Alpha DNA Investment Management LLC Purchases New Holdings in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Alpha DNA Investment Management LLC acquired a new stake in Texas Roadhouse, Inc. (NASDAQ:TXRH) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 1,738 shares of the restaurant operator’s stock, valued at approximately $135,000.

A number of other hedge funds have also added to or reduced their stakes in TXRH. Price T Rowe Associates Inc. MD raised its holdings in Texas Roadhouse by 315.1% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,141,594 shares of the restaurant operator’s stock valued at $89,227,000 after acquiring an additional 866,565 shares during the last quarter. Norges Bank acquired a new stake in Texas Roadhouse in the 4th quarter valued at about $55,676,000. BlackRock Inc. raised its holdings in Texas Roadhouse by 5.9% in the 4th quarter. BlackRock Inc. now owns 8,426,459 shares of the restaurant operator’s stock valued at $658,613,000 after acquiring an additional 468,138 shares during the last quarter. Ninety One UK Ltd acquired a new stake in shares of Texas Roadhouse during the 4th quarter worth approximately $35,514,000. Finally, Hood River Capital Management LLC increased its holdings in shares of Texas Roadhouse by 90.4% during the 4th quarter. Hood River Capital Management LLC now owns 516,908 shares of the restaurant operator’s stock worth $40,402,000 after buying an additional 245,394 shares during the last quarter. Institutional investors own 91.73% of the company’s stock.

In related news, Director Curtis Warfield sold 2,688 shares of Texas Roadhouse stock in a transaction on Monday, March 1st. The shares were sold at an average price of $92.82, for a total transaction of $249,500.16. Following the sale, the director now directly owns 6,875 shares in the company, valued at approximately $638,137.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Tonya Robinson sold 12,454 shares of Texas Roadhouse stock in a transaction on Monday, January 11th. The stock was sold at an average price of $80.03, for a total transaction of $996,693.62. Following the sale, the chief financial officer now owns 31,476 shares in the company, valued at $2,519,024.28. The disclosure for this sale can be found here. Insiders have sold a total of 126,525 shares of company stock worth $11,784,340 over the last quarter. 6.16% of the stock is owned by company insiders.

Texas Roadhouse stock opened at $98.55 on Thursday. The stock has a market cap of $6.86 billion, a P/E ratio of 126.35, a price-to-earnings-growth ratio of 3.10 and a beta of 1.00. The company has a fifty day simple moving average of $93.80 and a 200-day simple moving average of $80.02. Texas Roadhouse, Inc. has a 12-month low of $39.82 and a 12-month high of $100.77. The company has a current ratio of 1.01, a quick ratio of 0.96 and a debt-to-equity ratio of 0.21.

Texas Roadhouse (NASDAQ:TXRH) last released its quarterly earnings data on Thursday, February 18th. The restaurant operator reported $0.28 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.49 by ($0.21). The firm had revenue of $637.99 million for the quarter, compared to analysts’ expectations of $678.05 million. Texas Roadhouse had a return on equity of 5.97% and a net margin of 2.19%. As a group, sell-side analysts forecast that Texas Roadhouse, Inc. will post 0.68 earnings per share for the current fiscal year.

A number of analysts have recently issued reports on TXRH shares. MKM Partners raised their price target on shares of Texas Roadhouse from $83.00 to $88.00 in a report on Thursday, April 1st. TheStreet cut shares of Texas Roadhouse from a “b-” rating to a “c” rating in a research report on Thursday, February 18th. JPMorgan Chase & Co. increased their price objective on shares of Texas Roadhouse from $80.00 to $90.00 and gave the stock an “underweight” rating in a research report on Monday, March 15th. Wedbush increased their price objective on shares of Texas Roadhouse from $89.00 to $100.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 9th. Finally, Raymond James increased their price objective on shares of Texas Roadhouse from $100.00 to $108.00 and gave the stock a “strong-buy” rating in a research report on Monday, March 29th. One research analyst has rated the stock with a sell rating, sixteen have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. Texas Roadhouse presently has a consensus rating of “Hold” and an average target price of $81.29.

About Texas Roadhouse

Texas Roadhouse, Inc, together with its subsidiaries, operates casual dining restaurants in the United States and internationally. The company operates and franchises Texas Roadhouse and Bubba's 33 restaurants. As of December 29, 2020, it operated 537 domestic restaurants and 97 franchise restaurants.

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Institutional Ownership by Quarter for Texas Roadhouse (NASDAQ:TXRH)

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