Horizon Investments LLC Purchases Shares of 15,517 Texas Roadhouse, Inc. $TXRH

Key Points

• Horizon Investments LLC established a new position in Texas Roadhouse in Q4, purchasing 15,517 shares worth about $2.58 million.
• Texas Roadhouse missed quarterly expectations with EPS of $1.28 versus $1.53 expected and revenue of $1.48B versus $1.50B expected, and raised its quarterly dividend to $0.75 (annual $3.00, ~1.9% yield).
• Analysts hold a consensus rating of "Moderate Buy" with a $195.14 average price target; institutional investors own ~94.8% of the stock while corporate insiders own 0.5% and sold ~12,988 shares (~$2.22M) in the last 90 days.

Horizon Investments LLC purchased a new position in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) in the fourth quarter, according to its most recent filing with the SEC. The firm purchased 15,517 shares of the restaurant operator's stock, valued at approximately $2,576,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Princeton Global Asset Management LLC acquired a new position in shares of Texas Roadhouse during the fourth quarter valued at about $31,000. Measured Wealth Private Client Group LLC acquired a new stake in shares of Texas Roadhouse in the 3rd quarter worth about $33,000. Root Financial Partners LLC bought a new position in Texas Roadhouse in the 3rd quarter valued at about $36,000. LRI Investments LLC boosted its stake in Texas Roadhouse by 100.0% during the 3rd quarter. LRI Investments LLC now owns 300 shares of the restaurant operator's stock valued at $50,000 after purchasing an additional 150 shares during the last quarter. Finally, Parkside Financial Bank & Trust boosted its stake in Texas Roadhouse by 100.6% during the 3rd quarter. Parkside Financial Bank & Trust now owns 355 shares of the restaurant operator's stock valued at $59,000 after purchasing an additional 178 shares during the last quarter. 94.82% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on TXRH shares. TD Cowen started coverage on Texas Roadhouse in a research note on Tuesday, January 20th. They issued a "buy" rating and a $215.00 price objective for the company. Morgan Stanley set a $199.00 price target on Texas Roadhouse in a report on Tuesday, April 21st. Citigroup lowered their price target on Texas Roadhouse from $184.00 to $176.00 and set a "neutral" rating for the company in a research report on Friday, April 24th. Sanford C. Bernstein set a $185.00 price objective on shares of Texas Roadhouse in a report on Wednesday, January 7th. Finally, Zacks Research upgraded shares of Texas Roadhouse from a "strong sell" rating to a "hold" rating in a research note on Thursday, January 8th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and thirteen have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $195.14.

Insider Buying and Selling

In other Texas Roadhouse news, Director Hugh J. Carroll sold 988 shares of the stock in a transaction on Monday, March 16th. The stock was sold at an average price of $170.96, for a total transaction of $168,908.48. Following the completion of the transaction, the director directly owned 866 shares of the company's stock, valued at approximately $148,051.36. This represents a 53.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Gregory N. Moore sold 1,700 shares of the stock in a transaction on Friday, March 6th. The stock was sold at an average price of $171.59, for a total value of $291,703.00. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 12,988 shares of company stock worth $2,218,144 in the last ninety days. Corporate insiders own 0.50% of the company's stock.

Texas Roadhouse Stock Down 1.5%

TXRH stock opened at $155.88 on Tuesday. The firm has a market cap of $10.28 billion, a PE ratio of 25.60, a P/E/G ratio of 1.81 and a beta of 0.77. The business has a 50 day moving average of $168.05 and a 200-day moving average of $172.98. Texas Roadhouse, Inc. has a 12-month low of $153.82 and a 12-month high of $199.99.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last issued its quarterly earnings results on Thursday, February 19th. The restaurant operator reported $1.28 EPS for the quarter, missing analysts' consensus estimates of $1.53 by ($0.25). The business had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.50 billion. Texas Roadhouse had a return on equity of 27.88% and a net margin of 6.90%.The business's revenue was up 3.1% compared to the same quarter last year. During the same quarter last year, the business posted $1.73 earnings per share. On average, research analysts expect that Texas Roadhouse, Inc. will post 6.34 earnings per share for the current year.

Texas Roadhouse Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Tuesday, March 17th were issued a $0.75 dividend. This is an increase from Texas Roadhouse's previous quarterly dividend of $0.68. The ex-dividend date of this dividend was Tuesday, March 17th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.9%. Texas Roadhouse's payout ratio is presently 49.26%.

Texas Roadhouse Company Profile

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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