Dynamic Technology Lab Private Ltd Has $2.12 Million Stake in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Dynamic Technology Lab Private Ltd raised its holdings in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 12.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 11,771 shares of the restaurant operator’s stock after buying an additional 1,323 shares during the period. Texas Roadhouse accounts for about 0.3% of Dynamic Technology Lab Private Ltd’s portfolio, making the stock its 28th largest holding. Dynamic Technology Lab Private Ltd’s holdings in Texas Roadhouse were worth $2,124,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Texas Roadhouse in the fourth quarter valued at about $30,000. SBI Securities Co. Ltd. bought a new position in Texas Roadhouse in the fourth quarter valued at approximately $36,000. MassMutual Private Wealth & Trust FSB increased its position in shares of Texas Roadhouse by 32.2% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 267 shares of the restaurant operator’s stock worth $48,000 after purchasing an additional 65 shares during the last quarter. VisionPoint Advisory Group LLC bought a new stake in shares of Texas Roadhouse during the 4th quarter worth approximately $64,000. Finally, Asset Planning Inc acquired a new stake in shares of Texas Roadhouse in the 4th quarter valued at approximately $74,000. 94.82% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on TXRH shares. Barclays lowered their target price on shares of Texas Roadhouse from $194.00 to $178.00 and set an “equal weight” rating on the stock in a report on Friday, February 21st. Citigroup upped their target price on shares of Texas Roadhouse from $212.00 to $213.00 and gave the company a “buy” rating in a report on Friday, February 21st. Morgan Stanley upgraded Texas Roadhouse from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $205.00 to $213.00 in a report on Tuesday, January 21st. Stifel Nicolaus cut their price objective on Texas Roadhouse from $185.00 to $172.00 and set a “hold” rating for the company in a research report on Friday, February 21st. Finally, JPMorgan Chase & Co. decreased their target price on Texas Roadhouse from $185.00 to $184.00 and set a “neutral” rating on the stock in a report on Thursday, March 20th. Eleven equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat, Texas Roadhouse has an average rating of “Moderate Buy” and an average target price of $193.36.

Texas Roadhouse Stock Performance

NASDAQ:TXRH opened at $159.86 on Friday. Texas Roadhouse, Inc. has a fifty-two week low of $146.75 and a fifty-two week high of $206.04. The company has a market cap of $10.62 billion, a price-to-earnings ratio of 24.71, a PEG ratio of 1.23 and a beta of 1.00. The stock has a fifty day moving average price of $175.08 and a 200-day moving average price of $181.66.

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

Texas Roadhouse Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 18th were paid a dividend of $0.68 per share. The ex-dividend date was Tuesday, March 18th. This is a boost from Texas Roadhouse’s previous quarterly dividend of $0.61. This represents a $2.72 annualized dividend and a yield of 1.70%. Texas Roadhouse’s dividend payout ratio is presently 42.04%.

Insider Buying and Selling at Texas Roadhouse

In related news, insider Christopher C. Colson sold 1,370 shares of the company’s stock in a transaction on Friday, January 10th. The stock was sold at an average price of $179.46, for a total transaction of $245,860.20. Following the completion of the sale, the insider now directly owns 10,000 shares in the company, valued at $1,794,600. This represents a 12.05 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Curtis Warfield sold 4,190 shares of Texas Roadhouse stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $178.80, for a total value of $749,172.00. Following the completion of the transaction, the director now owns 10,082 shares in the company, valued at approximately $1,802,661.60. This represents a 29.36 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 17,905 shares of company stock valued at $3,198,367. 0.50% of the stock is currently owned by corporate insiders.

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.