)

Woodline Partners LP lifted its holdings in Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 8.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 79,612 shares of the restaurant operator's stock after acquiring an additional 6,266 shares during the quarter. Woodline Partners LP owned 0.12% of Texas Roadhouse worth $14,364,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in TXRH. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Texas Roadhouse in the 4th quarter worth approximately $30,000. Coppell Advisory Solutions LLC lifted its holdings in shares of Texas Roadhouse by 56.8% in the 4th quarter. Coppell Advisory Solutions LLC now owns 196 shares of the restaurant operator's stock worth $35,000 after acquiring an additional 71 shares during the last quarter. SBI Securities Co. Ltd. bought a new stake in shares of Texas Roadhouse in the 4th quarter worth approximately $36,000. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of Texas Roadhouse by 32.2% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 267 shares of the restaurant operator's stock worth $48,000 after acquiring an additional 65 shares during the last quarter. Finally, VisionPoint Advisory Group LLC bought a new stake in shares of Texas Roadhouse in the 4th quarter worth approximately $64,000. 94.82% of the stock is currently owned by institutional investors.

Texas Roadhouse Trading Up 0.7%

NASDAQ TXRH traded up $1.26 during trading on Friday, hitting $189.99. The company had a trading volume of 662,543 shares, compared to its average volume of 910,786. Texas Roadhouse, Inc. has a one year low of $148.73 and a one year high of $206.04. The company has a market cap of $12.60 billion, a price-to-earnings ratio of 29.36, a price-to-earnings-growth ratio of 1.23 and a beta of 0.87. The company's fifty day moving average is $171.21 and its 200-day moving average is $179.58.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The restaurant operator reported $1.70 EPS for the quarter, missing the consensus estimate of $1.75 by ($0.05). Texas Roadhouse had a net margin of 8.07% and a return on equity of 34.02%. The firm had revenue of $1.45 billion for the quarter, compared to analysts' expectations of $1.44 billion. During the same period last year, the company posted $1.69 earnings per share. The business's revenue for the quarter was up 11.8% compared to the same quarter last year. As a group, equities analysts anticipate that Texas Roadhouse, Inc. will post 7.23 EPS for the current 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 paid a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a yield of 1.43%. The ex-dividend date of this dividend is Tuesday, June 3rd. Texas Roadhouse's dividend payout ratio is currently 41.98%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. Wells Fargo & Company lowered their price objective on shares of Texas Roadhouse from $175.00 to $170.00 and set an "equal weight" rating for the company in a report on Tuesday, April 22nd. Stephens lowered their price target on shares of Texas Roadhouse from $186.00 to $180.00 and set an "equal weight" rating for the company in a report on Friday, February 21st. Wedbush upped their price target on shares of Texas Roadhouse from $200.00 to $210.00 and gave the company an "outperform" rating in a report on Friday, March 28th. Barclays lowered their price target on shares of Texas Roadhouse from $179.00 to $175.00 and set an "equal weight" rating for the company in a report on Friday, May 9th. Finally, Citigroup lowered shares of 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 investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $191.62.

Insider Buying and Selling at Texas Roadhouse

In other Texas Roadhouse news, Director Gregory N. Moore sold 2,700 shares of the company's stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $168.26, for a total transaction of $454,302.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Gregory N. Moore sold 1,000 shares of the company'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 transaction, the director now owns 38,050 shares in the company, valued at $7,138,941. This represents a 2.56% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 18,335 shares of company stock worth $3,289,343. 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.