Virtu Financial LLC Takes Position in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Virtu Financial LLC acquired a new position in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 1,692 shares of the restaurant operator’s stock, valued at approximately $207,000.

Other hedge funds have also recently made changes to their positions in the company. Envestnet Portfolio Solutions Inc. purchased a new position in Texas Roadhouse in the 3rd quarter valued at approximately $639,000. Envestnet Asset Management Inc. raised its stake in Texas Roadhouse by 47.8% during the 3rd quarter. Envestnet Asset Management Inc. now owns 146,941 shares of the restaurant operator’s stock worth $14,121,000 after acquiring an additional 47,502 shares in the last quarter. Invesco Ltd. raised its stake in Texas Roadhouse by 40.7% during the 3rd quarter. Invesco Ltd. now owns 1,281,296 shares of the restaurant operator’s stock worth $123,133,000 after acquiring an additional 370,627 shares in the last quarter. Dark Forest Capital Management LP increased its stake in Texas Roadhouse by 446.7% in the third quarter. Dark Forest Capital Management LP now owns 10,300 shares of the restaurant operator’s stock valued at $990,000 after purchasing an additional 8,416 shares during the period. Finally, Federated Hermes Inc. increased its stake in Texas Roadhouse by 42.2% in the third quarter. Federated Hermes Inc. now owns 278,401 shares of the restaurant operator’s stock valued at $26,754,000 after purchasing an additional 82,620 shares during the period. Hedge funds and other institutional investors own 94.82% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have commented on TXRH shares. Barclays lifted their price objective on shares of Texas Roadhouse from $138.00 to $160.00 and gave the company an “equal weight” rating in a research note on Friday, May 3rd. Jefferies Financial Group boosted their price objective on shares of Texas Roadhouse from $120.00 to $136.00 and gave the stock a “hold” rating in a report on Tuesday, April 16th. BTIG Research lifted their target price on shares of Texas Roadhouse from $155.00 to $175.00 and gave the stock a “buy” rating in a research report on Friday, May 3rd. Wedbush lifted their target price on shares of Texas Roadhouse from $170.00 to $180.00 and gave the stock an “outperform” rating in a research report on Friday, May 3rd. Finally, Royal Bank of Canada lifted their target price on shares of Texas Roadhouse from $165.00 to $175.00 and gave the stock a “sector perform” rating in a research report on Friday, June 7th. Thirteen research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $157.77.

Texas Roadhouse Stock Up 0.6 %

TXRH opened at $170.41 on Friday. The company has a market cap of $11.38 billion, a P/E ratio of 34.50, a P/E/G ratio of 1.65 and a beta of 1.00. The company has a 50 day moving average of $164.90 and a two-hundred day moving average of $145.32. Texas Roadhouse, Inc. has a 52-week low of $91.06 and a 52-week high of $174.05.

Texas Roadhouse (NASDAQ:TXRH) last announced its earnings results on Thursday, May 2nd. The restaurant operator reported $1.69 earnings per share for the quarter, beating the consensus estimate of $1.65 by $0.04. The business had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.32 billion. Texas Roadhouse had a net margin of 6.94% and a return on equity of 28.85%. The business’s quarterly revenue was up 12.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.28 earnings per share. Research analysts anticipate that Texas Roadhouse, Inc. will post 6.02 earnings per share for the current year.

Texas Roadhouse Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 25th. Shareholders of record on Wednesday, June 12th will be paid a dividend of $0.61 per share. The ex-dividend date of this dividend is Wednesday, June 12th. This represents a $2.44 dividend on an annualized basis and a yield of 1.43%. Texas Roadhouse’s dividend payout ratio (DPR) is 49.39%.

Insider Buying and Selling at Texas Roadhouse

In other Texas Roadhouse news, Director Curtis Warfield sold 1,025 shares of the stock in a transaction 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 sale, the director now directly owns 12,372 shares of the company’s stock, valued at $2,051,525.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Texas Roadhouse news, CEO Gerald L. Morgan sold 15,000 shares of the stock in a transaction on Tuesday, May 28th. The shares were sold at an average price of $171.70, for a total transaction of $2,575,500.00. Following the sale, the chief executive officer now directly 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 can be accessed through the SEC website. Also, Director Curtis Warfield sold 1,025 shares of the 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 approximately $2,051,525.04. The disclosure for this sale can be found here. Insiders have sold 19,025 shares of company stock worth $3,251,266 in the last ninety days. 0.50% of the stock is owned by insiders.

Texas Roadhouse 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.