Bridge City Capital LLC Has $1.68 Million Stake in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Bridge City Capital LLC increased its holdings in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 1.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,326 shares of the restaurant operator’s stock after acquiring an additional 88 shares during the period. Bridge City Capital LLC’s holdings in Texas Roadhouse were worth $1,683,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the stock. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Texas Roadhouse during the 4th quarter worth $30,000. True Wealth Design LLC bought a new stake in Texas Roadhouse during the third quarter valued at $30,000. SBI Securities Co. Ltd. bought a new position in shares of Texas Roadhouse in the fourth quarter worth approximately $36,000. MassMutual Private Wealth & Trust FSB raised its position in shares of Texas Roadhouse by 32.2% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 267 shares of the restaurant operator’s stock valued at $48,000 after buying an additional 65 shares in the last quarter. Finally, First Horizon Advisors Inc. lifted its position in Texas Roadhouse by 158.1% in the 3rd quarter. First Horizon Advisors Inc. now owns 302 shares of the restaurant operator’s stock worth $53,000 after buying an additional 185 shares during the last quarter. Institutional investors own 94.82% of the company’s stock.

Texas Roadhouse Trading Down 0.5 %

Texas Roadhouse stock opened at $169.88 on Friday. Texas Roadhouse, Inc. has a 12 month low of $146.75 and a 12 month high of $206.04. The stock has a fifty day simple moving average of $176.79 and a two-hundred day simple moving average of $181.24. The firm has a market cap of $11.29 billion, a price-to-earnings ratio of 26.26, a PEG ratio of 1.23 and a beta of 1.00.

Texas Roadhouse (NASDAQ:TXRH) last issued its earnings results on Thursday, February 20th. The restaurant operator reported $1.73 earnings per share for the quarter, topping analysts’ consensus estimates of $1.66 by $0.07. The business had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.41 billion. Texas Roadhouse had a return on equity of 34.02% and a net margin of 8.07%. On average, equities research analysts forecast that Texas Roadhouse, Inc. will post 7.23 EPS for the current fiscal year.

Texas Roadhouse Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Tuesday, March 18th will be given a dividend of $0.68 per share. This is an increase from Texas Roadhouse’s previous quarterly dividend of $0.61. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $2.72 dividend on an annualized basis and a yield of 1.60%. Texas Roadhouse’s dividend payout ratio is 42.04%.

Insider Buying and Selling

In other Texas Roadhouse news, insider Christopher C. Colson sold 1,370 shares of the business’s stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $179.46, for a total transaction of $245,860.20. Following the completion of the sale, the insider now directly owns 10,000 shares in the company, valued at $1,794,600. The trade was a 12.05 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Gregory N. Moore sold 2,700 shares of the company’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $168.26, for a total transaction of $454,302.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 17,905 shares of company stock worth $3,198,367. 0.50% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. JPMorgan Chase & Co. lowered their price target on shares of Texas Roadhouse from $185.00 to $184.00 and set a “neutral” rating for the company in a report on Thursday. Barclays decreased their price objective on shares of Texas Roadhouse from $194.00 to $178.00 and set an “equal weight” rating for the company in a report on Friday, February 21st. Gordon Haskett lowered shares of Texas Roadhouse from a “buy” rating to a “hold” rating and set a $192.00 target price on the stock. in a research note on Wednesday, January 8th. Citigroup increased their price target on shares of Texas Roadhouse from $212.00 to $213.00 and gave the stock a “buy” rating in a research note on Friday, February 21st. Finally, Royal Bank of Canada cut their price objective on Texas Roadhouse from $200.00 to $180.00 and set a “sector perform” rating on the stock in a research report on Friday, February 21st. Eleven equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $192.91.

Texas Roadhouse 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.