Red Spruce Capital LLC Has $3.78 Million Stake in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Red Spruce Capital LLC grew its stake in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 2.9% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 20,971 shares of the restaurant operator’s stock after buying an additional 586 shares during the period. Texas Roadhouse makes up 1.7% of Red Spruce Capital LLC’s investment portfolio, making the stock its 18th biggest holding. Red Spruce Capital LLC’s holdings in Texas Roadhouse were worth $3,784,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the stock. Marshall Wace LLP lifted its position in shares of Texas Roadhouse by 128.9% in the 2nd quarter. Marshall Wace LLP now owns 765,096 shares of the restaurant operator’s stock worth $131,375,000 after acquiring an additional 430,814 shares during the period. FMR LLC lifted its position in Texas Roadhouse by 81.6% in the third quarter. FMR LLC now owns 898,522 shares of the restaurant operator’s stock worth $158,679,000 after purchasing an additional 403,720 shares during the period. Franklin Resources Inc. increased its holdings in Texas Roadhouse by 76.0% in the 3rd quarter. Franklin Resources Inc. now owns 893,925 shares of the restaurant operator’s stock valued at $157,375,000 after buying an additional 385,998 shares during the period. Erste Asset Management GmbH acquired a new stake in shares of Texas Roadhouse during the 3rd quarter valued at about $66,609,000. Finally, Fiera Capital Corp bought a new stake in Texas Roadhouse in the third quarter valued at about $41,670,000. Institutional investors own 94.82% of the company’s stock.

Texas Roadhouse Trading Up 1.7 %

Shares of TXRH opened at $182.04 on Wednesday. The firm has a fifty day simple moving average of $188.75 and a 200 day simple moving average of $179.00. Texas Roadhouse, Inc. has a 12 month low of $119.52 and a 12 month high of $206.04. The stock has a market capitalization of $12.14 billion, a price-to-earnings ratio of 31.28, a PEG ratio of 1.35 and a beta of 1.01.

Texas Roadhouse (NASDAQ:TXRH) last announced its quarterly earnings data on Thursday, October 24th. The restaurant operator reported $1.26 EPS for the quarter, missing analysts’ consensus estimates of $1.32 by ($0.06). The firm had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.27 billion. Texas Roadhouse had a net margin of 7.65% and a return on equity of 31.33%. The business’s revenue was up 13.5% on a year-over-year basis. During the same period last year, the business earned $0.95 EPS. As a group, research analysts predict that Texas Roadhouse, Inc. will post 6.4 earnings per share for the current fiscal year.

Texas Roadhouse Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 10th were issued a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a dividend yield of 1.34%. The ex-dividend date was Tuesday, December 10th. Texas Roadhouse’s payout ratio is 41.92%.

Insider Activity at Texas Roadhouse

In other Texas Roadhouse news, CTO Hernan E. Mujica sold 1,500 shares of the stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $202.26, for a total transaction of $303,390.00. Following the transaction, the chief technology officer now owns 16,342 shares in the company, valued at $3,305,332.92. This represents a 8.41 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Donna E. Epps sold 610 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $195.66, for a total value of $119,352.60. Following the completion of the sale, the director now owns 3,532 shares of the company’s stock, valued at approximately $691,071.12. This trade represents a 14.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 3,480 shares of company stock worth $668,603. Insiders own 0.50% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. BMO Capital Markets lifted their price objective on Texas Roadhouse from $155.00 to $162.00 and gave the company a “market perform” rating in a report on Friday, October 25th. The Goldman Sachs Group initiated coverage on Texas Roadhouse in a research report on Thursday, December 5th. They issued a “neutral” rating and a $213.00 price target on the stock. Royal Bank of Canada reissued a “sector perform” rating and set a $200.00 price objective on shares of Texas Roadhouse in a report on Thursday, January 16th. Gordon Haskett lowered 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. Finally, UBS Group raised their price objective on shares of Texas Roadhouse from $200.00 to $210.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Thirteen equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $191.26.

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.