Woodline Partners LP Has $13.55 Million Stock Holdings in Texas Roadhouse, Inc. $TXRH

Key Points

• Woodline Partners LP increased its stake in Texas Roadhouse by 2.2%, holding 81,328 shares worth approximately $13.55 million.
• Texas Roadhouse reported earnings of $1.86 per share for the last quarter, missing estimates by $0.09, although revenue was up 12.7% year-over-year.
• The company announced a quarterly dividend of $0.68, reflecting an annualized dividend yield of 1.6% and a payout ratio of 41.53%.

Woodline Partners LP boosted its holdings in Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 2.2% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 81,328 shares of the restaurant operator's stock after purchasing an additional 1,716 shares during the quarter. Woodline Partners LP owned 0.12% of Texas Roadhouse worth $13,552,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Golden State Wealth Management LLC grew its holdings in shares of Texas Roadhouse by 157.3% during the 1st quarter. Golden State Wealth Management LLC now owns 4,658 shares of the restaurant operator's stock valued at $776,000 after purchasing an additional 2,848 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in Texas Roadhouse by 253.5% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 38,086 shares of the restaurant operator's stock worth $6,346,000 after acquiring an additional 27,312 shares in the last quarter. Brighton Jones LLC bought a new position in Texas Roadhouse during the first quarter worth $499,000. Night Squared LP bought a new position in Texas Roadhouse during the first quarter worth $6,461,000. Finally, Running Oak Capital LLC raised its holdings in Texas Roadhouse by 9.3% during the first quarter. Running Oak Capital LLC now owns 89,385 shares of the restaurant operator's stock worth $14,933,000 after buying an additional 7,628 shares during the last quarter. Institutional investors and hedge funds own 94.82% of the company's stock.

Analyst Ratings Changes

A number of research firms recently weighed in on TXRH. Guggenheim raised their price target on shares of Texas Roadhouse from $200.00 to $210.00 and gave the company a "buy" rating in a research report on Friday, July 11th. Evercore ISI downgraded shares of Texas Roadhouse from an "outperform" rating to an "in-line" rating and set a $190.00 target price for the company. in a research note on Thursday, September 4th. Melius began coverage on shares of Texas Roadhouse in a research report on Monday, July 14th. They issued a "buy" rating and a $235.00 price objective for the company. The Goldman Sachs Group raised their price objective on shares of Texas Roadhouse from $184.00 to $205.00 and gave the company a "neutral" rating in a research report on Wednesday, June 4th. Finally, Stifel Nicolaus lifted their target price on shares of Texas Roadhouse from $180.00 to $188.00 and gave the company a "hold" rating in a research report on Friday, July 25th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and eleven have given a Hold rating to the company's stock. According to data from MarketBeat, Texas Roadhouse presently has an average rating of "Moderate Buy" and an average price target of $197.35.

Insider Activity at Texas Roadhouse

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

Texas Roadhouse Stock Performance

Shares of TXRH stock opened at $166.08 on Thursday. Texas Roadhouse, Inc. has a one year low of $148.73 and a one year high of $206.04. The company's 50-day moving average is $179.45 and its 200 day moving average is $178.60. The company has a market capitalization of $11.04 billion, a price-to-earnings ratio of 25.36, a price-to-earnings-growth ratio of 2.30 and a beta of 0.84.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last posted its earnings results 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 for the quarter, compared to the consensus estimate of $1.50 billion. Texas Roadhouse had a net margin of 7.72% and a return on equity of 31.52%. Texas Roadhouse's revenue was up 12.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.79 EPS. As a group, research analysts predict that Texas Roadhouse, Inc. will post 7.23 earnings per share for the current fiscal year.

Texas Roadhouse Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Tuesday, September 2nd will be issued a $0.68 dividend. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.6%. Texas Roadhouse's dividend payout ratio (DPR) is 41.53%.

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.

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