Dynamic Technology Lab Private Ltd Has $2.12 Million Position in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Dynamic Technology Lab Private Ltd grew its position in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 12.7% during the fourth quarter, HoldingsChannel.com reports. The firm owned 11,771 shares of the restaurant operator’s stock after purchasing an additional 1,323 shares during the period. Texas Roadhouse makes up approximately 0.3% of Dynamic Technology Lab Private Ltd’s portfolio, making the stock its 28th biggest holding. Dynamic Technology Lab Private Ltd’s holdings in Texas Roadhouse were worth $2,124,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the company. Savoir Faire Capital Management L.P. raised its holdings in Texas Roadhouse by 43.0% in the 4th quarter. Savoir Faire Capital Management L.P. now owns 25,093 shares of the restaurant operator’s stock valued at $4,528,000 after buying an additional 7,547 shares during the last quarter. ExodusPoint Capital Management LP bought a new position in shares of Texas Roadhouse during the fourth quarter valued at $17,762,000. Bryce Point Capital LLC acquired a new position in shares of Texas Roadhouse during the fourth quarter worth $472,000. Huntington National Bank grew its stake in shares of Texas Roadhouse by 51.6% in the fourth quarter. Huntington National Bank now owns 858 shares of the restaurant operator’s stock worth $155,000 after purchasing an additional 292 shares during the last quarter. Finally, Kesler Norman & Wride LLC increased its holdings in Texas Roadhouse by 40.1% in the fourth quarter. Kesler Norman & Wride LLC now owns 4,071 shares of the restaurant operator’s stock valued at $735,000 after purchasing an additional 1,166 shares during the period. 94.82% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CTO Hernan E. Mujica sold 2,050 shares of the company’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $170.66, for a total value of $349,853.00. Following the completion of the transaction, the chief technology officer now directly owns 17,162 shares of the company’s stock, valued at $2,928,866.92. This represents a 10.67 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, President Regina A. Tobin sold 3,154 shares of Texas Roadhouse stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $185.64, for a total value of $585,508.56. Following the sale, the president now owns 18,414 shares in the company, valued at $3,418,374.96. This trade represents a 14.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 17,905 shares of company stock worth $3,198,367. 0.50% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages have commented on TXRH. Stephens cut their target price on Texas Roadhouse from $186.00 to $180.00 and set an “equal weight” rating on the stock in a report on Friday, February 21st. Truist Financial reduced their target price on Texas Roadhouse from $209.00 to $205.00 and set a “buy” rating on the stock in a report on Friday, February 21st. 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, March 20th. Gordon Haskett lowered shares of Texas Roadhouse from a “buy” rating to a “hold” rating and set a $192.00 price objective on the stock. in a research note on Wednesday, January 8th. Finally, Wedbush increased their price objective on shares of Texas Roadhouse from $200.00 to $210.00 and gave the stock an “outperform” rating in a research report on Friday, March 28th. Eleven investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $193.36.

Texas Roadhouse Stock Performance

Shares of TXRH opened at $159.86 on Friday. The firm has a market capitalization of $10.62 billion, a P/E ratio of 24.71, a P/E/G ratio of 1.23 and a beta of 1.00. Texas Roadhouse, Inc. has a 52 week low of $146.75 and a 52 week high of $206.04. The stock has a 50 day moving average price of $175.08 and a two-hundred day moving average price of $181.66.

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

Texas Roadhouse Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Tuesday, March 18th were given a dividend of $0.68 per share. This is a positive change from Texas Roadhouse’s previous quarterly dividend of $0.61. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.70%. The ex-dividend date was Tuesday, March 18th. Texas Roadhouse’s dividend payout ratio (DPR) is presently 42.04%.

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.