Fiduciary Financial Group LLC Acquires Shares of 2,172 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 purchased a new position in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 2,172 shares of the restaurant operator's stock, valued at approximately $411,000.

Other large investors have also made changes to their positions in the company. Axiom Investors LLC DE grew its holdings in shares of Texas Roadhouse by 3,696.7% during the first quarter. Axiom Investors LLC DE now owns 2,173,807 shares of the restaurant operator's stock valued at $362,221,000 after buying an additional 2,116,552 shares during the last quarter. T. Rowe Price Investment Management Inc. grew its holdings in shares of Texas Roadhouse by 209.3% during the first quarter. T. Rowe Price Investment Management Inc. now owns 1,609,608 shares of the restaurant operator's stock valued at $268,209,000 after buying an additional 1,089,256 shares during the last quarter. Congress Asset Management Co. grew its holdings in shares of Texas Roadhouse by 8,956.4% during the first quarter. Congress Asset Management Co. now owns 465,679 shares of the restaurant operator's stock valued at $77,596,000 after buying an additional 460,537 shares during the last quarter. AQR Capital Management LLC grew its holdings in shares of Texas Roadhouse by 54.3% during the first quarter. AQR Capital Management LLC now owns 1,261,587 shares of the restaurant operator's stock valued at $209,840,000 after buying an additional 443,767 shares during the last quarter. Finally, GAMMA Investing LLC grew its holdings in shares of Texas Roadhouse by 19,250.9% during the first quarter. GAMMA Investing LLC now owns 325,095 shares of the restaurant operator's stock valued at $54,171,000 after buying an additional 323,415 shares during the last quarter. 94.82% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

TXRH has been the topic of a number of research analyst reports. Melius Research raised shares of Texas Roadhouse to a "strong-buy" rating in a report on Monday, July 14th. Guggenheim reaffirmed a "buy" rating and issued a $210.00 price target on shares of Texas Roadhouse in a report on Tuesday. Stephens upped their price target on shares of Texas Roadhouse from $184.00 to $190.00 and gave the company an "equal weight" rating in a report on Friday, August 8th. Bank of America upped their price target on shares of Texas Roadhouse from $203.00 to $219.00 and gave the company a "buy" rating in a report on Friday, July 18th. Finally, Citigroup upped their price target on shares of Texas Roadhouse from $180.00 to $197.00 and gave the company a "neutral" rating in a report on Tuesday, July 29th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and eleven have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $197.35.

Texas Roadhouse Stock Down 1.4%

Shares of TXRH stock traded down $2.23 during mid-day trading on Friday, hitting $157.55. 330,156 shares of the stock were exchanged, compared to its average volume of 1,108,973. The firm has a fifty day moving average of $176.74 and a 200 day moving average of $178.06. Texas Roadhouse, Inc. has a 52-week low of $148.73 and a 52-week high of $206.04. The company has a market cap of $10.47 billion, a PE ratio of 24.10, a price-to-earnings-growth ratio of 2.25 and a beta of 0.84.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The restaurant operator reported $1.86 earnings per share 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 quarterly revenue was up 12.7% compared to the same quarter last year. During the same period in the prior year, the business posted $1.79 earnings per share. Equities analysts predict that Texas Roadhouse, Inc. will post 7.23 EPS for the current year.

Texas Roadhouse Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Tuesday, September 2nd will be paid a $0.68 dividend. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $2.72 dividend on an annualized basis and a yield of 1.7%. Texas Roadhouse's dividend payout ratio (DPR) is currently 41.53%.

Insider Activity at Texas Roadhouse

In related news, President Regina A. Tobin sold 3,153 shares of the firm's 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 transaction, the president directly owned 15,261 shares of the company's stock, valued at approximately $2,648,241.33. This trade represents a 17.12% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CTO Hernan E. Mujica sold 2,189 shares of the firm's stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $172.40, for a total transaction of $377,383.60. Following the completion of the transaction, the chief technology officer directly owned 17,553 shares in the company, valued at $3,026,137.20. This represents a 11.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 8,342 shares of company stock valued at $1,443,704. 0.50% of the stock is owned by corporate 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.