Running Oak Capital LLC Acquires 1,703 Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH)

Running Oak Capital LLC lifted its holdings in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 2.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 81,757 shares of the restaurant operator’s stock after purchasing an additional 1,703 shares during the period. Texas Roadhouse comprises 1.9% of Running Oak Capital LLC’s holdings, making the stock its 10th biggest holding. Running Oak Capital LLC owned about 0.12% of Texas Roadhouse worth $14,751,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Linden Thomas Advisory Services LLC lifted its stake in Texas Roadhouse by 21.0% in the fourth quarter. Linden Thomas Advisory Services LLC now owns 1,765 shares of the restaurant operator’s stock valued at $318,000 after acquiring an additional 306 shares during the last quarter. Exchange Traded Concepts LLC lifted its stake in Texas Roadhouse by 2.6% in the fourth quarter. Exchange Traded Concepts LLC now owns 4,623 shares of the restaurant operator’s stock valued at $834,000 after acquiring an additional 115 shares during the last quarter. FCG Investment Co lifted its stake in Texas Roadhouse by 16.0% in the fourth quarter. FCG Investment Co now owns 1,834 shares of the restaurant operator’s stock valued at $331,000 after acquiring an additional 253 shares during the last quarter. Lifestyle Asset Management Inc. lifted its stake in Texas Roadhouse by 3.9% in the fourth quarter. Lifestyle Asset Management Inc. now owns 1,603 shares of the restaurant operator’s stock valued at $289,000 after acquiring an additional 60 shares during the last quarter. Finally, Inspire Investing LLC lifted its stake in Texas Roadhouse by 89.6% in the fourth quarter. Inspire Investing LLC now owns 9,840 shares of the restaurant operator’s stock valued at $1,775,000 after acquiring an additional 4,649 shares during the last quarter. Institutional investors and hedge funds own 94.82% of the company’s stock.

Texas Roadhouse Trading Down 0.3 %

Shares of NASDAQ:TXRH opened at $178.55 on Friday. The stock has a market capitalization of $11.91 billion, a P/E ratio of 30.68, a P/E/G ratio of 1.36 and a beta of 1.01. Texas Roadhouse, Inc. has a 1-year low of $122.16 and a 1-year high of $206.04. The business has a 50-day moving average price of $187.28 and a two-hundred day moving average price of $179.14.

Texas Roadhouse (NASDAQ:TXRH) last announced its quarterly earnings data on Thursday, October 24th. The restaurant operator reported $1.26 earnings per share for the quarter, missing the consensus estimate of $1.32 by ($0.06). The firm had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.27 billion. Texas Roadhouse had a return on equity of 31.33% and a net margin of 7.65%. The business’s revenue for the quarter was up 13.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.95 earnings per share. As a group, equities analysts predict that Texas Roadhouse, Inc. will post 6.4 EPS for the current year.

Texas Roadhouse Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 10th were issued a dividend of $0.61 per share. The ex-dividend date of this dividend was Tuesday, December 10th. This represents a $2.44 annualized dividend and a yield of 1.37%. Texas Roadhouse’s dividend payout ratio is currently 41.92%.

Wall Street Analyst Weigh In

A number of analysts have issued reports on TXRH shares. Truist Financial lifted their target price on shares of Texas Roadhouse from $207.00 to $209.00 and gave the company a “buy” rating in a research note on Wednesday, January 8th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $200.00 target price on shares of Texas Roadhouse in a research report on Thursday, January 16th. Barclays boosted their target price on shares of Texas Roadhouse from $160.00 to $175.00 and gave the stock an “equal weight” 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, Evercore ISI boosted their price target on shares of Texas Roadhouse from $195.00 to $200.00 and gave the company an “outperform” rating in a report on Tuesday, October 15th. Thirteen 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, Texas Roadhouse presently has a consensus rating of “Hold” and a consensus price target of $191.26.

Insiders Place Their Bets

In other news, CTO Hernan E. Mujica sold 1,500 shares of the company’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 completion of the sale, the chief technology officer now directly owns 16,342 shares of the company’s stock, valued at $3,305,332.92. This represents a 8.41 % decrease in their position. The sale was disclosed in a legal filing 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 shares were 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 approximately $691,071.12. This trade represents a 14.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 3,480 shares of company stock valued at $668,603. 0.50% of the stock is currently owned by insiders.

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.