Callan Family Office LLC Has $432,000 Stock Position in Texas Roadhouse, Inc. $TXRH

Key Points

• Callan Family Office LLC has reduced its stake in Texas Roadhouse, selling 4,483 shares and owning a total of 2,594 shares, valued at approximately $432,000, at the end of the first quarter.
• Texas Roadhouse's recent quarterly earnings reported an EPS of $1.86, missing the consensus estimate of $1.95, while revenue increased by 12.7% year-over-year.
• The company has announced a quarterly dividend of $0.68 per share, set to be paid on September 30th, representing a yield of 1.6%.

Callan Family Office LLC decreased its stake in Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 63.3% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,594 shares of the restaurant operator's stock after selling 4,483 shares during the period. Callan Family Office LLC's holdings in Texas Roadhouse were worth $432,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Congress Asset Management Co. boosted its stake in Texas Roadhouse by 8,956.4% during the 1st quarter. Congress Asset Management Co. now owns 465,679 shares of the restaurant operator's stock worth $77,596,000 after purchasing an additional 460,537 shares during the period. T. Rowe Price Investment Management Inc. boosted its stake in Texas Roadhouse by 255.1% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 520,352 shares of the restaurant operator's stock worth $93,888,000 after purchasing an additional 373,812 shares during the period. GAMMA Investing LLC boosted its stake in Texas Roadhouse by 19,250.9% during the 1st quarter. GAMMA Investing LLC now owns 325,095 shares of the restaurant operator's stock worth $54,171,000 after purchasing an additional 323,415 shares during the period. Nuveen LLC acquired a new stake in Texas Roadhouse during the 1st quarter worth $36,208,000. Finally, TD Asset Management Inc raised its position in Texas Roadhouse by 49.1% during the 1st 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 last quarter. Institutional investors and hedge funds own 94.82% of the company's stock.

Insider Buying and Selling at Texas Roadhouse

In related news, Director Donna E. Epps sold 800 shares of the stock in a transaction that occurred on Friday, May 23rd. The stock was sold at an average price of $186.52, for a total value of $149,216.00. Following the transaction, the director owned 4,632 shares in the company, valued at approximately $863,960.64. This represents a 14.73% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.50% of the stock is owned by corporate insiders.

Texas Roadhouse Stock Performance

Shares of TXRH traded up $1.03 during midday trading on Monday, hitting $173.87. 820,999 shares of the stock traded hands, compared to its average volume of 1,112,078. Texas Roadhouse, Inc. has a 1-year low of $148.73 and a 1-year high of $206.04. The firm has a market capitalization of $11.55 billion, a PE ratio of 26.52, a price-to-earnings-growth ratio of 2.36 and a beta of 0.86. The business's 50 day moving average price is $185.61 and its two-hundred day moving average price is $179.01.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last posted its quarterly earnings data 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 return on equity of 31.52% and a net margin of 7.72%. The company had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.50 billion. During the same period in the previous year, the company earned $1.79 EPS. The business's revenue for the quarter was up 12.7% compared to the same quarter last year. As a group, equities research analysts forecast that Texas Roadhouse, Inc. will post 7.23 EPS for the current fiscal year.

Texas Roadhouse Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 2nd will be issued a $0.68 dividend. 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 is currently 41.53%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on TXRH shares. Citigroup upped their price objective on shares of Texas Roadhouse from $180.00 to $197.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 29th. The Goldman Sachs Group increased their price objective on shares of Texas Roadhouse from $184.00 to $205.00 and gave the company a "neutral" rating in a research note on Wednesday, June 4th. Morgan Stanley raised their price target on shares of Texas Roadhouse from $200.00 to $205.00 and gave the stock an "overweight" rating in a research note on Monday, July 14th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of Texas Roadhouse in a research report on Tuesday, July 15th. Finally, Truist Financial set a $212.00 target price on shares of Texas Roadhouse and gave the stock a "buy" rating in a research report on Wednesday, July 2nd. Ten research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Texas Roadhouse currently has an average rating of "Moderate Buy" and a consensus price target of $197.85.

Texas Roadhouse 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.