B. Metzler seel. Sohn & Co. AG Makes New Investment in Texas Roadhouse, Inc. $TXRH

Key Points

• B. Metzler seel. Sohn & Co. AG acquired 22,248 Texas Roadhouse shares during the second quarter, valued at approximately $4.3 million. Institutional investors collectively own 94.82% of the company.
• Texas Roadhouse reported quarterly revenue of $1.68 billion, up 11.1% year over year, and adjusted earnings of $1.85 per share, slightly exceeding analyst expectations. The company also declared a $0.75 quarterly dividend, or $3.00 annually.
• Analysts recently raised several price targets, but the stock retains a consensus “Hold” rating with a $208.48 target. Meanwhile, insiders sold nearly 19,745 shares worth about $4.0 million over the past 90 days, including 15,000 shares sold by the CEO under a pre-arranged trading plan.

B. Metzler seel. Sohn & Co. AG acquired a new position in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 22,248 shares of the restaurant operator's stock, valued at approximately $4,299,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TXRH. Elyxium Wealth LLC bought a new position in shares of Texas Roadhouse during the 4th quarter worth about $25,000. Basecamp Wealth Advisors LLC increased its stake in Texas Roadhouse by 5,033.3% in the first quarter. Basecamp Wealth Advisors LLC now owns 154 shares of the restaurant operator's stock valued at $25,000 after acquiring an additional 151 shares during the period. Silvant Capital Management LLC acquired a new position in Texas Roadhouse in the second quarter worth about $32,000. Measured Wealth Private Client Group LLC bought a new position in Texas Roadhouse during the third quarter worth about $33,000. Finally, Garton & Associates Financial Advisors LLC bought a new position in shares of Texas Roadhouse during the fourth quarter valued at $34,000. 94.82% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Texas Roadhouse

In other Texas Roadhouse news, CEO Gerald L. Morgan sold 15,000 shares of the stock in a transaction 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 owned 80,970 shares in the company, valued at $16,369,704.90. This represents a 15.63% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Sean G. Renfroe sold 426 shares of the business's stock in a transaction on Thursday, July 2nd. The shares were sold at an average price of $192.53, for a total value of $82,017.78. Following the sale, the general counsel owned 860 shares in the company, valued at approximately $165,575.80. The trade was a 33.13% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 19,745 shares of company stock valued at $3,998,338. Insiders own 0.50% of the company's stock.

Analyst Ratings Changes

Several analysts have weighed in on the company. Royal Bank Of Canada boosted their price objective on Texas Roadhouse from $210.00 to $235.00 and gave the stock an "outperform" rating in a report on Friday, August 7th. Mizuho lifted their target price on Texas Roadhouse from $190.00 to $230.00 and gave the stock an "outperform" rating in a research note on Friday, July 31st. Wells Fargo & Company lifted their price target on Texas Roadhouse from $220.00 to $230.00 and gave the stock an "overweight" rating in a report on Friday, August 7th. TD Cowen boosted their price target on Texas Roadhouse from $205.00 to $230.00 and gave the company a "buy" rating in a research note on Friday, August 7th. Finally, BMO Capital Markets upped their price objective on Texas Roadhouse from $165.00 to $180.00 and gave the company a "market perform" rating in a report on Thursday, May 21st. Ten investment analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the company's stock. According to data from MarketBeat, Texas Roadhouse has a consensus rating of "Hold" and a consensus price target of $208.48.

Texas Roadhouse Trading Up 1.6%

TXRH opened at $204.48 on Friday. Texas Roadhouse, Inc. has a fifty-two week low of $153.82 and a fifty-two week 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 $180.18. The firm has a market capitalization of $13.42 billion, a PE ratio of 32.72, a P/E/G ratio of 1.99 and a beta of 0.79.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last released its earnings results on Thursday, August 6th. The restaurant operator reported $1.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.83 by $0.02. Texas Roadhouse had a return on equity of 27.20% and a net margin of 6.63%.The company had revenue of $1.68 billion during the quarter, compared to analyst estimates of $1.67 billion. During the same period in the prior year, the company posted $1.86 earnings per share. Texas Roadhouse's quarterly revenue was up 11.1% on a year-over-year basis. As a group, research analysts predict that Texas Roadhouse, Inc. will post 6.63 earnings per share for the current fiscal year.

Texas Roadhouse Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 29th. Investors of record on Tuesday, September 1st will be paid a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date is Tuesday, September 1st. Texas Roadhouse's payout ratio is currently 48.00%.

Texas Roadhouse 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.

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).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source