Virtu Financial LLC Invests $577,000 in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Virtu Financial LLC purchased a new position in Texas Roadhouse, Inc. (NASDAQ:TXRH) during the 4th quarter, Holdings Channel reports. The fund purchased 3,201 shares of the restaurant operator’s stock, valued at approximately $577,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Magnetar Financial LLC grew its stake in Texas Roadhouse by 116.1% in the 4th quarter. Magnetar Financial LLC now owns 14,357 shares of the restaurant operator’s stock worth $2,590,000 after acquiring an additional 7,712 shares in the last quarter. Crown Advisors Management Inc. grew its stake in Texas Roadhouse by 100.0% in the fourth quarter. Crown Advisors Management Inc. now owns 15,000 shares of the restaurant operator’s stock worth $2,706,000 after purchasing an additional 7,500 shares in the last quarter. Xponance Inc. increased its holdings in Texas Roadhouse by 2.7% during the 4th quarter. Xponance Inc. now owns 13,558 shares of the restaurant operator’s stock worth $2,446,000 after purchasing an additional 362 shares during the period. Signaturefd LLC increased its holdings in Texas Roadhouse by 36.0% during the 4th quarter. Signaturefd LLC now owns 2,734 shares of the restaurant operator’s stock worth $493,000 after purchasing an additional 724 shares during the period. Finally, Poinciana Advisors Group LLC bought a new stake in Texas Roadhouse during the 4th quarter valued at $278,000. Institutional investors own 94.82% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Gordon Haskett downgraded Texas Roadhouse from a “buy” rating to a “hold” rating and set a $192.00 price target on the stock. in a research report on Wednesday, January 8th. Stifel Nicolaus cut their target price on shares of Texas Roadhouse from $185.00 to $172.00 and set a “hold” rating on the stock in a research report on Friday, February 21st. Stephens lowered their price target on shares of 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. Citigroup lifted their price objective 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. Finally, JPMorgan Chase & Co. dropped their target price on Texas Roadhouse from $185.00 to $184.00 and set a “neutral” rating on the stock in a research report on Thursday, March 20th. Eleven analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Texas Roadhouse presently has an average rating of “Moderate Buy” and an average price target of $192.91.

Insider Activity at Texas Roadhouse

In related news, insider Christopher C. Colson sold 1,370 shares of the business’s stock in a transaction on Friday, January 10th. The shares were sold at an average price of $179.46, for a total transaction of $245,860.20. Following the completion of the transaction, the insider now directly owns 10,000 shares in the company, valued at $1,794,600. The trade was a 12.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, President Regina A. Tobin sold 3,154 shares of the stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $185.64, for a total value of $585,508.56. Following the sale, the president now directly owns 18,414 shares in the company, valued at $3,418,374.96. This represents a 14.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 17,905 shares of company stock worth $3,198,367 over the last quarter. Insiders own 0.50% of the company’s stock.

Texas Roadhouse Trading Up 0.9 %

Shares of Texas Roadhouse stock opened at $177.50 on Wednesday. The firm’s 50 day simple moving average is $176.67 and its two-hundred day simple moving average is $181.52. The firm has a market capitalization of $11.80 billion, a price-to-earnings ratio of 27.43, a PEG ratio of 1.23 and a beta of 1.00. Texas Roadhouse, Inc. has a 12-month low of $146.75 and a 12-month high of $206.04.

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

Texas Roadhouse Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Tuesday, March 18th will be issued a dividend of $0.68 per share. This is an increase from Texas Roadhouse’s previous quarterly dividend of $0.61. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.53%. Texas Roadhouse’s payout ratio is 42.04%.

Texas Roadhouse Profile

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.