Jefferies Financial Group Inc. Buys Shares of 2,055 Texas Roadhouse, Inc. (NASDAQ:TXRH)

Jefferies Financial Group Inc. acquired a new stake in Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,055 shares of the restaurant operator's stock, valued at approximately $371,000.

Other institutional investors have also modified their holdings of the company. KLP Kapitalforvaltning AS acquired a new stake in shares of Texas Roadhouse in the fourth quarter valued at $2,959,000. Zions Bancorporation N.A. lifted its holdings in shares of Texas Roadhouse by 19.5% in the fourth quarter. Zions Bancorporation N.A. now owns 13,152 shares of the restaurant operator's stock valued at $2,373,000 after buying an additional 2,144 shares during the period. Bessemer Group Inc. lifted its holdings in shares of Texas Roadhouse by 4.3% in the fourth quarter. Bessemer Group Inc. now owns 176,065 shares of the restaurant operator's stock valued at $31,768,000 after buying an additional 7,301 shares during the period. Chase Investment Counsel Corp acquired a new stake in shares of Texas Roadhouse in the fourth quarter valued at $316,000. Finally, Raymond James Financial Inc. acquired a new stake in shares of Texas Roadhouse in the fourth quarter valued at $55,177,000. Institutional investors and hedge funds own 94.82% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently commented on TXRH. Stephens reduced their target price on Texas Roadhouse from $186.00 to $180.00 and set an "equal weight" rating for the company in a report on Friday, February 21st. Wells Fargo & Company reduced their target price on Texas Roadhouse from $175.00 to $170.00 and set an "equal weight" rating for the company in a report on Tuesday, April 22nd. JPMorgan Chase & Co. reduced their target price on Texas Roadhouse from $185.00 to $184.00 and set a "neutral" rating for the company in a report on Thursday, March 20th. Robert W. Baird set a $180.00 target price on Texas Roadhouse and gave the company an "outperform" rating in a report on Monday, April 7th. Finally, Guggenheim reduced their target price on Texas Roadhouse from $205.00 to $200.00 and set a "buy" rating for the company in a report on Thursday, February 27th. Ten equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $191.62.

Texas Roadhouse Trading Up 0.7%

TXRH stock traded up $1.42 during mid-day trading on Tuesday, hitting $195.41. The stock had a trading volume of 375,387 shares, compared to its average volume of 914,917. Texas Roadhouse, Inc. has a 1-year low of $148.73 and a 1-year high of $206.04. The company has a fifty day moving average of $173.85 and a 200 day moving average of $179.23. The stock has a market capitalization of $12.96 billion, a price-to-earnings ratio of 30.26, a PEG ratio of 1.23 and a beta of 0.87.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The restaurant operator reported $1.70 EPS for the quarter, missing analysts' consensus estimates of $1.75 by ($0.05). The company had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.44 billion. Texas Roadhouse had a net margin of 8.07% and a return on equity of 34.02%. The business's revenue was up 11.8% on a year-over-year basis. During the same period in the prior year, the company posted $1.69 EPS. As a group, sell-side analysts expect that Texas Roadhouse, Inc. will post 7.23 earnings per share for the current fiscal year.

Texas Roadhouse Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Tuesday, June 3rd will be issued a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.39%. The ex-dividend date of this dividend is Tuesday, June 3rd. Texas Roadhouse's dividend payout ratio is 41.98%.

Insider Activity

In other news, Director Donna E. Epps sold 800 shares of the 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 transaction, the director now owns 4,632 shares of the company's stock, valued at approximately $863,960.64. This represents a 14.73% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Gregory N. Moore sold 1,000 shares of the stock in a transaction dated 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 now directly owns 38,050 shares in the company, valued at approximately $7,138,941. This represents a 2.56% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 4,954 shares of company stock valued at $922,345. Insiders own 0.50% of the company's stock.

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.