Capstone Investment Advisors LLC Purchases New Shares in Texas Roadhouse, Inc. $TXRH

Capstone Investment Advisors LLC purchased a new position in Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 17,130 shares of the restaurant operator's stock, valued at approximately $3,310,000.

Several other institutional investors and hedge funds also recently bought and sold shares of TXRH. Ranger Investment Management L.P. bought a new stake in Texas Roadhouse in the second quarter worth about $21,560,000. Stephens Investment Management Group LLC grew its stake in shares of Texas Roadhouse by 98.2% during the fourth quarter. Stephens Investment Management Group LLC now owns 370,225 shares of the restaurant operator's stock valued at $61,457,000 after buying an additional 183,422 shares during the last quarter. Callan Family Office LLC purchased a new stake in shares of Texas Roadhouse in the second quarter worth approximately $1,449,000. Bamco Inc. NY purchased a new stake in shares of Texas Roadhouse in the second quarter worth approximately $60,148,000. Finally, J. Goldman & Co LP bought a new stake in shares of Texas Roadhouse during the 2nd quarter worth approximately $10,434,000. 94.82% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

TXRH has been the topic of several research analyst reports. UBS Group upped their price objective on Texas Roadhouse from $210.00 to $235.00 and gave the company a "buy" rating in a research report on Monday, August 3rd. Robert W. Baird upgraded Texas Roadhouse to a "strong-buy" rating in a research report on Monday. Guggenheim reissued a "buy" rating and set a $210.00 target price on shares of Texas Roadhouse in a research note on Monday, May 18th. Mizuho upped their price target on shares of Texas Roadhouse from $190.00 to $230.00 and gave the stock an "outperform" rating in a report on Friday, July 31st. Finally, Citigroup lifted their price objective on shares of Texas Roadhouse from $193.00 to $209.00 and gave the company a "neutral" rating in a report on Friday, August 7th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and thirteen have assigned a Hold rating to the stock. Based on data from MarketBeat, Texas Roadhouse currently has a consensus rating of "Moderate Buy" and a consensus target price of $208.48.

Texas Roadhouse Trading Down 1.8%

TXRH opened at $200.12 on Friday. The company has a quick ratio of 0.39, a current ratio of 0.46 and a debt-to-equity ratio of 0.03. The stock's fifty day moving average is $197.77 and its two-hundred day moving average is $180.63. The company has a market capitalization of $13.14 billion, a P/E ratio of 32.02, a PEG ratio of 2.02 and a beta of 0.79. Texas Roadhouse, Inc. has a 52 week low of $153.82 and a 52 week high of $216.30.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last issued its earnings results on Thursday, August 6th. The restaurant operator reported $1.85 earnings per share for the quarter, topping the consensus estimate of $1.83 by $0.02. The business had revenue of $1.68 billion during the quarter, compared to analysts' expectations of $1.67 billion. Texas Roadhouse had a return on equity of 27.20% and a net margin of 6.63%.The business's revenue for the quarter was up 11.1% compared to the same quarter last year. During the same period in the prior year, the business earned $1.86 EPS. Analysts forecast that Texas Roadhouse, Inc. will post 6.63 earnings per share for the current year.

Texas Roadhouse Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 29th. Shareholders of record on Tuesday, September 1st will be issued a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 1.5%. The ex-dividend date is Tuesday, September 1st. Texas Roadhouse's dividend payout ratio is presently 48.00%.

Insider Activity at Texas Roadhouse

In other Texas Roadhouse news, Director Hugh J. Carroll sold 650 shares of the firm's stock in a transaction dated Tuesday, August 25th. The shares were sold at an average price of $203.99, for a total transaction of $132,593.50. Following the transaction, the director owned 2,883 shares of the company's stock, valued at approximately $588,103.17. This trade represents a 18.40% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Gregory N. Moore sold 3,000 shares of the business's stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $208.32, for a total transaction of $624,960.00. Following the completion of the sale, the director owned 26,900 shares of the company's stock, valued at approximately $5,603,808. This represents a 10.03% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 20,396 shares of company stock worth $4,143,825 over the last quarter. Corporate insiders own 0.50% of the company's stock.

About Texas Roadhouse

Texas Roadhouse, Inc is a casual dining restaurant chain specializing in hand‐cut steaks, fall‐off‐the‐bone ribs, chicken, seafood and house specialties. Each restaurant features a Western‐themed décor, open kitchens and a signature line dance presentation of fresh, made‐from‐scratch sides and breads. The company emphasizes an energetic dining experience, focusing on hospitality, value and a family‐friendly environment.

The concept was created in 1993 by founder Kent Taylor, who sought to combine high‐quality steaks with an approachable, community‐oriented atmosphere.

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