Gotham Asset Management LLC Acquires 3,223 Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH)

Gotham Asset Management LLC increased its holdings in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 36.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 12,181 shares of the restaurant operator's stock after purchasing an additional 3,223 shares during the period. Gotham Asset Management LLC's holdings in Texas Roadhouse were worth $2,198,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Barclays PLC lifted its stake in shares of Texas Roadhouse by 14.4% in the third quarter. Barclays PLC now owns 1,180,842 shares of the restaurant operator's stock valued at $208,539,000 after buying an additional 148,462 shares in the last quarter. Miracle Mile Advisors LLC acquired a new stake in shares of Texas Roadhouse in the 4th quarter worth about $366,000. Oak Thistle LLC bought a new position in Texas Roadhouse in the 4th quarter valued at about $382,000. Assenagon Asset Management S.A. bought a new position in Texas Roadhouse in the 4th quarter valued at about $12,939,000. Finally, Park Avenue Securities LLC boosted its stake in Texas Roadhouse by 31.1% during the 4th quarter. Park Avenue Securities LLC now owns 5,247 shares of the restaurant operator's stock valued at $947,000 after purchasing an additional 1,246 shares during the last quarter. Institutional investors and hedge funds own 94.82% of the company's stock.

Texas Roadhouse Price Performance

TXRH stock traded up $0.61 during mid-day trading on Monday, reaching $193.53. 1,596,185 shares of the company traded hands, compared to its average volume of 907,867. Texas Roadhouse, Inc. has a 52-week low of $148.73 and a 52-week high of $206.04. The company has a market capitalization of $12.86 billion, a P/E ratio of 29.91, a P/E/G ratio of 1.23 and a beta of 0.87. The company has a fifty day moving average price of $169.29 and a 200-day moving average price of $179.37.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last posted 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 business had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.44 billion. Texas Roadhouse had a net margin of 8.07% and a return on equity of 34.02%. Texas Roadhouse's quarterly revenue was up 11.8% on a year-over-year basis. During the same period in the prior year, the business posted $1.69 EPS. As a group, analysts forecast that Texas Roadhouse, Inc. will post 7.23 EPS for the current year.

Texas Roadhouse Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Tuesday, June 3rd will be issued a dividend of $0.68 per share. 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 41.98%.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Citigroup lowered Texas Roadhouse from a "buy" rating to a "neutral" rating and dropped their target price for the company from $213.00 to $164.00 in a report on Wednesday, April 23rd. Robert W. Baird set a $180.00 price objective on shares of Texas Roadhouse and gave the stock an "outperform" rating in a report on Monday, April 7th. Stephens lowered their target price 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. Wells Fargo & Company cut their price target on shares of Texas Roadhouse from $175.00 to $170.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 22nd. Finally, Barclays decreased their price objective on shares of 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. Ten analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $191.62.

Insider Buying and Selling

In other news, insider Christopher C. Colson sold 580 shares of the firm's stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $181.94, for a total transaction of $105,525.20. Following the transaction, the insider now directly owns 12,000 shares of the company's stock, valued at approximately $2,183,280. This trade represents a 4.61% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, President Regina A. Tobin sold 3,154 shares of the business's stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $185.64, for a total value of $585,508.56. Following the completion of the sale, the president now directly owns 18,414 shares of the company's stock, valued at approximately $3,418,374.96. This trade represents a 14.62% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 17,535 shares of company stock worth $3,140,127. Insiders own 0.50% of the company's stock.

Texas Roadhouse 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.