Texas Roadhouse, Inc. (NASDAQ:TXRH) Shares Bought by Renaissance Group LLC

Renaissance Group LLC raised its stake in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 11.2% during the fourth quarter, HoldingsChannel reports. The firm owned 30,308 shares of the restaurant operator’s stock after purchasing an additional 3,058 shares during the quarter. Renaissance Group LLC’s holdings in Texas Roadhouse were worth $5,468,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of the stock. Mirae Asset Global Investments Co. Ltd. purchased a new position in Texas Roadhouse in the 4th quarter worth $30,000. SBI Securities Co. Ltd. acquired a new position in shares of Texas Roadhouse in the fourth quarter valued at about $36,000. MassMutual Private Wealth & Trust FSB raised its stake in shares of Texas Roadhouse by 32.2% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 267 shares of the restaurant operator’s stock worth $48,000 after purchasing an additional 65 shares during the last quarter. VisionPoint Advisory Group LLC acquired a new stake in shares of Texas Roadhouse during the fourth quarter worth about $64,000. Finally, Asset Planning Inc purchased a new stake in Texas Roadhouse in the fourth quarter valued at approximately $74,000. Institutional investors and hedge funds own 94.82% of the company’s stock.

Insider Buying and Selling

In related news, CTO Hernan E. Mujica sold 2,050 shares of Texas Roadhouse stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $170.66, for a total transaction of $349,853.00. Following the completion of the sale, the chief technology officer now owns 17,162 shares in the company, valued at approximately $2,928,866.92. This trade represents a 10.67 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Christopher C. Colson sold 1,370 shares of Texas Roadhouse stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $179.46, for a total transaction of $245,860.20. Following the sale, the insider now owns 10,000 shares of the company’s stock, valued at approximately $1,794,600. This trade represents a 12.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 17,905 shares of company stock worth $3,198,367 in the last ninety days. Insiders own 0.50% of the company’s stock.

Texas Roadhouse Price Performance

Shares of TXRH stock opened at $154.90 on Tuesday. The business’s fifty day moving average price is $174.55 and its 200 day moving average price is $181.78. The firm has a market capitalization of $10.29 billion, a PE ratio of 23.94, a P/E/G ratio of 1.23 and a beta of 0.88. Texas Roadhouse, Inc. has a 1-year low of $146.75 and a 1-year high of $206.04.

Texas Roadhouse (NASDAQ:TXRH) last posted its quarterly earnings results on Thursday, February 20th. The restaurant operator reported $1.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.66 by $0.07. Texas Roadhouse had a net margin of 8.07% and a return on equity of 34.02%. The company had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.41 billion. Equities research analysts expect that Texas Roadhouse, Inc. will post 7.23 earnings per share for the current fiscal year.

Texas Roadhouse Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 18th were paid a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.76%. This is a boost from Texas Roadhouse’s previous quarterly dividend of $0.61. The ex-dividend date of this dividend was Tuesday, March 18th. Texas Roadhouse’s dividend payout ratio (DPR) is 42.04%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. JPMorgan Chase & Co. reduced their price target on shares of Texas Roadhouse from $185.00 to $184.00 and set a “neutral” rating for the company in a research report on Thursday, March 20th. 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 report on Friday, February 21st. Gordon Haskett downgraded Texas Roadhouse from a “buy” rating to a “hold” rating and set a $192.00 price target on the stock. in a research report on Wednesday, January 8th. Robert W. Baird set a $180.00 price objective on Texas Roadhouse and gave the company an “outperform” rating in a research note on Monday. Finally, Stephens lowered their target price on Texas Roadhouse from $186.00 to $180.00 and set an “equal weight” rating on the stock in a research note on Friday, February 21st. Eleven equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $192.23.

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.