Farringdon Capital Ltd. Purchases New Shares in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Farringdon Capital Ltd. bought a new stake in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 1,248 shares of the restaurant operator’s stock, valued at approximately $225,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. KLP Kapitalforvaltning AS purchased a new position in shares of Texas Roadhouse during the 4th quarter valued at approximately $2,959,000. Zions Bancorporation N.A. increased its stake in shares of Texas Roadhouse by 19.5% during the fourth quarter. Zions Bancorporation N.A. now owns 13,152 shares of the restaurant operator’s stock worth $2,373,000 after purchasing an additional 2,144 shares in the last quarter. Bessemer Group Inc. raised its position in shares of Texas Roadhouse by 4.3% during the 4th quarter. Bessemer Group Inc. now owns 176,065 shares of the restaurant operator’s stock worth $31,768,000 after purchasing an additional 7,301 shares during the last quarter. Chase Investment Counsel Corp purchased a new position in Texas Roadhouse in the 4th quarter valued at about $316,000. Finally, Raymond James Financial Inc. acquired a new stake in Texas Roadhouse in the 4th quarter worth about $55,177,000. Hedge funds and other institutional investors own 94.82% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on the company. JPMorgan Chase & Co. reduced their target price on Texas Roadhouse from $185.00 to $184.00 and set a “neutral” rating for the company in a report on Thursday, March 20th. Stifel Nicolaus lowered their target price on shares of Texas Roadhouse from $172.00 to $170.00 and set a “hold” rating on the stock in a research note on Tuesday, April 15th. 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 report on Wednesday, January 8th. Guggenheim decreased their price target on shares of Texas Roadhouse from $205.00 to $200.00 and set a “buy” rating on the stock in a research note on Thursday, February 27th. Finally, Morgan Stanley upgraded shares of Texas Roadhouse from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $205.00 to $213.00 in a report on Tuesday, January 21st. Nine research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $194.81.

Insider Buying and Selling at Texas Roadhouse

In related news, Director Curtis Warfield sold 3,281 shares of the business’s stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $183.67, for a total transaction of $602,621.27. Following the completion of the transaction, the director now owns 6,801 shares in the company, valued at approximately $1,249,139.67. The trade was a 32.54 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, President Regina A. Tobin sold 3,154 shares of the firm’s stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $185.64, for a total value of $585,508.56. Following the completion of the sale, the president now owns 18,414 shares in the company, valued at approximately $3,418,374.96. This represents a 14.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 16,535 shares of company stock valued at $2,952,507 in the last quarter. Corporate insiders own 0.50% of the company’s stock.

Texas Roadhouse Price Performance

Shares of NASDAQ:TXRH opened at $161.89 on Friday. The firm has a market capitalization of $10.76 billion, a PE ratio of 25.02, a price-to-earnings-growth ratio of 1.23 and a beta of 0.88. Texas Roadhouse, Inc. has a 1 year low of $148.73 and a 1 year high of $206.04. The firm’s 50-day moving average is $170.53 and its two-hundred day moving average is $180.55.

Texas Roadhouse (NASDAQ:TXRH) last released its earnings results on Thursday, February 20th. The restaurant operator reported $1.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.66 by $0.07. The company had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.41 billion. Texas Roadhouse had a net margin of 8.07% and a return on equity of 34.02%. Analysts expect that Texas Roadhouse, Inc. will post 7.23 EPS for the current fiscal year.

Texas Roadhouse Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 18th were issued a dividend of $0.68 per share. This is an increase from Texas Roadhouse’s previous quarterly dividend of $0.61. The ex-dividend date of this dividend was Tuesday, March 18th. This represents a $2.72 annualized dividend and a yield of 1.68%. Texas Roadhouse’s dividend payout ratio 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.