7,810 Shares in Texas Roadhouse Inc (NASDAQ:TXRH) Acquired by Dynamic Technology Lab Private Ltd

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Dynamic Technology Lab Private Ltd purchased a new position in shares of Texas Roadhouse Inc (NASDAQ:TXRH) in the 1st quarter, HoldingsChannel reports. The firm purchased 7,810 shares of the restaurant operator’s stock, valued at approximately $486,000.

A number of other hedge funds also recently modified their holdings of TXRH. Vanguard Group Inc increased its holdings in shares of Texas Roadhouse by 4.9% in the third quarter. Vanguard Group Inc now owns 6,042,344 shares of the restaurant operator’s stock worth $418,675,000 after purchasing an additional 284,604 shares during the last quarter. Bank of Montreal Can increased its holdings in shares of Texas Roadhouse by 8.7% in the fourth quarter. Bank of Montreal Can now owns 2,100 shares of the restaurant operator’s stock worth $126,000 after purchasing an additional 168 shares during the last quarter. Advisors Asset Management Inc. increased its holdings in shares of Texas Roadhouse by 383.6% in the fourth quarter. Advisors Asset Management Inc. now owns 2,858 shares of the restaurant operator’s stock worth $171,000 after purchasing an additional 2,267 shares during the last quarter. Rhumbline Advisers increased its holdings in shares of Texas Roadhouse by 53.2% in the fourth quarter. Rhumbline Advisers now owns 228,960 shares of the restaurant operator’s stock worth $13,669,000 after purchasing an additional 79,495 shares during the last quarter. Finally, SG Americas Securities LLC increased its holdings in shares of Texas Roadhouse by 97.2% in the fourth quarter. SG Americas Securities LLC now owns 31,280 shares of the restaurant operator’s stock worth $1,867,000 after purchasing an additional 15,419 shares during the last quarter. 88.08% of the stock is owned by hedge funds and other institutional investors.

In other Texas Roadhouse news, Director James R. Zarley bought 18,900 shares of the company’s stock in a transaction on Wednesday, May 1st. The stock was acquired at an average price of $52.51 per share, for a total transaction of $992,439.00. Following the completion of the transaction, the director now directly owns 113,100 shares of the company’s stock, valued at $5,938,881. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, COO Douglas W. Thompson sold 6,000 shares of the business’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $59.07, for a total value of $354,420.00. Following the transaction, the chief operating officer now owns 45,530 shares of the company’s stock, valued at approximately $2,689,457.10. The disclosure for this sale can be found here. 5.89% of the stock is owned by insiders.

Several research firms recently commented on TXRH. Maxim Group dropped their price target on Texas Roadhouse from $66.00 to $60.00 and set a “hold” rating for the company in a research report on Tuesday, April 30th. Longbow Research upgraded Texas Roadhouse from a “neutral” rating to a “buy” rating and set a $65.00 price target for the company in a research report on Tuesday, May 7th. Robert W. Baird upgraded Texas Roadhouse from a “neutral” rating to an “outperform” rating and lifted their price target for the stock from $61.00 to $65.00 in a research report on Monday, May 13th. BTIG Research upgraded Texas Roadhouse from a “neutral” rating to a “buy” rating and set a $64.00 price target for the company in a research report on Friday, May 17th. Finally, Evercore ISI began coverage on Texas Roadhouse in a research report on Tuesday. They issued an “in-line” rating and a $55.00 price target for the company. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and nine have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $63.40.

Shares of NASDAQ:TXRH opened at $53.79 on Thursday. Texas Roadhouse Inc has a 1 year low of $50.84 and a 1 year high of $75.24. The company has a market cap of $3.99 billion, a price-to-earnings ratio of 24.45, a price-to-earnings-growth ratio of 2.15 and a beta of 0.61. The company has a quick ratio of 0.84, a current ratio of 0.89 and a debt-to-equity ratio of 0.51.

Texas Roadhouse (NASDAQ:TXRH) last announced its earnings results on Monday, April 29th. The restaurant operator reported $0.70 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.82 by ($0.12). Texas Roadhouse had a net margin of 6.11% and a return on equity of 16.17%. The business had revenue of $690.61 million for the quarter, compared to analysts’ expectations of $693.76 million. During the same quarter last year, the firm earned $0.76 EPS. The firm’s quarterly revenue was up 10.0% on a year-over-year basis. Analysts anticipate that Texas Roadhouse Inc will post 2.29 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Wednesday, June 12th will be given a dividend of $0.30 per share. The ex-dividend date is Tuesday, June 11th. This represents a $1.20 annualized dividend and a dividend yield of 2.23%. Texas Roadhouse’s dividend payout ratio (DPR) is presently 54.55%.

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Texas Roadhouse Company Profile

Texas Roadhouse, Inc, together with its subsidiaries, operates casual dining restaurants in the United States and internationally. The company operates and franchises Texas Roadhouse and Bubba's 33 restaurants. As of April 29, 2019, it owned and operated approximately 590 restaurants. Texas Roadhouse, Inc was founded in 1993 and is based in Louisville, Kentucky.

Further Reading: SEC Filing

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Institutional Ownership by Quarter for Texas Roadhouse (NASDAQ:TXRH)

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