701 Shares in Texas Roadhouse, Inc. (NASDAQ:TXRH) Bought by GAMMA Investing LLC

GAMMA Investing LLC purchased a new position in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 701 shares of the restaurant operator’s stock, valued at approximately $88,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of TXRH. Operose Advisors LLC acquired a new stake in Texas Roadhouse during the 3rd quarter worth $28,000. Fifth Third Bancorp raised its stake in Texas Roadhouse by 35.8% during the 3rd quarter. Fifth Third Bancorp now owns 474 shares of the restaurant operator’s stock worth $46,000 after acquiring an additional 125 shares in the last quarter. TFC Financial Management Inc. raised its stake in Texas Roadhouse by 100.0% during the 4th quarter. TFC Financial Management Inc. now owns 580 shares of the restaurant operator’s stock worth $71,000 after acquiring an additional 290 shares in the last quarter. Headlands Technologies LLC acquired a new stake in Texas Roadhouse during the 3rd quarter worth $96,000. Finally, CWM LLC raised its stake in Texas Roadhouse by 110.8% during the 3rd quarter. CWM LLC now owns 1,617 shares of the restaurant operator’s stock worth $155,000 after acquiring an additional 850 shares in the last quarter. 94.82% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO Gerald L. Morgan sold 5,000 shares of the business’s stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $147.90, for a total transaction of $739,500.00. Following the sale, the chief executive officer now owns 92,847 shares of the company’s stock, valued at $13,732,071.30. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Texas Roadhouse news, President Regina A. Tobin sold 3,064 shares of the company’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $150.07, for a total value of $459,814.48. Following the sale, the president now owns 15,261 shares of the company’s stock, valued at $2,290,218.27. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Gerald L. Morgan sold 5,000 shares of the company’s stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $147.90, for a total transaction of $739,500.00. Following the completion of the sale, the chief executive officer now directly owns 92,847 shares in the company, valued at approximately $13,732,071.30. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 12,382 shares of company stock valued at $1,843,145. Corporate insiders own 0.50% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on TXRH. Truist Financial lifted their price target on shares of Texas Roadhouse from $152.00 to $168.00 and gave the stock a “buy” rating in a research note on Tuesday, April 2nd. Citigroup lifted their price objective on shares of Texas Roadhouse from $162.00 to $178.00 and gave the company a “buy” rating in a research note on Wednesday, April 24th. Morgan Stanley lifted their price objective on shares of Texas Roadhouse from $135.00 to $145.00 and gave the company an “equal weight” rating in a research note on Friday, April 12th. Jefferies Financial Group lifted their price objective on shares of Texas Roadhouse from $120.00 to $136.00 and gave the company a “hold” rating in a research note on Tuesday, April 16th. Finally, BMO Capital Markets lifted their price objective on shares of Texas Roadhouse from $110.00 to $130.00 and gave the company a “market perform” rating in a research note on Friday, February 16th. Eleven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $138.76.

Texas Roadhouse Trading Up 1.1 %

TXRH stock opened at $159.21 on Tuesday. The company has a market cap of $10.64 billion, a P/E ratio of 35.15, a P/E/G ratio of 1.71 and a beta of 0.99. Texas Roadhouse, Inc. has a 52 week low of $91.06 and a 52 week high of $160.52. The company’s 50-day moving average price is $151.53 and its 200 day moving average price is $128.18.

Texas Roadhouse (NASDAQ:TXRH) last released its quarterly earnings data on Thursday, February 15th. The restaurant operator reported $1.08 EPS for the quarter, topping analysts’ consensus estimates of $1.07 by $0.01. The firm had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.16 billion. Texas Roadhouse had a net margin of 6.58% and a return on equity of 27.43%. The firm’s revenue was up 15.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.89 earnings per share. On average, equities research analysts expect that Texas Roadhouse, Inc. will post 5.77 earnings per share for the current year.

Texas Roadhouse Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 26th. Investors of record on Wednesday, March 13th were issued a dividend of $0.61 per share. The ex-dividend date was Tuesday, March 12th. This represents a $2.44 dividend on an annualized basis and a yield of 1.53%. This is an increase from Texas Roadhouse’s previous quarterly dividend of $0.55. Texas Roadhouse’s payout ratio is currently 53.86%.

Texas Roadhouse 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.