Callan Family Office LLC purchased a new stake in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 7,498 shares of the restaurant operator's stock, valued at approximately $1,449,000.
Other large investors have also added to or reduced their stakes in the company. Stephens Investment Management Group LLC increased its position in shares of Texas Roadhouse by 98.2% in the fourth quarter. Stephens Investment Management Group LLC now owns 370,225 shares of the restaurant operator's stock valued at $61,457,000 after acquiring an additional 183,422 shares during the period. Jefferies Financial Group Inc. purchased a new stake in shares of Texas Roadhouse during the fourth quarter worth about $977,000. Amica Mutual Insurance Co. bought a new stake in shares of Texas Roadhouse in the fourth quarter worth about $989,000. Geode Capital Management LLC grew its stake in shares of Texas Roadhouse by 1.9% in the fourth quarter. Geode Capital Management LLC now owns 1,367,120 shares of the restaurant operator's stock worth $226,984,000 after purchasing an additional 24,834 shares during the last quarter. Finally, MUFG Securities EMEA plc bought a new stake in shares of Texas Roadhouse in the fourth quarter worth about $29,714,000. Institutional investors own 94.82% of the company's stock.
Insider Transactions at Texas Roadhouse
In related news, CEO Gerald L. Morgan sold 15,000 shares of Texas Roadhouse stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $202.17, for a total transaction of $3,032,550.00. Following the sale, the chief executive officer directly owned 80,970 shares in the company, valued at $16,369,704.90. The trade was a 15.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Christopher C. Colson sold 499 shares of Texas Roadhouse stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $179.22, for a total value of $89,430.78. Following the sale, the insider owned 14,500 shares in the company, valued at $2,598,690. This represents a 3.33% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 19,745 shares of company stock worth $3,998,338. 0.50% of the stock is owned by insiders.
Analyst Ratings Changes
A number of research analysts have commented on the company. Royal Bank Of Canada upped their price target on Texas Roadhouse from $210.00 to $235.00 and gave the company an "outperform" rating in a research report on Friday, August 7th. Wall Street Zen upgraded Texas Roadhouse from a "sell" rating to a "hold" rating in a research report on Sunday, May 10th. Stephens boosted their target price on Texas Roadhouse from $180.00 to $205.00 and gave the company an "equal weight" rating in a research note on Friday, August 7th. Wells Fargo & Company boosted their target price on Texas Roadhouse from $220.00 to $230.00 and gave the company an "overweight" rating in a research note on Friday, August 7th. Finally, Citigroup upped their target price on Texas Roadhouse from $193.00 to $209.00 and gave the company a "neutral" rating in a report on Friday, August 7th. Ten investment analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $208.48.
Check Out Our Latest Research Report on TXRH
Texas Roadhouse Price Performance
Shares of NASDAQ TXRH opened at $204.48 on Monday. Texas Roadhouse, Inc. has a 1 year low of $153.82 and a 1 year high of $216.30. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.46 and a quick ratio of 0.39. The company's 50-day moving average is $195.26 and its 200 day moving average is $180.16. The stock has a market capitalization of $13.42 billion, a P/E ratio of 32.72, a P/E/G ratio of 2.02 and a beta of 0.79.
Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The restaurant operator reported $1.85 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.83 by $0.02. Texas Roadhouse had a net margin of 6.63% and a return on equity of 27.20%. The company had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.67 billion. During the same period in the prior year, the firm earned $1.86 earnings per share. Texas Roadhouse's revenue was up 11.1% on a year-over-year basis. On average, sell-side analysts expect that Texas Roadhouse, Inc. will post 6.63 earnings per share for the current year.
Texas Roadhouse Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 29th. Shareholders of record on Tuesday, September 1st will be issued a dividend of $0.75 per share. The ex-dividend date 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 is 48.00%.
About Texas Roadhouse
(
Free Report)
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.
Further Reading
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).
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