43,548 Shares in Texas Roadhouse, Inc. (NASDAQ:TXRH) Acquired by Quadrature Capital Ltd

Quadrature Capital Ltd purchased a new position in Texas Roadhouse, Inc. (NASDAQ:TXRH) during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 43,548 shares of the restaurant operator’s stock, valued at approximately $6,725,000. Quadrature Capital Ltd owned 0.07% of Texas Roadhouse at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of TXRH. Bridgefront Capital LLC acquired a new stake in Texas Roadhouse during the 4th quarter valued at $736,000. Ontario Teachers Pension Plan Board acquired a new stake in Texas Roadhouse during the 1st quarter valued at $2,338,000. Bank of Nova Scotia grew its holdings in Texas Roadhouse by 5,135.0% during the 4th quarter. Bank of Nova Scotia now owns 222,538 shares of the restaurant operator’s stock valued at $27,200,000 after buying an additional 218,287 shares during the last quarter. Los Angeles Capital Management LLC grew its holdings in Texas Roadhouse by 158.3% during the 1st quarter. Los Angeles Capital Management LLC now owns 22,510 shares of the restaurant operator’s stock valued at $3,477,000 after buying an additional 13,795 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new stake in Texas Roadhouse during the 1st quarter valued at $4,522,000. Institutional investors and hedge funds own 94.82% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on TXRH. JPMorgan Chase & Co. increased their target price on Texas Roadhouse from $145.00 to $184.00 and gave the company a “neutral” rating in a report on Tuesday, May 28th. Bank of America increased their price target on Texas Roadhouse from $189.00 to $205.00 and gave the stock a “buy” rating in a research note on Wednesday, July 17th. Wedbush increased their price target on Texas Roadhouse from $180.00 to $190.00 and gave the stock an “outperform” rating in a research note on Friday, July 19th. BMO Capital Markets increased their price target on Texas Roadhouse from $145.00 to $155.00 and gave the stock a “market perform” rating in a research note on Friday. Finally, Robert W. Baird increased their price target on Texas Roadhouse from $178.00 to $182.00 and gave the stock an “outperform” rating in a research note on Friday, May 3rd. Thirteen analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $168.23.

Insider Activity

In other news, Director Curtis Warfield sold 1,025 shares of the firm’s stock in a transaction dated Wednesday, May 8th. The stock was 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 directly owns 12,372 shares in the company, valued at $2,051,525.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Curtis Warfield sold 1,025 shares of the firm’s stock in a transaction dated Wednesday, May 8th. The stock was 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 directly owns 12,372 shares in the company, valued at $2,051,525.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CTO Hernan E. Mujica sold 3,000 shares of Texas Roadhouse stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $168.60, for a total value of $505,800.00. Following the completion of the transaction, the chief technology officer now owns 17,842 shares of the company’s stock, valued at $3,008,161.20. The disclosure for this sale can be found here. Insiders sold 19,025 shares of company stock worth $3,251,266 over the last ninety days. Corporate insiders own 0.50% of the company’s stock.

Texas Roadhouse Trading Up 2.0 %

NASDAQ:TXRH traded up $3.36 during mid-day trading on Friday, hitting $169.38. The company had a trading volume of 1,482,375 shares, compared to its average volume of 858,037. The business has a fifty day simple moving average of $169.75 and a 200-day simple moving average of $154.28. Texas Roadhouse, Inc. has a 1 year low of $91.06 and a 1 year high of $175.72. The firm has a market capitalization of $11.31 billion, a price-to-earnings ratio of 34.29, a PEG ratio of 1.59 and a beta of 1.01.

Texas Roadhouse (NASDAQ:TXRH) last released its quarterly earnings data on Thursday, July 25th. The restaurant operator reported $1.79 EPS for the quarter, beating the consensus estimate of $1.66 by $0.13. Texas Roadhouse had a return on equity of 31.68% and a net margin of 7.47%. The company had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.34 billion. During the same period last year, the company posted $1.22 earnings per share. The firm’s revenue was up 14.5% compared to the same quarter last year. As a group, research analysts anticipate that Texas Roadhouse, Inc. will post 6.07 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 dividend of $0.61 per share. The ex-dividend date of this dividend was Wednesday, June 12th. This represents a $2.44 annualized dividend and a dividend yield of 1.44%. Texas Roadhouse’s dividend payout ratio is presently 49.39%.

About Texas Roadhouse

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.