Stevens Capital Management LP Grows Stake in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Stevens Capital Management LP boosted its position in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 18.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,894 shares of the restaurant operator’s stock after purchasing an additional 289 shares during the period. Stevens Capital Management LP’s holdings in Texas Roadhouse were worth $342,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of TXRH. Commerce Bank increased its position in Texas Roadhouse by 2.5% during the third quarter. Commerce Bank now owns 6,388 shares of the restaurant operator’s stock worth $1,128,000 after buying an additional 156 shares in the last quarter. First Horizon Advisors Inc. increased its position in Texas Roadhouse by 158.1% during the third quarter. First Horizon Advisors Inc. now owns 302 shares of the restaurant operator’s stock worth $53,000 after buying an additional 185 shares in the last quarter. Massachusetts Financial Services Co. MA purchased a new position in Texas Roadhouse during the third quarter worth $17,853,000. Meridian Wealth Management LLC purchased a new position in Texas Roadhouse during the third quarter worth $302,000. Finally, Cerity Partners LLC increased its position in Texas Roadhouse by 37.7% during the third quarter. Cerity Partners LLC now owns 45,761 shares of the restaurant operator’s stock worth $8,081,000 after buying an additional 12,526 shares in the last quarter. Hedge funds and other institutional investors own 94.82% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Wedbush dropped their price target on Texas Roadhouse from $220.00 to $200.00 and set an “outperform” rating for the company in a research report on Friday, February 21st. Guggenheim lowered their price objective on Texas Roadhouse from $205.00 to $200.00 and set a “buy” rating for the company in a research report on Thursday, February 27th. Stifel Nicolaus lowered their price objective on Texas Roadhouse from $185.00 to $172.00 and set a “hold” rating for the company in a research report on Friday, February 21st. Royal Bank of Canada lowered their price objective on Texas Roadhouse from $200.00 to $180.00 and set a “sector perform” rating for the company in a research report on Friday, February 21st. Finally, Gordon Haskett cut Texas Roadhouse from a “buy” rating to a “hold” rating and set a $192.00 target price on the stock. in a report on Wednesday, January 8th. Eleven investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $192.91.

Insider Activity at Texas Roadhouse

In other news, CTO Hernan E. Mujica sold 2,050 shares of the company’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $170.66, for a total transaction of $349,853.00. Following the completion of the transaction, the chief technology officer now directly owns 17,162 shares of the company’s stock, valued at approximately $2,928,866.92. This represents a 10.67 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Christopher C. Colson sold 580 shares of the company’s stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $181.94, for a total value of $105,525.20. Following the transaction, the insider now directly owns 12,000 shares of the company’s stock, valued at $2,183,280. This trade represents a 4.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 17,905 shares of company stock valued at $3,198,367 over the last three months. 0.50% of the stock is owned by insiders.

Texas Roadhouse Stock Performance

NASDAQ:TXRH opened at $169.88 on Monday. Texas Roadhouse, Inc. has a one year low of $146.75 and a one year high of $206.04. The business’s 50-day simple moving average is $176.79 and its 200 day simple moving average is $181.33. The stock has a market cap of $11.29 billion, a price-to-earnings ratio of 26.26, a price-to-earnings-growth ratio of 1.23 and a beta of 1.00.

Texas Roadhouse (NASDAQ:TXRH) last released its quarterly earnings results on Thursday, February 20th. The restaurant operator reported $1.73 EPS for the quarter, topping the consensus estimate of $1.66 by $0.07. The business had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.41 billion. Texas Roadhouse had a return on equity of 34.02% and a net margin of 8.07%. On average, equities research analysts predict that Texas Roadhouse, Inc. will post 7.23 EPS for the current year.

Texas Roadhouse Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Tuesday, March 18th will be issued a $0.68 dividend. This is a positive change from Texas Roadhouse’s previous quarterly dividend of $0.61. This represents a $2.72 annualized dividend and a yield of 1.60%. The ex-dividend date of this dividend is Tuesday, March 18th. Texas Roadhouse’s payout ratio is currently 42.04%.

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.