Callan Family Office LLC Raises Stock Holdings in Texas Roadhouse, Inc. $TXRH

Key Points

• Callan Family Office LLC increased its holdings in Texas Roadhouse, Inc. by 195.4% during the second quarter, bringing their total shares to 7,662 valued at approximately $1.4 million.
• Significant insider activity occurred, with Director Gregory N. Moore and President Regina A. Tobin both selling shares on August 18th, leading to a combined value of over $1 million in sales.
• Texas Roadhouse announced a quarterly dividend of $0.68, representing an annualized dividend yield of 1.7% as of September 30th.

Callan Family Office LLC boosted its holdings in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 195.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,662 shares of the restaurant operator's stock after purchasing an additional 5,068 shares during the quarter. Callan Family Office LLC's holdings in Texas Roadhouse were worth $1,436,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of TXRH. Yousif Capital Management LLC raised its holdings in shares of Texas Roadhouse by 0.6% during the first quarter. Yousif Capital Management LLC now owns 16,730 shares of the restaurant operator's stock valued at $2,788,000 after acquiring an additional 92 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of Texas Roadhouse by 16.1% in the first quarter. GAMMA Investing LLC now owns 1,951 shares of the restaurant operator's stock valued at $325,000 after purchasing an additional 271 shares during the last quarter. Fifth Third Bancorp increased its holdings in shares of Texas Roadhouse by 344.7% in the first quarter. Fifth Third Bancorp now owns 2,317 shares of the restaurant operator's stock valued at $386,000 after purchasing an additional 1,796 shares during the last quarter. NorthCrest Asset Manangement LLC acquired a new stake in shares of Texas Roadhouse in the first quarter valued at approximately $262,000. Finally, Elevation Point Wealth Partners LLC increased its stake in Texas Roadhouse by 132.9% during the first quarter. Elevation Point Wealth Partners LLC now owns 5,575 shares of the restaurant operator's stock worth $929,000 after acquiring an additional 3,181 shares during the last quarter. Hedge funds and other institutional investors own 94.82% of the company's stock.

Insider Activity

In other news, Director Gregory N. Moore sold 3,000 shares of the stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $173.06, for a total value of $519,180.00. Following the transaction, the director owned 34,550 shares in the company, valued at approximately $5,979,223. This represents a 7.99% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, President Regina A. Tobin sold 3,153 shares of the stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $173.53, for a total value 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. The trade was a 17.12% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 8,342 shares of company stock worth $1,443,704. 0.50% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. Stifel Nicolaus raised their target price on Texas Roadhouse from $180.00 to $188.00 and gave the stock a "hold" rating in a research note on Friday, July 25th. The Goldman Sachs Group lowered their price target on Texas Roadhouse from $200.00 to $180.00 and set a "neutral" rating for the company in a research report on Wednesday, October 1st. Stephens raised their price target on Texas Roadhouse from $184.00 to $190.00 and gave the stock an "equal weight" rating in a research report on Friday, August 8th. Guggenheim restated a "buy" rating and set a $210.00 price target on shares of Texas Roadhouse in a research report on Tuesday, September 16th. Finally, Bank of America raised their price target on Texas Roadhouse from $203.00 to $219.00 and gave the stock a "buy" rating in a research report on Friday, July 18th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and eleven have assigned a Hold rating to the stock. According to MarketBeat, Texas Roadhouse currently has an average rating of "Moderate Buy" and a consensus target price of $196.00.

Texas Roadhouse Trading Down 2.6%

NASDAQ:TXRH opened at $163.33 on Friday. The firm has a market cap of $10.85 billion, a PE ratio of 24.94, a price-to-earnings-growth ratio of 2.24 and a beta of 0.82. The stock has a fifty day moving average price of $169.88 and a 200 day moving average price of $176.83. Texas Roadhouse, Inc. has a 12-month low of $148.73 and a 12-month high of $206.04.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last released its earnings results on Thursday, August 7th. The restaurant operator reported $1.86 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.95 by ($0.09). The company had revenue of $1.51 billion during 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 company's revenue for the quarter was up 12.7% on a year-over-year basis. During the same quarter last year, the business posted $1.79 earnings per share. Equities analysts forecast that Texas Roadhouse, Inc. will post 7.23 EPS for the current year.

Texas Roadhouse Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 2nd were issued a $0.68 dividend. The ex-dividend date was Tuesday, September 2nd. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.7%. Texas Roadhouse's dividend payout ratio is presently 41.53%.

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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