Texas Roadhouse, Inc. (NASDAQ:TXRH) Stock Position Raised by Versor Investments LP

Versor Investments LP boosted its position in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 2.2% during the 4th quarter, HoldingsChannel reports. The firm owned 13,920 shares of the restaurant operator’s stock after buying an additional 299 shares during the quarter. Texas Roadhouse accounts for 0.4% of Versor Investments LP’s investment portfolio, making the stock its 24th biggest holding. Versor Investments LP’s holdings in Texas Roadhouse were worth $2,512,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in TXRH. Oppenheimer Asset Management Inc. boosted its position in shares of Texas Roadhouse by 0.8% in the fourth quarter. Oppenheimer Asset Management Inc. now owns 14,584 shares of the restaurant operator’s stock worth $2,631,000 after buying an additional 115 shares during the period. Birinyi Associates Inc. lifted its stake in Texas Roadhouse by 16.9% in the 4th quarter. Birinyi Associates Inc. now owns 22,886 shares of the restaurant operator’s stock worth $4,129,000 after acquiring an additional 3,315 shares in the last quarter. Illinois Municipal Retirement Fund boosted its position in Texas Roadhouse by 20.3% during the 4th quarter. Illinois Municipal Retirement Fund now owns 12,755 shares of the restaurant operator’s stock worth $2,301,000 after acquiring an additional 2,149 shares during the period. Los Angeles Capital Management LLC purchased a new position in Texas Roadhouse during the 4th quarter valued at about $2,393,000. Finally, Amalgamated Bank increased its holdings in shares of Texas Roadhouse by 0.5% in the 4th quarter. Amalgamated Bank now owns 33,569 shares of the restaurant operator’s stock valued at $6,057,000 after purchasing an additional 159 shares during the period. 94.82% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently commented on TXRH shares. The Goldman Sachs Group began coverage on shares of Texas Roadhouse in a report on Thursday, December 5th. They set a “neutral” rating and a $213.00 price target for the company. Stifel Nicolaus decreased their target price on shares of Texas Roadhouse from $185.00 to $172.00 and set a “hold” rating for the company in a research note on Friday, February 21st. Royal Bank of Canada dropped their price target on shares of Texas Roadhouse from $200.00 to $180.00 and set a “sector perform” rating on the stock in a research note on Friday, February 21st. Gordon Haskett cut Texas Roadhouse from a “buy” rating to a “hold” rating and set a $192.00 price objective for the company. in a research report on Wednesday, January 8th. Finally, Stephens dropped their target price on Texas Roadhouse from $186.00 to $180.00 and set an “equal weight” rating on the stock in a research report on Friday, February 21st. Eleven equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $192.50.

Insider Transactions at Texas Roadhouse

In other Texas Roadhouse news, Director Gregory N. Moore sold 2,700 shares of the firm’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $168.26, for a total value of $454,302.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Christopher C. Colson sold 1,370 shares of Texas Roadhouse stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $179.46, for a total value of $245,860.20. Following the sale, the insider now directly owns 10,000 shares in the company, valued at $1,794,600. The trade was a 12.05 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 6,120 shares of company stock worth $1,050,015. Insiders own 0.50% of the company’s stock.

Texas Roadhouse Price Performance

TXRH stock opened at $175.71 on Thursday. The stock has a market capitalization of $11.72 billion, a price-to-earnings ratio of 27.16, a price-to-earnings-growth ratio of 1.23 and a beta of 1.02. The company has a 50-day moving average of $178.61 and a two-hundred day moving average of $180.32. Texas Roadhouse, Inc. has a 52-week low of $146.75 and a 52-week high of $206.04.

Texas Roadhouse (NASDAQ:TXRH) last posted its quarterly earnings data on Thursday, February 20th. The restaurant operator reported $1.73 earnings per share for the quarter, topping the consensus estimate of $1.66 by $0.07. The business had revenue of $1.44 billion during 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%. Equities analysts expect that Texas Roadhouse, Inc. will post 7.23 EPS for the current fiscal year.

Texas Roadhouse Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 18th will be given a $0.68 dividend. This represents a $2.72 annualized dividend and a dividend yield of 1.55%. This is a boost from Texas Roadhouse’s previous quarterly dividend of $0.61. The ex-dividend date of this dividend is Tuesday, March 18th. Texas Roadhouse’s dividend payout ratio is currently 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.