73,765 Shares in Texas Roadhouse, Inc. $TXRH Bought by Eisler Capital Management Ltd.

Key Points

• Eisler Capital Management Ltd. has acquired 73,765 shares of Texas Roadhouse, Inc., valued at approximately $12.3 million, representing about 0.11% ownership in the company.
• Multiple hedge funds significantly increased their positions in Texas Roadhouse during the first quarter, with Axiom Investors LLC DE raising its stake by 3,696.7% to 2,173,807 shares.
• Texas Roadhouse recently reported earnings of $1.86 per share, missing estimates of $1.95, while revenue grew by 12.7% year-over-year to approximately $1.51 billion.

Eisler Capital Management Ltd. purchased a new position in Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 73,765 shares of the restaurant operator's stock, valued at approximately $12,287,000. Eisler Capital Management Ltd. owned about 0.11% of Texas Roadhouse as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also bought and sold shares of TXRH. Axiom Investors LLC DE increased its position in Texas Roadhouse by 3,696.7% during the first quarter. Axiom Investors LLC DE now owns 2,173,807 shares of the restaurant operator's stock valued at $362,221,000 after acquiring an additional 2,116,552 shares during the last quarter. T. Rowe Price Investment Management Inc. increased its position in Texas Roadhouse by 209.3% during the first quarter. T. Rowe Price Investment Management Inc. now owns 1,609,608 shares of the restaurant operator's stock valued at $268,209,000 after acquiring an additional 1,089,256 shares during the last quarter. Congress Asset Management Co. increased its position in Texas Roadhouse by 8,956.4% during the first quarter. Congress Asset Management Co. now owns 465,679 shares of the restaurant operator's stock valued at $77,596,000 after acquiring an additional 460,537 shares during the last quarter. GAMMA Investing LLC increased its position in Texas Roadhouse by 19,250.9% during the first quarter. GAMMA Investing LLC now owns 325,095 shares of the restaurant operator's stock valued at $54,171,000 after acquiring an additional 323,415 shares during the last quarter. Finally, Nuveen LLC bought a new position in Texas Roadhouse during the first quarter valued at $36,208,000. Institutional investors own 94.82% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Bank of America boosted their price objective on shares of Texas Roadhouse from $203.00 to $219.00 and gave the company a "buy" rating in a research report on Friday, July 18th. Morgan Stanley boosted their target price on shares of Texas Roadhouse from $200.00 to $205.00 and gave the company an "overweight" rating in a research note on Monday, July 14th. The Goldman Sachs Group boosted their target price on shares of Texas Roadhouse from $184.00 to $205.00 and gave the company a "neutral" rating in a research note on Wednesday, June 4th. Citigroup boosted their target price on shares of Texas Roadhouse from $180.00 to $197.00 and gave the company a "neutral" rating in a research note on Tuesday, July 29th. Finally, Stephens boosted their target price on shares of Texas Roadhouse from $184.00 to $190.00 and gave the company an "equal weight" rating in a research note on Friday, August 8th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and ten have given a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $197.85.

Insider Buying and Selling

In related news, CTO Hernan E. Mujica sold 2,189 shares of the company's stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $172.40, for a total value of $377,383.60. Following the completion of the sale, the chief technology officer directly owned 17,553 shares of the company's stock, valued at $3,026,137.20. This represents a 11.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Gregory N. Moore sold 3,000 shares of the company's stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $173.06, for a total transaction of $519,180.00. Following the completion of the sale, the director directly owned 34,550 shares of the company's stock, valued at approximately $5,979,223. This trade represents a 7.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 8,342 shares of company stock valued at $1,443,704 over the last three months. 0.50% of the stock is owned by company insiders.

Texas Roadhouse Price Performance

NASDAQ:TXRH opened at $174.72 on Wednesday. Texas Roadhouse, Inc. has a 1-year low of $148.73 and a 1-year high of $206.04. The company has a 50-day moving average of $183.56 and a 200 day moving average of $178.76. The firm has a market cap of $11.61 billion, a PE ratio of 26.67, a price-to-earnings-growth ratio of 2.42 and a beta of 0.86.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The restaurant operator reported $1.86 earnings per share for the quarter, missing analysts' consensus estimates of $1.95 by ($0.09). Texas Roadhouse had a return on equity of 31.52% and a net margin of 7.72%.The business had revenue of $1.51 billion during the quarter, compared to analysts' expectations of $1.50 billion. During the same period last year, the company earned $1.79 earnings per share. The firm's revenue was up 12.7% compared to the same quarter last year. Sell-side analysts anticipate that Texas Roadhouse, Inc. will post 7.23 EPS for the current fiscal year.

Texas Roadhouse Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Tuesday, September 2nd will be paid a $0.68 dividend. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $2.72 dividend on an annualized basis and a yield of 1.6%. Texas Roadhouse's dividend payout ratio is 41.53%.

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.

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