Centiva Capital LP Grows Position in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Centiva Capital LP raised its position in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 108.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,338 shares of the restaurant operator’s stock after purchasing an additional 7,472 shares during the quarter. Centiva Capital LP’s holdings in Texas Roadhouse were worth $2,587,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. purchased a new position in Texas Roadhouse in the 4th quarter worth about $30,000. Coppell Advisory Solutions LLC increased its position in shares of Texas Roadhouse by 56.8% during the fourth quarter. Coppell Advisory Solutions LLC now owns 196 shares of the restaurant operator’s stock worth $35,000 after acquiring an additional 71 shares during the period. SBI Securities Co. Ltd. bought a new stake in shares of Texas Roadhouse during the fourth quarter valued at approximately $36,000. MassMutual Private Wealth & Trust FSB boosted its holdings in shares of Texas Roadhouse by 32.2% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 267 shares of the restaurant operator’s stock valued at $48,000 after purchasing an additional 65 shares during the period. Finally, VisionPoint Advisory Group LLC bought a new position in Texas Roadhouse in the fourth quarter worth approximately $64,000. 94.82% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Texas Roadhouse

In related news, President Regina A. Tobin sold 3,154 shares of the company’s stock in a transaction that occurred 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 represents a 14.62 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CTO Hernan E. Mujica sold 2,050 shares of the firm’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 transaction of $349,853.00. Following 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 disclosure for this sale can be found here. In the last 90 days, insiders have sold 16,535 shares of company stock worth $2,952,507. 0.50% of the stock is currently owned by insiders.

Texas Roadhouse Stock Up 0.1 %

TXRH opened at $171.25 on Wednesday. The company has a market cap of $11.38 billion, a P/E ratio of 26.47, a price-to-earnings-growth ratio of 1.23 and a beta of 0.87. The firm’s 50-day moving average price is $168.76 and its 200-day moving average price is $179.51. Texas Roadhouse, Inc. has a 52-week low of $148.73 and a 52-week high of $206.04.

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

Texas Roadhouse Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 18th were given a dividend of $0.68 per share. The ex-dividend date of this dividend was Tuesday, March 18th. This represents a $2.72 dividend on an annualized basis and a yield of 1.59%. This is a boost from Texas Roadhouse’s previous quarterly dividend of $0.61. Texas Roadhouse’s payout ratio is currently 42.04%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on TXRH. Barclays upped their target price on Texas Roadhouse from $178.00 to $179.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 22nd. Royal Bank of Canada dropped their target price on shares of Texas Roadhouse from $200.00 to $180.00 and set a “sector perform” rating on the stock in a report on Friday, February 21st. Stephens reduced their price target on shares of Texas Roadhouse from $186.00 to $180.00 and set an “equal weight” rating for the company in a report on Friday, February 21st. Citigroup downgraded shares of Texas Roadhouse from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $213.00 to $164.00 in a research note on Wednesday, April 23rd. Finally, Robert W. Baird set a $180.00 price objective on shares of Texas Roadhouse and gave the stock an “outperform” rating in a research note on Monday, April 7th. Ten equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, Texas Roadhouse has a consensus rating of “Moderate Buy” and a consensus price target of $191.81.

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.