Mutual of America Capital Management LLC Has $6.36 Million Position in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Mutual of America Capital Management LLC lessened its stake in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 2.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 35,240 shares of the restaurant operator’s stock after selling 797 shares during the quarter. Mutual of America Capital Management LLC owned 0.05% of Texas Roadhouse worth $6,358,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in TXRH. Versor Investments LP increased its stake in shares of Texas Roadhouse by 2.2% in the fourth quarter. Versor Investments LP now owns 13,920 shares of the restaurant operator’s stock worth $2,512,000 after acquiring an additional 299 shares during the last quarter. Oppenheimer Asset Management Inc. grew its stake in Texas Roadhouse by 0.8% in the fourth quarter. Oppenheimer Asset Management Inc. now owns 14,584 shares of the restaurant operator’s stock valued at $2,631,000 after purchasing an additional 115 shares in the last quarter. Birinyi Associates Inc. increased its position in Texas Roadhouse by 16.9% in the 4th quarter. Birinyi Associates Inc. now owns 22,886 shares of the restaurant operator’s stock worth $4,129,000 after purchasing an additional 3,315 shares during the last quarter. Illinois Municipal Retirement Fund raised its stake in shares of Texas Roadhouse by 20.3% during the 4th quarter. Illinois Municipal Retirement Fund now owns 12,755 shares of the restaurant operator’s stock worth $2,301,000 after purchasing an additional 2,149 shares in the last quarter. Finally, Los Angeles Capital Management LLC acquired a new stake in shares of Texas Roadhouse during the 4th quarter valued at about $2,393,000. Hedge funds and other institutional investors own 94.82% of the company’s stock.

Texas Roadhouse Stock Performance

NASDAQ TXRH opened at $181.21 on Tuesday. Texas Roadhouse, Inc. has a twelve month low of $146.75 and a twelve month high of $206.04. The stock has a market cap of $12.09 billion, a PE ratio of 28.01, a PEG ratio of 1.23 and a beta of 1.02. The firm has a 50-day simple moving average of $178.58 and a 200 day simple moving average of $180.67.

Texas Roadhouse (NASDAQ:TXRH) last announced its quarterly earnings data on Thursday, February 20th. The restaurant operator reported $1.73 EPS for the quarter, topping analysts’ consensus estimates of $1.66 by $0.07. The company had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.41 billion. Texas Roadhouse had a return on equity of 34.02% and a net margin of 8.07%. Research analysts forecast that Texas Roadhouse, Inc. will post 7.23 earnings per share for the current fiscal year.

Texas Roadhouse Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 18th will be issued a $0.68 dividend. This represents a $2.72 annualized dividend and a yield of 1.50%. The ex-dividend date is Tuesday, March 18th. This is a positive change from Texas Roadhouse’s previous quarterly dividend of $0.61. Texas Roadhouse’s payout ratio is 42.04%.

Insider Activity

In other news, Director Gregory N. Moore sold 2,700 shares of the company’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $168.26, for a total value of $454,302.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CTO Hernan E. Mujica sold 2,050 shares of the firm’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $170.66, for a total value of $349,853.00. Following the transaction, the chief technology officer now owns 17,162 shares of the company’s stock, valued at $2,928,866.92. This trade represents a 10.67 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 11,470 shares of company stock worth $2,010,238. 0.50% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Citigroup increased their price objective on Texas Roadhouse from $212.00 to $213.00 and gave the stock a “buy” rating in a report on Friday, February 21st. Wedbush cut their price target on shares of Texas Roadhouse from $220.00 to $200.00 and set an “outperform” rating on the stock in a report on Friday, February 21st. Barclays reduced their price objective on shares of Texas Roadhouse from $194.00 to $178.00 and set an “equal weight” rating for the company in a research note on Friday, February 21st. Gordon Haskett downgraded shares of Texas Roadhouse from a “buy” rating to a “hold” rating and set a $192.00 target price on the stock. in a research report on Wednesday, January 8th. Finally, Stifel Nicolaus reduced their price target on Texas Roadhouse from $185.00 to $172.00 and set a “hold” rating for the company in a research report on Friday, February 21st. Eleven equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $192.73.

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.