Arrowstreet Capital Limited Partnership Purchases 184,250 Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH)

Arrowstreet Capital Limited Partnership raised its position in Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 29.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 819,522 shares of the restaurant operator's stock after buying an additional 184,250 shares during the period. Arrowstreet Capital Limited Partnership owned 1.23% of Texas Roadhouse worth $147,866,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. True Wealth Design LLC bought a new stake in shares of Texas Roadhouse during the third quarter worth $30,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in Texas Roadhouse during the 4th quarter worth about $30,000. SBI Securities Co. Ltd. acquired a new stake in Texas Roadhouse in the 4th quarter valued at about $36,000. MassMutual Private Wealth & Trust FSB raised its stake in shares of Texas Roadhouse by 32.2% in 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 during the last quarter. Finally, VisionPoint Advisory Group LLC acquired a new position in shares of Texas Roadhouse during the fourth quarter worth approximately $64,000. 94.82% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

TXRH has been the subject of a number of research reports. Gordon Haskett lowered shares of Texas Roadhouse from a "buy" rating to a "hold" rating and set a $192.00 price target for the company. in a report on Wednesday, January 8th. The Goldman Sachs Group began coverage on Texas Roadhouse in a research note on Thursday, December 5th. They issued a "neutral" rating and a $213.00 target price for the company. Barclays dropped their target price on Texas Roadhouse from $194.00 to $178.00 and set an "equal weight" rating for the company in a research report on Friday, February 21st. Morgan Stanley upgraded Texas Roadhouse from an "equal weight" rating to an "overweight" rating and raised their price target for the company from $205.00 to $213.00 in a report on Tuesday, January 21st. Finally, Royal Bank of Canada dropped their price objective on Texas Roadhouse from $200.00 to $180.00 and set a "sector perform" rating for the company in a report on Friday, February 21st. Eleven investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $193.36.

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Insider Activity at Texas Roadhouse

In other Texas Roadhouse news, insider Christopher C. Colson sold 1,370 shares of Texas Roadhouse stock in a transaction on Friday, January 10th. The shares were sold at an average price of $179.46, for a total value of $245,860.20. Following the sale, the insider now directly owns 10,000 shares in the company, valued at approximately $1,794,600. The trade was a 12.05 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, President Regina A. Tobin sold 3,154 shares of the business's stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $185.64, for a total transaction of $585,508.56. Following the sale, the president now directly owns 18,414 shares in the company, valued at $3,418,374.96. This trade represents a 14.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 17,905 shares of company stock valued at $3,198,367. 0.50% of the stock is owned by insiders.

Texas Roadhouse Price Performance

TXRH traded down $7.19 during trading on Friday, reaching $159.86. The company had a trading volume of 1,929,890 shares, compared to its average volume of 850,917. The company has a market cap of $10.62 billion, a P/E ratio of 24.71, a PEG ratio of 1.23 and a beta of 1.00. Texas Roadhouse, Inc. has a 12 month low of $146.75 and a 12 month high of $206.04. The business's fifty day moving average price is $175.08 and its 200 day moving average price is $181.66.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The restaurant operator reported $1.73 EPS for the quarter, beating the consensus estimate of $1.66 by $0.07. The business had revenue of $1.44 billion for the quarter, compared to analysts' expectations of $1.41 billion. Texas Roadhouse had a net margin of 8.07% and a return on equity of 34.02%. As a group, sell-side analysts predict that Texas Roadhouse, Inc. will post 7.23 EPS for the current fiscal year.

Texas Roadhouse Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Tuesday, March 18th were issued a dividend of $0.68 per share. The ex-dividend date was Tuesday, March 18th. This is an increase from Texas Roadhouse's previous quarterly dividend of $0.61. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.70%. Texas Roadhouse's dividend payout ratio (DPR) is presently 42.04%.

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.