Jefferies Financial Group Inc. 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 (SEC). The fund acquired 21,194 shares of the restaurant operator's stock, valued at approximately $4,095,000.
A number of other institutional investors also recently modified their holdings of TXRH. BlackRock Inc. acquired a new stake in Texas Roadhouse in the 2nd quarter valued at $1,273,173,000. Balyasny Asset Management L.P. bought a new stake in Texas Roadhouse during the 3rd quarter valued at $157,310,000. Wellington Management Group LLP raised its holdings in Texas Roadhouse by 228.4% during the fourth quarter. Wellington Management Group LLP now owns 1,329,052 shares of the restaurant operator's stock worth $220,623,000 after buying an additional 924,306 shares during the last quarter. Norges Bank acquired a new position in Texas Roadhouse during the fourth quarter worth $145,734,000. Finally, Steadfast Capital Management LP lifted its stake in shares of Texas Roadhouse by 99.2% in the third quarter. Steadfast Capital Management LP now owns 1,275,648 shares of the restaurant operator's stock valued at $211,949,000 after buying an additional 635,178 shares in the last quarter. 94.82% of the stock is owned by institutional investors and hedge funds.
Insider Activity at Texas Roadhouse
In related news, insider Lloyd Paul Marshall sold 500 shares of the stock in a transaction dated Wednesday, August 26th. The shares were sold at an average price of $204.65, for a total transaction of $102,325.00. Following the completion of the transaction, the insider owned 9,826 shares in the company, valued at approximately $2,010,890.90. This represents a 4.84% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Gregory N. Moore sold 3,000 shares of the firm's stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $208.32, for a total transaction of $624,960.00. Following the sale, the director owned 26,900 shares of the company's stock, valued at $5,603,808. This trade represents a 10.03% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 20,396 shares of company stock worth $4,143,825. 0.50% of the stock is owned by company insiders.
Texas Roadhouse Price Performance
Shares of NASDAQ TXRH opened at $198.99 on Friday. The company has a market capitalization of $13.06 billion, a PE ratio of 31.84, a PEG ratio of 1.98 and a beta of 0.79. 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 50 day moving average price is $198.20 and its 200-day moving average price is $180.76. Texas Roadhouse, Inc. has a twelve month low of $153.82 and a twelve month high of $216.30.
Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The restaurant operator reported $1.85 EPS for the quarter, beating analysts' consensus estimates of $1.83 by $0.02. The company had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.67 billion. Texas Roadhouse had a return on equity of 27.20% and a net margin of 6.63%.Texas Roadhouse's revenue was up 11.1% on a year-over-year basis. During the same period last year, the business posted $1.86 earnings per share. On average, equities analysts anticipate that Texas Roadhouse, Inc. will post 6.63 EPS for the current year.
Texas Roadhouse Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 1st will be given a dividend of $0.75 per share. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $3.00 annualized dividend and a dividend yield of 1.5%. Texas Roadhouse's dividend payout ratio (DPR) is currently 48.00%.
Analyst Ratings Changes
A number of research analysts have recently issued reports on TXRH shares. Morgan Stanley reiterated an "overweight" rating and set a $212.00 price objective on shares of Texas Roadhouse in a report on Friday, August 7th. Barclays lowered their target price on shares of Texas Roadhouse from $188.00 to $175.00 and set an "equal weight" rating on the stock in a report on Friday, May 8th. JPMorgan Chase & Co. lifted their price target on Texas Roadhouse from $182.00 to $188.00 and gave the company a "neutral" rating in a research note on Thursday, May 14th. BTIG Research boosted their price objective on Texas Roadhouse from $200.00 to $220.00 and gave the stock a "buy" rating in a report on Friday, August 7th. Finally, Piper Sandler increased their price objective on Texas Roadhouse from $192.00 to $208.00 and gave the stock a "neutral" rating in a research note on Monday, August 10th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and thirteen have issued a Hold rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $208.48.
Check Out Our Latest Research Report on TXRH
Texas Roadhouse Company Profile
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Free Report)
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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