Texas Roadhouse, Inc. $TXRH Shares Acquired by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA lifted its stake in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 20.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 74,224 shares of the restaurant operator’s stock after acquiring an additional 12,487 shares during the quarter. Massachusetts Financial Services Co. MA’s holdings in Texas Roadhouse were worth $12,321,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. Alliancebernstein L.P. increased its stake in shares of Texas Roadhouse by 14.7% during the third quarter. Alliancebernstein L.P. now owns 3,638,914 shares of the restaurant operator’s stock valued at $604,606,000 after acquiring an additional 466,176 shares during the period. Capital World Investors increased its stake in shares of Texas Roadhouse by 580.2% during the third quarter. Capital World Investors now owns 2,236,885 shares of the restaurant operator’s stock valued at $371,658,000 after acquiring an additional 1,908,033 shares during the period. Steadfast Capital Management LP increased its stake in shares of Texas Roadhouse by 99.2% during the third quarter. Steadfast Capital Management LP now owns 1,275,648 shares of the restaurant operator’s stock valued at $211,949,000 after acquiring an additional 635,178 shares during the period. Victory Capital Management Inc. increased its stake in shares of Texas Roadhouse by 770.6% during the third quarter. Victory Capital Management Inc. now owns 972,251 shares of the restaurant operator’s stock valued at $161,540,000 after acquiring an additional 860,571 shares during the period. Finally, Balyasny Asset Management L.P. acquired a new position in shares of Texas Roadhouse during the third quarter valued at approximately $157,310,000. Institutional investors and hedge funds own 94.82% of the company’s stock.

Insider Transactions at Texas Roadhouse

In related news, Director Hugh J. Carroll sold 988 shares of the firm’s stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $170.96, for a total value of $168,908.48. Following the completion of the transaction, the director owned 866 shares of the company’s stock, valued at approximately $148,051.36. This trade represents a 53.29% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, President Regina A. Tobin sold 4,450 shares of the firm’s stock in a transaction that occurred on Thursday, March 19th. The stock was sold at an average price of $171.00, for a total transaction of $760,950.00. Following the completion of the transaction, the president directly owned 13,778 shares of the company’s stock, valued at $2,356,038. This represents a 24.41% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 17,988 shares of company stock worth $3,198,144. 0.50% of the stock is currently owned by insiders.

Texas Roadhouse Stock Performance

Texas Roadhouse stock opened at $159.95 on Friday. The firm has a market cap of $10.55 billion, a price-to-earnings ratio of 26.26, a price-to-earnings-growth ratio of 1.76 and a beta of 0.88. Texas Roadhouse, Inc. has a 1 year low of $156.00 and a 1 year high of $199.99. The firm’s 50 day moving average price is $172.84 and its two-hundred day moving average price is $173.31.

Texas Roadhouse (NASDAQ:TXRH) last posted its quarterly earnings results on Thursday, February 19th. The restaurant operator reported $1.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.53 by ($0.25). The business had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.50 billion. Texas Roadhouse had a return on equity of 27.88% and a net margin of 6.90%.The company’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same quarter last year, the firm posted $1.73 EPS. As a group, equities analysts predict that Texas Roadhouse, Inc. will post 7.23 EPS for the current fiscal year.

Texas Roadhouse Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Tuesday, March 17th were paid a $0.75 dividend. The ex-dividend date of this dividend was Tuesday, March 17th. This represents a $3.00 dividend on an annualized basis and a yield of 1.9%. This is a positive change from Texas Roadhouse’s previous quarterly dividend of $0.68. Texas Roadhouse’s dividend payout ratio (DPR) is 49.26%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on TXRH shares. Wall Street Zen upgraded shares of Texas Roadhouse from a “sell” rating to a “hold” rating in a research note on Saturday, April 11th. Morgan Stanley decreased their price target on shares of Texas Roadhouse from $208.00 to $202.00 and set an “overweight” rating on the stock in a research report on Monday, February 23rd. Barclays set a $188.00 price target on shares of Texas Roadhouse in a research report on Friday, February 20th. Deutsche Bank Aktiengesellschaft set a $195.00 price target on shares of Texas Roadhouse in a research report on Wednesday. Finally, BMO Capital Markets restated a “market perform” rating and issued a $165.00 price target on shares of Texas Roadhouse in a research report on Friday, February 20th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and thirteen have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $195.67.

Texas Roadhouse Profile

Texas Roadhouse, Inc is a casual dining restaurant chain specializing in hand?cut steaks, fall?off?the?bone ribs, chicken, seafood and house specialties. Each restaurant features a Western?themed décor, open kitchens and a signature line dance presentation of fresh, made?from?scratch sides and breads. The company emphasizes an energetic dining experience, focusing on hospitality, value and a family?friendly environment.

The concept was created in 1993 by founder Kent Taylor, who sought to combine high?quality steaks with an approachable, community?oriented atmosphere.