Stevens Capital Management LP Takes Position in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Stevens Capital Management LP bought a new position in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) in the 4th quarter, Holdings Channel reports. The fund bought 4,491 shares of the restaurant operator’s stock, valued at approximately $549,000.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Operose Advisors LLC bought a new stake in Texas Roadhouse in the 3rd quarter valued at about $28,000. Fifth Third Bancorp grew its holdings 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 during the last quarter. TFC Financial Management Inc. grew its holdings 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 during the last quarter. GAMMA Investing LLC bought a new stake in Texas Roadhouse during the 4th quarter worth approximately $88,000. Finally, Headlands Technologies LLC bought a new stake in Texas Roadhouse during the 3rd quarter worth approximately $96,000. Institutional investors own 94.82% of the company’s stock.

Texas Roadhouse Trading Up 0.1 %

Shares of TXRH stock traded up $0.11 during trading hours on Thursday, hitting $156.87. 839,331 shares of the company’s stock were exchanged, compared to its average volume of 790,805. The company has a market capitalization of $10.48 billion, a PE ratio of 34.60, a PEG ratio of 1.70 and a beta of 0.99. Texas Roadhouse, Inc. has a 12-month low of $91.06 and a 12-month high of $159.31. The business’s 50 day simple moving average is $150.64 and its 200-day simple moving average is $126.62.

Texas Roadhouse (NASDAQ:TXRH) last released its quarterly earnings results on Thursday, February 15th. The restaurant operator reported $1.08 earnings per share for the quarter, beating the consensus estimate of $1.07 by $0.01. Texas Roadhouse had a net margin of 6.58% and a return on equity of 27.43%. The business had revenue of $1.16 billion for the quarter, compared to analysts’ expectations of $1.16 billion. During the same quarter in the previous year, the business posted $0.89 earnings per share. The firm’s revenue for the quarter was up 15.3% compared to the same quarter last year. Equities analysts anticipate that Texas Roadhouse, Inc. will post 5.77 EPS for the current year.

Texas Roadhouse Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 26th. Shareholders of record on Wednesday, March 13th were paid a dividend of $0.61 per share. The ex-dividend date was Tuesday, March 12th. This is a positive change from Texas Roadhouse’s previous quarterly dividend of $0.55. This represents a $2.44 dividend on an annualized basis and a yield of 1.56%. Texas Roadhouse’s payout ratio is currently 53.86%.

Analysts Set New Price Targets

TXRH has been the topic of a number of research reports. UBS Group boosted their target price on shares of Texas Roadhouse from $145.00 to $155.00 and gave the stock a “buy” rating in a report on Friday, February 16th. Wells Fargo & Company upped their price objective on shares of Texas Roadhouse from $125.00 to $140.00 and gave the company an “equal weight” rating in a research note on Friday, February 16th. Jefferies Financial Group upped 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. Wedbush upped their price objective on shares of Texas Roadhouse from $160.00 to $170.00 and gave the company an “outperform” rating in a research note on Friday, April 5th. Finally, BMO Capital Markets upped 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 research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, Texas Roadhouse presently has a consensus rating of “Hold” and a consensus target price of $138.76.

Insider Activity at Texas Roadhouse

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

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.