Arrowstreet Capital Limited Partnership Has $147.87 Million Stock Holdings in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Arrowstreet Capital Limited Partnership increased its stake in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 29.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 819,522 shares of the restaurant operator’s stock after buying an additional 184,250 shares during the period. Arrowstreet Capital Limited Partnership’s holdings in Texas Roadhouse were worth $147,866,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in TXRH. Cornerstone Investment Partners LLC lifted its position in shares of Texas Roadhouse by 2.7% during the fourth quarter. Cornerstone Investment Partners LLC now owns 2,159 shares of the restaurant operator’s stock worth $390,000 after purchasing an additional 56 shares in the last quarter. Lifestyle Asset Management Inc. raised its position in Texas Roadhouse by 3.9% in the 4th quarter. Lifestyle Asset Management Inc. now owns 1,603 shares of the restaurant operator’s stock worth $289,000 after purchasing an additional 60 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its holdings 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 buying an additional 65 shares in the last quarter. Central Pacific Bank Trust Division boosted its position in Texas Roadhouse by 9.1% in the 4th quarter. Central Pacific Bank Trust Division now owns 960 shares of the restaurant operator’s stock valued at $173,000 after buying an additional 80 shares during the last quarter. Finally, Bridge City Capital LLC increased its stake in shares of Texas Roadhouse by 1.0% in the 4th quarter. Bridge City Capital LLC now owns 9,326 shares of the restaurant operator’s stock valued at $1,683,000 after buying an additional 88 shares during the period. Institutional investors own 94.82% of the company’s stock.

Texas Roadhouse Stock Down 2.1 %

Shares of TXRH stock opened at $171.05 on Monday. Texas Roadhouse, Inc. has a 12-month low of $146.75 and a 12-month high of $206.04. The firm has a fifty day moving average of $176.36 and a 200-day moving average of $181.78. The company has a market capitalization of $11.37 billion, a price-to-earnings ratio of 26.44, a P/E/G ratio of 1.23 and a beta of 1.00.

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

Texas Roadhouse Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Investors 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 1.59%. The ex-dividend date is Tuesday, March 18th. This is a positive change from Texas Roadhouse’s previous quarterly dividend of $0.61. Texas Roadhouse’s dividend payout ratio (DPR) is currently 42.04%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on TXRH shares. Morgan Stanley raised Texas Roadhouse from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $205.00 to $213.00 in a research note on Tuesday, January 21st. Truist Financial cut their target price on shares of Texas Roadhouse from $209.00 to $205.00 and set a “buy” rating on the stock in a research report on Friday, February 21st. Guggenheim dropped their price target on shares of Texas Roadhouse from $205.00 to $200.00 and set a “buy” rating for the company in a research note on Thursday, February 27th. Stephens cut their price objective on shares of Texas Roadhouse from $186.00 to $180.00 and set an “equal weight” rating on the stock in a report on Friday, February 21st. Finally, Gordon Haskett lowered shares of Texas Roadhouse from a “buy” rating to a “hold” rating and set a $192.00 target price for the company. in a report on Wednesday, January 8th. Eleven investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, Texas Roadhouse presently has an average rating of “Moderate Buy” and a consensus target price of $193.36.

Insider Buying and Selling at Texas Roadhouse

In other news, Director Curtis Warfield sold 3,281 shares of Texas Roadhouse stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $183.67, for a total value of $602,621.27. Following the sale, the director now directly owns 6,801 shares in the company, valued at $1,249,139.67. This trade represents a 32.54 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Gregory N. Moore sold 2,700 shares of the stock in a transaction on Monday, February 24th. The stock was 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. In the last quarter, insiders have sold 17,905 shares of company stock worth $3,198,367. Corporate insiders own 0.50% of the company’s stock.

About Texas Roadhouse

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.