Y Intercept Hong Kong Ltd Has $9.73 Million Position in Texas Roadhouse, Inc. $TXRH

Y Intercept Hong Kong Ltd raised its holdings in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 494.1% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 51,933 shares of the restaurant operator’s stock after acquiring an additional 43,192 shares during the quarter. Y Intercept Hong Kong Ltd owned approximately 0.08% of Texas Roadhouse worth $9,733,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Axiom Investors LLC DE increased its holdings in Texas Roadhouse by 3,696.7% in the first quarter. Axiom Investors LLC DE now owns 2,173,807 shares of the restaurant operator’s stock valued at $362,221,000 after purchasing an additional 2,116,552 shares during the period. T. Rowe Price Investment Management Inc. increased its holdings in Texas Roadhouse by 209.3% in the first quarter. T. Rowe Price Investment Management Inc. now owns 1,609,608 shares of the restaurant operator’s stock valued at $268,209,000 after purchasing an additional 1,089,256 shares during the period. AQR Capital Management LLC increased its stake in shares of Texas Roadhouse by 54.3% in the first quarter. AQR Capital Management LLC now owns 1,261,587 shares of the restaurant operator’s stock valued at $209,840,000 after buying an additional 443,767 shares during the period. Nuveen LLC acquired a new stake in shares of Texas Roadhouse in the first quarter valued at about $36,208,000. Finally, TD Asset Management Inc increased its stake in shares of Texas Roadhouse by 49.1% in the first quarter. TD Asset Management Inc now owns 600,666 shares of the restaurant operator’s stock valued at $100,089,000 after buying an additional 197,939 shares during the period. 94.82% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Texas Roadhouse

In other news, President Regina A. Tobin sold 3,153 shares of the business’s stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $173.53, for a total transaction of $547,140.09. Following the completion of the sale, the president owned 15,261 shares in the company, valued at $2,648,241.33. The trade was a 17.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CTO Hernan E. Mujica sold 2,189 shares of the business’s stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $172.40, for a total value of $377,383.60. Following the sale, the chief technology officer owned 17,553 shares of the company’s stock, valued at approximately $3,026,137.20. This represents a 11.09% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 8,342 shares of company stock valued at $1,443,704. Company insiders own 0.50% of the company’s stock.

Texas Roadhouse Stock Down 0.5%

Shares of TXRH stock opened at $175.54 on Monday. The company has a market cap of $11.66 billion, a price-to-earnings ratio of 26.80, a price-to-earnings-growth ratio of 2.60 and a beta of 0.82. The firm has a 50 day moving average of $169.29 and a 200-day moving average of $177.68. Texas Roadhouse, Inc. has a 52 week low of $148.73 and a 52 week high of $206.04.

Texas Roadhouse (NASDAQ:TXRH) last announced its quarterly earnings data on Thursday, August 7th. The restaurant operator reported $1.86 earnings per share for the quarter, missing the consensus estimate of $1.95 by ($0.09). Texas Roadhouse had a net margin of 7.72% and a return on equity of 31.52%. The company had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.50 billion. During the same quarter in the prior year, the company posted $1.79 EPS. Texas Roadhouse’s revenue for the quarter was up 12.7% on a year-over-year basis. Analysts anticipate that Texas Roadhouse, Inc. will post 7.23 earnings per share for the current year.

Texas Roadhouse Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 2nd were paid a $0.68 dividend. The ex-dividend date was Tuesday, September 2nd. This represents a $2.72 annualized dividend and a dividend yield of 1.5%. Texas Roadhouse’s dividend payout ratio (DPR) is currently 41.53%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Citigroup increased their target price on shares of Texas Roadhouse from $180.00 to $197.00 and gave the company a “neutral” rating in a research report on Tuesday, July 29th. Morgan Stanley reiterated an “overweight” rating and set a $210.00 price objective on shares of Texas Roadhouse in a research report on Tuesday, October 21st. Stephens set a $175.00 price objective on shares of Texas Roadhouse in a research report on Monday, October 13th. Weiss Ratings reiterated a “buy (b)” rating on shares of Texas Roadhouse in a research report on Friday. Finally, Guggenheim reiterated a “buy” rating and set a $210.00 price target on shares of Texas Roadhouse in a report on Tuesday, September 16th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $197.16.

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.