Jefferies Financial Group Inc. Buys 15,005 Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH)

Key Points

• Jefferies Financial Group Inc. increased its stake in Texas Roadhouse by 730.2%, purchasing an additional 15,005 shares, bringing its total holdings to 17,060 shares worth $2,843,000.
• Institutional investors own approximately 94.82% of Texas Roadhouse stock, with notable increases from firms like Bessemer Group Inc. and Wealth Enhancement Advisory Services LLC.
• Texas Roadhouse recently declared a quarterly dividend of $0.68, equating to an annualized payout of $2.72 and a yield of 1.5%.

Jefferies Financial Group Inc. grew its stake in Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 730.2% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 17,060 shares of the restaurant operator's stock after purchasing an additional 15,005 shares during the period. Jefferies Financial Group Inc.'s holdings in Texas Roadhouse were worth $2,843,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Bessemer Group Inc. lifted its stake in shares of Texas Roadhouse by 4.3% in the 4th quarter. Bessemer Group Inc. now owns 176,065 shares of the restaurant operator's stock valued at $31,768,000 after purchasing an additional 7,301 shares during the last quarter. Golden State Wealth Management LLC increased its holdings in shares of Texas Roadhouse by 157.3% in the 1st quarter. Golden State Wealth Management LLC now owns 4,658 shares of the restaurant operator's stock valued at $776,000 after acquiring an additional 2,848 shares during the period. Comerica Bank grew its stake in Texas Roadhouse by 16.0% during the 4th quarter. Comerica Bank now owns 132,914 shares of the restaurant operator's stock worth $23,982,000 after buying an additional 18,339 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in Texas Roadhouse by 253.5% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 38,086 shares of the restaurant operator's stock worth $6,346,000 after buying an additional 27,312 shares during the last quarter. Finally, Brighton Jones LLC purchased a new position in Texas Roadhouse during the 1st quarter worth $499,000. 94.82% of the stock is owned by institutional investors.

Insider Transactions at Texas Roadhouse

In other Texas Roadhouse news, Director Donna E. Epps sold 800 shares of the stock in a transaction that occurred on Friday, May 23rd. The stock was sold at an average price of $186.52, for a total transaction of $149,216.00. Following the completion of the transaction, the director owned 4,632 shares of the company's stock, valued at $863,960.64. This represents a 14.73% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Gregory N. Moore sold 1,000 shares of the stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $187.62, for a total value of $187,620.00. Following the transaction, the director directly owned 38,050 shares of the company's stock, valued at $7,138,941. The trade was a 2.56% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.50% of the company's stock.

Analyst Ratings Changes

Several brokerages recently weighed in on TXRH. Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of Texas Roadhouse in a research note on Tuesday, July 15th. Guggenheim boosted their price target on Texas Roadhouse from $200.00 to $210.00 and gave the company a "buy" rating in a research note on Friday, July 11th. Wells Fargo & Company dropped their price target on Texas Roadhouse from $175.00 to $170.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 22nd. Melius assumed coverage on Texas Roadhouse in a research note on Monday, July 14th. They set a "buy" rating and a $235.00 price target on the stock. Finally, Stifel Nicolaus boosted their price target on Texas Roadhouse from $180.00 to $188.00 and gave the company a "hold" rating in a research note on Friday, July 25th. Ten investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Texas Roadhouse presently has an average rating of "Moderate Buy" and an average target price of $196.85.

Texas Roadhouse Trading Down 1.2%

NASDAQ TXRH opened at $182.97 on Friday. The stock has a market capitalization of $12.14 billion, a price-to-earnings ratio of 28.24, a PEG ratio of 2.58 and a beta of 0.86. Texas Roadhouse, Inc. has a twelve month low of $148.73 and a twelve month high of $206.04. The stock has a 50-day moving average of $188.96 and a 200 day moving average of $179.16.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The restaurant operator reported $1.70 earnings per share for the quarter, missing analysts' consensus estimates of $1.75 by ($0.05). The business had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.44 billion. Texas Roadhouse had a return on equity of 32.33% and a net margin of 7.89%. The business's revenue for the quarter was up 11.8% compared to the same quarter last year. During the same period in the previous year, the company posted $1.69 EPS. Equities analysts predict that Texas Roadhouse, Inc. will post 7.23 EPS for the current fiscal year.

Texas Roadhouse Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 1st. Investors of record on Tuesday, June 3rd were issued a $0.68 dividend. The ex-dividend date of this dividend was Tuesday, June 3rd. This represents a $2.72 dividend on an annualized basis and a yield of 1.5%. Texas Roadhouse's dividend payout ratio is presently 41.98%.

About Texas Roadhouse

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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