Olympiad Research LP Buys Shares of 1,772 Texas Roadhouse, Inc. (NASDAQ:TXRH)

Olympiad Research LP bought a new stake in Texas Roadhouse, Inc. (NASDAQ:TXRH) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 1,772 shares of the restaurant operator’s stock, valued at approximately $320,000.

Other hedge funds have also recently made changes to their positions in the company. Hantz Financial Services Inc. raised its stake in shares of Texas Roadhouse by 8,594.4% in the third quarter. Hantz Financial Services Inc. now owns 3,130 shares of the restaurant operator’s stock valued at $553,000 after buying an additional 3,094 shares during the period. Massachusetts Financial Services Co. MA bought a new stake in shares of Texas Roadhouse in the third quarter valued at $17,853,000. Victory Capital Management Inc. raised its stake in shares of Texas Roadhouse by 194.9% in the third quarter. Victory Capital Management Inc. now owns 67,733 shares of the restaurant operator’s stock valued at $11,962,000 after buying an additional 44,768 shares during the period. First Hawaiian Bank bought a new stake in shares of Texas Roadhouse in the fourth quarter valued at $1,554,000. Finally, Thrivent Financial for Lutherans raised its stake in shares of Texas Roadhouse by 0.9% in the third quarter. Thrivent Financial for Lutherans now owns 483,045 shares of the restaurant operator’s stock valued at $85,306,000 after buying an additional 4,391 shares during the period. 94.82% of the stock is currently owned by institutional investors.

Texas Roadhouse Trading Down 1.4 %

Shares of Texas Roadhouse stock opened at $169.13 on Friday. The firm has a market capitalization of $11.28 billion, a PE ratio of 26.14, a price-to-earnings-growth ratio of 1.23 and a beta of 1.02. The business’s 50-day moving average price is $179.22 and its 200-day moving average price is $180.17. Texas Roadhouse, Inc. has a 12 month low of $146.51 and a 12 month high of $206.04.

Texas Roadhouse (NASDAQ:TXRH) last announced its quarterly earnings data on Thursday, February 20th. The restaurant operator reported $1.73 EPS for the quarter, beating the consensus estimate of $1.66 by $0.07. The firm had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.41 billion. Texas Roadhouse had a return on equity of 34.02% and a net margin of 8.07%. As a group, analysts predict that Texas Roadhouse, Inc. will post 7.23 earnings per share for the current fiscal year.

Texas Roadhouse Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Tuesday, March 18th will be given a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a yield of 1.61%. This is a positive change from Texas Roadhouse’s previous quarterly dividend of $0.61. The ex-dividend date is Tuesday, March 18th. Texas Roadhouse’s dividend payout ratio (DPR) is presently 42.04%.

Insider Buying and Selling

In related news, insider Christopher C. Colson sold 1,370 shares of the firm’s stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $179.46, for a total transaction of $245,860.20. Following the transaction, the insider now directly owns 10,000 shares in the company, valued at $1,794,600. This trade represents a 12.05 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.50% of the stock is owned by corporate insiders.

Analyst Ratings Changes

TXRH has been the topic of several research reports. Stephens decreased their price objective on Texas Roadhouse from $186.00 to $180.00 and set an “equal weight” rating on the stock in a research note on Friday. Morgan Stanley raised Texas Roadhouse from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $205.00 to $213.00 in a report on Tuesday, January 21st. Stifel Nicolaus dropped their price objective on Texas Roadhouse from $185.00 to $172.00 and set a “hold” rating on the stock in a report on Friday. Loop Capital dropped their price objective on Texas Roadhouse from $215.00 to $209.00 and set a “buy” rating on the stock in a report on Monday, October 28th. Finally, Barclays dropped their price objective on Texas Roadhouse from $194.00 to $178.00 and set an “equal weight” rating on the stock in a report on Friday. Eleven equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $192.50.

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.