Hantz Financial Services Inc. Has $553,000 Position in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Hantz Financial Services Inc. lifted its stake in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 8,594.4% during the third quarter, HoldingsChannel reports. The fund owned 3,130 shares of the restaurant operator’s stock after purchasing an additional 3,094 shares during the quarter. Hantz Financial Services Inc.’s holdings in Texas Roadhouse were worth $553,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Marshall Wace LLP grew its stake in Texas Roadhouse by 128.9% in the second quarter. Marshall Wace LLP now owns 765,096 shares of the restaurant operator’s stock valued at $131,375,000 after purchasing an additional 430,814 shares in the last quarter. FMR LLC grew its stake in shares of Texas Roadhouse by 81.6% in the 3rd quarter. FMR LLC now owns 898,522 shares of the restaurant operator’s stock valued at $158,679,000 after buying an additional 403,720 shares in the last quarter. Fiera Capital Corp acquired a new position in Texas Roadhouse in the third quarter worth approximately $41,670,000. Bank of Montreal Can raised its position in Texas Roadhouse by 2,216.1% during the third quarter. Bank of Montreal Can now owns 176,280 shares of the restaurant operator’s stock valued at $30,831,000 after acquiring an additional 168,669 shares in the last quarter. Finally, AQR Capital Management LLC lifted its stake in Texas Roadhouse by 22.3% in the second quarter. AQR Capital Management LLC now owns 909,847 shares of the restaurant operator’s stock valued at $156,230,000 after acquiring an additional 165,738 shares during the last quarter. 94.82% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Texas Roadhouse

In other Texas Roadhouse news, CTO Hernan E. Mujica sold 1,500 shares of Texas Roadhouse stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $202.26, for a total transaction of $303,390.00. Following the completion of the transaction, the chief technology officer now directly owns 16,342 shares of the company’s stock, valued at approximately $3,305,332.92. This trade represents a 8.41 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Donna E. Epps sold 610 shares of the company’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $195.66, for a total transaction of $119,352.60. Following the completion of the sale, the director now directly owns 3,532 shares in the company, valued at approximately $691,071.12. The trade was a 14.73 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.50% of the company’s stock.

Texas Roadhouse Price Performance

Shares of TXRH stock opened at $205.27 on Monday. Texas Roadhouse, Inc. has a one year low of $110.88 and a one year high of $206.04. The stock has a fifty day moving average price of $187.19 and a 200 day moving average price of $175.18. The stock has a market cap of $13.69 billion, a P/E ratio of 35.27, a price-to-earnings-growth ratio of 1.75 and a beta of 0.98.

Texas Roadhouse (NASDAQ:TXRH) last announced its quarterly earnings data on Thursday, October 24th. The restaurant operator reported $1.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.32 by ($0.06). Texas Roadhouse had a net margin of 7.65% and a return on equity of 31.33%. The business had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.27 billion. During the same quarter in the prior year, the company posted $0.95 EPS. The company’s quarterly revenue was up 13.5% compared to the same quarter last year. Equities research analysts anticipate that Texas Roadhouse, Inc. will post 6.39 EPS for the current year.

Texas Roadhouse Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 10th will be paid a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a yield of 1.19%. The ex-dividend date of this dividend is Tuesday, December 10th. Texas Roadhouse’s dividend payout ratio is 41.92%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on TXRH. Barclays increased their price target on shares of Texas Roadhouse from $160.00 to $175.00 and gave the stock an “equal weight” rating in a research note on Friday, October 25th. Wedbush increased their target price on shares of Texas Roadhouse from $190.00 to $200.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. Morgan Stanley boosted their price target on Texas Roadhouse from $200.00 to $205.00 and gave the stock an “equal weight” rating in a research report on Friday, October 25th. Loop Capital decreased their price target on Texas Roadhouse from $215.00 to $209.00 and set a “buy” rating for the company in a research note on Monday, October 28th. Finally, BMO Capital Markets raised their price objective on Texas Roadhouse from $155.00 to $162.00 and gave the company a “market perform” rating in a research note on Friday, October 25th. Twelve equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $189.00.

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.