Machina Capital S.A.S. Buys 1,060 Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH)

Machina Capital S.A.S. grew its stake in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 67.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,632 shares of the restaurant operator’s stock after acquiring an additional 1,060 shares during the period. Machina Capital S.A.S.’s holdings in Texas Roadhouse were worth $475,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. State Street Corp increased its position in Texas Roadhouse by 2.0% during the third quarter. State Street Corp now owns 1,982,848 shares of the restaurant operator’s stock worth $350,171,000 after buying an additional 38,723 shares during the last quarter. Geode Capital Management LLC increased its position in Texas Roadhouse by 1.5% during the third quarter. Geode Capital Management LLC now owns 1,201,641 shares of the restaurant operator’s stock worth $212,261,000 after buying an additional 18,126 shares during the last quarter. Barclays PLC grew its position in shares of Texas Roadhouse by 14.4% in the third quarter. Barclays PLC now owns 1,180,842 shares of the restaurant operator’s stock valued at $208,539,000 after purchasing an additional 148,462 shares during the last quarter. Geneva Capital Management LLC grew its position in shares of Texas Roadhouse by 0.4% in the third quarter. Geneva Capital Management LLC now owns 922,405 shares of the restaurant operator’s stock valued at $162,897,000 after purchasing an additional 3,584 shares during the last quarter. Finally, FMR LLC grew its position in shares of Texas Roadhouse by 81.6% in the third quarter. FMR LLC now owns 898,522 shares of the restaurant operator’s stock valued at $158,679,000 after purchasing an additional 403,720 shares during the last quarter. Institutional investors own 94.82% of the company’s stock.

Wall Street Analysts Forecast Growth

TXRH has been the subject of several recent research reports. Gordon Haskett cut Texas Roadhouse from a “buy” rating to a “hold” rating and set a $192.00 price target for the company. in a research note on Wednesday, January 8th. Stephens cut their price target on Texas Roadhouse from $186.00 to $180.00 and set an “equal weight” rating for the company in a research note on Friday, February 21st. Guggenheim cut their price target on Texas Roadhouse from $205.00 to $200.00 and set a “buy” rating for the company in a research note on Thursday, February 27th. Wedbush cut their price target on Texas Roadhouse from $220.00 to $200.00 and set an “outperform” rating for the company in a research note on Friday, February 21st. Finally, Stifel Nicolaus cut their price target on Texas Roadhouse from $185.00 to $172.00 and set a “hold” rating for the company in a research note on Friday, February 21st. Eleven investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $192.73.

Texas Roadhouse Trading Down 0.1 %

Texas Roadhouse stock opened at $179.03 on Friday. Texas Roadhouse, Inc. has a 1-year low of $146.75 and a 1-year high of $206.04. The firm has a market capitalization of $11.94 billion, a price-to-earnings ratio of 27.67, a P/E/G ratio of 1.23 and a beta of 1.00. The firm has a 50 day simple moving average of $178.57 and a 200 day simple moving average of $180.99.

Texas Roadhouse (NASDAQ:TXRH) last released its quarterly earnings data on Thursday, February 20th. The restaurant operator reported $1.73 earnings per share 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 business had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.41 billion. On average, equities research analysts forecast 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. Investors of record on Tuesday, March 18th will be paid a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a yield of 1.52%. This is a positive change from Texas Roadhouse’s previous quarterly dividend of $0.61. The ex-dividend date is Tuesday, March 18th. Texas Roadhouse’s payout ratio is currently 42.04%.

Insider Activity at Texas Roadhouse

In other news, insider Christopher C. Colson sold 1,370 shares of the business’s stock in a transaction on Friday, January 10th. The shares were sold at an average price of $179.46, for a total transaction 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. The trade was a 12.05 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, President Regina A. Tobin sold 3,154 shares of the business’s stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $185.64, for a total transaction of $585,508.56. Following the transaction, the president now owns 18,414 shares of the company’s stock, valued at $3,418,374.96. This trade represents a 14.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 17,905 shares of company stock worth $3,198,367. Corporate insiders own 0.50% of the company’s stock.

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.