Entropy Technologies LP Invests $2.38 Million in Texas Roadhouse, Inc. $TXRH

Entropy Technologies LP purchased a new stake in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) during the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 14,364 shares of the restaurant operator’s stock, valued at approximately $2,384,000.

A number of other hedge funds and other institutional investors have also modified their holdings of TXRH. Evergreen Capital Management LLC lifted its stake in shares of Texas Roadhouse by 1.7% in the 4th quarter. Evergreen Capital Management LLC now owns 3,644 shares of the restaurant operator’s stock worth $605,000 after acquiring an additional 60 shares during the period. Fifth Third Bancorp lifted its position in Texas Roadhouse by 11.6% in the fourth quarter. Fifth Third Bancorp now owns 644 shares of the restaurant operator’s stock worth $107,000 after purchasing an additional 67 shares during the period. NewEdge Advisors LLC boosted its stake in Texas Roadhouse by 3.1% during the 2nd quarter. NewEdge Advisors LLC now owns 2,499 shares of the restaurant operator’s stock valued at $468,000 after purchasing an additional 76 shares in the last quarter. Wilmington Savings Fund Society FSB boosted its stake in Texas Roadhouse by 3.6% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 2,361 shares of the restaurant operator’s stock valued at $392,000 after purchasing an additional 81 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC increased its position in shares of Texas Roadhouse by 1.3% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 6,715 shares of the restaurant operator’s stock valued at $1,115,000 after purchasing an additional 85 shares during the period. 94.82% of the stock is currently owned by institutional investors.

Texas Roadhouse Price Performance

NASDAQ TXRH opened at $167.54 on Tuesday. The company has a current ratio of 0.46, a quick ratio of 0.40 and a debt-to-equity ratio of 0.03. Texas Roadhouse, Inc. has a 1 year low of $153.82 and a 1 year high of $197.00. The company has a market cap of $11.01 billion, a PE ratio of 26.76, a PEG ratio of 1.84 and a beta of 0.79. The stock’s 50-day moving average price is $168.42 and its two-hundred day moving average price is $173.61.

Texas Roadhouse (NASDAQ:TXRH) last released its earnings results on Thursday, May 7th. The restaurant operator reported $1.87 earnings per share for the quarter, topping the consensus estimate of $1.80 by $0.07. Texas Roadhouse had a net margin of 6.85% and a return on equity of 27.86%. The business had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.64 billion. During the same period last year, the firm posted $1.70 earnings per share. The firm’s quarterly revenue was up 10.5% compared to the same quarter last year. On average, analysts predict that Texas Roadhouse, Inc. will post 6.4 EPS for the current year.

Texas Roadhouse Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 2nd will be paid a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend is Tuesday, June 2nd. Texas Roadhouse’s payout ratio is 47.92%.

Analyst Ratings Changes

Several analysts have recently weighed in on TXRH shares. Stephens upped their price objective on Texas Roadhouse from $168.00 to $180.00 and gave the company an “equal weight” rating in a report on Friday, February 20th. JPMorgan Chase & Co. upped their price target on shares of Texas Roadhouse from $182.00 to $188.00 and gave the company a “neutral” rating in a report on Thursday, May 14th. BTIG Research restated a “buy” rating and set a $200.00 price objective on shares of Texas Roadhouse in a research report on Friday, February 20th. Truist Financial lowered their price objective on shares of Texas Roadhouse from $188.00 to $186.00 and set a “hold” rating on the stock in a research note on Friday, February 20th. Finally, Royal Bank Of Canada raised shares of Texas Roadhouse from a “sector perform” rating to an “outperform” rating and increased their target price for the company from $180.00 to $210.00 in a research note on Friday, May 15th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and fourteen have assigned a Hold rating to the company. According to MarketBeat, Texas Roadhouse currently has a consensus rating of “Hold” and an average price target of $196.36.

Insider Activity at Texas Roadhouse

In other news, Director Curtis Warfield sold 2,640 shares of the firm’s stock in a transaction on Monday, May 11th. The stock was sold at an average price of $183.05, for a total value of $483,252.00. Following the completion of the sale, the director owned 5,361 shares of the company’s stock, valued at $981,331.05. This trade represents a 33.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Lloyd Paul Marshall sold 1,000 shares of Texas Roadhouse stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $178.34, for a total value of $178,340.00. Following the transaction, the insider owned 10,326 shares in the company, valued at $1,841,538.84. This represents a 8.83% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 10,178 shares of company stock worth $1,794,797. Insiders own 0.50% of the company’s stock.

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.