GAMMA Investing LLC Invests $88,000 in Texas Roadhouse, Inc. (NASDAQ:TXRH)

GAMMA Investing LLC acquired a new position in Texas Roadhouse, Inc. (NASDAQ:TXRH) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 701 shares of the restaurant operator’s stock, valued at approximately $88,000.

Several other hedge funds also recently made changes to their positions in TXRH. Red Spruce Capital LLC increased its position in shares of Texas Roadhouse by 0.5% in the fourth quarter. Red Spruce Capital LLC now owns 22,359 shares of the restaurant operator’s stock worth $2,733,000 after acquiring an additional 110 shares in the last quarter. Avior Wealth Management LLC increased its position in shares of Texas Roadhouse by 3.2% in the fourth quarter. Avior Wealth Management LLC now owns 3,579 shares of the restaurant operator’s stock worth $437,000 after acquiring an additional 111 shares in the last quarter. Fifth Third Bancorp increased its position in shares of Texas Roadhouse by 35.8% in the third quarter. Fifth Third Bancorp now owns 474 shares of the restaurant operator’s stock worth $46,000 after acquiring an additional 125 shares in the last quarter. Prospector Partners LLC increased its position in shares of Texas Roadhouse by 0.4% in the third quarter. Prospector Partners LLC now owns 34,575 shares of the restaurant operator’s stock worth $3,323,000 after acquiring an additional 150 shares in the last quarter. Finally, Treasurer of the State of North Carolina increased its position in shares of Texas Roadhouse by 0.5% in the third quarter. Treasurer of the State of North Carolina now owns 29,360 shares of the restaurant operator’s stock worth $2,821,000 after acquiring an additional 150 shares in the last quarter. Institutional investors and hedge funds own 94.82% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. JPMorgan Chase & Co. lifted their target price on shares of Texas Roadhouse from $142.00 to $145.00 and gave the stock a “neutral” rating in a research report on Tuesday, March 19th. Citigroup boosted their price objective on shares of Texas Roadhouse from $162.00 to $178.00 and gave the company a “buy” rating in a research report on Wednesday, April 24th. Morgan Stanley boosted their price objective on shares of Texas Roadhouse from $135.00 to $145.00 and gave the company an “equal weight” rating in a research report on Friday, April 12th. Stephens initiated coverage on shares of Texas Roadhouse in a research report on Friday, April 12th. They set an “equal weight” rating and a $150.00 price objective on the stock. Finally, Jefferies Financial Group boosted their price objective on shares of Texas Roadhouse from $120.00 to $136.00 and gave the company a “hold” rating in a research report on Tuesday, April 16th. Eleven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $138.76.

Insider Transactions at Texas Roadhouse

In related news, insider Christopher C. Colson sold 405 shares of the company’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $149.05, for a total transaction of $60,365.25. Following the completion of the transaction, the insider now directly owns 8,500 shares in the company, valued at approximately $1,266,925. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, CEO Gerald L. Morgan sold 5,000 shares of the company’s stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $147.90, for a total transaction of $739,500.00. Following the completion of the transaction, the chief executive officer now directly owns 92,847 shares in the company, valued at approximately $13,732,071.30. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Christopher C. Colson sold 405 shares of the company’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $149.05, for a total transaction of $60,365.25. Following the transaction, the insider now owns 8,500 shares of the company’s stock, valued at $1,266,925. The disclosure for this sale can be found here. Over the last three months, insiders sold 12,382 shares of company stock worth $1,843,145. 0.50% of the stock is owned by insiders.

Texas Roadhouse Trading Up 1.1 %

Shares of Texas Roadhouse stock opened at $159.21 on Tuesday. The firm has a fifty day simple moving average of $151.53 and a 200-day simple moving average of $128.18. Texas Roadhouse, Inc. has a 1-year low of $91.06 and a 1-year high of $160.52. The stock has a market capitalization of $10.64 billion, a price-to-earnings ratio of 35.15, a PEG ratio of 1.71 and a beta of 0.99.

Texas Roadhouse (NASDAQ:TXRH) last issued its quarterly earnings data on Thursday, February 15th. The restaurant operator reported $1.08 earnings per share for the quarter, topping analysts’ consensus estimates of $1.07 by $0.01. Texas Roadhouse had a net margin of 6.58% and a return on equity of 27.43%. The business had revenue of $1.16 billion during the quarter, compared to analysts’ expectations of $1.16 billion. During the same period in the previous year, the company earned $0.89 earnings per share. Texas Roadhouse’s revenue for the quarter was up 15.3% on a year-over-year basis. As a group, research analysts predict that Texas Roadhouse, Inc. will post 5.77 earnings per share for the current year.

Texas Roadhouse Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 26th. Stockholders of record on Wednesday, March 13th were paid a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.53%. This is a boost from Texas Roadhouse’s previous quarterly dividend of $0.55. The ex-dividend date was Tuesday, March 12th. Texas Roadhouse’s payout ratio is presently 53.86%.

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.