Texas Roadhouse, Inc. (NASDAQ:TXRH) Stock Position Increased by Running Oak Capital LLC

Running Oak Capital LLC grew its stake in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 16.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 80,344 shares of the restaurant operator’s stock after acquiring an additional 11,219 shares during the quarter. Texas Roadhouse accounts for 1.9% of Running Oak Capital LLC’s portfolio, making the stock its 10th biggest holding. Running Oak Capital LLC’s holdings in Texas Roadhouse were worth $9,820,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of TXRH. Operose Advisors LLC purchased a new stake in Texas Roadhouse during the 3rd quarter valued at about $28,000. Fifth Third Bancorp lifted its position in shares of Texas Roadhouse by 35.8% in the third quarter. Fifth Third Bancorp now owns 474 shares of the restaurant operator’s stock valued at $46,000 after acquiring an additional 125 shares in the last quarter. TFC Financial Management Inc. lifted its holdings in shares of Texas Roadhouse by 100.0% in the fourth quarter. TFC Financial Management Inc. now owns 580 shares of the restaurant operator’s stock worth $71,000 after buying an additional 290 shares in the last quarter. GAMMA Investing LLC bought a new position in shares of Texas Roadhouse during the 4th quarter valued at about $88,000. Finally, Headlands Technologies LLC purchased a new stake in Texas Roadhouse during the third quarter valued at $96,000. 94.82% of the stock is currently owned by institutional investors.

Texas Roadhouse Trading Up 0.5 %

Shares of NASDAQ:TXRH traded up $0.84 on Thursday, hitting $157.90. The company had a trading volume of 1,147,210 shares, compared to its average volume of 811,614. The company has a market cap of $10.55 billion, a PE ratio of 34.67, a PEG ratio of 1.74 and a beta of 1.00. The business has a 50 day moving average of $152.03 and a 200 day moving average of $128.86. Texas Roadhouse, Inc. has a 52-week low of $91.06 and a 52-week high of $161.58.

Texas Roadhouse (NASDAQ:TXRH) last issued its quarterly earnings data on Thursday, February 15th. The restaurant operator reported $1.08 earnings per share for the quarter, beating analysts’ consensus estimates of $1.07 by $0.01. Texas Roadhouse had a return on equity of 27.43% and a net margin of 6.58%. The firm had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.16 billion. During the same quarter last year, the firm earned $0.89 EPS. Texas Roadhouse’s quarterly revenue was up 15.3% on a year-over-year basis. As a group, equities analysts predict that Texas Roadhouse, Inc. will post 5.77 EPS for the current year.

Texas Roadhouse Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 26th. Shareholders of record on Wednesday, March 13th were issued a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a yield of 1.55%. This is a boost from Texas Roadhouse’s previous quarterly dividend of $0.55. The ex-dividend date of this dividend was Tuesday, March 12th. Texas Roadhouse’s dividend payout ratio is 53.86%.

Insider Activity

In other news, CEO Gerald L. Morgan sold 5,000 shares of Texas Roadhouse stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $147.90, for a total value of $739,500.00. Following the sale, the chief executive officer now directly owns 92,847 shares in the company, valued at $13,732,071.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Gerald L. Morgan sold 5,000 shares of Texas Roadhouse stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $147.90, for a total value of $739,500.00. Following the completion of the transaction, the chief executive officer now directly owns 92,847 shares of the company’s stock, valued at approximately $13,732,071.30. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Donna E. Epps sold 670 shares of the firm’s stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $149.97, for a total transaction of $100,479.90. Following the completion of the transaction, the director now directly owns 4,142 shares in the company, valued at approximately $621,175.74. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 12,382 shares of company stock valued at $1,843,145. Insiders own 0.50% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Wedbush lifted their price target on shares of Texas Roadhouse from $160.00 to $170.00 and gave the company an “outperform” rating in a research note on Friday, April 5th. Citigroup upped their price objective on Texas Roadhouse from $162.00 to $178.00 and gave the stock a “buy” rating in a research note on Wednesday, April 24th. JPMorgan Chase & Co. raised their target price on Texas Roadhouse from $142.00 to $145.00 and gave the stock a “neutral” rating in a research note on Tuesday, March 19th. Stephens started coverage on Texas Roadhouse in a report on Friday, April 12th. They issued an “equal weight” rating and a $150.00 price objective on the stock. Finally, UBS Group lifted their target price on Texas Roadhouse from $145.00 to $155.00 and gave the stock a “buy” rating in a report on Friday, February 16th. Eleven analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $138.76.

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.