Tower Research Capital LLC TRC Has $1.18 Million Stock Holdings in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Tower Research Capital LLC TRC grew its stake in Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 359.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,540 shares of the restaurant operator's stock after buying an additional 5,116 shares during the quarter. Tower Research Capital LLC TRC's holdings in Texas Roadhouse were worth $1,180,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Mirae Asset Global Investments Co. Ltd. bought a new position in Texas Roadhouse during the 4th quarter worth about $30,000. SBI Securities Co. Ltd. acquired a new position in shares of Texas Roadhouse during the fourth quarter worth about $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 worth $48,000 after buying an additional 65 shares in the last quarter. VisionPoint Advisory Group LLC acquired a new stake in Texas Roadhouse in the 4th quarter valued at approximately $64,000. Finally, Asset Planning Inc bought a new stake in Texas Roadhouse in the 4th quarter valued at approximately $74,000. 94.82% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on TXRH. JPMorgan Chase & Co. reduced their target price on shares of Texas Roadhouse from $185.00 to $184.00 and set a "neutral" rating for the company in a report on Thursday, March 20th. Wedbush lifted their target price on Texas Roadhouse from $200.00 to $210.00 and gave the company an "outperform" rating in a research report on Friday, March 28th. Morgan Stanley raised Texas Roadhouse from an "equal weight" rating to an "overweight" rating and increased their price target for the company from $205.00 to $213.00 in a research report on Tuesday, January 21st. Wells Fargo & Company dropped their price objective on Texas Roadhouse from $175.00 to $170.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 22nd. Finally, Citigroup downgraded Texas Roadhouse from a "buy" rating to a "neutral" rating and cut their price objective for the company from $213.00 to $164.00 in a report on Wednesday, April 23rd. Ten equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, Texas Roadhouse currently has a consensus rating of "Moderate Buy" and a consensus price target of $192.29.

Texas Roadhouse Price Performance

Texas Roadhouse stock traded up $5.02 during midday trading on Monday, hitting $166.66. The company's stock had a trading volume of 1,863,973 shares, compared to its average volume of 884,269. The company has a market cap of $11.07 billion, a price-to-earnings ratio of 25.76, a PEG ratio of 1.23 and a beta of 0.88. Texas Roadhouse, Inc. has a 1-year low of $148.73 and a 1-year high of $206.04. The company has a 50-day moving average price of $169.50 and a two-hundred day moving average price of $180.09.

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

Texas Roadhouse Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 18th were issued a dividend of $0.68 per share. This is a positive change from Texas Roadhouse's previous quarterly dividend of $0.61. This represents a $2.72 annualized dividend and a dividend yield of 1.63%. The ex-dividend date was Tuesday, March 18th. Texas Roadhouse's dividend payout ratio is 42.04%.

Insider Buying and Selling

In other Texas Roadhouse news, Director Gregory N. Moore sold 2,700 shares of the firm's stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $168.26, for a total value of $454,302.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Curtis Warfield sold 3,281 shares of the stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $183.67, for a total transaction of $602,621.27. Following the sale, the director now owns 6,801 shares in the company, valued at $1,249,139.67. This represents a 32.54 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 16,535 shares of company stock worth $2,952,507. Company insiders own 0.50% of the company's stock.

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.