Oak Thistle LLC Takes $382,000 Position in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Oak Thistle LLC bought a new position in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) during the 4th quarter, HoldingsChannel reports. The firm bought 2,118 shares of the restaurant operator’s stock, valued at approximately $382,000.

Other hedge funds also recently added to or reduced their stakes in the company. Hollencrest Capital Management purchased a new stake in shares of Texas Roadhouse during the second quarter worth about $25,000. True Wealth Design LLC acquired a new stake in Texas Roadhouse in the 3rd quarter worth approximately $30,000. PSI Advisors LLC grew its position in Texas Roadhouse by 70.8% during the 3rd quarter. PSI Advisors LLC now owns 181 shares of the restaurant operator’s stock worth $32,000 after purchasing an additional 75 shares during the last quarter. UMB Bank n.a. increased its stake in Texas Roadhouse by 118.6% during the 3rd quarter. UMB Bank n.a. now owns 258 shares of the restaurant operator’s stock valued at $46,000 after purchasing an additional 140 shares in the last quarter. Finally, Canada Pension Plan Investment Board purchased a new position in shares of Texas Roadhouse in the second quarter worth $52,000. 94.82% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Texas Roadhouse

In other news, CTO Hernan E. Mujica sold 1,500 shares of the business’s stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $202.26, for a total value of $303,390.00. Following the sale, the chief technology officer now directly owns 16,342 shares of the company’s stock, valued at approximately $3,305,332.92. The trade was a 8.41 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Donna E. Epps sold 610 shares of the stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $195.66, for a total transaction of $119,352.60. Following the transaction, the director now directly owns 3,532 shares of the company’s stock, valued at $691,071.12. The trade was a 14.73 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 3,480 shares of company stock valued at $668,603 over the last 90 days. 0.50% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on TXRH shares. Bank of America upped their target price on Texas Roadhouse from $206.00 to $234.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. Morgan Stanley increased their price objective on Texas Roadhouse from $200.00 to $205.00 and gave the company an “equal weight” rating in a report on Friday, October 25th. Gordon Haskett cut Texas Roadhouse from a “buy” rating to a “hold” rating and set a $192.00 price objective for the company. in a research note on Wednesday, January 8th. Evercore ISI upped their target price on Texas Roadhouse from $195.00 to $200.00 and gave the company an “outperform” rating in a research report on Tuesday, October 15th. Finally, Wedbush reissued an “outperform” rating and set a $200.00 price target on shares of Texas Roadhouse in a research report on Thursday, December 19th. Fourteen investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $190.91.

Texas Roadhouse Price Performance

Texas Roadhouse stock opened at $178.32 on Friday. The firm has a 50 day simple moving average of $189.44 and a 200-day simple moving average of $178.69. The stock has a market cap of $11.90 billion, a price-to-earnings ratio of 30.64, a price-to-earnings-growth ratio of 1.34 and a beta of 1.01. Texas Roadhouse, Inc. has a 1-year low of $117.13 and a 1-year high of $206.04.

Texas Roadhouse (NASDAQ:TXRH) last issued its quarterly earnings data on Thursday, October 24th. The restaurant operator reported $1.26 earnings per share for the quarter, missing the consensus estimate of $1.32 by ($0.06). Texas Roadhouse had a return on equity of 31.33% and a net margin of 7.65%. The business had revenue of $1.27 billion during the quarter, compared to analysts’ expectations of $1.27 billion. During the same quarter in the previous year, the company posted $0.95 earnings per share. The company’s revenue was up 13.5% on a year-over-year basis. Equities analysts expect that Texas Roadhouse, Inc. will post 6.4 earnings per share for the current fiscal year.

Texas Roadhouse Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 10th were issued a $0.61 dividend. The ex-dividend date was Tuesday, December 10th. This represents a $2.44 annualized dividend and a yield of 1.37%. Texas Roadhouse’s dividend payout ratio (DPR) is currently 41.92%.

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.