Texas Roadhouse, Inc. $TXRH Shares Acquired by Running Oak Capital LLC

Running Oak Capital LLC raised its stake in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 6.4% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 96,346 shares of the restaurant operator’s stock after purchasing an additional 5,828 shares during the period. Running Oak Capital LLC’s holdings in Texas Roadhouse were worth $16,008,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of TXRH. Farther Finance Advisors LLC grew its stake in shares of Texas Roadhouse by 22.8% during the 2nd quarter. Farther Finance Advisors LLC now owns 312 shares of the restaurant operator’s stock valued at $59,000 after buying an additional 58 shares during the period. Insight Wealth Partners LLC raised its position in shares of Texas Roadhouse by 4.3% in the 2nd quarter. Insight Wealth Partners LLC now owns 1,855 shares of the restaurant operator’s stock worth $348,000 after buying an additional 76 shares during the period. NewEdge Advisors LLC boosted its holdings in Texas Roadhouse by 3.1% in the second quarter. NewEdge Advisors LLC now owns 2,499 shares of the restaurant operator’s stock valued at $468,000 after acquiring an additional 76 shares during the last quarter. Salomon & Ludwin LLC boosted its holdings in Texas Roadhouse by 37.2% in the third quarter. Salomon & Ludwin LLC now owns 299 shares of the restaurant operator’s stock valued at $50,000 after acquiring an additional 81 shares during the last quarter. Finally, Invesco LLC grew its position in Texas Roadhouse by 4.5% during the third quarter. Invesco LLC now owns 2,086 shares of the restaurant operator’s stock valued at $347,000 after acquiring an additional 89 shares during the period. Hedge funds and other institutional investors own 94.82% of the company’s stock.

Insider Activity

In related news, CEO Gerald L. Morgan sold 5,000 shares of the firm’s stock in a transaction on Tuesday, January 20th. The stock was sold at an average price of $196.00, for a total transaction of $980,000.00. Following the transaction, the chief executive officer directly owned 91,774 shares in the company, valued at $17,987,704. This trade represents a 5.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Hugh J. Carroll sold 1,000 shares of the firm’s stock in a transaction dated Thursday, December 4th. The stock was sold at an average price of $167.27, for a total transaction of $167,270.00. Following the completion of the transaction, the director owned 1,854 shares in the company, valued at approximately $310,118.58. The trade was a 35.04% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 12,400 shares of company stock worth $2,320,920. 0.50% of the stock is currently owned by insiders.

Texas Roadhouse Stock Up 1.5%

TXRH opened at $182.60 on Tuesday. The firm’s 50 day moving average is $176.81 and its 200-day moving average is $173.47. Texas Roadhouse, Inc. has a 52-week low of $148.73 and a 52-week high of $199.99. The firm has a market capitalization of $12.08 billion, a P/E ratio of 27.92, a P/E/G ratio of 2.94 and a beta of 0.88.

Texas Roadhouse (NASDAQ:TXRH) last announced its earnings results on Thursday, November 6th. The restaurant operator reported $1.25 earnings per share for the quarter, missing the consensus estimate of $1.28 by ($0.03). Texas Roadhouse had a net margin of 7.49% and a return on equity of 30.59%. The business had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.43 billion. During the same quarter in the prior year, the business earned $1.26 earnings per share. The firm’s revenue was up 12.8% on a year-over-year basis. Equities analysts expect that Texas Roadhouse, Inc. will post 7.23 earnings per share for the current fiscal year.

Texas Roadhouse Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 30th. Stockholders of record on Tuesday, December 2nd were given a $0.68 dividend. The ex-dividend date was Tuesday, December 2nd. This represents a $2.72 annualized dividend and a dividend yield of 1.5%. Texas Roadhouse’s dividend payout ratio (DPR) is presently 41.59%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Zacks Research raised Texas Roadhouse from a “strong sell” rating to a “hold” rating in a research note on Thursday, January 8th. BMO Capital Markets lifted their price target on shares of Texas Roadhouse from $155.00 to $170.00 and gave the company a “market perform” rating in a research report on Tuesday, January 6th. UBS Group reiterated a “buy” rating on shares of Texas Roadhouse in a research note on Monday, November 10th. Royal Bank Of Canada dropped their price objective on shares of Texas Roadhouse from $185.00 to $175.00 and set a “sector perform” rating for the company in a research report on Friday, November 7th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Texas Roadhouse from $200.00 to $182.00 and set a “neutral” rating on the stock in a report on Tuesday, October 7th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat, Texas Roadhouse has a consensus rating of “Moderate Buy” and a consensus price target of $197.29.

Texas Roadhouse Company Profile

Texas Roadhouse, Inc is a casual dining restaurant chain specializing in hand‐cut steaks, fall‐off‐the‐bone ribs, chicken, seafood and house specialties. Each restaurant features a Western‐themed décor, open kitchens and a signature line dance presentation of fresh, made‐from‐scratch sides and breads. The company emphasizes an energetic dining experience, focusing on hospitality, value and a family‐friendly environment.

The concept was created in 1993 by founder Kent Taylor, who sought to combine high‐quality steaks with an approachable, community‐oriented atmosphere.