Arrowstreet Capital Limited Partnership Has $147.87 Million Stock Holdings in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Arrowstreet Capital Limited Partnership boosted its position in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 29.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 819,522 shares of the restaurant operator’s stock after purchasing an additional 184,250 shares during the period. Arrowstreet Capital Limited Partnership owned 1.23% of Texas Roadhouse worth $147,866,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Daiwa Securities Group Inc. bought a new stake in shares of Texas Roadhouse in the 3rd quarter valued at approximately $406,000. FMR LLC lifted its stake in Texas Roadhouse by 81.6% in the third quarter. FMR LLC now owns 898,522 shares of the restaurant operator’s stock valued at $158,679,000 after acquiring an additional 403,720 shares during the last quarter. D.A. Davidson & CO. grew its position in Texas Roadhouse by 3.0% in the third quarter. D.A. Davidson & CO. now owns 5,129 shares of the restaurant operator’s stock worth $906,000 after acquiring an additional 149 shares in the last quarter. Quantbot Technologies LP increased its stake in shares of Texas Roadhouse by 120.9% during the 3rd quarter. Quantbot Technologies LP now owns 5,403 shares of the restaurant operator’s stock worth $954,000 after purchasing an additional 2,957 shares during the last quarter. Finally, BNP Paribas Financial Markets raised its holdings in shares of Texas Roadhouse by 12.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 51,181 shares of the restaurant operator’s stock valued at $9,039,000 after purchasing an additional 5,660 shares in the last quarter. Hedge funds and other institutional investors own 94.82% of the company’s stock.

Texas Roadhouse Price Performance

Shares of TXRH stock opened at $171.05 on Monday. Texas Roadhouse, Inc. has a one year low of $146.75 and a one year high of $206.04. The stock has a fifty day moving average price of $176.36 and a 200 day moving average price of $181.78. The stock has a market cap of $11.37 billion, a P/E ratio of 26.44, a price-to-earnings-growth ratio of 1.23 and a beta of 1.00.

Texas Roadhouse (NASDAQ:TXRH) last released its quarterly earnings data on Thursday, February 20th. The restaurant operator reported $1.73 EPS for the quarter, topping analysts’ consensus estimates of $1.66 by $0.07. The company had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.41 billion. Texas Roadhouse had a net margin of 8.07% and a return on equity of 34.02%. Equities research analysts anticipate that Texas Roadhouse, Inc. will post 7.23 EPS for the current year.

Texas Roadhouse Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 18th will be paid a $0.68 dividend. This is a positive change from Texas Roadhouse’s previous quarterly dividend of $0.61. This represents a $2.72 annualized dividend and a dividend yield of 1.59%. The ex-dividend date is Tuesday, March 18th. Texas Roadhouse’s dividend payout ratio is currently 42.04%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on TXRH shares. Gordon Haskett cut shares of Texas Roadhouse from a “buy” rating to a “hold” rating and set a $192.00 price objective for the company. in a report on Wednesday, January 8th. Guggenheim lowered their price objective on Texas Roadhouse from $205.00 to $200.00 and set a “buy” rating on the stock in a report on Thursday, February 27th. JPMorgan Chase & Co. cut their price objective on Texas Roadhouse from $185.00 to $184.00 and set a “neutral” rating on the stock in a research note on Thursday, March 20th. Stephens decreased their target price on Texas Roadhouse from $186.00 to $180.00 and set an “equal weight” rating for the company in a research report on Friday, February 21st. Finally, Royal Bank of Canada dropped their price target on shares of Texas Roadhouse from $200.00 to $180.00 and set a “sector perform” rating on the stock in a research report on Friday, February 21st. Eleven research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat, Texas Roadhouse presently has a consensus rating of “Moderate Buy” and a consensus target price of $193.36.

Insider Activity

In other news, insider Christopher C. Colson sold 580 shares of the business’s stock in a transaction on Friday, February 28th. The shares were sold at an average price of $181.94, for a total value of $105,525.20. Following the sale, the insider now owns 12,000 shares in the company, valued at approximately $2,183,280. The trade was a 4.61 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Curtis Warfield sold 4,190 shares of the stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $178.80, for a total transaction of $749,172.00. Following the sale, the director now owns 10,082 shares of the company’s stock, valued at $1,802,661.60. This trade represents a 29.36 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 17,905 shares of company stock worth $3,198,367. Company insiders own 0.50% of the company’s stock.

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.