Fiduciary Financial Group LLC Takes Position in Texas Roadhouse, Inc. $TXRH

Key Points

• Fiduciary Financial Group LLC acquired a new stake in Texas Roadhouse, purchasing 2,172 shares valued at approximately $411,000 in the second quarter.
• Texas Roadhouse reported $1.86 earnings per share (EPS) for the recent quarter, which missed analysts' expectations of $1.95, although its revenue increased by 12.7% from the previous year.
• The company announced a quarterly dividend of $0.68 per share, resulting in an annualized yield of 1.6%, with a payout ratio of 41.53%.

Fiduciary Financial Group LLC acquired a new stake in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 2,172 shares of the restaurant operator's stock, valued at approximately $411,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Advisory Alpha LLC boosted its holdings in shares of Texas Roadhouse by 3.0% in the first quarter. Advisory Alpha LLC now owns 2,063 shares of the restaurant operator's stock worth $344,000 after buying an additional 60 shares during the period. Valeo Financial Advisors LLC boosted its holdings in shares of Texas Roadhouse by 2.3% in the first quarter. Valeo Financial Advisors LLC now owns 2,750 shares of the restaurant operator's stock worth $458,000 after buying an additional 62 shares during the period. Optas LLC boosted its holdings in shares of Texas Roadhouse by 1.3% in the first quarter. Optas LLC now owns 5,217 shares of the restaurant operator's stock worth $869,000 after buying an additional 65 shares during the period. Oregon Public Employees Retirement Fund boosted its holdings in shares of Texas Roadhouse by 0.5% in the first quarter. Oregon Public Employees Retirement Fund now owns 13,627 shares of the restaurant operator's stock worth $2,271,000 after buying an additional 66 shares during the period. Finally, Smartleaf Asset Management LLC boosted its holdings in shares of Texas Roadhouse by 14.0% in the first quarter. Smartleaf Asset Management LLC now owns 601 shares of the restaurant operator's stock worth $103,000 after buying an additional 74 shares during the period. 94.82% of the stock is currently owned by institutional investors and hedge funds.

Texas Roadhouse Stock Performance

TXRH stock opened at $166.69 on Friday. The stock has a market cap of $11.08 billion, a P/E ratio of 25.45, a P/E/G ratio of 2.28 and a beta of 0.84. The firm has a 50 day simple moving average of $178.58 and a 200 day simple moving average of $178.53. 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 posted 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 business had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.50 billion. Texas Roadhouse had a net margin of 7.72% and a return on equity of 31.52%. Texas Roadhouse's revenue was up 12.7% compared to the same quarter last year. During the same quarter last year, the firm earned $1.79 earnings per share. Sell-side analysts predict that Texas Roadhouse, Inc. will post 7.23 EPS for the current year.

Texas Roadhouse Dividend Announcement

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

Analyst Ratings Changes

Several research analysts have commented on the stock. Melius Research upgraded shares of Texas Roadhouse to a "strong-buy" rating in a report on Monday, July 14th. Truist Financial set a $212.00 target price on shares of Texas Roadhouse and gave the stock a "buy" rating in a report on Wednesday, July 2nd. Guggenheim raised their price target on shares of Texas Roadhouse from $200.00 to $210.00 and gave the stock a "buy" rating in a report on Friday, July 11th. 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 report on Monday, July 14th. Finally, Citigroup raised their price target on shares of Texas Roadhouse from $180.00 to $197.00 and gave the stock a "neutral" rating in a report on Tuesday, July 29th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and eleven have given a Hold rating to the stock. According to MarketBeat, Texas Roadhouse has a consensus rating of "Moderate Buy" and a consensus target price of $197.35.

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 that occurred on 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 sale, the president directly owned 15,261 shares in the company, valued at $2,648,241.33. The trade was a 17.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Gregory N. Moore sold 3,000 shares of Texas Roadhouse stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $173.06, for a total transaction of $519,180.00. Following the completion of the sale, the director owned 34,550 shares of the company's stock, valued at $5,979,223. This trade represents a 7.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 8,342 shares of company stock worth $1,443,704 over the last ninety days. 0.50% of the stock is currently owned by insiders.

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.

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