Stevens Capital Management LP Purchases Shares of 4,491 Texas Roadhouse, Inc. (NASDAQ:TXRH)

Stevens Capital Management LP purchased a new stake in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 4,491 shares of the restaurant operator’s stock, valued at approximately $549,000.

A number of other hedge funds have also bought and sold shares of the stock. Comerica Bank purchased a new position in Texas Roadhouse during the third quarter valued at $10,585,000. Bamco Inc. NY increased its position in Texas Roadhouse by 16.9% during the third quarter. Bamco Inc. NY now owns 296,213 shares of the restaurant operator’s stock worth $28,466,000 after purchasing an additional 42,755 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in Texas Roadhouse by 1.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 754,658 shares of the restaurant operator’s stock worth $72,523,000 after purchasing an additional 8,219 shares during the last quarter. Assenagon Asset Management S.A. acquired a new stake in Texas Roadhouse during the third quarter worth about $8,748,000. Finally, Boston Trust Walden Corp increased its position in Texas Roadhouse by 12.9% during the fourth quarter. Boston Trust Walden Corp now owns 777,202 shares of the restaurant operator’s stock worth $94,997,000 after purchasing an additional 89,019 shares during the last quarter. Institutional investors and hedge funds own 94.82% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Wells Fargo & Company lifted their price target on shares of Texas Roadhouse from $125.00 to $140.00 and gave the company an “equal weight” rating in a research report on Friday, February 16th. Northcoast Research lowered shares of Texas Roadhouse from a “buy” rating to a “neutral” rating in a research note on Tuesday, February 20th. Robert W. Baird raised shares of Texas Roadhouse from a “neutral” rating to an “outperform” rating and raised their price objective for the company from $160.00 to $175.00 in a research note on Wednesday, March 13th. BMO Capital Markets lifted their price target on shares of Texas Roadhouse from $110.00 to $130.00 and gave the stock a “market perform” rating in a research note on Friday, February 16th. Finally, Stephens started coverage on shares of Texas Roadhouse in a report on Friday, April 12th. They set an “equal weight” rating and a $150.00 price objective on the stock. Eleven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $138.76.

Texas Roadhouse Stock Up 0.1 %

Shares of Texas Roadhouse stock traded up $0.11 on Thursday, hitting $156.87. 839,331 shares of the company’s stock traded hands, compared to its average volume of 790,805. The stock has a market cap of $10.48 billion, a P/E ratio of 34.60, a PEG ratio of 1.70 and a beta of 0.99. The firm’s 50-day moving average is $150.64 and its 200 day moving average is $126.62. Texas Roadhouse, Inc. has a 52-week low of $91.06 and a 52-week high of $159.31.

Texas Roadhouse (NASDAQ:TXRH) last announced its quarterly earnings data on Thursday, February 15th. The restaurant operator reported $1.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.07 by $0.01. Texas Roadhouse had a return on equity of 27.43% and a net margin of 6.58%. The firm had revenue of $1.16 billion for the quarter, compared to analysts’ expectations of $1.16 billion. During the same period last year, the business posted $0.89 earnings per share. The firm’s revenue for the quarter was up 15.3% on a year-over-year basis. Equities research analysts forecast that Texas Roadhouse, Inc. will post 5.77 EPS for the current year.

Texas Roadhouse Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 26th. Investors of record on Wednesday, March 13th were paid a dividend of $0.61 per share. The ex-dividend date of this dividend was Tuesday, March 12th. This is a boost from Texas Roadhouse’s previous quarterly dividend of $0.55. This represents a $2.44 annualized dividend and a yield of 1.56%. Texas Roadhouse’s dividend payout ratio (DPR) is 53.86%.

Insider Buying and Selling

In related news, CEO Gerald L. Morgan sold 5,000 shares of the firm’s stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $147.90, for a total transaction of $739,500.00. Following the transaction, the chief executive officer now directly owns 92,847 shares in the company, valued at $13,732,071.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Curtis Warfield sold 2,365 shares of the firm’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $148.68, for a total transaction of $351,628.20. Following the transaction, the director now directly owns 13,397 shares of the company’s stock, valued at $1,991,865.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Gerald L. Morgan sold 5,000 shares of the firm’s stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $147.90, for a total value of $739,500.00. Following the transaction, the chief executive officer now directly owns 92,847 shares in the company, valued at $13,732,071.30. The disclosure for this sale can be found here. Insiders have sold 12,382 shares of company stock worth $1,843,145 over the last ninety days. 0.50% of the stock is 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.