Bryce Point Capital LLC Takes $472,000 Position in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Bryce Point Capital LLC acquired a new stake in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 2,618 shares of the restaurant operator's stock, valued at approximately $472,000.

A number of other institutional investors also recently made changes to their positions in TXRH. Zions Bancorporation N.A. boosted its stake in Texas Roadhouse by 19.5% during the 4th quarter. Zions Bancorporation N.A. now owns 13,152 shares of the restaurant operator's stock valued at $2,373,000 after purchasing an additional 2,144 shares during the period. KLP Kapitalforvaltning AS purchased a new stake in shares of Texas Roadhouse during the 4th quarter worth about $2,959,000. Chase Investment Counsel Corp acquired a new position in shares of Texas Roadhouse during the 4th quarter worth $316,000. Raymond James Financial Inc. acquired a new position in shares of Texas Roadhouse during the 4th quarter valued at about $55,177,000. Finally, First Hawaiian Bank bought a new position in shares of Texas Roadhouse in the fourth quarter valued at approximately $1,554,000. 94.82% of the stock is owned by institutional investors and hedge funds.

Texas Roadhouse Stock Performance

Shares of NASDAQ TXRH traded down $6.23 during midday trading on Thursday, hitting $159.77. 477,262 shares of the company's stock traded hands, compared to its average volume of 861,167. The firm has a fifty day moving average of $172.79 and a 200 day moving average of $181.29. The stock has a market capitalization of $10.62 billion, a price-to-earnings ratio of 24.73, a price-to-earnings-growth ratio of 1.23 and a beta of 0.88. Texas Roadhouse, Inc. has a 1 year low of $146.75 and a 1 year high of $206.04.

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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, topping the consensus estimate of $1.66 by $0.07. Texas Roadhouse had a return on equity of 34.02% and a net margin of 8.07%. The firm had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.41 billion. On average, equities analysts anticipate that Texas Roadhouse, Inc. will post 7.23 earnings per share for the current year.

Texas Roadhouse Increases Dividend

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

Analyst Ratings Changes

A number of equities analysts recently issued reports on TXRH shares. Stephens dropped their target price on shares of Texas Roadhouse from $186.00 to $180.00 and set an "equal weight" rating on the stock in a research report on Friday, February 21st. Guggenheim lowered their price objective on Texas Roadhouse from $205.00 to $200.00 and set a "buy" rating on the stock in a research note on Thursday, February 27th. Robert W. Baird set a $180.00 target price on shares of Texas Roadhouse and gave the company an "outperform" rating in a research note on Monday. Royal Bank of Canada decreased their price objective on shares of Texas Roadhouse from $200.00 to $180.00 and set a "sector perform" rating on the stock in a research note on Friday, February 21st. Finally, Morgan Stanley upgraded Texas Roadhouse from an "equal weight" rating to an "overweight" rating and increased their price target for the stock from $205.00 to $213.00 in a research report on Tuesday, January 21st. Eleven research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $192.23.

Insiders Place Their Bets

In related news, President Regina A. Tobin sold 3,154 shares of the stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $185.64, for a total value of $585,508.56. Following the completion of the transaction, the president now owns 18,414 shares of the company's stock, valued at approximately $3,418,374.96. This trade represents a 14.62 % decrease in their position. 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 2,050 shares of the business's stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $170.66, for a total value of $349,853.00. Following the transaction, the chief technology officer now directly owns 17,162 shares in the company, valued at approximately $2,928,866.92. This represents a 10.67 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 17,905 shares of company stock worth $3,198,367 in the last three months. 0.50% of the stock is owned by company 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.