Koch Industries Inc. purchased a new stake in Texas Roadhouse Inc (NASDAQ:TXRH) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 6,458 shares of the restaurant operator’s stock, valued at approximately $340,000.
A number of other hedge funds also recently bought and sold shares of the business. MML Investors Services LLC bought a new position in Texas Roadhouse in the fourth quarter valued at approximately $206,000. Amundi Pioneer Asset Management Inc. bought a new position in Texas Roadhouse in the fourth quarter valued at approximately $8,666,000. Alliancebernstein L.P. grew its stake in Texas Roadhouse by 41.5% in the fourth quarter. Alliancebernstein L.P. now owns 222,630 shares of the restaurant operator’s stock valued at $11,728,000 after purchasing an additional 65,260 shares in the last quarter. Kennedy Capital Management Inc. grew its stake in Texas Roadhouse by 2.8% in the fourth quarter. Kennedy Capital Management Inc. now owns 135,485 shares of the restaurant operator’s stock valued at $7,137,000 after purchasing an additional 3,699 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of Texas Roadhouse by 1.4% during the 4th quarter. Geode Capital Management LLC now owns 590,462 shares of the restaurant operator’s stock worth $31,105,000 after acquiring an additional 8,303 shares during the period. Hedge funds and other institutional investors own 87.72% of the company’s stock.
TXRH has been the subject of several research analyst reports. Jefferies Group upgraded Texas Roadhouse from an “underperform” rating to a “hold” rating and lifted their target price for the stock from $41.00 to $50.00 in a research note on Saturday, December 30th. Zacks Investment Research downgraded Texas Roadhouse from a “hold” rating to a “sell” rating in a research note on Saturday, January 6th. Barclays reiterated an “overweight” rating and set a $62.00 target price (up from $55.00) on shares of Texas Roadhouse in a research note on Tuesday, January 16th. Telsey Advisory Group lifted their target price on Texas Roadhouse from $54.00 to $58.00 and gave the stock a “market perform” rating in a research note on Thursday, December 21st. Finally, Royal Bank of Canada reiterated a “hold” rating and set a $58.00 target price on shares of Texas Roadhouse in a research note on Friday, February 23rd. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and nine have issued a buy rating to the stock. Texas Roadhouse currently has an average rating of “Hold” and a consensus price target of $58.45.
Texas Roadhouse (NASDAQ:TXRH) last released its quarterly earnings results on Tuesday, February 20th. The restaurant operator reported $0.40 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.37 by $0.03. The business had revenue of $545.10 million during the quarter, compared to analysts’ expectations of $545.24 million. Texas Roadhouse had a return on equity of 17.20% and a net margin of 5.93%. The firm’s revenue for the quarter was up 12.5% compared to the same quarter last year. During the same period last year, the firm posted $0.29 EPS. analysts predict that Texas Roadhouse Inc will post 2.36 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 29th. Investors of record on Wednesday, March 14th will be issued a dividend of $0.25 per share. This is a boost from Texas Roadhouse’s previous quarterly dividend of $0.21. This represents a $1.00 annualized dividend and a yield of 1.69%. The ex-dividend date is Tuesday, March 13th. Texas Roadhouse’s dividend payout ratio (DPR) is presently 45.65%.
In other Texas Roadhouse news, CFO Scott Matthew Colosi sold 22,403 shares of Texas Roadhouse stock in a transaction on Tuesday, January 9th. The stock was sold at an average price of $56.43, for a total value of $1,264,201.29. Following the completion of the transaction, the chief financial officer now directly owns 96,971 shares of the company’s stock, valued at approximately $5,472,073.53. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CMO S. Chris Jacobsen sold 1,134 shares of Texas Roadhouse stock in a transaction on Friday, January 26th. The shares were sold at an average price of $60.00, for a total value of $68,040.00. Following the completion of the transaction, the chief marketing officer now directly owns 16,899 shares of the company’s stock, valued at $1,013,940. The disclosure for this sale can be found here. Over the last three months, insiders have sold 56,418 shares of company stock valued at $3,219,565. 6.60% of the stock is currently owned by insiders.
ILLEGAL ACTIVITY WARNING: This story was published by Markets Daily and is the property of of Markets Daily. If you are accessing this story on another site, it was copied illegally and republished in violation of international trademark and copyright law. The original version of this story can be viewed at https://www.themarketsdaily.com/2018/03/13/koch-industries-inc-purchases-new-position-in-texas-roadhouse-inc-txrh.html.
Texas Roadhouse Company Profile
Texas Roadhouse, Inc is a restaurant company, which operates in the casual dining segment. The Company offers an assortment of seasoned and aged steaks, all cooked over open grills and all but one hand cut daily on the premises. Its restaurants offer a range of menu items at prices that are designed to appeal to a range of consumer tastes.
Want to see what other hedge funds are holding TXRH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Texas Roadhouse Inc (NASDAQ:TXRH).
Receive News & Ratings for Texas Roadhouse Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Texas Roadhouse and related companies with MarketBeat.com's FREE daily email newsletter.