AXQ Capital LP increased its position in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 98.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 10,829 shares of the restaurant operator's stock after purchasing an additional 5,379 shares during the quarter. AXQ Capital LP's holdings in Texas Roadhouse were worth $2,092,000 as of its most recent SEC filing.
Other large investors have also recently made changes to their positions in the company. BlackRock Inc. bought a new stake in Texas Roadhouse during the second quarter worth about $1,273,173,000. Balyasny Asset Management L.P. bought a new position in shares of Texas Roadhouse during the 3rd quarter valued at about $157,310,000. Wellington Management Group LLP grew its position in Texas Roadhouse by 228.4% during the fourth quarter. Wellington Management Group LLP now owns 1,329,052 shares of the restaurant operator's stock valued at $220,623,000 after acquiring an additional 924,306 shares during the last quarter. Norges Bank bought a new position in Texas Roadhouse during the fourth quarter valued at approximately $145,734,000. Finally, Steadfast Capital Management LP boosted its stake in shares of Texas Roadhouse by 99.2% in the 3rd quarter. Steadfast Capital Management LP now owns 1,275,648 shares of the restaurant operator's stock valued at $211,949,000 after purchasing an additional 635,178 shares in the last quarter. 94.82% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling
In other Texas Roadhouse news, insider Lloyd Marshall sold 500 shares of the stock in a transaction dated Wednesday, August 26th. The shares were sold at an average price of $204.65, for a total transaction of $102,325.00. Following the completion of the sale, the insider directly owned 9,826 shares of the company's stock, valued at approximately $2,010,890.90. This represents a 4.84% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Gerald L. Morgan sold 15,000 shares of Texas Roadhouse stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $202.17, for a total transaction of $3,032,550.00. Following the sale, the chief executive officer owned 80,970 shares of the company's stock, valued at approximately $16,369,704.90. The trade was a 15.63% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 20,396 shares of company stock worth $4,143,825 over the last 90 days. 0.50% of the stock is currently owned by company insiders.
Texas Roadhouse Trading Up 0.3%
Shares of Texas Roadhouse stock opened at $189.55 on Friday. Texas Roadhouse, Inc. has a 12-month low of $153.82 and a 12-month high of $216.30. The stock has a market cap of $12.44 billion, a P/E ratio of 30.33, a P/E/G ratio of 1.86 and a beta of 0.78. The business's 50 day moving average is $198.65 and its 200-day moving average is $181.04. 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 (NASDAQ:TXRH - Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The restaurant operator reported $1.85 EPS for the quarter, beating 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 business had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.67 billion. During the same quarter in the prior year, the business earned $1.86 EPS. Texas Roadhouse's quarterly revenue was up 11.1% on a year-over-year basis. Equities research analysts predict that Texas Roadhouse, Inc. will post 6.64 earnings per share for the current fiscal year.
Texas Roadhouse Announces Dividend
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 given a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend is Tuesday, September 1st. Texas Roadhouse's dividend payout ratio (DPR) is 48.00%.
Wall Street Analysts Forecast Growth
TXRH has been the subject of a number of research analyst reports. Mizuho lifted their target price on Texas Roadhouse from $190.00 to $230.00 and gave the company an "outperform" rating in a research report on Friday, July 31st. Guggenheim reiterated a "buy" rating and set a $210.00 target price on shares of Texas Roadhouse in a report on Monday, May 18th. BMO Capital Markets raised their target price on shares of Texas Roadhouse from $165.00 to $180.00 and gave the company a "market perform" rating in a research report on Thursday, May 21st. Wall Street Zen raised shares of Texas Roadhouse from a "sell" rating to a "hold" rating in a research report on Sunday, May 10th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Texas Roadhouse from $182.00 to $188.00 and gave the company a "neutral" rating in a report on Thursday, May 14th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and twelve have issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $209.40.
View Our Latest Report on TXRH
Texas Roadhouse Profile
(
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.
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