Texas Roadhouse, Inc. (NASDAQ:TXRH) Shares Purchased by Park Avenue Securities LLC

Park Avenue Securities LLC increased its holdings in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 31.1% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 5,247 shares of the restaurant operator’s stock after purchasing an additional 1,246 shares during the period. Park Avenue Securities LLC’s holdings in Texas Roadhouse were worth $947,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Hantz Financial Services Inc. increased its stake in Texas Roadhouse by 8,594.4% during the 3rd quarter. Hantz Financial Services Inc. now owns 3,130 shares of the restaurant operator’s stock worth $553,000 after buying an additional 3,094 shares during the period. Massachusetts Financial Services Co. MA purchased a new stake in Texas Roadhouse during the 3rd quarter worth approximately $17,853,000. Victory Capital Management Inc. increased its stake in Texas Roadhouse by 194.9% during the 3rd quarter. Victory Capital Management Inc. now owns 67,733 shares of the restaurant operator’s stock worth $11,962,000 after buying an additional 44,768 shares during the period. Thrivent Financial for Lutherans increased its stake in Texas Roadhouse by 0.9% during the 3rd quarter. Thrivent Financial for Lutherans now owns 483,045 shares of the restaurant operator’s stock worth $85,306,000 after buying an additional 4,391 shares during the period. Finally, First Hawaiian Bank purchased a new stake in Texas Roadhouse during the 4th quarter worth approximately $1,554,000. 94.82% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently weighed in on TXRH shares. Wedbush reaffirmed an “outperform” rating and set a $200.00 target price on shares of Texas Roadhouse in a research note on Thursday, December 19th. Barclays increased their price objective on shares of Texas Roadhouse from $160.00 to $175.00 and gave the company an “equal weight” rating in a research report on Friday, October 25th. BMO Capital Markets increased their price objective on shares of Texas Roadhouse from $155.00 to $162.00 and gave the company a “market perform” rating in a research report on Friday, October 25th. UBS Group increased their price objective on shares of Texas Roadhouse from $200.00 to $210.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Finally, The Goldman Sachs Group assumed coverage on shares of Texas Roadhouse in a research report on Thursday, December 5th. They issued a “neutral” rating and a $213.00 price objective on the stock. Fourteen equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $190.91.

Texas Roadhouse Stock Performance

Shares of Texas Roadhouse stock opened at $178.95 on Tuesday. Texas Roadhouse, Inc. has a 1 year low of $117.98 and a 1 year high of $206.04. The company has a market capitalization of $11.94 billion, a P/E ratio of 30.75, a PEG ratio of 1.34 and a beta of 1.01. The company’s fifty day moving average is $188.75 and its two-hundred day moving average is $179.00.

Texas Roadhouse (NASDAQ:TXRH) last issued its quarterly earnings data on Thursday, October 24th. The restaurant operator reported $1.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.32 by ($0.06). Texas Roadhouse had a return on equity of 31.33% and a net margin of 7.65%. The business had revenue of $1.27 billion for the quarter, compared to analysts’ expectations of $1.27 billion. During the same period in the previous year, the business posted $0.95 earnings per share. The company’s revenue for the quarter was up 13.5% on a year-over-year basis. As a group, equities analysts expect that Texas Roadhouse, Inc. will post 6.4 earnings per share for the current year.

Texas Roadhouse Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 10th were given a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a yield of 1.36%. The ex-dividend date was Tuesday, December 10th. Texas Roadhouse’s payout ratio is currently 41.92%.

Insiders Place Their Bets

In other news, Director Donna E. Epps sold 610 shares of Texas Roadhouse stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $195.66, for a total value of $119,352.60. Following the sale, the director now owns 3,532 shares of the company’s stock, valued at $691,071.12. The trade was a 14.73 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CTO Hernan E. Mujica sold 1,500 shares of Texas Roadhouse stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $202.26, for a total transaction of $303,390.00. Following the completion of the sale, the chief technology officer now directly owns 16,342 shares in the company, valued at approximately $3,305,332.92. The trade was a 8.41 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 3,480 shares of company stock valued at $668,603. Insiders own 0.50% of the company’s stock.

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.