Texas Roadhouse, Inc. (NASDAQ:TXRH) Shares Purchased by Versor Investments LP

Versor Investments LP grew its stake in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 2.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,920 shares of the restaurant operator’s stock after acquiring an additional 299 shares during the period. Texas Roadhouse comprises approximately 0.4% of Versor Investments LP’s holdings, making the stock its 24th biggest position. Versor Investments LP’s holdings in Texas Roadhouse were worth $2,512,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently modified their holdings of the company. Hantz Financial Services Inc. grew its stake in Texas Roadhouse by 8,594.4% in the third quarter. Hantz Financial Services Inc. now owns 3,130 shares of the restaurant operator’s stock worth $553,000 after purchasing an additional 3,094 shares in the last quarter. Massachusetts Financial Services Co. MA acquired a new position in shares of Texas Roadhouse in the 3rd quarter worth approximately $17,853,000. Victory Capital Management Inc. increased its holdings in shares of Texas Roadhouse by 194.9% in the 3rd quarter. Victory Capital Management Inc. now owns 67,733 shares of the restaurant operator’s stock valued at $11,962,000 after acquiring an additional 44,768 shares during the last quarter. First Hawaiian Bank acquired a new stake in shares of Texas Roadhouse during the 4th quarter valued at approximately $1,554,000. Finally, Thrivent Financial for Lutherans lifted its stake in Texas Roadhouse by 0.9% during the third quarter. Thrivent Financial for Lutherans now owns 483,045 shares of the restaurant operator’s stock worth $85,306,000 after purchasing an additional 4,391 shares during the last quarter. Institutional investors own 94.82% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on TXRH shares. Gordon Haskett lowered shares of Texas Roadhouse from a “buy” rating to a “hold” rating and set a $192.00 target price for the company. in a research note on Wednesday, January 8th. The Goldman Sachs Group assumed coverage on shares of Texas Roadhouse in a research report on Thursday, December 5th. They set a “neutral” rating and a $213.00 price objective for the company. Stifel Nicolaus cut their target price on shares of Texas Roadhouse from $185.00 to $172.00 and set a “hold” rating on the stock in a report on Friday, February 21st. Citigroup upped their target price on Texas Roadhouse from $212.00 to $213.00 and gave the company a “buy” rating in a report on Friday, February 21st. Finally, Royal Bank of Canada dropped their price target on Texas Roadhouse from $200.00 to $180.00 and set a “sector perform” rating on the stock in a research report on Friday, February 21st. Eleven analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, Texas Roadhouse has a consensus rating of “Moderate Buy” and a consensus price target of $192.50.

Insider Transactions at Texas Roadhouse

In other Texas Roadhouse news, CTO Hernan E. Mujica sold 2,050 shares of Texas Roadhouse stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $170.66, for a total value of $349,853.00. Following the transaction, the chief technology officer now 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 transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Christopher C. Colson sold 1,370 shares of the company’s stock in a transaction on 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 directly owns 10,000 shares in the company, valued at $1,794,600. This represents a 12.05 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 6,120 shares of company stock valued at $1,050,015 in the last quarter. Insiders own 0.50% of the company’s stock.

Texas Roadhouse Price Performance

Shares of NASDAQ:TXRH opened at $175.71 on Thursday. The stock has a market cap of $11.72 billion, a price-to-earnings ratio of 27.16, a PEG ratio of 1.23 and a beta of 1.02. Texas Roadhouse, Inc. has a 12 month low of $146.75 and a 12 month high of $206.04. The stock’s 50 day moving average price is $178.61 and its 200 day moving average price is $180.32.

Texas Roadhouse (NASDAQ:TXRH) last posted its quarterly earnings data on Thursday, February 20th. The restaurant operator reported $1.73 EPS for the quarter, topping analysts’ consensus estimates of $1.66 by $0.07. Texas Roadhouse had a return on equity of 34.02% and a net margin of 8.07%. The company had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.41 billion. On average, sell-side analysts expect that Texas Roadhouse, Inc. will post 7.23 EPS for the current 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 dividend of $0.68 per share. This is a positive change from Texas Roadhouse’s previous quarterly dividend of $0.61. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $2.72 annualized dividend and a dividend yield of 1.55%. Texas Roadhouse’s dividend payout ratio (DPR) is 42.04%.

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.