Quantbot Technologies LP Buys 2,957 Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH)

Quantbot Technologies LP grew its position in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 120.9% in the third quarter, according to its most recent filing with the SEC. The fund owned 5,403 shares of the restaurant operator’s stock after acquiring an additional 2,957 shares during the period. Quantbot Technologies LP’s holdings in Texas Roadhouse were worth $954,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. bought a new position in Texas Roadhouse in the second quarter valued at about $25,000. Hollencrest Capital Management acquired a new position in shares of Texas Roadhouse in the second quarter valued at approximately $25,000. McClarren Financial Advisors Inc. raised its holdings in Texas Roadhouse by 4,175.0% in the 2nd quarter. McClarren Financial Advisors Inc. now owns 171 shares of the restaurant operator’s stock valued at $29,000 after buying an additional 167 shares during the last quarter. PSI Advisors LLC boosted its position in Texas Roadhouse by 70.8% during the 3rd quarter. PSI Advisors LLC now owns 181 shares of the restaurant operator’s stock worth $32,000 after buying an additional 75 shares during the period. Finally, UMB Bank n.a. boosted its position in Texas Roadhouse by 118.6% during the 3rd quarter. UMB Bank n.a. now owns 258 shares of the restaurant operator’s stock worth $46,000 after buying an additional 140 shares during the period. Institutional investors and hedge funds own 94.82% of the company’s stock.

Insider Buying and Selling at Texas Roadhouse

In other news, CTO Hernan E. Mujica sold 1,500 shares of the firm’s stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $202.26, for a total value of $303,390.00. Following the transaction, the chief technology officer now owns 16,342 shares in the company, valued at $3,305,332.92. This trade represents a 8.41 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Donna E. Epps sold 610 shares of the company’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $195.66, for a total value of $119,352.60. Following the sale, the director now owns 3,532 shares of the company’s stock, valued at $691,071.12. This trade represents a 14.73 % decrease in their position. The disclosure for this sale can be found here. 0.50% of the stock is currently owned by company insiders.

Texas Roadhouse Trading Up 0.9 %

Shares of NASDAQ TXRH opened at $205.27 on Monday. The firm has a market capitalization of $13.69 billion, a P/E ratio of 35.27, a P/E/G ratio of 1.75 and a beta of 0.98. The firm’s 50-day moving average price is $187.19 and its 200-day moving average price is $175.18. Texas Roadhouse, Inc. has a 1-year low of $110.88 and a 1-year high of $206.04.

Texas Roadhouse (NASDAQ:TXRH) last posted its quarterly earnings results on Thursday, October 24th. The restaurant operator reported $1.26 earnings per share for the quarter, missing analysts’ consensus estimates of $1.32 by ($0.06). Texas Roadhouse had a return on equity of 31.33% and a net margin of 7.65%. The firm had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.27 billion. During the same period last year, the company posted $0.95 earnings per share. The firm’s quarterly revenue was up 13.5% compared to the same quarter last year. Equities research analysts forecast that Texas Roadhouse, Inc. will post 6.39 EPS for the current year.

Texas Roadhouse Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 10th will be given a $0.61 dividend. This represents a $2.44 annualized dividend and a yield of 1.19%. The ex-dividend date of this dividend is Tuesday, December 10th. Texas Roadhouse’s payout ratio is currently 41.92%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on TXRH shares. BMO Capital Markets raised their price target on shares of Texas Roadhouse from $155.00 to $162.00 and gave the company a “market perform” rating in a research note on Friday, October 25th. UBS Group raised their target price on Texas Roadhouse from $200.00 to $210.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Robert W. Baird lifted their target price on Texas Roadhouse from $190.00 to $205.00 and gave the stock an “outperform” rating in a report on Friday, October 25th. Bank of America increased their price target on Texas Roadhouse from $206.00 to $234.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. Finally, Guggenheim lifted their price objective on Texas Roadhouse from $190.00 to $195.00 and gave the stock a “buy” rating in a research note on Wednesday, September 25th. Twelve investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, Texas Roadhouse currently has an average rating of “Hold” and a consensus target price of $189.00.

Texas Roadhouse Company 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.