Harbor Capital Advisors Inc. Buys 9,097 Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH)

Harbor Capital Advisors Inc. boosted its position in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 320.0% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 11,940 shares of the restaurant operator’s stock after purchasing an additional 9,097 shares during the period. Harbor Capital Advisors Inc.’s holdings in Texas Roadhouse were worth $2,050,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Norges Bank purchased a new stake in shares of Texas Roadhouse during the fourth quarter worth about $78,544,000. Balyasny Asset Management L.P. boosted its position in Texas Roadhouse by 4,150.1% in the 4th quarter. Balyasny Asset Management L.P. now owns 451,697 shares of the restaurant operator’s stock valued at $55,211,000 after buying an additional 441,069 shares during the period. Armistice Capital LLC bought a new position in Texas Roadhouse in the fourth quarter worth approximately $28,724,000. Bank of Nova Scotia increased its stake in shares of Texas Roadhouse by 5,135.0% during the fourth quarter. Bank of Nova Scotia now owns 222,538 shares of the restaurant operator’s stock valued at $27,200,000 after buying an additional 218,287 shares during the period. Finally, Public Employees Retirement Association of Colorado increased its holdings in Texas Roadhouse by 2,985.3% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 208,471 shares of the restaurant operator’s stock valued at $25,481,000 after buying an additional 201,714 shares during the period. Hedge funds and other institutional investors own 94.82% of the company’s stock.

Insider Activity at Texas Roadhouse

In other news, CTO Hernan E. Mujica sold 3,000 shares of the stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $168.60, for a total transaction of $505,800.00. Following the sale, the chief technology officer now owns 17,842 shares of the company’s stock, valued at $3,008,161.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CTO Hernan E. Mujica sold 3,000 shares of the company’s stock in a transaction on Monday, May 20th. The stock was sold at an average price of $168.60, for a total transaction of $505,800.00. Following the sale, the chief technology officer now owns 17,842 shares of the company’s stock, valued at $3,008,161.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Wayne L. Jones 700 shares of the firm’s stock in a transaction on Monday, July 29th. The disclosure for this trade can be found here. 0.50% of the stock is currently owned by company insiders.

Texas Roadhouse Trading Down 0.8 %

NASDAQ TXRH traded down $1.33 on Wednesday, reaching $165.17. 277,421 shares of the company were exchanged, compared to its average volume of 808,139. Texas Roadhouse, Inc. has a fifty-two week low of $91.06 and a fifty-two week high of $177.72. The stock has a market capitalization of $11.03 billion, a P/E ratio of 33.95, a price-to-earnings-growth ratio of 1.50 and a beta of 1.01. The business’s fifty day moving average price is $170.05 and its 200 day moving average price is $156.73.

Texas Roadhouse (NASDAQ:TXRH) last posted its earnings results on Thursday, July 25th. The restaurant operator reported $1.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.64 by $0.15. The company had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.34 billion. Texas Roadhouse had a return on equity of 30.94% and a net margin of 7.47%. The firm’s quarterly revenue was up 14.5% compared to the same quarter last year. During the same quarter last year, the firm earned $1.22 earnings per share. Equities research analysts forecast that Texas Roadhouse, Inc. will post 6.34 earnings per share for the current year.

Texas Roadhouse Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 25th. Investors of record on Wednesday, June 12th were issued a $0.61 dividend. The ex-dividend date was Wednesday, June 12th. This represents a $2.44 annualized dividend and a dividend yield of 1.48%. Texas Roadhouse’s dividend payout ratio is presently 49.39%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on TXRH. Robert W. Baird boosted their price target on Texas Roadhouse from $178.00 to $182.00 and gave the stock an “outperform” rating in a research note on Friday, May 3rd. Jefferies Financial Group lifted their price target on Texas Roadhouse from $120.00 to $136.00 and gave the stock a “hold” rating in a research report on Tuesday, April 16th. Deutsche Bank Aktiengesellschaft lifted their target price on Texas Roadhouse from $190.00 to $193.00 and gave the stock a “buy” rating in a report on Tuesday, July 16th. Royal Bank of Canada lifted their price objective on shares of Texas Roadhouse from $165.00 to $175.00 and gave the company a “sector perform” rating in a research note on Friday, June 7th. Finally, Benchmark assumed coverage on shares of Texas Roadhouse in a research report on Wednesday, April 10th. They set a “hold” rating for the company. Thirteen research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $169.86.

Texas Roadhouse Company 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.