Amica Mutual Insurance Co. Makes New $989,000 Investment in Texas Roadhouse, Inc. $TXRH

Amica Mutual Insurance Co. acquired a new stake in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) during the fourth quarter, HoldingsChannel.com reports. The fund acquired 5,955 shares of the restaurant operator’s stock, valued at approximately $989,000.

A number of other hedge funds have also made changes to their positions in TXRH. Capital World Investors increased its holdings in shares of Texas Roadhouse by 580.2% during the 3rd quarter. Capital World Investors now owns 2,236,885 shares of the restaurant operator’s stock valued at $371,658,000 after acquiring an additional 1,908,033 shares during the last quarter. Balyasny Asset Management L.P. acquired a new position in shares of Texas Roadhouse during the 3rd quarter valued at about $157,310,000. Victory Capital Management Inc. increased its holdings in shares of Texas Roadhouse by 770.6% during the 3rd quarter. Victory Capital Management Inc. now owns 972,251 shares of the restaurant operator’s stock valued at $161,540,000 after acquiring an additional 860,571 shares during the last quarter. Steadfast Capital Management LP increased its holdings in shares of Texas Roadhouse by 99.2% during the 3rd quarter. Steadfast Capital Management LP now owns 1,275,648 shares of the restaurant operator’s stock valued at $211,949,000 after acquiring an additional 635,178 shares during the last quarter. Finally, UBS Group AG increased its holdings in shares of Texas Roadhouse by 60.4% during the 4th quarter. UBS Group AG now owns 1,387,454 shares of the restaurant operator’s stock valued at $230,317,000 after acquiring an additional 522,509 shares during the last quarter. Institutional investors and hedge funds own 94.82% of the company’s stock.

Texas Roadhouse Price Performance

Shares of TXRH stock opened at $180.62 on Friday. The stock has a 50 day moving average of $168.07 and a two-hundred day moving average of $173.65. The company has a current ratio of 0.46, a quick ratio of 0.40 and a debt-to-equity ratio of 0.03. Texas Roadhouse, Inc. has a 12 month low of $153.82 and a 12 month high of $197.99. The company has a market capitalization of $11.87 billion, a P/E ratio of 28.85, a P/E/G ratio of 1.98 and a beta of 0.77.

Texas Roadhouse (NASDAQ:TXRH) last announced its quarterly earnings data on Thursday, May 7th. The restaurant operator reported $1.87 EPS for the quarter, topping analysts’ consensus estimates of $1.80 by $0.07. Texas Roadhouse had a return on equity of 27.86% and a net margin of 6.85%.The company had revenue of $1.63 billion during the quarter, compared to the consensus estimate of $1.64 billion. During the same quarter last year, the company earned $1.70 EPS. The company’s quarterly revenue was up 10.5% on a year-over-year basis. As a group, equities analysts expect that Texas Roadhouse, Inc. will post 6.39 EPS for the current year.

Texas Roadhouse Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 2nd will be given a $0.75 dividend. The ex-dividend date is Tuesday, June 2nd. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.7%. Texas Roadhouse’s dividend payout ratio (DPR) is currently 47.92%.

Insider Buying and Selling

In other Texas Roadhouse news, insider Lloyd Paul Marshall sold 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $178.34, for a total value of $178,340.00. Following the completion of the sale, the insider owned 10,326 shares in the company, valued at approximately $1,841,538.84. This trade represents a 8.83% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Curtis Warfield sold 2,640 shares of the firm’s stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $183.05, for a total value of $483,252.00. Following the transaction, the director owned 5,361 shares of the company’s stock, valued at $981,331.05. This trade represents a 33.00% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 18,716 shares of company stock worth $3,251,991. 0.50% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts have recently commented on TXRH shares. Stifel Nicolaus increased their price objective on Texas Roadhouse from $170.00 to $180.00 and gave the company a “hold” rating in a report on Tuesday, May 12th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $200.00 target price on shares of Texas Roadhouse in a report on Friday, May 8th. Truist Financial lowered their target price on Texas Roadhouse from $188.00 to $186.00 and set a “hold” rating on the stock in a report on Friday, February 20th. Mizuho raised their target price on Texas Roadhouse from $190.00 to $200.00 and gave the company an “outperform” rating in a report on Thursday, February 12th. Finally, BTIG Research reaffirmed a “buy” rating and issued a $200.00 target price on shares of Texas Roadhouse in a report on Friday, February 20th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and fourteen have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $196.36.

About Texas Roadhouse

Texas Roadhouse, Inc is a casual dining restaurant chain specializing in hand‐cut steaks, fall‐off‐the‐bone ribs, chicken, seafood and house specialties. Each restaurant features a Western‐themed décor, open kitchens and a signature line dance presentation of fresh, made‐from‐scratch sides and breads. The company emphasizes an energetic dining experience, focusing on hospitality, value and a family‐friendly environment.

The concept was created in 1993 by founder Kent Taylor, who sought to combine high‐quality steaks with an approachable, community‐oriented atmosphere.