Jump Financial LLC Takes $576,000 Position in Texas Roadhouse, Inc. $TXRH

Key Points

• Jump Financial LLC acquired 3,454 shares of Texas Roadhouse, valued at approximately $576,000, during the first quarter, according to their SEC filing.
• Institutional investors now own 94.82% of Texas Roadhouse's stock, highlighting significant interest from hedge funds like T. Rowe Price and Wellington Management.
• Texas Roadhouse reported quarterly earnings of $1.86 EPS, missing estimates, but showed a 12.7% revenue increase year-over-year with total revenue of $1.51 billion.

Jump Financial LLC acquired a new position in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 3,454 shares of the restaurant operator's stock, valued at approximately $576,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Golden State Wealth Management LLC grew its position in Texas Roadhouse by 157.3% during the 1st quarter. Golden State Wealth Management LLC now owns 4,658 shares of the restaurant operator's stock worth $776,000 after purchasing an additional 2,848 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in shares of 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 valued at $6,346,000 after acquiring an additional 27,312 shares in the last quarter. Brighton Jones LLC purchased a new position in shares of Texas Roadhouse during the 1st quarter valued at $499,000. Running Oak Capital LLC grew its holdings in shares of Texas Roadhouse by 9.3% during the 1st quarter. Running Oak Capital LLC now owns 89,385 shares of the restaurant operator's stock valued at $14,933,000 after acquiring an additional 7,628 shares in the last quarter. Finally, Monument Capital Management purchased a new position in shares of Texas Roadhouse during the 1st quarter valued at $2,683,000. 94.82% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

TXRH has been the topic of several research analyst reports. Evercore ISI cut shares of Texas Roadhouse from an "outperform" rating to an "in-line" rating and set a $190.00 price target on the stock. in a report on Thursday. Bank of America boosted their price target on shares of Texas Roadhouse from $203.00 to $219.00 and gave the company a "buy" rating in a report on Friday, July 18th. UBS Group boosted their price target on shares of Texas Roadhouse from $200.00 to $220.00 and gave the company a "buy" rating in a report on Friday, June 6th. Guggenheim boosted their price target on shares of Texas Roadhouse from $200.00 to $210.00 and gave the company a "buy" rating in a report on Friday, July 11th. Finally, Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of Texas Roadhouse in a report on Tuesday, July 15th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and eleven have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $197.35.

Texas Roadhouse Price Performance

Shares of TXRH stock traded down $2.49 on Thursday, hitting $169.09. The company's stock had a trading volume of 1,046,283 shares, compared to its average volume of 1,109,826. Texas Roadhouse, Inc. has a fifty-two week low of $148.73 and a fifty-two week high of $206.04. The firm's fifty day moving average price is $181.46 and its 200-day moving average price is $178.76. The stock has a market capitalization of $11.24 billion, a price-to-earnings ratio of 25.83, a P/E/G ratio of 2.36 and a beta of 0.84.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The restaurant operator reported $1.86 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.95 by ($0.09). The business had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.50 billion. Texas Roadhouse had a net margin of 7.72% and a return on equity of 31.52%. The firm's revenue for the quarter was up 12.7% on a year-over-year basis. During the same period in the previous year, the firm posted $1.79 EPS. Analysts predict that Texas Roadhouse, Inc. will post 7.23 EPS for the current fiscal year.

Texas Roadhouse Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 2nd will be given a dividend of $0.68 per share. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $2.72 dividend on an annualized basis and a yield of 1.6%. Texas Roadhouse's payout ratio is currently 41.53%.

Insiders Place Their Bets

In other Texas Roadhouse news, Director Gregory N. Moore sold 3,000 shares of the business's stock in a transaction on Monday, August 18th. The shares were sold at an average price of $173.06, for a total transaction of $519,180.00. Following the completion of the transaction, the director owned 34,550 shares of the company's stock, valued at $5,979,223. The trade was a 7.99% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, President Regina A. Tobin sold 3,153 shares of the business's stock in a transaction on Monday, August 18th. The stock was sold at an average price of $173.53, for a total transaction of $547,140.09. Following the transaction, the president directly owned 15,261 shares of the company's stock, valued at approximately $2,648,241.33. This represents a 17.12% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 8,342 shares of company stock valued at $1,443,704 in the last quarter. 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.