Susquehanna Fundamental Investments LLC Acquires Shares of 8,566 Texas Roadhouse, Inc. (NASDAQ:TXRH)

Susquehanna Fundamental Investments LLC purchased a new position in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 8,566 shares of the restaurant operator's stock, valued at approximately $1,546,000.

Several other large investors also recently modified their holdings of the stock. Barclays PLC lifted its position in shares of Texas Roadhouse by 14.4% during the 3rd 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 during the last quarter. Wilmington Savings Fund Society FSB bought a new stake in Texas Roadhouse in the 3rd quarter valued at about $1,282,000. Synovus Financial Corp lifted its holdings in Texas Roadhouse by 4.8% during the third quarter. Synovus Financial Corp now owns 6,711 shares of the restaurant operator's stock valued at $1,185,000 after purchasing an additional 305 shares during the last quarter. Franklin Resources Inc. boosted its position in Texas Roadhouse by 76.0% during the third quarter. Franklin Resources Inc. now owns 893,925 shares of the restaurant operator's stock worth $157,375,000 after purchasing an additional 385,998 shares during the period. Finally, B. Riley Wealth Advisors Inc. purchased a new position in shares of Texas Roadhouse in the third quarter worth about $245,000. Hedge funds and other institutional investors own 94.82% of the company's stock.

Insider Buying and Selling at Texas Roadhouse

In other news, President Regina A. Tobin sold 3,154 shares of the firm's stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $185.64, for a total value of $585,508.56. Following the completion of the transaction, the president now owns 18,414 shares in the company, valued at $3,418,374.96. This trade represents a 14.62 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CTO Hernan E. Mujica sold 2,050 shares of the company's stock in a transaction on Monday, February 24th. The stock was sold at an average price of $170.66, for a total value of $349,853.00. Following the completion of the sale, the chief technology officer now directly owns 17,162 shares in the company, valued at approximately $2,928,866.92. The trade was a 10.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 16,535 shares of company stock valued at $2,952,507. 0.50% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts recently commented on TXRH shares. Barclays upped their price target on shares of Texas Roadhouse from $178.00 to $179.00 and gave the company an "equal weight" rating in a research note on Tuesday, April 22nd. JPMorgan Chase & Co. cut their price target on Texas Roadhouse from $185.00 to $184.00 and set a "neutral" rating for the company in a report on Thursday, March 20th. Stephens reduced their price target on Texas Roadhouse from $186.00 to $180.00 and set an "equal weight" rating for the company in a research report on Friday, February 21st. Guggenheim dropped 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. Finally, Wells Fargo & Company reduced their target price on Texas Roadhouse from $175.00 to $170.00 and set an "equal weight" rating for the company in a report on Tuesday, April 22nd. Ten investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $192.29.

Texas Roadhouse Stock Performance

NASDAQ:TXRH traded up $5.05 during midday trading on Friday, reaching $171.79. 1,024,393 shares of the stock traded hands, compared to its average volume of 878,772. The stock has a market capitalization of $11.42 billion, a P/E ratio of 26.55, a PEG ratio of 1.23 and a beta of 0.88. The company has a fifty day moving average of $168.98 and a 200 day moving average of $179.69. Texas Roadhouse, Inc. has a 12 month low of $148.73 and a 12 month high of $206.04.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last posted its earnings results on Thursday, February 20th. The restaurant operator reported $1.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.66 by $0.07. The company had revenue of $1.44 billion for the quarter, compared to analysts' expectations of $1.41 billion. Texas Roadhouse had a return on equity of 34.02% and a net margin of 8.07%. On average, analysts predict that Texas Roadhouse, Inc. will post 7.23 EPS for the current fiscal year.

Texas Roadhouse Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 18th were given a dividend of $0.68 per share. This is an increase from Texas Roadhouse's previous quarterly dividend of $0.61. This represents a $2.72 dividend on an annualized basis and a yield of 1.58%. The ex-dividend date was Tuesday, March 18th. Texas Roadhouse's payout ratio is presently 42.04%.

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.