Y Intercept Hong Kong Ltd Has $4.53 Million Stock Position in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Y Intercept Hong Kong Ltd raised its holdings in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 38.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 25,083 shares of the restaurant operator’s stock after purchasing an additional 6,998 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Texas Roadhouse were worth $4,526,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. True Wealth Design LLC bought a new stake in Texas Roadhouse during the 3rd quarter worth approximately $30,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in Texas Roadhouse during the 4th quarter worth approximately $30,000. MassMutual Private Wealth & Trust FSB increased its stake in Texas Roadhouse by 32.2% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 267 shares of the restaurant operator’s stock worth $48,000 after purchasing an additional 65 shares in the last quarter. First Horizon Advisors Inc. increased its stake in Texas Roadhouse by 158.1% during the 3rd quarter. First Horizon Advisors Inc. now owns 302 shares of the restaurant operator’s stock worth $53,000 after purchasing an additional 185 shares in the last quarter. Finally, VisionPoint Advisory Group LLC bought a new stake in Texas Roadhouse during the 4th quarter worth approximately $64,000. 94.82% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Texas Roadhouse

In other Texas Roadhouse news, insider Christopher C. Colson sold 1,370 shares of Texas Roadhouse stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $179.46, for a total value 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 transaction was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 0.50% of the company’s stock.

Texas Roadhouse Stock Performance

Shares of NASDAQ TXRH opened at $169.13 on Monday. Texas Roadhouse, Inc. has a 52 week low of $146.51 and a 52 week high of $206.04. The stock has a market capitalization of $11.28 billion, a P/E ratio of 26.14, a PEG ratio of 1.23 and a beta of 1.02. The stock’s fifty day moving average is $179.22 and its 200 day moving average is $180.28.

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

Texas Roadhouse Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 18th will be given a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a yield of 1.61%. The ex-dividend date of this dividend is Tuesday, March 18th. This is a boost from Texas Roadhouse’s previous quarterly dividend of $0.61. Texas Roadhouse’s payout ratio is currently 42.04%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Wedbush lowered their target price on Texas Roadhouse from $220.00 to $200.00 and set an “outperform” rating for the company in a research note on Friday. Barclays reduced their price target on Texas Roadhouse from $194.00 to $178.00 and set an “equal weight” rating for the company in a research report on Friday. Gordon Haskett downgraded Texas Roadhouse from a “buy” rating to a “hold” rating and set a $192.00 price target for the company. in a research report on Wednesday, January 8th. Stifel Nicolaus reduced their price target on Texas Roadhouse from $185.00 to $172.00 and set a “hold” rating for the company in a research report on Friday. Finally, Morgan Stanley raised Texas Roadhouse from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $205.00 to $213.00 in a research report on Tuesday, January 21st. Eleven investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $192.50.

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.