Caitong International Asset Management Co. Ltd Invests $414,000 in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Key Points

• Caitong International Asset Management Co. Ltd has invested $414,000 in Texas Roadhouse, purchasing 2,485 shares of the company in the first quarter.
• Texas Roadhouse reported a net margin of 7.72% and a revenue of $1.51 billion for the last quarter, with earnings per share falling short of analyst estimates.
• The quarterly dividend of $0.68 per share, representing an annualized dividend yield of 1.5%, will be paid on September 30th to stockholders on record.

Caitong International Asset Management Co. Ltd purchased a new stake in Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) during the first quarter, according to its most recent filing with the SEC. The fund purchased 2,485 shares of the restaurant operator's stock, valued at approximately $414,000.

A number of other large investors have also added to or reduced their stakes in the company. Westfield Capital Management Co. LP grew its holdings in shares of Texas Roadhouse by 1.3% in the first quarter. Westfield Capital Management Co. LP now owns 702,048 shares of the restaurant operator's stock worth $116,982,000 after purchasing an additional 8,904 shares during the last quarter. TD Asset Management Inc lifted its stake in shares of Texas Roadhouse by 49.1% during the first quarter. TD Asset Management Inc now owns 600,666 shares of the restaurant operator's stock worth $100,089,000 after buying an additional 197,939 shares during the period. Northern Trust Corp lifted its position in Texas Roadhouse by 22.7% during the 4th quarter. Northern Trust Corp now owns 594,406 shares of the restaurant operator's stock worth $107,249,000 after acquiring an additional 110,128 shares during the period. Ameriprise Financial Inc. grew its stake in Texas Roadhouse by 4.5% during the 4th quarter. Ameriprise Financial Inc. now owns 541,204 shares of the restaurant operator's stock valued at $97,649,000 after purchasing an additional 23,157 shares during the last quarter. Finally, T. Rowe Price Investment Management Inc. increased its holdings in shares of Texas Roadhouse by 255.1% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 520,352 shares of the restaurant operator's stock valued at $93,888,000 after purchasing an additional 373,812 shares during the period. Institutional investors own 94.82% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on TXRH shares. The Goldman Sachs Group upped their target price on Texas Roadhouse from $184.00 to $205.00 and gave the company a "neutral" rating in a research report on Wednesday, June 4th. Guggenheim increased their price objective on shares of Texas Roadhouse from $200.00 to $210.00 and gave the stock a "buy" rating in a research note on Friday, July 11th. Stephens raised their target price on shares of Texas Roadhouse from $184.00 to $190.00 and gave the stock an "equal weight" rating in a report on Friday, August 8th. Melius began coverage on shares of Texas Roadhouse in a report on Monday, July 14th. They issued a "buy" rating and a $235.00 price target on the stock. Finally, Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of Texas Roadhouse in a report on Tuesday, July 15th. Ten investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Texas Roadhouse presently has an average rating of "Moderate Buy" and an average target price of $197.85.

Texas Roadhouse Stock Up 1.1%

Texas Roadhouse stock opened at $176.71 on Wednesday. Texas Roadhouse, Inc. has a 52-week low of $148.73 and a 52-week high of $206.04. The firm has a market capitalization of $11.72 billion, a price-to-earnings ratio of 26.98, a PEG ratio of 2.46 and a beta of 0.86. The company has a fifty day simple moving average of $186.83 and a 200-day simple moving average of $179.19.

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

Texas Roadhouse Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 2nd will be paid a $0.68 dividend. This represents a $2.72 annualized dividend and a dividend yield of 1.5%. The ex-dividend date is Tuesday, September 2nd. Texas Roadhouse's dividend payout ratio (DPR) is presently 41.53%.

Insider Activity

In related news, Director Donna E. Epps sold 800 shares of the firm's stock in a transaction that occurred on Friday, May 23rd. The shares were sold at an average price of $186.52, for a total value of $149,216.00. Following the sale, the director owned 4,632 shares of the company's stock, valued at $863,960.64. This trade represents a 14.73% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.50% of the company's stock.

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.

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