Fox Run Management L.L.C. Buys 4,554 Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH)

Key Points

• Fox Run Management L.L.C. increased its stake in Texas Roadhouse by 289.5% in Q1, acquiring 4,554 additional shares, bringing their total to 6,127 shares valued at over $1 million.
• Texas Roadhouse recently declared a quarterly dividend of $0.68 per share, to be paid on September 30th, representing an annualized yield of 1.6%.
• The company reported Q2 earnings per share of $1.86, missing estimates, but achieved a 12.7% year-over-year revenue increase, totaling $1.51 billion.

Fox Run Management L.L.C. raised its stake in Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 289.5% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,127 shares of the restaurant operator's stock after purchasing an additional 4,554 shares during the quarter. Fox Run Management L.L.C.'s holdings in Texas Roadhouse were worth $1,021,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of TXRH. Caitong International Asset Management Co. Ltd bought a new position in shares of Texas Roadhouse during the 1st quarter worth approximately $414,000. Russell Investments Group Ltd. boosted its stake in shares of Texas Roadhouse by 4.1% during the 1st quarter. Russell Investments Group Ltd. now owns 87,055 shares of the restaurant operator's stock worth $14,506,000 after acquiring an additional 3,426 shares during the period. HighTower Advisors LLC boosted its stake in shares of Texas Roadhouse by 14.1% during the 1st quarter. HighTower Advisors LLC now owns 11,745 shares of the restaurant operator's stock worth $1,957,000 after acquiring an additional 1,450 shares during the period. Meridian Wealth Management LLC boosted its stake in shares of Texas Roadhouse by 6.1% during the 1st quarter. Meridian Wealth Management LLC now owns 1,742 shares of the restaurant operator's stock worth $290,000 after acquiring an additional 100 shares during the period. Finally, Nuveen LLC acquired a new stake in Texas Roadhouse during the 1st quarter worth approximately $36,208,000. 94.82% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Texas Roadhouse

In related news, Director Donna E. Epps sold 800 shares of the company's stock in a transaction dated Friday, May 23rd. The stock was sold at an average price of $186.52, for a total transaction of $149,216.00. Following the sale, the director owned 4,632 shares in the company, valued at $863,960.64. This represents a 14.73% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.50% of the company's stock.

Texas Roadhouse Trading Down 1.3%

Shares of TXRH stock opened at $172.91 on Friday. The stock has a market cap of $11.47 billion, a price-to-earnings ratio of 26.40, a PEG ratio of 2.39 and a beta of 0.86. The stock has a 50-day moving average of $186.06 and a 200-day moving average of $179.11. Texas Roadhouse, Inc. has a 1-year low of $148.73 and a 1-year high of $206.04.

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 the consensus estimate of $1.95 by ($0.09). The company 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%. The company's quarterly revenue was up 12.7% on a year-over-year basis. During the same period in the previous year, the company posted $1.79 EPS. Sell-side analysts forecast that Texas Roadhouse, Inc. will post 7.23 earnings per share for the current year.

Texas Roadhouse Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders 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 annualized dividend and a dividend yield of 1.6%. Texas Roadhouse's dividend payout ratio is presently 41.53%.

Analyst Upgrades and Downgrades

TXRH has been the subject of several research reports. Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of Texas Roadhouse in a report on Tuesday, July 15th. Melius Research raised Texas Roadhouse to a "strong-buy" rating in a report on Monday, July 14th. Bank of America lifted their price target on Texas Roadhouse from $203.00 to $219.00 and gave the stock a "buy" rating in a report on Friday, July 18th. Stephens lifted their price target on Texas Roadhouse from $184.00 to $190.00 and gave the stock an "equal weight" rating in a report on Friday, August 8th. Finally, Stifel Nicolaus upped their target price on Texas Roadhouse from $180.00 to $188.00 and gave the company a "hold" rating in a research report on Friday, July 25th. Ten research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average 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.

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