Magnetar Financial LLC Acquires 7,712 Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH)

Magnetar Financial LLC boosted its position in Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 116.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,357 shares of the restaurant operator's stock after purchasing an additional 7,712 shares during the quarter. Magnetar Financial LLC's holdings in Texas Roadhouse were worth $2,590,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of TXRH. True Wealth Design LLC purchased a new stake in shares of Texas Roadhouse in the third quarter worth $30,000. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Texas Roadhouse in the 4th quarter valued at about $30,000. SBI Securities Co. Ltd. bought a new stake in shares of Texas Roadhouse during the 4th quarter valued at about $36,000. MassMutual Private Wealth & Trust FSB boosted its position in shares of Texas Roadhouse by 32.2% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 267 shares of the restaurant operator's stock valued at $48,000 after acquiring an additional 65 shares during the last quarter. Finally, First Horizon Advisors Inc. grew its holdings in shares of Texas Roadhouse by 158.1% during the third quarter. First Horizon Advisors Inc. now owns 302 shares of the restaurant operator's stock worth $53,000 after purchasing an additional 185 shares in the last quarter. 94.82% of the stock is owned by institutional investors.

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 that occurred on Friday, January 10th. The stock was sold at an average price of $179.46, for a total transaction of $245,860.20. Following the sale, the insider now directly owns 10,000 shares of the company's stock, valued at approximately $1,794,600. The trade was a 12.05 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Curtis Warfield sold 4,190 shares of the stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $178.80, for a total value of $749,172.00. Following the completion of the transaction, the director now directly owns 10,082 shares of the company's stock, valued at $1,802,661.60. This represents a 29.36 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 17,905 shares of company stock worth $3,198,367 over the last 90 days. 0.50% of the stock is owned by company insiders.

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Wall Street Analyst Weigh In

A number of brokerages recently weighed in on TXRH. Stifel Nicolaus lowered their target price on shares of Texas Roadhouse from $185.00 to $172.00 and set a "hold" rating on the stock in a research note on Friday, February 21st. Morgan Stanley upgraded shares of Texas Roadhouse from an "equal weight" rating to an "overweight" rating and raised their price objective for the company from $205.00 to $213.00 in a research report on Tuesday, January 21st. Wedbush cut their target price on shares of Texas Roadhouse from $220.00 to $200.00 and set an "outperform" rating for the company in a research report on Friday, February 21st. Citigroup raised their price target on Texas Roadhouse from $212.00 to $213.00 and gave the company a "buy" rating in a research report on Friday, February 21st. Finally, Stephens cut their price objective on Texas Roadhouse from $186.00 to $180.00 and set an "equal weight" 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 stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $192.91.

Texas Roadhouse Trading Up 0.9 %

NASDAQ TXRH traded up $1.63 on Tuesday, hitting $177.50. The company's stock had a trading volume of 768,744 shares, compared to its average volume of 815,051. The firm has a market cap of $11.80 billion, a P/E ratio of 27.43, a PEG ratio of 1.23 and a beta of 1.00. Texas Roadhouse, Inc. has a 52-week low of $146.75 and a 52-week high of $206.04. The company's 50-day simple moving average is $176.70 and its 200 day simple moving average is $181.41.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The restaurant operator reported $1.73 EPS for the quarter, topping analysts' consensus estimates of $1.66 by $0.07. The company had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.41 billion. Texas Roadhouse had a return on equity of 34.02% and a net margin of 8.07%. On average, research analysts forecast that Texas Roadhouse, Inc. will post 7.23 EPS for the current fiscal year.

Texas Roadhouse Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 18th will be paid a dividend of $0.68 per share. This is a positive change from Texas Roadhouse's previous quarterly dividend of $0.61. The ex-dividend date is Tuesday, March 18th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.53%. Texas Roadhouse's payout ratio 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.