Numerai GP LLC Grows Stock Position in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Numerai GP LLC boosted its holdings in Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 335.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 12,895 shares of the restaurant operator's stock after acquiring an additional 9,933 shares during the period. Numerai GP LLC's holdings in Texas Roadhouse were worth $2,327,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the business. Lazard Asset Management LLC increased its position in Texas Roadhouse by 1.5% during the fourth quarter. Lazard Asset Management LLC now owns 8,316 shares of the restaurant operator's stock worth $1,500,000 after buying an additional 119 shares in the last quarter. Janus Henderson Group PLC boosted its stake in shares of Texas Roadhouse by 64.2% during the fourth quarter. Janus Henderson Group PLC now owns 75,469 shares of the restaurant operator's stock valued at $13,614,000 after acquiring an additional 29,500 shares during the last quarter. Jefferies Financial Group Inc. purchased a new stake in Texas Roadhouse during the 4th quarter worth about $371,000. Gotham Asset Management LLC increased its position in Texas Roadhouse by 36.0% during the 4th quarter. Gotham Asset Management LLC now owns 12,181 shares of the restaurant operator's stock worth $2,198,000 after purchasing an additional 3,223 shares in the last quarter. Finally, Graham Capital Management L.P. raised its stake in Texas Roadhouse by 0.8% in the 4th quarter. Graham Capital Management L.P. now owns 43,582 shares of the restaurant operator's stock valued at $7,864,000 after purchasing an additional 330 shares during the last quarter. 94.82% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Texas Roadhouse

In other news, Director Curtis Warfield sold 3,281 shares of the stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $183.67, for a total transaction of $602,621.27. Following the completion of the transaction, the director now directly owns 6,801 shares in the company, valued at approximately $1,249,139.67. This represents a 32.54% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Gregory N. Moore sold 1,000 shares of the firm's stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $187.62, for a total transaction of $187,620.00. Following the sale, the director now directly owns 38,050 shares of the company's stock, valued at $7,138,941. The trade was a 2.56% 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 valued at $3,140,127. Corporate insiders own 0.50% of the company's stock.

Texas Roadhouse Trading Up 0.3%

Shares of NASDAQ TXRH opened at $190.51 on Wednesday. The stock has a fifty day moving average price of $168.55 and a 200 day moving average price of $179.48. Texas Roadhouse, Inc. has a 12-month low of $148.73 and a 12-month high of $206.04. The company has a market cap of $12.66 billion, a P/E ratio of 29.45, a P/E/G ratio of 1.23 and a beta of 0.87.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last posted its earnings results on Thursday, May 8th. The restaurant operator reported $1.70 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 8.07% and a return on equity of 34.02%. Texas Roadhouse's quarterly revenue was up 11.8% compared to the same quarter last year. During the same quarter last year, the business posted $1.69 EPS. On average, sell-side analysts forecast that Texas Roadhouse, Inc. will post 7.23 EPS for the current fiscal year.

Texas Roadhouse Announces Dividend

The company 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 dividend of $0.68 per share. The ex-dividend date of this dividend is Tuesday, June 3rd. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.43%. Texas Roadhouse's dividend payout ratio is currently 41.98%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on TXRH. Barclays decreased their price target on shares of Texas Roadhouse from $179.00 to $175.00 and set an "equal weight" rating on the stock in a research note on Friday, May 9th. 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 research note on Friday, February 21st. Wells Fargo & Company reduced their price target on Texas Roadhouse from $175.00 to $170.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 22nd. Truist Financial decreased their price objective on Texas Roadhouse from $209.00 to $205.00 and set a "buy" rating on the stock in a report on Friday, February 21st. Finally, Citigroup downgraded Texas Roadhouse from a "buy" rating to a "neutral" rating and lowered their price objective for the company from $213.00 to $164.00 in a research report on Wednesday, April 23rd. Ten research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $191.62.

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.

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