Los Angeles Capital Management LLC Grows Stock Holdings in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Los Angeles Capital Management LLC grew its holdings in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 158.3% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 22,510 shares of the restaurant operator’s stock after purchasing an additional 13,795 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Texas Roadhouse were worth $3,477,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. Operose Advisors LLC purchased a new position in Texas Roadhouse during the third quarter worth about $28,000. TFC Financial Management Inc. lifted its holdings in shares of Texas Roadhouse by 100.0% during the 4th quarter. TFC Financial Management Inc. now owns 580 shares of the restaurant operator’s stock worth $71,000 after acquiring an additional 290 shares during the period. Benjamin F. Edwards & Company Inc. acquired a new stake in shares of Texas Roadhouse in the fourth quarter worth approximately $81,000. GAMMA Investing LLC purchased a new stake in Texas Roadhouse in the fourth quarter valued at approximately $88,000. Finally, Quadrant Capital Group LLC increased its position in Texas Roadhouse by 35.1% during the fourth quarter. Quadrant Capital Group LLC now owns 1,205 shares of the restaurant operator’s stock worth $147,000 after purchasing an additional 313 shares during the last quarter. Institutional investors and hedge funds own 94.82% of the company’s stock.

Insider Buying and Selling at Texas Roadhouse

In other news, CEO Gerald L. Morgan sold 15,000 shares of Texas Roadhouse stock in a transaction dated Tuesday, May 28th. The shares were sold at an average price of $171.70, for a total value of $2,575,500.00. Following the completion of the transaction, the chief executive officer now directly owns 77,847 shares of the company’s stock, valued at approximately $13,366,329.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Texas Roadhouse news, CEO Gerald L. Morgan sold 15,000 shares of the firm’s stock in a transaction dated Tuesday, May 28th. The shares were sold at an average price of $171.70, for a total value of $2,575,500.00. Following the transaction, the chief executive officer now owns 77,847 shares of the company’s stock, valued at $13,366,329.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CTO Hernan E. Mujica sold 3,000 shares of the company’s stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $168.60, for a total value of $505,800.00. Following the transaction, the chief technology officer now directly 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 a total of 19,025 shares of company stock worth $3,251,266 over the last 90 days. Insiders own 0.50% of the company’s stock.

Texas Roadhouse Stock Performance

Shares of TXRH stock opened at $169.36 on Friday. The stock has a market capitalization of $11.31 billion, a price-to-earnings ratio of 34.28, a PEG ratio of 1.65 and a beta of 1.00. Texas Roadhouse, Inc. has a one year low of $91.06 and a one year high of $174.05. The company’s 50-day simple moving average is $164.46 and its 200-day simple moving average is $144.70.

Texas Roadhouse (NASDAQ:TXRH) last released its earnings results on Thursday, May 2nd. The restaurant operator reported $1.69 EPS for the quarter, topping analysts’ consensus estimates of $1.65 by $0.04. The company had revenue of $1.32 billion for 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%. Texas Roadhouse’s quarterly revenue was up 12.5% compared to the same quarter last year. During the same quarter last year, the business posted $1.28 EPS. As a group, research analysts forecast that Texas Roadhouse, Inc. will post 6.02 EPS for the current year.

Texas Roadhouse Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 25th. Shareholders of record on Wednesday, June 12th will be issued a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a yield of 1.44%. The ex-dividend date of this dividend is Wednesday, June 12th. Texas Roadhouse’s dividend payout ratio is presently 49.39%.

Analysts Set New Price Targets

Several analysts have recently issued reports on TXRH shares. Benchmark assumed coverage on shares of Texas Roadhouse in a research note on Wednesday, April 10th. They set a “hold” rating for the company. Wells Fargo & Company upped their price target on Texas Roadhouse from $140.00 to $165.00 and gave the stock an “equal weight” rating in a research note on Friday, May 3rd. Morgan Stanley boosted their target price on Texas Roadhouse from $145.00 to $155.00 and gave the stock an “equal weight” rating in a report on Friday, May 3rd. JPMorgan Chase & Co. increased their target price on shares of Texas Roadhouse from $145.00 to $184.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 28th. Finally, BMO Capital Markets lifted their price target on shares of Texas Roadhouse from $130.00 to $145.00 and gave the company a “market perform” rating in a research report on Friday, May 3rd. Thirteen analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average 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.