B. Metzler seel. Sohn & Co. AG Purchases 6,866 Shares of Texas Roadhouse, Inc. $TXRH

Key Points

• B. Metzler seel. Sohn & Co. AG increased its stake in Texas Roadhouse by 30.4%, buying 6,866 shares to hold 29,454 shares worth about $4.889 million at quarter end.
• Q4 results missed expectations: Texas Roadhouse reported EPS of $1.28 versus $1.53 expected and revenue of $1.48 billion versus $1.50 billion, though revenue was up 3.1% year-over-year.
• Dividend raised to $0.75 per quarter (annualized $3.00) for a 1.9% yield, with a dividend payout ratio of about 49.3%.

B. Metzler seel. Sohn & Co. AG lifted its position in Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 30.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 29,454 shares of the restaurant operator's stock after acquiring an additional 6,866 shares during the quarter. B. Metzler seel. Sohn & Co. AG's holdings in Texas Roadhouse were worth $4,889,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Evergreen Capital Management LLC lifted its holdings in shares of Texas Roadhouse by 1.7% in the 4th quarter. Evergreen Capital Management LLC now owns 3,644 shares of the restaurant operator's stock worth $605,000 after acquiring an additional 60 shares during the last quarter. NewEdge Advisors LLC lifted its holdings in shares of Texas Roadhouse by 3.1% in the 2nd quarter. NewEdge Advisors LLC now owns 2,499 shares of the restaurant operator's stock worth $468,000 after acquiring an additional 76 shares during the last quarter. Salomon & Ludwin LLC lifted its holdings in shares of Texas Roadhouse by 37.2% in the 3rd quarter. Salomon & Ludwin LLC now owns 299 shares of the restaurant operator's stock worth $50,000 after acquiring an additional 81 shares during the last quarter. Linden Thomas Advisory Services LLC lifted its holdings in shares of Texas Roadhouse by 4.4% in the 3rd quarter. Linden Thomas Advisory Services LLC now owns 2,086 shares of the restaurant operator's stock worth $347,000 after acquiring an additional 87 shares during the last quarter. Finally, Invesco LLC lifted its holdings in shares of Texas Roadhouse by 4.5% in the 3rd quarter. Invesco LLC now owns 2,086 shares of the restaurant operator's stock worth $347,000 after acquiring an additional 89 shares during the last quarter. Institutional investors own 94.82% of the company's stock.

Texas Roadhouse Price Performance

Shares of TXRH opened at $160.44 on Friday. Texas Roadhouse, Inc. has a 1-year low of $156.00 and a 1-year high of $199.99. The company has a 50-day moving average of $170.47 and a 200 day moving average of $173.18. The firm has a market capitalization of $10.58 billion, a price-to-earnings ratio of 26.34, a PEG ratio of 1.76 and a beta of 0.88.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last announced its quarterly earnings data on Thursday, February 19th. The restaurant operator reported $1.28 earnings per share for the quarter, missing analysts' consensus estimates of $1.53 by ($0.25). Texas Roadhouse had a net margin of 6.90% and a return on equity of 27.88%. The company had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.50 billion. During the same quarter in the previous year, the business earned $1.73 EPS. The company's quarterly revenue was up 3.1% compared to the same quarter last year. On average, equities analysts anticipate that Texas Roadhouse, Inc. will post 6.34 earnings per share for the current fiscal year.

Texas Roadhouse Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Tuesday, March 17th were issued a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date was Tuesday, March 17th. This is a positive change from Texas Roadhouse's previous quarterly dividend of $0.68. Texas Roadhouse's dividend payout ratio (DPR) is 49.26%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Truist Financial lowered their target price on shares of Texas Roadhouse from $188.00 to $186.00 and set a "hold" rating for the company in a report on Friday, February 20th. BMO Capital Markets reiterated a "market perform" rating and set a $165.00 price objective on shares of Texas Roadhouse in a report on Friday, February 20th. Deutsche Bank Aktiengesellschaft set a $195.00 price objective on shares of Texas Roadhouse in a report on Wednesday, April 15th. Benchmark reiterated a "hold" rating on shares of Texas Roadhouse in a report on Monday, February 23rd. Finally, Wall Street Zen upgraded shares of Texas Roadhouse from a "sell" rating to a "hold" rating in a report on Saturday, April 11th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and thirteen have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $195.52.

Insider Buying and Selling at Texas Roadhouse

In other Texas Roadhouse news, Director Hugh J. Carroll sold 988 shares of the firm's stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $170.96, for a total transaction of $168,908.48. Following the transaction, the director owned 866 shares of the company's stock, valued at approximately $148,051.36. This trade represents a 53.29% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, President Regina A. Tobin sold 4,450 shares of the firm's stock in a transaction dated Thursday, March 19th. The shares were sold at an average price of $171.00, for a total transaction of $760,950.00. Following the transaction, the president directly owned 13,778 shares in the company, valued at $2,356,038. This trade represents a 24.41% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 12,988 shares of company stock worth $2,218,144. 0.50% of the stock is currently owned by company insiders.

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.

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