Quantbot Technologies LP acquired a new position in Texas Roadhouse, Inc. (NASDAQ:TXRH – Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 12,452 shares of the restaurant operator’s stock, valued at approximately $2,406,000.
Several other institutional investors have also recently made changes to their positions in TXRH. NewEdge Advisors LLC lifted its holdings in Texas Roadhouse by 12.0% in the 1st quarter. NewEdge Advisors LLC now owns 2,423 shares of the restaurant operator’s stock worth $404,000 after purchasing an additional 259 shares in the last quarter. Focus Partners Wealth boosted its stake in Texas Roadhouse by 23.3% in the 1st quarter. Focus Partners Wealth now owns 6,124 shares of the restaurant operator’s stock worth $1,020,000 after purchasing an additional 1,157 shares during the period. Geneos Wealth Management Inc. grew its holdings in Texas Roadhouse by 36.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 419 shares of the restaurant operator’s stock valued at $70,000 after buying an additional 111 shares in the last quarter. Sivia Capital Partners LLC purchased a new stake in Texas Roadhouse during the 2nd quarter valued at approximately $657,000. Finally, Marshall Wace LLP bought a new stake in shares of Texas Roadhouse during the second quarter valued at approximately $1,936,000. Hedge funds and other institutional investors own 94.82% of the company’s stock.
Analyst Upgrades and Downgrades
TXRH has been the topic of several research analyst reports. Mizuho boosted their target price on shares of Texas Roadhouse from $190.00 to $230.00 and gave the stock an “outperform” rating in a report on Friday, July 31st. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $235.00 target price on shares of Texas Roadhouse in a research note on Monday, August 3rd. Stifel Nicolaus lifted their price target on shares of Texas Roadhouse from $170.00 to $180.00 and gave the company a “hold” rating in a report on Tuesday, May 12th. BMO Capital Markets boosted their price target on shares of Texas Roadhouse from $165.00 to $180.00 and gave the stock a “market perform” rating in a research note on Thursday, May 21st. Finally, TD Cowen boosted their price target on shares of Texas Roadhouse from $205.00 to $230.00 and gave the stock a “buy” rating in a research note on Friday, August 7th. Ten analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $208.48.
Texas Roadhouse Price Performance
Texas Roadhouse stock opened at $204.48 on Monday. The company has a market cap of $13.42 billion, a price-to-earnings ratio of 32.72, a PEG ratio of 2.02 and a beta of 0.79. The firm’s fifty day moving average is $195.26 and its 200 day moving average is $180.16. The company has a quick ratio of 0.39, a current ratio of 0.46 and a debt-to-equity ratio of 0.03. Texas Roadhouse, Inc. has a 52-week low of $153.82 and a 52-week high of $216.30.
Texas Roadhouse (NASDAQ:TXRH – Get Free Report) last released its quarterly earnings data on Thursday, August 6th. The restaurant operator reported $1.85 EPS for the quarter, beating the consensus estimate of $1.83 by $0.02. Texas Roadhouse had a net margin of 6.63% and a return on equity of 27.20%. The business had revenue of $1.68 billion during the quarter, compared to analyst estimates of $1.67 billion. During the same quarter last year, the business earned $1.86 earnings per share. Texas Roadhouse’s quarterly revenue was up 11.1% compared to the same quarter last year. Sell-side analysts forecast that Texas Roadhouse, Inc. will post 6.63 EPS for the current fiscal year.
Texas Roadhouse Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 29th. Investors of record on Tuesday, September 1st will be issued a $0.75 dividend. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.5%. Texas Roadhouse’s dividend payout ratio (DPR) is presently 48.00%.
Insider Transactions at Texas Roadhouse
In other Texas Roadhouse news, Director Gregory N. Moore sold 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $208.32, for a total transaction of $624,960.00. Following the sale, the director directly owned 26,900 shares in the company, valued at $5,603,808. This represents a 10.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, General Counsel Sean G. Renfroe sold 426 shares of the company’s stock in a transaction that occurred on Thursday, July 2nd. The shares were sold at an average price of $192.53, for a total value of $82,017.78. Following the sale, the general counsel owned 860 shares in the company, valued at approximately $165,575.80. This trade represents a 33.13% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 19,745 shares of company stock worth $3,998,338 in the last quarter. Company insiders own 0.50% of the company’s stock.
Texas Roadhouse Profile
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.
Featured Stories
- Five stocks we like better than Texas Roadhouse
- VIG, VYM, and VYMI: Which Vanguard Dividend ETF Is Right for You?
- 3 Closed-End Funds to Maximize Dividend Payments
- Rocket Lab’s Sell-Off Is Fading—Is It Finally Safe to Buy?
- $27 Billion in Buybacks: 3 Stocks Betting Their Strong Runs Aren’t Over
Want to see what other hedge funds are holding TXRH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Texas Roadhouse, Inc. (NASDAQ:TXRH – Free Report).
Receive News & Ratings for Texas Roadhouse Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Texas Roadhouse and related companies with MarketBeat.com's FREE daily email newsletter.
