Polymer Capital Management US LLC Takes Position in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Polymer Capital Management US LLC bought a new position in Texas Roadhouse, Inc. (NASDAQ:TXRH) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 1,199 shares of the restaurant operator’s stock, valued at approximately $216,000.

Other large investors have also recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Texas Roadhouse in the fourth quarter worth $30,000. SBI Securities Co. Ltd. acquired a new position in Texas Roadhouse during the 4th quarter worth $36,000. MassMutual Private Wealth & Trust FSB boosted its holdings in Texas Roadhouse by 32.2% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 267 shares of the restaurant operator’s stock valued at $48,000 after acquiring an additional 65 shares during the period. VisionPoint Advisory Group LLC acquired a new stake in shares of Texas Roadhouse in the fourth quarter valued at about $64,000. Finally, Asset Planning Inc bought a new position in shares of Texas Roadhouse in the fourth quarter worth about $74,000. Institutional investors own 94.82% of the company’s stock.

Insider Buying and Selling

In other news, Director Gregory N. Moore sold 2,700 shares of the company’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $168.26, for a total transaction of $454,302.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Christopher C. Colson sold 1,370 shares of the firm’s stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $179.46, for a total value of $245,860.20. Following the completion of the transaction, the insider now owns 10,000 shares in the company, valued at approximately $1,794,600. This represents a 12.05 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 17,905 shares of company stock worth $3,198,367 in the last 90 days. Corporate insiders own 0.50% of the company’s stock.

Texas Roadhouse Stock Down 1.1 %

NASDAQ:TXRH opened at $153.22 on Wednesday. The firm has a market cap of $10.18 billion, a PE ratio of 23.68, a price-to-earnings-growth ratio of 1.23 and a beta of 0.88. Texas Roadhouse, Inc. has a 12 month low of $146.75 and a 12 month high of $206.04. The company’s 50-day moving average price is $173.42 and its two-hundred day moving average price is $181.46.

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

Texas Roadhouse Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Tuesday, March 18th were issued a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.78%. This is a boost from Texas Roadhouse’s previous quarterly dividend of $0.61. The ex-dividend date was Tuesday, March 18th. Texas Roadhouse’s payout ratio is currently 42.04%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Truist Financial lowered their target price on Texas Roadhouse from $209.00 to $205.00 and set a “buy” rating on the stock in a report on Friday, February 21st. Morgan Stanley raised shares of Texas Roadhouse from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $205.00 to $213.00 in a research report on Tuesday, January 21st. Wedbush increased their price target on shares of Texas Roadhouse from $200.00 to $210.00 and gave the company an “outperform” rating in a report on Friday, March 28th. Gordon Haskett lowered shares of 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. Finally, Royal Bank of Canada cut their price objective on shares of Texas Roadhouse from $200.00 to $180.00 and set a “sector perform” rating for the company in a research report on Friday, February 21st. Eleven investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $192.23.

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.