Oak Thistle LLC Takes Position in Texas Roadhouse, Inc. $TXRH

Oak Thistle LLC purchased a new stake in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) in the fourth quarter, according to its most recent 13F filing with the SEC. The fund purchased 9,358 shares of the restaurant operator’s stock, valued at approximately $1,553,000.

A number of other hedge funds have also recently made changes to their positions in TXRH. Alliancebernstein L.P. grew its position in shares of Texas Roadhouse by 528.2% during the 2nd quarter. Alliancebernstein L.P. now owns 3,172,738 shares of the restaurant operator’s stock valued at $594,603,000 after purchasing an additional 2,667,716 shares in the last quarter. Capital World Investors grew its position in shares of Texas Roadhouse by 580.2% during the 3rd quarter. Capital World Investors now owns 2,236,885 shares of the restaurant operator’s stock valued at $371,658,000 after purchasing an additional 1,908,033 shares in the last quarter. AQR Capital Management LLC grew its position in shares of Texas Roadhouse by 85.7% during the 2nd quarter. AQR Capital Management LLC now owns 2,343,000 shares of the restaurant operator’s stock valued at $439,102,000 after purchasing an additional 1,081,413 shares in the last quarter. Balyasny Asset Management L.P. purchased a new position in shares of Texas Roadhouse during the 3rd quarter valued at $157,310,000. Finally, Victory Capital Management Inc. grew its position in Texas Roadhouse by 770.6% in the third quarter. Victory Capital Management Inc. now owns 972,251 shares of the restaurant operator’s stock worth $161,540,000 after acquiring an additional 860,571 shares in the last quarter. 94.82% of the stock is currently owned by hedge funds and other institutional investors.

Texas Roadhouse Stock Performance

Shares of NASDAQ:TXRH opened at $166.78 on Thursday. Texas Roadhouse, Inc. has a 52-week low of $150.84 and a 52-week high of $199.99. The firm has a fifty day moving average of $175.32 and a 200 day moving average of $173.32. The firm has a market capitalization of $11.00 billion, a PE ratio of 27.39, a price-to-earnings-growth ratio of 1.77 and a beta of 0.88.

Texas Roadhouse (NASDAQ:TXRH) last posted its quarterly earnings results on Thursday, February 19th. The restaurant operator reported $1.28 earnings per share for the quarter, missing the consensus estimate of $1.53 by ($0.25). The business had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.50 billion. Texas Roadhouse had a return on equity of 27.88% and a net margin of 6.90%.The business’s revenue for the quarter was up 3.1% on a year-over-year basis. During the same period in the prior year, the firm earned $1.73 earnings per share. On average, sell-side analysts forecast that Texas Roadhouse, Inc. will post 7.23 EPS for the current fiscal year.

Texas Roadhouse Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 17th were paid a $0.75 dividend. This is a boost from Texas Roadhouse’s previous quarterly dividend of $0.68. This represents a $3.00 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend was Tuesday, March 17th. Texas Roadhouse’s payout ratio is presently 49.26%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Morgan Stanley cut their target price on shares of Texas Roadhouse from $208.00 to $202.00 and set an “overweight” rating for the company in a research report on Monday, February 23rd. Weiss Ratings reiterated a “buy (b-)” rating on shares of Texas Roadhouse in a research report on Monday, December 29th. Benchmark reiterated a “hold” rating on shares of Texas Roadhouse in a research report on Monday, February 23rd. Barclays set a $188.00 target price on shares of Texas Roadhouse in a research report on Friday, February 20th. Finally, KeyCorp reiterated a “sector weight” rating on shares of Texas Roadhouse in a research report on Friday, February 20th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and thirteen have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $196.70.

Insiders Place Their Bets

In other Texas Roadhouse news, Director Gregory N. Moore sold 1,700 shares of the business’s stock in a transaction on Friday, March 6th. The shares were sold at an average price of $171.59, for a total value of $291,703.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Donna E. Epps sold 850 shares of the business’s stock in a transaction on Friday, March 6th. The stock was sold at an average price of $172.45, for a total transaction of $146,582.50. Following the completion of the sale, the director directly owned 4,892 shares of the company’s stock, valued at $843,625.40. This represents a 14.80% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 22,988 shares of company stock valued at $4,133,794 over the last three months. 0.50% of the stock is currently owned by company insiders.

Texas Roadhouse Company Profile

Texas Roadhouse, Inc is a casual dining restaurant chain specializing in hand‐cut steaks, fall‐off‐the‐bone ribs, chicken, seafood and house specialties. Each restaurant features a Western‐themed décor, open kitchens and a signature line dance presentation of fresh, made‐from‐scratch sides and breads. The company emphasizes an energetic dining experience, focusing on hospitality, value and a family‐friendly environment.

The concept was created in 1993 by founder Kent Taylor, who sought to combine high‐quality steaks with an approachable, community‐oriented atmosphere.