Texas Roadhouse, Inc. $TXRH Stock Position Raised by Renaissance Group LLC

Renaissance Group LLC grew its position in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 30.2% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 48,269 shares of the restaurant operator’s stock after buying an additional 11,191 shares during the quarter. Renaissance Group LLC’s holdings in Texas Roadhouse were worth $9,046,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in the company. Brooklyn Investment Group raised its position in Texas Roadhouse by 478.6% during the first quarter. Brooklyn Investment Group now owns 162 shares of the restaurant operator’s stock valued at $27,000 after acquiring an additional 134 shares in the last quarter. Ameritas Advisory Services LLC acquired a new position in shares of Texas Roadhouse during the 2nd quarter worth $53,000. Bogart Wealth LLC raised its holdings in shares of Texas Roadhouse by 51.5% during the 2nd quarter. Bogart Wealth LLC now owns 303 shares of the restaurant operator’s stock valued at $57,000 after purchasing an additional 103 shares in the last quarter. WPG Advisers LLC acquired a new stake in shares of Texas Roadhouse in the 1st quarter valued at $59,000. Finally, Farther Finance Advisors LLC boosted its holdings in Texas Roadhouse by 22.8% in the second quarter. Farther Finance Advisors LLC now owns 312 shares of the restaurant operator’s stock worth $59,000 after purchasing an additional 58 shares in the last quarter. Institutional investors and hedge funds own 94.82% of the company’s stock.

Insider Transactions at Texas Roadhouse

In related news, CTO Hernan E. Mujica sold 2,189 shares of the business’s stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $172.40, for a total transaction of $377,383.60. Following the transaction, the chief technology officer directly owned 17,553 shares in the company, valued at $3,026,137.20. The trade was a 11.09% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.50% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms have commented on TXRH. The Goldman Sachs Group lowered their target price on shares of Texas Roadhouse from $200.00 to $180.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 1st. Evercore ISI downgraded Texas Roadhouse from an “outperform” rating to an “in-line” rating and set a $190.00 price objective on the stock. in a research note on Thursday, September 4th. UBS Group reaffirmed a “buy” rating on shares of Texas Roadhouse in a research report on Monday, November 10th. Barclays dropped their price target on shares of Texas Roadhouse from $187.00 to $170.00 and set an “equal weight” rating on the stock in a research report on Friday, November 7th. Finally, Truist Financial decreased their price objective on shares of Texas Roadhouse from $210.00 to $195.00 and set a “buy” rating for the company in a report on Friday, November 7th. Two analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $192.95.

Texas Roadhouse Trading Up 0.8%

TXRH opened at $170.99 on Wednesday. The business has a 50 day moving average of $167.21 and a 200-day moving average of $178.13. The stock has a market capitalization of $11.36 billion, a price-to-earnings ratio of 26.11, a P/E/G ratio of 2.50 and a beta of 0.87. Texas Roadhouse, Inc. has a 1-year low of $148.73 and a 1-year high of $206.04.

Texas Roadhouse (NASDAQ:TXRH) last released its earnings results on Thursday, November 6th. The restaurant operator reported $1.25 EPS for the quarter, missing the consensus estimate of $1.28 by ($0.03). Texas Roadhouse had a net margin of 7.72% and a return on equity of 31.52%. The company had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.43 billion. During the same quarter in the previous year, the company earned $1.26 earnings per share. Texas Roadhouse’s revenue for the quarter was up 12.8% compared to the same quarter last year. Equities analysts predict that Texas Roadhouse, Inc. will post 7.23 EPS for the current year.

Texas Roadhouse Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 30th. Investors of record on Tuesday, December 2nd will be given a dividend of $0.68 per share. The ex-dividend date of this dividend is Tuesday, December 2nd. This represents a $2.72 dividend on an annualized basis and a yield of 1.6%. Texas Roadhouse’s dividend payout ratio (DPR) is 41.59%.

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.