Broadleaf Partners LLC Takes Position in Texas Roadhouse, Inc. $TXRH

Key Points

• Broadleaf Partners LLC acquired a new stake in Texas Roadhouse, buying 17,690 shares worth approximately $2.95 million in the first quarter.
• Various institutional investors significantly increased their holdings, with Axiom Investors LLC DE boosting its stake by 3,696.7% to 2.17 million shares, valued at $362.2 million.
• Texas Roadhouse recently announced a quarterly dividend of $0.68 per share, which will be paid to stockholders on September 30th, reflecting a 1.5% dividend yield.

Broadleaf Partners LLC bought a new stake in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 17,690 shares of the restaurant operator's stock, valued at approximately $2,948,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Brooklyn Investment Group boosted its position in Texas Roadhouse by 478.6% during the 1st quarter. Brooklyn Investment Group now owns 162 shares of the restaurant operator's stock valued at $27,000 after acquiring an additional 134 shares in the last quarter. Bogart Wealth LLC bought a new stake in Texas Roadhouse during the 1st quarter valued at $33,000. Coppell Advisory Solutions LLC boosted its position in Texas Roadhouse by 56.8% during the 4th quarter. Coppell Advisory Solutions LLC now owns 196 shares of the restaurant operator's stock valued at $35,000 after acquiring an additional 71 shares in the last quarter. Park Place Capital Corp boosted its position in Texas Roadhouse by 459.1% during the 1st quarter. Park Place Capital Corp now owns 369 shares of the restaurant operator's stock valued at $61,000 after acquiring an additional 303 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB boosted its position in Texas Roadhouse by 41.9% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 379 shares of the restaurant operator's stock valued at $63,000 after acquiring an additional 112 shares in the last quarter. Institutional investors own 94.82% of the company's stock.

Insider Buying and Selling at Texas Roadhouse

In other Texas Roadhouse news, President Regina A. Tobin sold 3,153 shares of Texas Roadhouse stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $173.53, for a total transaction of $547,140.09. Following the completion of the transaction, the president owned 15,261 shares in the company, valued at approximately $2,648,241.33. This trade represents a 17.12% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CTO Hernan E. Mujica sold 2,189 shares of Texas Roadhouse stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $172.40, for a total value of $377,383.60. Following the transaction, the chief technology officer owned 17,553 shares of the company's stock, valued at $3,026,137.20. The trade was a 11.09% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 8,342 shares of company stock worth $1,443,704. Insiders own 0.50% of the company's stock.

Texas Roadhouse Stock Performance

TXRH stock traded down $2.04 during midday trading on Tuesday, reaching $174.72. The stock had a trading volume of 1,053,521 shares, compared to its average volume of 1,105,145. The firm has a fifty day simple moving average of $183.56 and a two-hundred day simple moving average of $178.76. The stock has a market cap of $11.61 billion, a PE ratio of 26.67, a P/E/G ratio of 2.42 and a beta of 0.86. Texas Roadhouse, Inc. has a 52-week low of $148.73 and a 52-week high of $206.04.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The restaurant operator reported $1.86 earnings per share for the quarter, missing analysts' consensus estimates of $1.95 by ($0.09). The company had revenue of $1.51 billion for the quarter, compared to analysts' expectations of $1.50 billion. Texas Roadhouse had a net margin of 7.72% and a return on equity of 31.52%. The business's quarterly revenue was up 12.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.79 EPS. On average, sell-side analysts predict that Texas Roadhouse, Inc. will post 7.23 EPS for the current fiscal year.

Texas Roadhouse Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 2nd will be paid a dividend of $0.68 per share. The ex-dividend date is Tuesday, September 2nd. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.6%. Texas Roadhouse's dividend payout ratio (DPR) is presently 41.53%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on TXRH shares. Stifel Nicolaus raised their price objective on Texas Roadhouse from $180.00 to $188.00 and gave the stock a "hold" rating in a research report on Friday, July 25th. The Goldman Sachs Group raised their price objective on Texas Roadhouse from $184.00 to $205.00 and gave the stock a "neutral" rating in a research report on Wednesday, June 4th. Barclays raised their price objective on Texas Roadhouse from $175.00 to $189.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 17th. Truist Financial set a $212.00 price objective on Texas Roadhouse and gave the stock a "buy" rating in a research report on Wednesday, July 2nd. Finally, Morgan Stanley raised their price objective on Texas Roadhouse from $200.00 to $205.00 and gave the stock an "overweight" rating in a research report on Monday, July 14th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat.com, Texas Roadhouse currently has a consensus rating of "Moderate Buy" and a consensus target price of $197.85.

Texas Roadhouse Company Profile

Texas Roadhouse, Inc, together with its subsidiaries, operates casual dining restaurants in the United States and internationally. It also operates and franchises restaurants under the Texas Roadhouse, Bubba's 33, and Jaggers names in 49 states and ten internationally. Texas Roadhouse, Inc was founded in 1993 and is based in Louisville, Kentucky.