Texas Roadhouse, Inc. (NASDAQ:TXRH) is Running Oak Capital LLC’s 2nd Largest Position

Running Oak Capital LLC raised its stake in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 5.1% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 84,470 shares of the restaurant operator’s stock after buying an additional 4,126 shares during the period. Texas Roadhouse comprises about 2.1% of Running Oak Capital LLC’s portfolio, making the stock its 2nd largest holding. Running Oak Capital LLC owned 0.13% of Texas Roadhouse worth $13,048,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Bridgefront Capital LLC purchased a new position in shares of Texas Roadhouse in the 4th quarter valued at about $736,000. Bank of Nova Scotia increased its stake in shares of Texas Roadhouse by 5,135.0% in the 4th quarter. Bank of Nova Scotia now owns 222,538 shares of the restaurant operator’s stock valued at $27,200,000 after purchasing an additional 218,287 shares in the last quarter. Comerica Bank purchased a new position in shares of Texas Roadhouse in the 3rd quarter valued at about $10,585,000. Bamco Inc. NY increased its stake in shares of Texas Roadhouse by 16.9% in the 3rd quarter. Bamco Inc. NY now owns 296,213 shares of the restaurant operator’s stock valued at $28,466,000 after purchasing an additional 42,755 shares in the last quarter. Finally, International Assets Investment Management LLC increased its stake in shares of Texas Roadhouse by 12,123.2% in the 4th quarter. International Assets Investment Management LLC now owns 13,690 shares of the restaurant operator’s stock valued at $1,673,000 after purchasing an additional 13,578 shares in the last quarter. Hedge funds and other institutional investors own 94.82% of the company’s stock.

Insider Buying and Selling at Texas Roadhouse

In other Texas Roadhouse news, Director Curtis Warfield sold 1,025 shares of the business’s stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $165.82, for a total value of $169,965.50. Following the sale, the director now owns 12,372 shares of the company’s stock, valued at $2,051,525.04. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, CEO Gerald L. Morgan sold 15,000 shares of the company’s stock in a transaction on Tuesday, May 28th. The stock was sold at an average price of $171.70, for a total transaction of $2,575,500.00. Following the sale, the chief executive officer now owns 77,847 shares of the company’s stock, valued at $13,366,329.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Curtis Warfield sold 1,025 shares of the company’s stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $165.82, for a total value of $169,965.50. Following the sale, the director now directly owns 12,372 shares in the company, valued at approximately $2,051,525.04. The disclosure for this sale can be found here. Insiders have sold a total of 19,025 shares of company stock valued at $3,251,266 over the last quarter. 0.50% of the stock is owned by company insiders.

Texas Roadhouse Price Performance

TXRH traded up $1.05 during trading hours on Friday, reaching $170.41. The company’s stock had a trading volume of 1,619,087 shares, compared to its average volume of 690,762. Texas Roadhouse, Inc. has a fifty-two week low of $91.06 and a fifty-two week high of $174.05. The stock has a market cap of $11.38 billion, a PE ratio of 34.50, a P/E/G ratio of 1.65 and a beta of 1.00. The business’s 50-day moving average is $164.90 and its 200-day moving average is $145.32.

Texas Roadhouse (NASDAQ:TXRH) last released its quarterly earnings data on Thursday, May 2nd. The restaurant operator reported $1.69 EPS for the quarter, beating analysts’ consensus estimates of $1.65 by $0.04. The firm had revenue of $1.32 billion for the quarter, compared to analysts’ expectations of $1.32 billion. Texas Roadhouse had a return on equity of 28.85% and a net margin of 6.94%. The firm’s quarterly revenue was up 12.5% on a year-over-year basis. During the same period in the prior year, the firm posted $1.28 earnings per share. Analysts expect that Texas Roadhouse, Inc. will post 6.02 EPS for the current year.

Texas Roadhouse Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 25th. Shareholders of record on Wednesday, June 12th will be given a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a yield of 1.43%. The ex-dividend date is Wednesday, June 12th. Texas Roadhouse’s payout ratio is 49.39%.

Analyst Ratings Changes

TXRH has been the subject of several recent analyst reports. Royal Bank of Canada lifted their price target on Texas Roadhouse from $165.00 to $175.00 and gave the company a “sector perform” rating in a research note on Friday, June 7th. Stifel Nicolaus lifted their price objective on Texas Roadhouse from $155.00 to $175.00 and gave the stock a “hold” rating in a report on Monday, May 6th. Wells Fargo & Company lifted their price objective on Texas Roadhouse from $140.00 to $165.00 and gave the stock an “equal weight” rating in a report on Friday, May 3rd. Truist Financial lifted their price objective on Texas Roadhouse from $170.00 to $181.00 and gave the stock a “buy” rating in a report on Friday, May 3rd. Finally, Morgan Stanley lifted their price objective on Texas Roadhouse from $145.00 to $155.00 and gave the stock an “equal weight” rating in a report on Friday, May 3rd. Thirteen research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $157.77.

Texas Roadhouse 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.