Red Spruce Capital LLC Purchases 586 Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH)

Red Spruce Capital LLC boosted its holdings in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 2.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 20,971 shares of the restaurant operator’s stock after purchasing an additional 586 shares during the period. Texas Roadhouse comprises approximately 1.7% of Red Spruce Capital LLC’s investment portfolio, making the stock its 18th biggest position. Red Spruce Capital LLC’s holdings in Texas Roadhouse were worth $3,784,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of TXRH. State Street Corp raised its position in Texas Roadhouse by 2.0% in the third quarter. State Street Corp now owns 1,982,848 shares of the restaurant operator’s stock valued at $350,171,000 after purchasing an additional 38,723 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Texas Roadhouse by 1.5% during the third quarter. Geode Capital Management LLC now owns 1,201,641 shares of the restaurant operator’s stock valued at $212,261,000 after acquiring an additional 18,126 shares during the last quarter. Barclays PLC grew its stake in shares of Texas Roadhouse by 14.4% in the third quarter. Barclays PLC now owns 1,180,842 shares of the restaurant operator’s stock worth $208,539,000 after purchasing an additional 148,462 shares during the last quarter. Geneva Capital Management LLC lifted its holdings in Texas Roadhouse by 0.4% during the 3rd quarter. Geneva Capital Management LLC now owns 922,405 shares of the restaurant operator’s stock worth $162,897,000 after buying an additional 3,584 shares during the period. Finally, AQR Capital Management LLC increased its stake in shares of Texas Roadhouse by 22.3% in the second quarter. AQR Capital Management LLC now owns 909,847 shares of the restaurant operator’s stock valued at $156,230,000 after buying an additional 165,738 shares during the period. 94.82% of the stock is owned by institutional investors and hedge funds.

Texas Roadhouse Trading Up 1.7 %

Shares of TXRH stock opened at $182.04 on Wednesday. Texas Roadhouse, Inc. has a 12 month low of $119.52 and a 12 month high of $206.04. The stock has a market capitalization of $12.14 billion, a P/E ratio of 31.28, a PEG ratio of 1.35 and a beta of 1.01. The firm’s 50 day moving average is $188.75 and its 200 day moving average is $179.00.

Texas Roadhouse (NASDAQ:TXRH) last posted its quarterly earnings results on Thursday, October 24th. The restaurant operator reported $1.26 EPS 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 company had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.27 billion. During the same period in the previous year, the business earned $0.95 earnings per share. Texas Roadhouse’s revenue was up 13.5% on a year-over-year basis. On average, equities analysts predict that Texas Roadhouse, Inc. will post 6.4 EPS for the current year.

Texas Roadhouse Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 10th were given a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a dividend yield of 1.34%. The ex-dividend date was Tuesday, December 10th. Texas Roadhouse’s dividend payout ratio is presently 41.92%.

Insider Activity

In related news, CTO Hernan E. Mujica sold 1,500 shares of the firm’s stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $202.26, for a total transaction of $303,390.00. Following the transaction, the chief technology officer now directly owns 16,342 shares of the company’s stock, valued at approximately $3,305,332.92. This trade represents a 8.41 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Christopher C. Colson sold 1,370 shares of the stock in a transaction that occurred on Friday, January 10th. The shares were sold at an average price of $179.46, for a total transaction of $245,860.20. Following the transaction, the insider now owns 10,000 shares in the company, valued at $1,794,600. The trade was a 12.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 3,480 shares of company stock worth $668,603. 0.50% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of brokerages have weighed in on TXRH. Robert W. Baird increased their price target on Texas Roadhouse from $190.00 to $205.00 and gave the stock an “outperform” rating in a report on Friday, October 25th. Loop Capital decreased their price target on shares of Texas Roadhouse from $215.00 to $209.00 and set a “buy” rating for the company in a research note on Monday, October 28th. UBS Group lifted their price objective on shares of Texas Roadhouse from $200.00 to $210.00 and gave the company a “buy” rating in a report on Friday, October 25th. Barclays upped their target price on shares of Texas Roadhouse from $160.00 to $175.00 and gave the stock an “equal weight” rating in a report on Friday, October 25th. Finally, Gordon Haskett lowered Texas Roadhouse from a “buy” rating to a “hold” rating and set a $192.00 price objective for the company. in a report on Wednesday, January 8th. Thirteen research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $191.26.

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.