Running Oak Capital LLC Has $9.82 Million Stake in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Running Oak Capital LLC increased its position in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 16.2% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 80,344 shares of the restaurant operator’s stock after purchasing an additional 11,219 shares during the period. Texas Roadhouse accounts for about 1.9% of Running Oak Capital LLC’s investment portfolio, making the stock its 10th biggest holding. Running Oak Capital LLC owned about 0.12% of Texas Roadhouse worth $9,820,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Operose Advisors LLC acquired a new position in Texas Roadhouse during the third quarter worth about $28,000. Fifth Third Bancorp grew its stake in Texas Roadhouse by 35.8% in the 3rd quarter. Fifth Third Bancorp now owns 474 shares of the restaurant operator’s stock valued at $46,000 after buying an additional 125 shares during the last quarter. TFC Financial Management Inc. increased its holdings in shares of Texas Roadhouse by 100.0% during the 4th quarter. TFC Financial Management Inc. now owns 580 shares of the restaurant operator’s stock worth $71,000 after purchasing an additional 290 shares during the period. GAMMA Investing LLC bought a new position in Texas Roadhouse during the 4th quarter valued at about $88,000. Finally, Headlands Technologies LLC acquired a new stake in Texas Roadhouse in the 3rd quarter valued at about $96,000. Institutional investors and hedge funds own 94.82% of the company’s stock.

Texas Roadhouse Stock Up 0.5 %

Shares of NASDAQ:TXRH traded up $0.84 during trading on Thursday, hitting $157.90. The stock had a trading volume of 1,147,210 shares, compared to its average volume of 811,614. The company has a market capitalization of $10.55 billion, a PE ratio of 34.67, a PEG ratio of 1.74 and a beta of 1.00. The firm’s fifty day moving average is $152.03 and its 200 day moving average is $128.86. Texas Roadhouse, Inc. has a 12 month low of $91.06 and a 12 month high of $161.58.

Texas Roadhouse (NASDAQ:TXRH) last issued its quarterly earnings results on Thursday, February 15th. The restaurant operator reported $1.08 EPS for the quarter, topping analysts’ consensus estimates of $1.07 by $0.01. The firm had revenue of $1.16 billion for the quarter, compared to analysts’ expectations of $1.16 billion. Texas Roadhouse had a return on equity of 27.43% and a net margin of 6.58%. The business’s revenue for the quarter was up 15.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.89 EPS. Equities research analysts expect that Texas Roadhouse, Inc. will post 5.77 EPS for the current fiscal year.

Texas Roadhouse Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 26th. Shareholders of record on Wednesday, March 13th were issued a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a yield of 1.55%. The ex-dividend date of this dividend was Tuesday, March 12th. This is a boost from Texas Roadhouse’s previous quarterly dividend of $0.55. Texas Roadhouse’s dividend payout ratio (DPR) is currently 53.86%.

Insider Activity

In other news, President Regina A. Tobin sold 3,064 shares of the business’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $150.07, for a total value of $459,814.48. Following the completion of the sale, the president now owns 15,261 shares in the company, valued at approximately $2,290,218.27. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Texas Roadhouse news, President Regina A. Tobin sold 3,064 shares of Texas Roadhouse stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $150.07, for a total transaction of $459,814.48. Following the completion of the transaction, the president now owns 15,261 shares in the company, valued at approximately $2,290,218.27. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Christopher C. Colson sold 405 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $149.05, for a total value of $60,365.25. Following the completion of the sale, 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. In the last 90 days, insiders have sold 12,382 shares of company stock valued at $1,843,145. 0.50% of the stock is currently owned by insiders.

Analysts Set New Price Targets

TXRH has been the topic of several recent analyst reports. Northcoast Research lowered Texas Roadhouse from a “buy” rating to a “neutral” rating in a research report on Tuesday, February 20th. Citigroup raised their price objective on Texas Roadhouse from $162.00 to $178.00 and gave the stock a “buy” rating in a research report on Wednesday, April 24th. Robert W. Baird raised shares of Texas Roadhouse from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $160.00 to $175.00 in a research note on Wednesday, March 13th. UBS Group boosted their target price on Texas Roadhouse from $145.00 to $155.00 and gave the company a “buy” rating in a research report on Friday, February 16th. Finally, Benchmark started coverage on shares of Texas Roadhouse in a research note on Wednesday, April 10th. They issued a “hold” rating for the company. Eleven research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, Texas Roadhouse has a consensus rating of “Hold” and a consensus target price of $138.76.

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.