Martingale Asset Management L P Raises Position in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Martingale Asset Management L P lifted its holdings in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 45.8% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 101,766 shares of the restaurant operator's stock after acquiring an additional 31,946 shares during the period. Martingale Asset Management L P owned approximately 0.15% of Texas Roadhouse worth $18,362,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the stock. Mirae Asset Global Investments Co. Ltd. purchased a new stake in Texas Roadhouse during the 4th quarter worth approximately $30,000. SBI Securities Co. Ltd. acquired a new stake in shares of Texas Roadhouse during the fourth quarter worth $36,000. MassMutual Private Wealth & Trust FSB grew its holdings in shares of Texas Roadhouse by 32.2% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 267 shares of the restaurant operator's stock valued at $48,000 after buying an additional 65 shares during the last quarter. VisionPoint Advisory Group LLC acquired a new position in shares of Texas Roadhouse in the 4th quarter valued at $64,000. Finally, Asset Planning Inc purchased a new position in Texas Roadhouse in the 4th quarter worth $74,000. Institutional investors and hedge funds own 94.82% of the company's stock.

Texas Roadhouse Stock Performance

Shares of NASDAQ:TXRH traded up $0.99 during midday trading on Monday, hitting $161.16. The company's stock had a trading volume of 322,584 shares, compared to its average volume of 866,668. Texas Roadhouse, Inc. has a 12-month low of $146.79 and a 12-month high of $206.04. The company has a market cap of $10.71 billion, a P/E ratio of 24.91, a price-to-earnings-growth ratio of 1.23 and a beta of 0.88. The business's 50 day simple moving average is $171.92 and its 200 day simple moving average is $181.09.

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Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last released its earnings results 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 business had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.41 billion. Texas Roadhouse had a net margin of 8.07% and a return on equity of 34.02%. On average, sell-side analysts predict that Texas Roadhouse, Inc. will post 7.23 earnings per share for the current fiscal year.

Texas Roadhouse Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 18th were issued a $0.68 dividend. This is a boost from Texas Roadhouse's previous quarterly dividend of $0.61. This represents a $2.72 annualized dividend and a yield of 1.69%. The ex-dividend date was Tuesday, March 18th. Texas Roadhouse's dividend payout ratio is presently 42.04%.

Insider Transactions at Texas Roadhouse

In other news, President Regina A. Tobin sold 3,154 shares of Texas Roadhouse stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $185.64, for a total transaction of $585,508.56. Following the sale, the president now owns 18,414 shares of the company's stock, valued at approximately $3,418,374.96. The trade was a 14.62 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CTO Hernan E. Mujica sold 2,050 shares of the stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $170.66, for a total value 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 $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 have sold a total of 16,535 shares of company stock worth $2,952,507 in the last quarter. Company insiders own 0.50% of the company's stock.

Analyst Ratings Changes

TXRH has been the topic of a number of research reports. 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. Barclays reduced their price target on shares of Texas Roadhouse from $194.00 to $178.00 and set an "equal weight" rating for the company in a research report on Friday, February 21st. Stephens cut their price objective on shares of Texas Roadhouse from $186.00 to $180.00 and set an "equal weight" rating on the stock in a research note on Friday, February 21st. Robert W. Baird set a $180.00 price target on shares of Texas Roadhouse and gave the company an "outperform" rating in a report on Monday, April 7th. Finally, Wedbush upped their price objective on Texas Roadhouse from $200.00 to $210.00 and gave the stock an "outperform" rating in a research report on Friday, March 28th. Ten research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $192.23.

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.