Quantinno Capital Management LP Has $7.19 Million Holdings in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Quantinno Capital Management LP boosted its position in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 20.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 40,695 shares of the restaurant operator's stock after purchasing an additional 7,017 shares during the period. Quantinno Capital Management LP owned about 0.06% of Texas Roadhouse worth $7,187,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Hollencrest Capital Management bought a new position in Texas Roadhouse during the 2nd quarter worth about $25,000. McClarren Financial Advisors Inc. grew its holdings in Texas Roadhouse by 4,175.0% during the second quarter. McClarren Financial Advisors Inc. now owns 171 shares of the restaurant operator's stock worth $29,000 after purchasing an additional 167 shares during the period. True Wealth Design LLC bought a new position in Texas Roadhouse during the third quarter worth about $30,000. PSI Advisors LLC grew its holdings in Texas Roadhouse by 70.8% during the third quarter. PSI Advisors LLC now owns 181 shares of the restaurant operator's stock worth $32,000 after purchasing an additional 75 shares during the period. Finally, UMB Bank n.a. grew its holdings in Texas Roadhouse by 118.6% during the third quarter. UMB Bank n.a. now owns 258 shares of the restaurant operator's stock worth $46,000 after purchasing an additional 140 shares during the period. Institutional investors own 94.82% of the company's stock.

Texas Roadhouse Price Performance

NASDAQ TXRH traded up $0.25 on Friday, reaching $196.56. The company had a trading volume of 570,621 shares, compared to its average volume of 642,598. The firm has a market cap of $13.11 billion, a price-to-earnings ratio of 33.77, a P/E/G ratio of 1.70 and a beta of 0.98. Texas Roadhouse, Inc. has a fifty-two week low of $112.87 and a fifty-two week high of $206.04. The business has a 50 day moving average of $189.31 and a two-hundred day moving average of $176.08.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last posted its quarterly earnings data on Thursday, October 24th. The restaurant operator reported $1.26 earnings per share for the quarter, missing analysts' consensus estimates of $1.32 by ($0.06). The company had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.27 billion. Texas Roadhouse had a net margin of 7.65% and a return on equity of 31.33%. The business's revenue for the quarter was up 13.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.95 earnings per share. As a group, research analysts predict that Texas Roadhouse, Inc. will post 6.39 earnings per share for the current fiscal year.

Texas Roadhouse Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 10th will be given a dividend of $0.61 per share. The ex-dividend date of this dividend is Tuesday, December 10th. This represents a $2.44 dividend on an annualized basis and a yield of 1.24%. Texas Roadhouse's dividend payout ratio (DPR) is currently 41.92%.

Insider Buying and Selling at Texas Roadhouse

In other news, Director Donna E. Epps sold 610 shares of the stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $195.66, for a total transaction of $119,352.60. Following the transaction, the director now owns 3,532 shares of the company's stock, valued at $691,071.12. This represents a 14.73 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CTO Hernan E. Mujica sold 1,500 shares of the stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $202.26, for a total transaction of $303,390.00. Following the transaction, the chief technology officer now directly owns 16,342 shares in the company, valued at $3,305,332.92. This trade represents a 8.41 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.50% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. Robert W. Baird boosted their price objective on Texas Roadhouse from $190.00 to $205.00 and gave the stock an "outperform" rating in a report on Friday, October 25th. Stifel Nicolaus boosted their price target on Texas Roadhouse from $180.00 to $195.00 and gave the company a "hold" rating in a research note on Friday, October 25th. Morgan Stanley boosted their price target on Texas Roadhouse from $200.00 to $205.00 and gave the company an "equal weight" rating in a research note on Friday, October 25th. Bank of America boosted their price target on Texas Roadhouse from $206.00 to $234.00 and gave the company a "buy" rating in a research note on Tuesday, October 22nd. Finally, Loop Capital lowered their price objective on shares of Texas Roadhouse from $215.00 to $209.00 and set a "buy" rating for the company in a research report on Monday, October 28th. Thirteen equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $190.09.

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.