Centiva Capital LP Raises Holdings in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Centiva Capital LP lifted its holdings in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 108.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,338 shares of the restaurant operator’s stock after purchasing an additional 7,472 shares during the quarter. Centiva Capital LP’s holdings in Texas Roadhouse were worth $2,587,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Bridgefront Capital LLC boosted its holdings in Texas Roadhouse by 42.2% in the fourth quarter. Bridgefront Capital LLC now owns 8,360 shares of the restaurant operator’s stock worth $1,508,000 after purchasing an additional 2,483 shares during the last quarter. Captrust Financial Advisors boosted its stake in shares of Texas Roadhouse by 1.2% in the 4th quarter. Captrust Financial Advisors now owns 15,917 shares of the restaurant operator’s stock worth $2,872,000 after buying an additional 190 shares during the last quarter. Benjamin Edwards Inc. purchased a new stake in Texas Roadhouse during the fourth quarter valued at $210,000. BNP Paribas Financial Markets increased its position in Texas Roadhouse by 77.6% during the fourth quarter. BNP Paribas Financial Markets now owns 90,914 shares of the restaurant operator’s stock valued at $16,404,000 after acquiring an additional 39,733 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its holdings in Texas Roadhouse by 4.5% in the fourth quarter. Ameriprise Financial Inc. now owns 541,204 shares of the restaurant operator’s stock valued at $97,649,000 after acquiring an additional 23,157 shares during the period. 94.82% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, insider Christopher C. Colson sold 580 shares of the business’s stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $181.94, for a total value of $105,525.20. Following the sale, the insider now directly owns 12,000 shares in the company, valued at $2,183,280. The trade was a 4.61 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CTO Hernan E. Mujica sold 2,050 shares of the stock in a transaction dated Monday, February 24th. The shares were 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. The trade was a 10.67 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 16,535 shares of company stock worth $2,952,507. Insiders own 0.50% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on TXRH shares. Royal Bank of Canada lowered their price objective on shares of Texas Roadhouse from $200.00 to $180.00 and set a “sector perform” rating on the stock in a research note on Friday, February 21st. Truist Financial decreased their price target on shares of Texas Roadhouse from $209.00 to $205.00 and set a “buy” rating on the stock in a research report on Friday, February 21st. Stephens dropped their price target on shares of Texas Roadhouse from $186.00 to $180.00 and set an “equal weight” rating on the stock in a research note on Friday, February 21st. Wells Fargo & Company reduced their price objective on Texas Roadhouse from $175.00 to $170.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 22nd. Finally, UBS Group lowered their target price on Texas Roadhouse from $210.00 to $200.00 and set a “buy” rating on the stock in a research report on Monday. Ten research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, Texas Roadhouse presently has an average rating of “Moderate Buy” and a consensus price target of $191.81.

Texas Roadhouse Stock Up 0.1 %

TXRH opened at $171.25 on Wednesday. The company has a market capitalization of $11.38 billion, a PE ratio of 26.47, a price-to-earnings-growth ratio of 1.23 and a beta of 0.87. The firm has a 50-day simple moving average of $168.76 and a two-hundred day simple moving average of $179.51. 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 results on Thursday, February 20th. The restaurant operator reported $1.73 EPS for the quarter, beating analysts’ consensus estimates of $1.66 by $0.07. Texas Roadhouse had a return on equity of 34.02% and a net margin of 8.07%. The company had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.41 billion. As a group, sell-side analysts expect that Texas Roadhouse, Inc. will post 7.23 earnings per share for the current year.

Texas Roadhouse Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Tuesday, March 18th were issued a $0.68 dividend. The ex-dividend date of this dividend was Tuesday, March 18th. This is a positive change from Texas Roadhouse’s previous quarterly dividend of $0.61. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.59%. Texas Roadhouse’s dividend payout ratio (DPR) is 42.04%.

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.