Centiva Capital LP Purchases 4,222 Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH)

Centiva Capital LP raised its position in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 159.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,866 shares of the restaurant operator's stock after buying an additional 4,222 shares during the period. Centiva Capital LP's holdings in Texas Roadhouse were worth $1,213,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Geneva Capital Management LLC raised its stake in shares of Texas Roadhouse by 0.4% in the third quarter. Geneva Capital Management LLC now owns 922,405 shares of the restaurant operator's stock worth $162,897,000 after acquiring an additional 3,584 shares during the last quarter. AQR Capital Management LLC lifted its holdings in Texas Roadhouse by 22.3% during the 2nd quarter. AQR Capital Management LLC now owns 909,847 shares of the restaurant operator's stock worth $156,230,000 after buying an additional 165,738 shares in the last quarter. FMR LLC lifted its holdings in Texas Roadhouse by 81.6% during the 3rd quarter. FMR LLC now owns 898,522 shares of the restaurant operator's stock worth $158,679,000 after buying an additional 403,720 shares in the last quarter. Marshall Wace LLP boosted its position in Texas Roadhouse by 128.9% in the 2nd quarter. Marshall Wace LLP now owns 765,096 shares of the restaurant operator's stock valued at $131,375,000 after buying an additional 430,814 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its stake in shares of Texas Roadhouse by 0.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 744,624 shares of the restaurant operator's stock valued at $127,859,000 after buying an additional 2,578 shares during the period. 94.82% of the stock is owned by institutional investors and hedge funds.

Texas Roadhouse Stock Performance

Texas Roadhouse stock traded down $3.55 during mid-day trading on Thursday, reaching $196.31. The company's stock had a trading volume of 689,753 shares, compared to its average volume of 768,197. The business's 50 day simple moving average is $188.51 and its 200 day simple moving average is $175.74. Texas Roadhouse, Inc. has a 12 month low of $112.87 and a 12 month high of $206.04. The company has a market capitalization of $13.10 billion, a price-to-earnings ratio of 34.34, a price-to-earnings-growth ratio of 1.67 and a beta of 0.98.

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

Texas Roadhouse Dividend Announcement

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. This represents a $2.44 annualized dividend and a yield of 1.24%. The ex-dividend date is Tuesday, December 10th. Texas Roadhouse's dividend payout ratio (DPR) is currently 41.92%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on TXRH shares. Loop Capital cut their price target on Texas Roadhouse from $215.00 to $209.00 and set a "buy" rating on the stock in a research note on Monday, October 28th. BMO Capital Markets raised their target price on shares of Texas Roadhouse from $155.00 to $162.00 and gave the company a "market perform" rating in a research note on Friday, October 25th. Royal Bank of Canada lifted their price objective on Texas Roadhouse from $175.00 to $185.00 and gave the stock a "sector perform" rating in a research note on Friday, October 25th. Bank of America raised their target price on Texas Roadhouse from $206.00 to $234.00 and gave the stock a "buy" rating in a report on Tuesday, October 22nd. Finally, The Goldman Sachs Group initiated coverage on shares of Texas Roadhouse in a research report on Thursday. They issued a "neutral" rating and a $213.00 price target on the stock. Thirteen equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to MarketBeat.com, Texas Roadhouse currently has an average rating of "Hold" and an average price target of $190.09.

Insider Activity

In related news, Director Donna E. Epps sold 610 shares of the stock in a transaction on Monday, November 11th. The stock was sold at an average price of $195.66, for a total value of $119,352.60. Following the sale, the director now owns 3,532 shares in the company, valued at approximately $691,071.12. This represents a 14.73 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CTO Hernan E. Mujica sold 1,500 shares of Texas Roadhouse stock in a transaction on 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 of the company's stock, valued at approximately $3,305,332.92. This trade represents a 8.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.50% of the stock is owned by insiders.

Texas Roadhouse Company 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.