Quadrature Capital Ltd Purchases Shares of 43,548 Texas Roadhouse, Inc. (NASDAQ:TXRH)

Quadrature Capital Ltd bought a new stake in Texas Roadhouse, Inc. (NASDAQ:TXRH) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 43,548 shares of the restaurant operator’s stock, valued at approximately $6,725,000.

Other hedge funds have also made changes to their positions in the company. Rise Advisors LLC bought a new stake in shares of Texas Roadhouse in the first quarter valued at about $32,000. China Universal Asset Management Co. Ltd. lifted its stake in shares of Texas Roadhouse by 454.5% in the first quarter. China Universal Asset Management Co. Ltd. now owns 244 shares of the restaurant operator’s stock valued at $38,000 after buying an additional 200 shares during the period. TFC Financial Management Inc. raised its position in Texas Roadhouse by 100.0% in the fourth quarter. TFC Financial Management Inc. now owns 580 shares of the restaurant operator’s stock worth $71,000 after purchasing an additional 290 shares in the last quarter. Fidelis Capital Partners LLC acquired a new position in Texas Roadhouse in the first quarter worth about $76,000. Finally, Benjamin F. Edwards & Company Inc. acquired a new position in Texas Roadhouse in the fourth quarter worth about $81,000. Institutional investors own 94.82% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on TXRH shares. Jefferies Financial Group increased their price target on shares of Texas Roadhouse from $120.00 to $136.00 and gave the stock a “hold” rating in a research report on Tuesday, April 16th. JPMorgan Chase & Co. increased their price target on shares of Texas Roadhouse from $145.00 to $184.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 28th. Morgan Stanley increased their price target on shares of Texas Roadhouse from $155.00 to $162.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 16th. BTIG Research increased their price target on shares of Texas Roadhouse from $175.00 to $190.00 and gave the stock a “buy” rating in a research report on Friday. Finally, Barclays increased their price target on shares of Texas Roadhouse from $138.00 to $160.00 and gave the stock an “equal weight” rating in a research report on Friday, May 3rd. Thirteen analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $168.23.

Insider Buying and Selling at Texas Roadhouse

In other Texas Roadhouse news, CEO Gerald L. Morgan sold 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 28th. The shares were sold at an average price of $171.70, for a total value of $2,575,500.00. Following the transaction, the chief executive officer now directly owns 77,847 shares of the company’s stock, valued at $13,366,329.90. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, CEO Gerald L. Morgan sold 15,000 shares of Texas Roadhouse stock in a transaction on Tuesday, May 28th. The shares were sold at an average price of $171.70, for a total transaction of $2,575,500.00. Following the transaction, the chief executive officer now directly owns 77,847 shares of the company’s stock, valued at $13,366,329.90. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CTO Hernan E. Mujica sold 3,000 shares of Texas Roadhouse stock in a transaction on Monday, May 20th. The stock was sold at an average price of $168.60, for a total transaction of $505,800.00. Following the transaction, the chief technology officer now directly owns 17,842 shares in the company, valued at $3,008,161.20. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 19,025 shares of company stock valued at $3,251,266. 0.50% of the stock is currently owned by insiders.

Texas Roadhouse Trading Up 2.0 %

Shares of Texas Roadhouse stock traded up $3.36 during midday trading on Friday, reaching $169.38. The company had a trading volume of 1,482,375 shares, compared to its average volume of 858,037. The company has a market capitalization of $11.31 billion, a price-to-earnings ratio of 34.29, a price-to-earnings-growth ratio of 1.59 and a beta of 1.01. The stock has a fifty day simple moving average of $169.75 and a 200 day simple moving average of $154.28. Texas Roadhouse, Inc. has a 1-year low of $91.06 and a 1-year high of $175.72.

Texas Roadhouse (NASDAQ:TXRH) last announced its quarterly earnings data on Thursday, July 25th. The restaurant operator reported $1.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.66 by $0.13. Texas Roadhouse had a net margin of 7.47% and a return on equity of 31.68%. The firm had revenue of $1.34 billion for the quarter, compared to analysts’ expectations of $1.34 billion. During the same period last year, the firm earned $1.22 earnings per share. The business’s revenue for the quarter was up 14.5% on a year-over-year basis. Sell-side analysts expect that Texas Roadhouse, Inc. will post 6.07 earnings per share for the current year.

Texas Roadhouse Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 25th. Shareholders of record on Wednesday, June 12th were paid a $0.61 dividend. The ex-dividend date was Wednesday, June 12th. This represents a $2.44 dividend on an annualized basis and a yield of 1.44%. Texas Roadhouse’s payout ratio is presently 49.39%.

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.