Quantinno Capital Management LP Increases Holdings in Texas Roadhouse, Inc. $TXRH

Quantinno Capital Management LP increased its position in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 13.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 86,364 shares of the restaurant operator’s stock after purchasing an additional 9,979 shares during the quarter. Quantinno Capital Management LP’s holdings in Texas Roadhouse were worth $14,262,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Elyxium Wealth LLC bought a new stake in Texas Roadhouse during the 4th quarter valued at $25,000. Princeton Global Asset Management LLC bought a new position in shares of Texas Roadhouse during the 4th quarter worth $31,000. Measured Wealth Private Client Group LLC bought a new position in shares of Texas Roadhouse during the 3rd quarter worth $33,000. Garton & Associates Financial Advisors LLC purchased a new position in shares of Texas Roadhouse during the fourth quarter valued at $34,000. Finally, TD Private Client Wealth LLC increased its stake in shares of Texas Roadhouse by 137.5% during the fourth quarter. TD Private Client Wealth LLC now owns 266 shares of the restaurant operator’s stock valued at $44,000 after buying an additional 154 shares during the period. 94.82% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Texas Roadhouse news, insider Christopher C. Colson sold 499 shares of Texas Roadhouse stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $179.22, for a total value of $89,430.78. Following the transaction, the insider directly owned 14,500 shares of the company’s stock, valued at approximately $2,598,690. The trade was a 3.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Gregory N. Moore sold 1,250 shares of the company’s stock in a transaction on Monday, May 11th. The stock was sold at an average price of $178.14, for a total value of $222,675.00. Following the transaction, the director directly owned 30,900 shares in the company, valued at approximately $5,504,526. The trade was a 3.89% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 6,154 shares of company stock worth $1,115,864 over the last 90 days. 0.50% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on TXRH. Morgan Stanley restated an “overweight” rating and issued a $201.00 price objective on shares of Texas Roadhouse in a report on Friday, May 8th. JPMorgan Chase & Co. raised their target price 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. Weiss Ratings restated a “buy (b-)” rating on shares of Texas Roadhouse in a report on Friday, May 29th. Mizuho upped their price target on shares of Texas Roadhouse from $190.00 to $230.00 and gave the stock an “outperform” rating in a research report on Friday. Finally, Stifel Nicolaus increased their price objective on shares of Texas Roadhouse from $170.00 to $180.00 and gave the company a “hold” rating in a research note on Tuesday, May 12th. Ten equities research analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $196.40.

Texas Roadhouse Price Performance

Shares of TXRH stock opened at $205.44 on Monday. The stock’s 50-day moving average is $184.71 and its 200 day moving average is $178.21. Texas Roadhouse, Inc. has a 1-year low of $153.82 and a 1-year high of $210.24. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.46 and a quick ratio of 0.40. The company has a market cap of $13.50 billion, a P/E ratio of 32.82, a PEG ratio of 2.27 and a beta of 0.79.

Texas Roadhouse (NASDAQ:TXRH) last announced its earnings results on Thursday, May 7th. The restaurant operator reported $1.87 EPS for the quarter, topping analysts’ consensus estimates of $1.80 by $0.07. The business had revenue of $1.63 billion during the quarter, compared to the consensus estimate of $1.64 billion. Texas Roadhouse had a net margin of 6.85% and a return on equity of 27.86%. The firm’s revenue was up 10.5% on a year-over-year basis. During the same period in the previous year, the company posted $1.70 earnings per share. Research analysts predict that Texas Roadhouse, Inc. will post 6.45 earnings per share for the current fiscal year.

Texas Roadhouse Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 2nd were paid a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 1.5%. The ex-dividend date was Tuesday, June 2nd. Texas Roadhouse’s payout ratio is 47.92%.

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.