MQS Management LLC Buys Shares of 1,323 Texas Roadhouse, Inc. (NASDAQ:TXRH)

MQS Management LLC purchased a new position in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 1,323 shares of the restaurant operator’s stock, valued at approximately $234,000.

A number of other hedge funds also recently modified their holdings of TXRH. Sei Investments Co. raised its stake in Texas Roadhouse by 31.6% during the first quarter. Sei Investments Co. now owns 73,707 shares of the restaurant operator’s stock worth $11,385,000 after buying an additional 17,691 shares during the last quarter. US Bancorp DE raised its stake in Texas Roadhouse by 9.3% during the first quarter. US Bancorp DE now owns 12,432 shares of the restaurant operator’s stock worth $1,920,000 after buying an additional 1,063 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its stake in Texas Roadhouse by 3.9% during the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 33,959 shares of the restaurant operator’s stock worth $5,246,000 after buying an additional 1,271 shares during the last quarter. Vanguard Group Inc. increased its stake in Texas Roadhouse by 0.8% in the first quarter. Vanguard Group Inc. now owns 6,476,056 shares of the restaurant operator’s stock valued at $1,000,356,000 after purchasing an additional 53,419 shares in the last quarter. Finally, Ontario Teachers Pension Plan Board bought a new stake in Texas Roadhouse in the first quarter valued at $2,338,000. Institutional investors and hedge funds own 94.82% of the company’s stock.

Texas Roadhouse Trading Down 0.5 %

Shares of NASDAQ TXRH opened at $197.99 on Friday. The firm has a market cap of $13.21 billion, a price-to-earnings ratio of 34.01, a price-to-earnings-growth ratio of 1.71 and a beta of 0.98. Texas Roadhouse, Inc. has a 1-year low of $109.13 and a 1-year high of $203.32. The stock has a fifty day simple moving average of $179.55 and a two-hundred day simple moving average of $172.37.

Texas Roadhouse (NASDAQ:TXRH) last posted its quarterly earnings results on Thursday, October 24th. The restaurant operator reported $1.26 earnings per share (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 the consensus estimate 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 period last year, the firm earned $0.95 EPS. Analysts forecast that Texas Roadhouse, Inc. will post 6.39 EPS for the current year.

Texas Roadhouse Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 10th will be given a $0.61 dividend. This represents a $2.44 annualized dividend and a dividend yield of 1.23%. The ex-dividend date is Tuesday, December 10th. Texas Roadhouse’s dividend payout ratio (DPR) is presently 41.92%.

Insider Activity at Texas Roadhouse

In related news, Director Donna E. Epps sold 610 shares of the business’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $195.66, for a total transaction of $119,352.60. Following the sale, the director now directly owns 3,532 shares in the company, valued at approximately $691,071.12. The trade was a 14.73 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CTO Hernan E. Mujica sold 1,500 shares of the business’s stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $202.26, for a total value of $303,390.00. Following the sale, the chief technology officer now owns 16,342 shares in the company, valued at approximately $3,305,332.92. The trade was 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 currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on TXRH. JPMorgan Chase & Co. decreased their price target on shares of Texas Roadhouse from $184.00 to $180.00 and set a “neutral” rating for the company in a research note on Monday, July 29th. BTIG Research boosted their target price on shares of Texas Roadhouse from $175.00 to $190.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. BMO Capital Markets boosted their target price on shares of Texas Roadhouse from $155.00 to $162.00 and gave the stock a “market perform” rating in a research report on Friday, October 25th. Citigroup boosted their target price on shares of Texas Roadhouse from $192.00 to $201.00 and gave the stock a “buy” rating in a research report on Tuesday, October 1st. Finally, Robert W. Baird boosted their target price on shares of Texas Roadhouse from $190.00 to $205.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. Twelve analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, Texas Roadhouse currently has an average rating of “Hold” and a consensus price target of $189.00.

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.