Lisanti Capital Growth LLC Has $5.44 Million Position in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Lisanti Capital Growth LLC boosted its stake in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 429.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 30,135 shares of the restaurant operator's stock after purchasing an additional 24,440 shares during the quarter. Texas Roadhouse makes up approximately 1.3% of Lisanti Capital Growth LLC's holdings, making the stock its 27th largest position. Lisanti Capital Growth LLC's holdings in Texas Roadhouse were worth $5,437,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. True Wealth Design LLC acquired a new position in shares of Texas Roadhouse during the third quarter valued at $30,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in Texas Roadhouse in the 4th quarter valued at about $30,000. SBI Securities Co. Ltd. acquired a new position in Texas Roadhouse during the 4th quarter valued at about $36,000. MassMutual Private Wealth & Trust FSB grew its position in Texas Roadhouse by 32.2% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 267 shares of the restaurant operator's stock worth $48,000 after purchasing an additional 65 shares during the last quarter. Finally, First Horizon Advisors Inc. increased its stake in shares of Texas Roadhouse by 158.1% in the third quarter. First Horizon Advisors Inc. now owns 302 shares of the restaurant operator's stock valued at $53,000 after purchasing an additional 185 shares during the period. 94.82% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CTO Hernan E. Mujica sold 2,050 shares of the business's stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $170.66, for a total transaction of $349,853.00. Following the completion of the transaction, the chief technology officer now owns 17,162 shares of the company's stock, valued at approximately $2,928,866.92. The trade was a 10.67 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Curtis Warfield sold 3,281 shares of the stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $183.67, for a total value of $602,621.27. Following the sale, the director now owns 6,801 shares of the company's stock, valued at approximately $1,249,139.67. The trade was a 32.54 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 17,905 shares of company stock worth $3,198,367. 0.50% of the stock is currently owned by insiders.

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Texas Roadhouse Stock Down 0.7 %

TXRH stock traded down $1.21 during trading hours on Tuesday, hitting $177.12. The company's stock had a trading volume of 1,326,912 shares, compared to its average volume of 1,187,189. The stock has a 50 day moving average price of $178.53 and a two-hundred day moving average price of $181.14. Texas Roadhouse, Inc. has a 12 month low of $146.75 and a 12 month high of $206.04. The company has a market capitalization of $11.82 billion, a PE ratio of 27.38, a price-to-earnings-growth ratio of 1.23 and a beta of 1.00.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last posted its earnings results 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 net margin of 8.07% and a return on equity of 34.02%. The firm had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.41 billion. Sell-side analysts expect that Texas Roadhouse, Inc. will post 7.23 earnings per share for the current year.

Texas Roadhouse Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Tuesday, March 18th will be paid a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.54%. This is an increase from Texas Roadhouse's previous quarterly dividend of $0.61. The ex-dividend date is Tuesday, March 18th. Texas Roadhouse's dividend payout ratio (DPR) is presently 42.04%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on TXRH shares. Wedbush decreased their price objective on Texas Roadhouse from $220.00 to $200.00 and set an "outperform" rating for the company in a report on Friday, February 21st. Barclays decreased their price target on Texas Roadhouse from $194.00 to $178.00 and set an "equal weight" rating for the company in a research note on Friday, February 21st. Citigroup lifted their price objective on shares of Texas Roadhouse from $212.00 to $213.00 and gave the company a "buy" rating in a research note on Friday, February 21st. Royal Bank of Canada decreased 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 research report on Friday, February 21st. Finally, Stephens dropped 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 research report on Friday, February 21st. Eleven analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, Texas Roadhouse currently has a consensus rating of "Moderate Buy" and an average price target of $192.73.

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.