WINTON GROUP Ltd Acquires Shares of 24,146 Texas Roadhouse, Inc. $TXRH

WINTON GROUP Ltd purchased a new stake in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) in the fourth quarter, HoldingsChannel.com reports. The fund purchased 24,146 shares of the restaurant operator’s stock, valued at approximately $4,008,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Oak Thistle LLC acquired a new stake in shares of Texas Roadhouse during the 4th quarter valued at approximately $1,553,000. Capital World Investors lifted its position in shares of Texas Roadhouse by 580.2% during the 3rd quarter. Capital World Investors now owns 2,236,885 shares of the restaurant operator’s stock valued at $371,658,000 after acquiring an additional 1,908,033 shares during the period. Caprock Group LLC acquired a new stake in shares of Texas Roadhouse during the 3rd quarter valued at approximately $1,070,000. Stephens Investment Management Group LLC lifted its position in shares of Texas Roadhouse by 98.2% during the 4th quarter. Stephens Investment Management Group LLC now owns 370,225 shares of the restaurant operator’s stock valued at $61,457,000 after acquiring an additional 183,422 shares during the period. Finally, Cinctive Capital Management LP acquired a new stake in shares of Texas Roadhouse during the 3rd quarter valued at approximately $18,915,000. 94.82% of the stock is currently owned by institutional investors and hedge funds.

Texas Roadhouse Trading Up 5.7%

Shares of Texas Roadhouse stock opened at $170.46 on Friday. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.46 and a quick ratio of 0.40. Texas Roadhouse, Inc. has a 1 year low of $153.82 and a 1 year high of $197.00. The company has a market capitalization of $11.20 billion, a P/E ratio of 27.23, a P/E/G ratio of 1.87 and a beta of 0.79. The business has a 50 day moving average price of $168.02 and a 200 day moving average price of $173.76.

Texas Roadhouse (NASDAQ:TXRH) last issued its quarterly earnings data on Thursday, May 7th. The restaurant operator reported $1.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.80 by $0.07. Texas Roadhouse had a return on equity of 27.86% and a net margin of 6.85%.The firm had revenue of $1.63 billion during the quarter, compared to the consensus estimate of $1.64 billion. During the same period in the previous year, the firm posted $1.70 EPS. The company’s quarterly revenue was up 10.5% compared to the same quarter last year. Sell-side analysts anticipate that Texas Roadhouse, Inc. will post 6.4 EPS for the current fiscal year.

Texas Roadhouse Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 2nd will be given a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 1.8%. The ex-dividend date is Tuesday, June 2nd. Texas Roadhouse’s payout ratio is currently 47.92%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on TXRH shares. Citigroup reduced their price target on shares of Texas Roadhouse from $176.00 to $174.00 and set a “neutral” rating for the company in a research report on Friday, May 8th. Guggenheim reiterated a “buy” rating and set a $210.00 price target on shares of Texas Roadhouse in a research report on Monday, May 18th. JPMorgan Chase & Co. lifted their price target on shares of Texas Roadhouse from $182.00 to $188.00 and gave the company a “neutral” rating in a research report on Thursday, May 14th. Wells Fargo & Company reduced their price target on shares of Texas Roadhouse from $220.00 to $200.00 and set an “overweight” rating for the company in a research report on Thursday, April 16th. Finally, TD Cowen lifted their price objective on Texas Roadhouse from $192.00 to $205.00 and gave the stock a “buy” rating in a research report on Wednesday, May 27th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and fourteen have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $196.36.

Insider Activity

In other Texas Roadhouse news, CTO Hernan E. Mujica sold 5,000 shares of the business’s stock in a transaction on Friday, March 13th. The stock was sold at an average price of $170.00, for a total value of $850,000.00. Following the completion of the transaction, the chief technology officer directly owned 15,552 shares in the company, valued at approximately $2,643,840. The trade was a 24.33% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, President Regina A. Tobin sold 4,450 shares of the business’s stock in a transaction on Thursday, March 19th. The shares were sold at an average price of $171.00, for a total value of $760,950.00. Following the completion of the transaction, the president owned 13,778 shares of the company’s stock, valued at $2,356,038. This trade represents a 24.41% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 16,166 shares of company stock worth $2,813,705. 0.50% of the stock is owned by corporate insiders.

About Texas Roadhouse

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.