EAM Global Investors LLC Invests $4.20 Million in Texas Roadhouse, Inc. (NASDAQ:TXRH)

EAM Global Investors LLC purchased a new stake in Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm purchased 23,287 shares of the restaurant operator's stock, valued at approximately $4,202,000.

A number of other hedge funds have also recently made changes to their positions in the stock. Norges Bank purchased a new position in Texas Roadhouse in the fourth quarter worth $155,239,000. FMR LLC raised its position in shares of Texas Roadhouse by 44.8% in the 4th quarter. FMR LLC now owns 1,300,987 shares of the restaurant operator's stock valued at $234,737,000 after purchasing an additional 402,465 shares during the last quarter. Franklin Resources Inc. grew its position in Texas Roadhouse by 76.0% during the 3rd quarter. Franklin Resources Inc. now owns 893,925 shares of the restaurant operator's stock worth $157,375,000 after purchasing an additional 385,998 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Texas Roadhouse during the fourth quarter worth $55,177,000. Finally, Arrowstreet Capital Limited Partnership grew its holdings in shares of Texas Roadhouse by 29.0% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 819,522 shares of the restaurant operator's stock valued at $147,866,000 after buying an additional 184,250 shares during the last quarter. 94.82% of the stock is currently owned by hedge funds and other institutional investors.

Texas Roadhouse Stock Down 2.7 %

Shares of Texas Roadhouse stock traded down $4.38 on Monday, hitting $157.51. 180,384 shares of the company were exchanged, compared to its average volume of 871,548. Texas Roadhouse, Inc. has a 1-year low of $148.73 and a 1-year high of $206.04. The company has a 50-day moving average price of $170.53 and a 200 day moving average price of $180.59. The stock has a market capitalization of $10.47 billion, a price-to-earnings ratio of 24.34, a price-to-earnings-growth ratio of 1.23 and a beta of 0.88.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The restaurant operator reported $1.73 earnings per share for the quarter, topping analysts' consensus estimates of $1.66 by $0.07. The firm had revenue of $1.44 billion during 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%. Research analysts forecast that Texas Roadhouse, Inc. will post 7.23 EPS for the current year.

Texas Roadhouse Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 18th were issued a $0.68 dividend. The ex-dividend date was Tuesday, March 18th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.73%. This is an increase from Texas Roadhouse's previous quarterly dividend of $0.61. Texas Roadhouse's dividend payout ratio is presently 42.04%.

Insider Buying and Selling

In other Texas Roadhouse news, Director Curtis Warfield sold 3,281 shares of the business's stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $183.67, for a total transaction of $602,621.27. Following the completion of the sale, the director now directly owns 6,801 shares in the company, valued at $1,249,139.67. The trade was a 32.54 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CTO Hernan E. Mujica sold 2,050 shares of the business's stock in a transaction on Monday, February 24th. The stock was sold at an average price of $170.66, for a total transaction 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. The trade was a 10.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 16,535 shares of company stock worth $2,952,507 over the last 90 days. 0.50% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on TXRH. Morgan Stanley raised Texas Roadhouse from an "equal weight" rating to an "overweight" rating and increased their price objective for the company from $205.00 to $213.00 in a report on Tuesday, January 21st. Gordon Haskett cut shares of Texas Roadhouse from a "buy" rating to a "hold" rating and set a $192.00 price objective for the company. in a research note on Wednesday, January 8th. Royal Bank of Canada reduced their target price on shares of Texas Roadhouse from $200.00 to $180.00 and set a "sector perform" rating for the company in a report on Friday, February 21st. Stephens lowered their price target on shares of Texas Roadhouse from $186.00 to $180.00 and set an "equal weight" rating on the stock in a report on Friday, February 21st. Finally, Guggenheim lowered their target price 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. Nine research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $194.81.

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.