Bokf Na Buys New Position in Texas Roadhouse, Inc. $TXRH

Key Points

• BOKF NA bought 8,017 Texas Roadhouse shares in the third quarter, valued at approximately $1.25 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.
• Shares opened at $182.52, while analysts maintain a “Moderate Buy” consensus rating with an average price target of $206.32. The company also pays a quarterly dividend of $0.75 per share, yielding about 1.6% annually.

Bokf Na bought a new stake in Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 8,017 shares of the restaurant operator's stock, valued at approximately $1,253,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in TXRH. Motley Fool Asset Management LLC lifted its position in Texas Roadhouse by 16.6% during the 3rd quarter. Motley Fool Asset Management LLC now owns 1,914 shares of the restaurant operator's stock valued at $299,000 after acquiring an additional 272 shares during the period. VestGen Advisors LLC increased its stake in shares of Texas Roadhouse by 18.2% during the third quarter. VestGen Advisors LLC now owns 1,744 shares of the restaurant operator's stock valued at $273,000 after purchasing an additional 269 shares in the last quarter. Verdence Capital Advisors LLC bought a new position in shares of Texas Roadhouse during the third quarter valued at approximately $326,000. Signaturefd LLC raised its stake in Texas Roadhouse by 3.3% during the third quarter. Signaturefd LLC now owns 1,905 shares of the restaurant operator's stock valued at $298,000 after buying an additional 61 shares during the last quarter. Finally, Citizens Financial Group Inc. RI raised its position in shares of Texas Roadhouse by 58.2% in the 3rd quarter. Citizens Financial Group Inc. RI now owns 7,728 shares of the restaurant operator's stock worth $1,208,000 after purchasing an additional 2,842 shares during the last quarter. Hedge funds and other institutional investors own 94.82% of the company's stock.

Insider Activity at Texas Roadhouse

In other Texas Roadhouse news, insider Lloyd Marshall sold 500 shares of the firm's stock in a transaction dated Wednesday, August 26th. The shares were sold at an average price of $204.65, for a total value of $102,325.00. Following the completion of the sale, the insider owned 9,826 shares of the company's stock, valued at $2,010,890.90. This trade represents a 4.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Gerald Morgan sold 15,000 shares of the firm's stock in a transaction dated 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 completion of the sale, the chief executive officer directly 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 position. 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. Insiders sold a total of 19,970 shares of company stock worth $4,061,808 in the last three months. 0.50% of the stock is owned by insiders.

Texas Roadhouse Trading Down 0.2%

Shares of TXRH stock opened at $182.52 on Friday. The company has a market cap of $11.98 billion, a PE ratio of 29.20, a price-to-earnings-growth ratio of 1.98 and a beta of 0.80. Texas Roadhouse, Inc. has a 1 year low of $153.82 and a 1 year high of $216.30. The stock's 50 day simple moving average is $174.19 and its two-hundred day simple moving average is $179.15. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.46 and a quick ratio of 0.39.

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 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 for the quarter, compared to analyst estimates of $1.67 billion. During the same quarter in the prior year, the firm posted $1.86 EPS. Texas Roadhouse's quarterly revenue was up 11.1% compared to the same quarter last year. Research analysts predict that Texas Roadhouse, Inc. will post 6.48 earnings per share for the current year.

Texas Roadhouse Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 29th. Investors of record on Tuesday, September 1st were paid a dividend of $0.75 per share. The ex-dividend date of this dividend was Tuesday, September 1st. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.6%. Texas Roadhouse's payout ratio is currently 48.00%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on TXRH shares. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and set a $235.00 price objective on shares of Texas Roadhouse in a research report on Monday, August 3rd. Robert W. Baird upgraded shares of Texas Roadhouse to a "strong-buy" rating in a research note on Monday, August 24th. Piper Sandler lifted their target price on Texas Roadhouse from $192.00 to $208.00 and gave the company a "neutral" rating in a research report on Monday, August 10th. TD Cowen decreased their price objective on shares of Texas Roadhouse from $230.00 to $195.00 and set a "buy" rating on the stock in a research report on Friday, October 16th. Finally, JPMorgan Chase & Co. lowered their price target on Texas Roadhouse from $202.00 to $200.00 and set a "neutral" rating on the stock in a report on Tuesday, September 29th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $206.32.

About Texas Roadhouse

Texas Roadhouse, Inc NASDAQ: TXRH operates full-service casual dining restaurants under the Texas Roadhouse, Bubba's 33 and Jaggers brands. Its restaurants serve made-from-scratch meals centered on hand-cut steaks, ribs, chicken, seafood, burgers and other American-style dishes, along with freshly baked rolls and a selection of beverages.

Founded in 1993, Texas Roadhouse began with its first restaurant in Clarksville, Indiana. The company's restaurant network includes company-owned and franchised locations across the United States, as well as international locations.

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