Hodges Capital Management Inc. Has $6.29 Million Position in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Hodges Capital Management Inc. lessened its holdings in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 33.0% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 40,721 shares of the restaurant operator’s stock after selling 20,041 shares during the period. Hodges Capital Management Inc. owned approximately 0.06% of Texas Roadhouse worth $6,290,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in TXRH. Rise Advisors LLC bought a new position in Texas Roadhouse in the 1st quarter worth approximately $32,000. Operose Advisors LLC bought a new position in Texas Roadhouse during the third quarter worth $28,000. TFC Financial Management Inc. raised its stake in Texas Roadhouse by 100.0% during the 4th quarter. TFC Financial Management Inc. now owns 580 shares of the restaurant operator’s stock valued at $71,000 after purchasing an additional 290 shares during the last quarter. Benjamin F. Edwards & Company Inc. bought a new stake in Texas Roadhouse in the 4th quarter valued at $81,000. Finally, GAMMA Investing LLC acquired a new stake in Texas Roadhouse in the 4th quarter worth $88,000. Institutional investors own 94.82% of the company’s stock.

Insider Transactions at Texas Roadhouse

In related news, Director Curtis Warfield sold 1,025 shares of the stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $165.82, for a total value of $169,965.50. Following the transaction, the director now directly owns 12,372 shares in the company, valued at $2,051,525.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, CTO Hernan E. Mujica sold 3,000 shares of the business’s stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $168.60, for a total transaction of $505,800.00. Following the completion of the transaction, the chief technology officer now directly owns 17,842 shares in the company, valued at approximately $3,008,161.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Curtis Warfield sold 1,025 shares of the stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $165.82, for a total transaction of $169,965.50. Following the completion of the sale, the director now owns 12,372 shares in the company, valued at $2,051,525.04. The disclosure for this sale can be found here. Insiders sold a total of 19,025 shares of company stock worth $3,251,266 in the last quarter. 0.50% of the stock is owned by company insiders.

Texas Roadhouse Trading Down 1.4 %

Shares of Texas Roadhouse stock traded down $2.36 during midday trading on Friday, reaching $171.71. The company had a trading volume of 1,552,252 shares, compared to its average volume of 757,581. The stock has a fifty day simple moving average of $167.10 and a 200 day simple moving average of $147.11. Texas Roadhouse, Inc. has a 1-year low of $91.06 and a 1-year high of $175.72. The company has a market capitalization of $11.47 billion, a price-to-earnings ratio of 34.76, a price-to-earnings-growth ratio of 1.69 and a beta of 1.00.

Texas Roadhouse (NASDAQ:TXRH) last released its earnings results on Thursday, May 2nd. The restaurant operator reported $1.69 earnings per share for the quarter, topping analysts’ consensus estimates of $1.65 by $0.04. The company had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.32 billion. Texas Roadhouse had a return on equity of 28.85% and a net margin of 6.94%. The firm’s quarterly revenue was up 12.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.28 earnings per share. Sell-side analysts expect that Texas Roadhouse, Inc. will post 6.02 earnings per share for the current year.

Texas Roadhouse Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 25th. Stockholders of record on Wednesday, June 12th were paid a $0.61 dividend. This represents a $2.44 annualized dividend and a dividend yield of 1.42%. The ex-dividend date of this dividend was Wednesday, June 12th. Texas Roadhouse’s dividend payout ratio (DPR) is presently 49.39%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Morgan Stanley upped their price objective on shares of Texas Roadhouse from $145.00 to $155.00 and gave the company an “equal weight” rating in a research report on Friday, May 3rd. Benchmark began coverage on Texas Roadhouse in a research report on Wednesday, April 10th. They issued a “hold” rating for the company. Barclays boosted their price objective on Texas Roadhouse from $138.00 to $160.00 and gave the company an “equal weight” rating in a research report on Friday, May 3rd. BTIG Research raised their target price on Texas Roadhouse from $155.00 to $175.00 and gave the stock a “buy” rating in a research report on Friday, May 3rd. Finally, JPMorgan Chase & Co. boosted their price target on shares of Texas Roadhouse from $145.00 to $184.00 and gave the company a “neutral” rating in a report on Tuesday, May 28th. Thirteen investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, Texas Roadhouse presently has an average rating of “Hold” and a consensus price target of $157.77.

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.