Y Intercept Hong Kong Ltd Acquires Shares of 18,085 Texas Roadhouse, Inc. (NASDAQ:TXRH)

Y Intercept Hong Kong Ltd bought a new position in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 18,085 shares of the restaurant operator's stock, valued at approximately $3,194,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Kingsview Wealth Management LLC lifted its stake in Texas Roadhouse by 3.1% in the third quarter. Kingsview Wealth Management LLC now owns 1,771 shares of the restaurant operator's stock valued at $313,000 after buying an additional 54 shares during the last quarter. CIBC Asset Management Inc grew its position in Texas Roadhouse by 3.3% during the 3rd quarter. CIBC Asset Management Inc now owns 1,952 shares of the restaurant operator's stock worth $345,000 after purchasing an additional 62 shares during the last quarter. Insight Wealth Partners LLC increased its stake in Texas Roadhouse by 3.9% in the third quarter. Insight Wealth Partners LLC now owns 1,818 shares of the restaurant operator's stock valued at $321,000 after purchasing an additional 68 shares during the period. PSI Advisors LLC raised its holdings in shares of Texas Roadhouse by 70.8% in the third quarter. PSI Advisors LLC now owns 181 shares of the restaurant operator's stock valued at $32,000 after buying an additional 75 shares during the last quarter. Finally, Angeles Wealth Management LLC boosted its stake in shares of Texas Roadhouse by 5.4% during the third quarter. Angeles Wealth Management LLC now owns 1,469 shares of the restaurant operator's stock worth $259,000 after buying an additional 75 shares during the period. 94.82% of the stock is owned by institutional investors and hedge funds.

Texas Roadhouse Stock Performance

NASDAQ TXRH traded up $1.39 during mid-day trading on Tuesday, reaching $193.20. 597,165 shares of the stock were exchanged, compared to its average volume of 765,922. The business's fifty day simple moving average is $189.94 and its 200 day simple moving average is $176.56. The stock has a market capitalization of $12.89 billion, a PE ratio of 33.20, a PEG ratio of 1.67 and a beta of 0.98. Texas Roadhouse, Inc. has a 1-year low of $113.81 and a 1-year high of $206.04.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last released its earnings results on Thursday, October 24th. The restaurant operator reported $1.26 EPS for the quarter, missing the consensus estimate of $1.32 by ($0.06). The business 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% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.95 earnings per share. On average, analysts anticipate that Texas Roadhouse, Inc. will post 6.39 EPS for the current year.

Texas Roadhouse Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 10th will be paid a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a yield of 1.26%. The ex-dividend date of this dividend is Tuesday, December 10th. Texas Roadhouse's dividend payout ratio is currently 41.92%.

Insider Buying and Selling at Texas Roadhouse

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

Wall Street Analyst Weigh In

A number of analysts have weighed in on TXRH shares. Loop Capital decreased their price objective on Texas Roadhouse from $215.00 to $209.00 and set a "buy" rating for the company in a research report on Monday, October 28th. Evercore ISI boosted their price objective on shares of Texas Roadhouse from $195.00 to $200.00 and gave the company an "outperform" rating in a research note on Tuesday, October 15th. Morgan Stanley raised their price objective on shares of Texas Roadhouse from $200.00 to $205.00 and gave the company an "equal weight" rating in a research report on Friday, October 25th. Barclays increased their price objective on Texas Roadhouse from $160.00 to $175.00 and gave the stock an "equal weight" rating in a research report on Friday, October 25th. Finally, Royal Bank of Canada boosted their target price on shares of Texas Roadhouse from $175.00 to $185.00 and gave the stock a "sector perform" rating in a research report on Friday, October 25th. Thirteen investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $190.09.

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.