Texas Roadhouse, Inc. (NASDAQ:TXRH) Stock Position Raised by Alpha DNA Investment Management LLC

Alpha DNA Investment Management LLC increased its holdings in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 10.1% during the 3rd quarter, Holdings Channel.com reports. The fund owned 6,492 shares of the restaurant operator’s stock after buying an additional 596 shares during the period. Alpha DNA Investment Management LLC’s holdings in Texas Roadhouse were worth $1,146,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of TXRH. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Texas Roadhouse during the second quarter valued at $25,000. Hollencrest Capital Management bought a new stake in Texas Roadhouse in the 2nd quarter valued at about $25,000. LRI Investments LLC acquired a new position in Texas Roadhouse during the 1st quarter valued at about $25,000. McClarren Financial Advisors Inc. boosted its stake in Texas Roadhouse by 4,175.0% during the 2nd quarter. McClarren Financial Advisors Inc. now owns 171 shares of the restaurant operator’s stock valued at $29,000 after purchasing an additional 167 shares during the period. Finally, PSI Advisors LLC grew its position in Texas Roadhouse by 70.8% in the 3rd quarter. PSI Advisors LLC now owns 181 shares of the restaurant operator’s stock worth $32,000 after purchasing an additional 75 shares during the last quarter. Institutional investors own 94.82% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. UBS Group lifted their price target on Texas Roadhouse from $200.00 to $210.00 and gave the company a “buy” rating in a report on Friday, October 25th. Barclays lifted their target price on Texas Roadhouse from $160.00 to $175.00 and gave the company an “equal weight” rating in a research note on Friday, October 25th. Robert W. Baird increased their price target on Texas Roadhouse from $190.00 to $205.00 and gave the stock an “outperform” rating in a research note on Friday, October 25th. Royal Bank of Canada lifted their price objective on shares of Texas Roadhouse from $175.00 to $185.00 and gave the company a “sector perform” rating in a research note on Friday, October 25th. Finally, Stifel Nicolaus increased their target price on shares of Texas Roadhouse from $180.00 to $195.00 and gave the company a “hold” rating in a research report on Friday, October 25th. Twelve analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $189.00.

Insider Buying and Selling at Texas Roadhouse

In related news, CTO Hernan E. Mujica sold 1,500 shares of the business’s stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $202.26, for a total transaction of $303,390.00. Following the transaction, the chief technology officer now directly owns 16,342 shares of the company’s stock, valued at approximately $3,305,332.92. The trade was a 8.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Donna E. Epps sold 610 shares of the stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $195.66, for a total transaction of $119,352.60. Following the completion of the sale, the director now owns 3,532 shares of the company’s stock, valued at approximately $691,071.12. The trade was a 14.73 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.50% of the company’s stock.

Texas Roadhouse Trading Up 1.2 %

Shares of TXRH opened at $194.90 on Friday. The business’s 50-day moving average price is $183.50 and its 200 day moving average price is $173.78. The stock has a market capitalization of $13.00 billion, a P/E ratio of 33.49, a P/E/G ratio of 1.64 and a beta of 0.98. Texas Roadhouse, Inc. has a 1-year low of $110.88 and a 1-year high of $203.32.

Texas Roadhouse (NASDAQ:TXRH) last released its quarterly earnings results on Thursday, October 24th. The restaurant operator reported $1.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.32 by ($0.06). Texas Roadhouse had a net margin of 7.65% and a return on equity of 31.33%. The firm had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.27 billion. During the same quarter in the prior year, the firm earned $0.95 EPS. The firm’s revenue was up 13.5% compared to the same quarter last year. On average, research analysts predict that Texas Roadhouse, Inc. will post 6.39 earnings per share for the current year.

Texas Roadhouse Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 10th will be given a dividend of $0.61 per share. The ex-dividend date is Tuesday, December 10th. This represents a $2.44 dividend on an annualized basis and a yield of 1.25%. Texas Roadhouse’s payout ratio is presently 41.92%.

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.