Hsbc Holdings PLC increased its holdings in Texas Roadhouse, Inc. (NASDAQ:TXRH – Free Report) by 182.2% during the first quarter, Holdings Channel reports. The firm owned 24,906 shares of the restaurant operator’s stock after purchasing an additional 16,080 shares during the period. Hsbc Holdings PLC’s holdings in Texas Roadhouse were worth $4,115,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. AQR Capital Management LLC raised its position in shares of Texas Roadhouse by 27.4% during the fourth quarter. AQR Capital Management LLC now owns 2,674,102 shares of the restaurant operator’s stock worth $443,901,000 after purchasing an additional 575,685 shares during the period. Capital World Investors lifted its holdings in shares of Texas Roadhouse by 13.4% during the fourth quarter. Capital World Investors now owns 2,537,290 shares of the restaurant operator’s stock valued at $421,190,000 after purchasing an additional 300,405 shares during the last quarter. UBS Group AG boosted its position in shares of Texas Roadhouse by 60.4% in the 4th quarter. UBS Group AG now owns 1,387,454 shares of the restaurant operator’s stock valued at $230,317,000 after purchasing an additional 522,509 shares during the period. Geode Capital Management LLC boosted its position in shares of Texas Roadhouse by 1.9% in the 4th quarter. Geode Capital Management LLC now owns 1,367,120 shares of the restaurant operator’s stock valued at $226,984,000 after purchasing an additional 24,834 shares during the period. Finally, Wellington Management Group LLP increased its stake in Texas Roadhouse by 228.4% in the 4th quarter. Wellington Management Group LLP now owns 1,329,052 shares of the restaurant operator’s stock worth $220,623,000 after purchasing an additional 924,306 shares in the last quarter. 94.82% of the stock is owned by institutional investors and hedge funds.
Texas Roadhouse Stock Up 1.3%
Shares of Texas Roadhouse stock opened at $193.27 on Friday. The stock has a market capitalization of $12.70 billion, a P/E ratio of 30.87, a PEG ratio of 2.11 and a beta of 0.78. The company has a quick ratio of 0.40, a current ratio of 0.46 and a debt-to-equity ratio of 0.03. The stock has a 50 day moving average price of $181.84 and a two-hundred day moving average price of $177.36. Texas Roadhouse, Inc. has a 12-month low of $153.82 and a 12-month high of $200.11.
Texas Roadhouse Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 2nd were given a dividend of $0.75 per share. The ex-dividend date was Tuesday, June 2nd. This represents a $3.00 annualized dividend and a dividend yield of 1.6%. Texas Roadhouse’s payout ratio is presently 47.92%.
Insiders Place Their Bets
In related news, Director Jane Grote Abell sold 339 shares of Texas Roadhouse stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $177.43, for a total transaction of $60,148.77. Following the transaction, the director owned 2,161 shares of the company’s stock, valued at $383,426.23. This trade represents a 13.56% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Gregory N. Moore sold 1,250 shares of the firm’s stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $178.14, for a total value of $222,675.00. Following the sale, the director directly owned 30,900 shares in the company, valued at approximately $5,504,526. This represents a 3.89% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 6,154 shares of company stock valued at $1,115,864 in the last ninety days. 0.50% of the stock is currently owned by insiders.
Wall Street Analyst Weigh In
A number of equities research analysts have recently issued reports on TXRH shares. Morgan Stanley restated an “overweight” rating and set a $201.00 price target on shares of Texas Roadhouse in a report on Friday, May 8th. Guggenheim reaffirmed a “buy” rating and issued a $210.00 price objective on shares of Texas Roadhouse in a research note on Monday, May 18th. Wells Fargo & Company lifted their price objective on shares of Texas Roadhouse from $200.00 to $220.00 and gave the stock an “overweight” rating in a research report on Thursday, July 16th. Wall Street Zen raised shares of Texas Roadhouse from a “sell” rating to a “hold” rating in a research note on Sunday, May 10th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Texas Roadhouse in a report on Friday, May 29th. Ten analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $194.90.
View Our Latest Analysis on Texas Roadhouse
Texas Roadhouse Company 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.
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