Woodline Partners LP Buys 6,266 Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH)

by · The Markets Daily

Woodline Partners LP increased its stake in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH – Free Report) by 8.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 79,612 shares of the restaurant operator’s stock after acquiring an additional 6,266 shares during the quarter. Woodline Partners LP owned approximately 0.12% of Texas Roadhouse worth $14,364,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of TXRH. Barclays PLC boosted its stake in Texas Roadhouse by 14.4% during the third quarter. Barclays PLC now owns 1,180,842 shares of the restaurant operator’s stock worth $208,539,000 after acquiring an additional 148,462 shares in the last quarter. Merit Financial Group LLC bought a new position in Texas Roadhouse during the fourth quarter worth $382,000. UMB Bank n.a. boosted its stake in Texas Roadhouse by 67.8% during the fourth quarter. UMB Bank n.a. now owns 433 shares of the restaurant operator’s stock worth $78,000 after acquiring an additional 175 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted its stake in Texas Roadhouse by 32.2% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 267 shares of the restaurant operator’s stock worth $48,000 after acquiring an additional 65 shares in the last quarter. Finally, Fort Washington Investment Advisors Inc. OH lifted its stake in shares of Texas Roadhouse by 13.0% in the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 106,023 shares of the restaurant operator’s stock valued at $19,130,000 after buying an additional 12,160 shares in the last quarter. 94.82% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, Director Curtis Warfield sold 4,190 shares of the firm’s stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $178.80, for a total transaction of $749,172.00. Following the completion of the sale, the director now owns 10,082 shares in the company, valued at approximately $1,802,661.60. This trade represents a 29.36% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Gregory N. Moore sold 1,000 shares of the firm’s stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $187.62, for a total transaction of $187,620.00. Following the sale, the director now owns 38,050 shares of the company’s stock, valued at $7,138,941. This trade represents a 2.56% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 17,535 shares of company stock worth $3,140,127. Insiders own 0.50% of the company’s stock.

Texas Roadhouse Price Performance

Shares of TXRH stock opened at $187.10 on Thursday. The firm has a 50-day moving average of $170.42 and a 200-day moving average of $179.55. The company has a market cap of $12.41 billion, a P/E ratio of 28.92, a P/E/G ratio of 1.23 and a beta of 0.87. Texas Roadhouse, Inc. has a one year low of $148.73 and a one year high of $206.04.

Texas Roadhouse (NASDAQ:TXRH – Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The restaurant operator reported $1.70 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.75 by ($0.05). Texas Roadhouse had a return on equity of 34.02% and a net margin of 8.07%. The company had revenue of $1.45 billion for the quarter, compared to analysts’ expectations of $1.44 billion. During the same quarter last year, the business posted $1.69 EPS. The business’s quarterly revenue was up 11.8% on a year-over-year basis. As a group, research analysts expect that Texas Roadhouse, Inc. will post 7.23 earnings per share for the current fiscal year.

Texas Roadhouse Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Tuesday, June 3rd will be issued a dividend of $0.68 per share. The ex-dividend date is Tuesday, June 3rd. This represents a $2.72 dividend on an annualized basis and a yield of 1.45%. Texas Roadhouse’s dividend payout ratio (DPR) is presently 41.98%.

Analyst Upgrades and Downgrades

TXRH has been the topic of a number of recent research reports. UBS Group dropped their price objective on shares of Texas Roadhouse from $210.00 to $200.00 and set a “buy” rating on the stock in a research note on Monday, May 5th. Robert W. Baird set a $180.00 price objective on shares of Texas Roadhouse and gave the company an “outperform” rating in a research note on Monday, April 7th. Wells Fargo & Company dropped their price objective on shares of Texas Roadhouse from $175.00 to $170.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 22nd. Stifel Nicolaus dropped their price objective on shares of Texas Roadhouse from $172.00 to $170.00 and set a “hold” rating on the stock in a research note on Tuesday, April 15th. Finally, Guggenheim dropped their price objective on shares of Texas Roadhouse from $205.00 to $200.00 and set a “buy” rating on the stock in a research note on Thursday, February 27th. Ten equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $191.62.

Read Our Latest Report on TXRH

Texas Roadhouse Profile

(Free Report)

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.

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