Jefferies Financial Group Inc. Buys New Shares in Texas Roadhouse, Inc. $TXRH

Key Points

• Jefferies Financial Group disclosed a new fourth-quarter stake in Texas Roadhouse, buying 5,886 shares worth about $977,000.
• Several other institutional investors also added or increased positions, and hedge funds now own 94.82% of the company’s shares.
• Texas Roadhouse reported strong quarterly results with EPS of $1.87 topping estimates, while analysts remained mixed overall with a consensus Hold rating and a target price of $196.36.

Jefferies Financial Group Inc. bought a new stake in Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 5,886 shares of the restaurant operator's stock, valued at approximately $977,000.

Several other hedge funds and other institutional investors have also bought and sold shares of TXRH. Elyxium Wealth LLC acquired a new position in Texas Roadhouse in the fourth quarter valued at $25,000. 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 position in shares of Texas Roadhouse during the third quarter valued at about $33,000. TD Private Client Wealth LLC raised its holdings in shares of Texas Roadhouse by 137.5% during the fourth quarter. TD Private Client Wealth LLC now owns 266 shares of the restaurant operator's stock valued at $44,000 after purchasing an additional 154 shares during the period. Finally, LRI Investments LLC raised its holdings in shares of Texas Roadhouse by 100.0% during the third 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 period. Institutional investors and hedge funds own 94.82% of the company's stock.

Insider Buying and Selling

In related news, Director Jane Grote Abell sold 339 shares of the company's stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $177.43, for a total value of $60,148.77. Following the sale, the director owned 2,161 shares in the company, valued at $383,426.23. This represents a 13.56% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Christopher C. Colson sold 499 shares of the company's stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $179.22, for a total transaction of $89,430.78. Following the completion of the sale, the insider owned 14,500 shares in the company, valued at $2,598,690. This represents a 3.33% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 18,716 shares of company stock worth $3,251,991 over the last ninety days. Insiders own 0.50% of the company's stock.

Texas Roadhouse Trading Down 0.6%

TXRH opened at $180.35 on Friday. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.46 and a quick ratio of 0.40. Texas Roadhouse, Inc. has a fifty-two week low of $153.82 and a fifty-two week high of $197.99. The firm has a market capitalization of $11.85 billion, a PE ratio of 28.81, a P/E/G ratio of 1.99 and a beta of 0.77. The company's 50-day moving average is $167.83 and its 200 day moving average is $173.60.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last posted its earnings results on Thursday, May 7th. The restaurant operator reported $1.87 earnings per share for the quarter, topping analysts' consensus estimates of $1.80 by $0.07. Texas Roadhouse had a net margin of 6.85% and a return on equity of 27.86%. The company had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.64 billion. During the same quarter in the prior year, the business posted $1.70 EPS. The firm's revenue was up 10.5% compared to the same quarter last year. As a group, research analysts predict that Texas Roadhouse, Inc. will post 6.39 earnings per share for the current fiscal year.

Texas Roadhouse Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 2nd will be issued a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date is Tuesday, June 2nd. Texas Roadhouse's dividend payout ratio is currently 47.92%.

Texas Roadhouse News Summary

Here are the key news stories impacting Texas Roadhouse this week:

• Positive Sentiment: TD Cowen raised its price target on Texas Roadhouse to $205 from $192 and kept a Buy rating, signaling further upside potential versus the current trading level. TD Cowen price target increase
• Positive Sentiment: Another article highlighted Texas Roadhouse as outperforming some peers in sit-down dining comparisons for Q1, which may reinforce the view that the company is a stronger operator in its category. Q1 sit-down dining comparison
• Neutral Sentiment: Analysts currently rate Texas Roadhouse around Hold on average, suggesting expectations are balanced rather than strongly bullish or bearish. Average recommendation hold
• Neutral Sentiment: An insider sale by Christopher C. Colson of 499 shares was disclosed, but the transaction was relatively small versus his remaining holdings and is not necessarily a major red flag. Insider sale filing
• Neutral Sentiment: One article compared Bloomin' Brands unfavorably with Texas Roadhouse, but it is more of an industry commentary piece than a direct catalyst for TXRH. Article comparing Bloomin' Brands and Texas Roadhouse

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. BMO Capital Markets upped their price objective on shares of Texas Roadhouse from $165.00 to $180.00 and gave the company a "market perform" rating in a report on Thursday, May 21st. Stifel Nicolaus upped their price objective on shares of Texas Roadhouse from $170.00 to $180.00 and gave the company a "hold" rating in a report on Tuesday, May 12th. Piper Sandler upped their price objective on shares of Texas Roadhouse from $190.00 to $192.00 and gave the company a "neutral" rating in a report on Monday, May 11th. Royal Bank Of Canada upgraded shares of Texas Roadhouse from a "sector perform" rating to an "outperform" rating and upped their price objective for the company from $180.00 to $210.00 in a report on Friday, May 15th. Finally, TD Cowen upped their price objective on shares of Texas Roadhouse from $192.00 to $205.00 and gave the company a "buy" rating in a report on Wednesday. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and fourteen have given a Hold rating to the company. Based on data from MarketBeat, Texas Roadhouse presently has a consensus rating of "Hold" and a consensus target price of $196.36.

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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