Merit Financial Group LLC purchased a new position in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH – Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 2,118 shares of the restaurant operator’s stock, valued at approximately $382,000.
A number of other large investors also recently modified their holdings of TXRH. Hantz Financial Services Inc. increased its holdings in Texas Roadhouse by 8,594.4% in the third quarter. Hantz Financial Services Inc. now owns 3,130 shares of the restaurant operator’s stock valued at $553,000 after buying an additional 3,094 shares during the last quarter. Massachusetts Financial Services Co. MA acquired a new position in shares of Texas Roadhouse during the 3rd quarter worth about $17,853,000. Victory Capital Management Inc. increased its holdings in shares of Texas Roadhouse by 194.9% in the 3rd quarter. Victory Capital Management Inc. now owns 67,733 shares of the restaurant operator’s stock valued at $11,962,000 after acquiring an additional 44,768 shares during the last quarter. Thrivent Financial for Lutherans raised its position in shares of Texas Roadhouse by 0.9% during the 3rd quarter. Thrivent Financial for Lutherans now owns 483,045 shares of the restaurant operator’s stock worth $85,306,000 after acquiring an additional 4,391 shares in the last quarter. Finally, First Hawaiian Bank purchased a new stake in Texas Roadhouse during the fourth quarter worth approximately $1,554,000. 94.82% of the stock is owned by hedge funds and other institutional investors.
Insider Activity
In other Texas Roadhouse news, Director Donna E. Epps sold 610 shares of the stock in a transaction on Monday, November 11th. The stock was sold at an average price of $195.66, for a total transaction of $119,352.60. Following the transaction, the director now owns 3,532 shares of the company’s stock, valued at $691,071.12. This represents a 14.73 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CTO Hernan E. Mujica sold 1,500 shares of the firm’s stock in a transaction 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 sale, 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 position. The disclosure for this sale can be found here. Insiders have sold 3,480 shares of company stock worth $668,603 over the last ninety days. 0.50% of the stock is currently owned by insiders.
Analyst Ratings Changes
View Our Latest Research Report on TXRH
Texas Roadhouse Trading Down 0.3 %
TXRH stock opened at $178.55 on Friday. The company has a market cap of $11.91 billion, a price-to-earnings ratio of 30.68, a PEG ratio of 1.36 and a beta of 1.01. Texas Roadhouse, Inc. has a 12-month low of $122.16 and a 12-month high of $206.04. The firm has a 50 day moving average of $187.28 and a 200-day moving average of $179.14.
Texas Roadhouse (NASDAQ:TXRH – Get Free Report) last released its quarterly earnings data on Thursday, October 24th. The restaurant operator reported $1.26 EPS for the quarter, missing the consensus estimate of $1.32 by ($0.06). Texas Roadhouse had a return on equity of 31.33% and a net margin of 7.65%. The business had revenue of $1.27 billion during the quarter, compared to analysts’ expectations of $1.27 billion. During the same quarter in the prior year, the firm earned $0.95 earnings per share. Texas Roadhouse’s quarterly revenue was up 13.5% on a year-over-year basis. Sell-side analysts forecast that Texas Roadhouse, Inc. will post 6.4 earnings per share for the current fiscal year.
Texas Roadhouse Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 10th were issued a $0.61 dividend. This represents a $2.44 annualized dividend and a dividend yield of 1.37%. The ex-dividend date was Tuesday, December 10th. Texas Roadhouse’s dividend payout ratio (DPR) is presently 41.92%.
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.
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