Nuveen LLC Buys New Position in Texas Roadhouse, Inc. $TXRH

Key Points

• Nuveen LLC has invested approximately $36.21 million in Texas Roadhouse, acquiring 217,295 shares during the first quarter, raising its ownership stake to 0.33%.
• Texas Roadhouse reported $1.86 EPS for the recent quarter, missing estimates by $0.09, though its revenue increased by 12.7% year-over-year to $1.51 billion.
• The company is set to pay a quarterly dividend of $0.68 per share on September 30th, representing an annualized dividend of $2.72 and a yield of 1.6%.

Nuveen LLC acquired a new stake in Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 217,295 shares of the restaurant operator's stock, valued at approximately $36,208,000. Nuveen LLC owned about 0.33% of Texas Roadhouse at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Westfield Capital Management Co. LP increased its position in Texas Roadhouse by 1.3% during the first quarter. Westfield Capital Management Co. LP now owns 702,048 shares of the restaurant operator's stock worth $116,982,000 after purchasing an additional 8,904 shares during the last quarter. TD Asset Management Inc increased its position in Texas Roadhouse by 49.1% during the first quarter. TD Asset Management Inc now owns 600,666 shares of the restaurant operator's stock worth $100,089,000 after purchasing an additional 197,939 shares during the last quarter. Northern Trust Corp increased its position in Texas Roadhouse by 22.7% during the fourth quarter. Northern Trust Corp now owns 594,406 shares of the restaurant operator's stock worth $107,249,000 after purchasing an additional 110,128 shares during the last quarter. Ameriprise Financial Inc. increased its position in Texas Roadhouse by 4.5% during the fourth quarter. Ameriprise Financial Inc. now owns 541,204 shares of the restaurant operator's stock worth $97,649,000 after purchasing an additional 23,157 shares during the last quarter. Finally, T. Rowe Price Investment Management Inc. increased its position in Texas Roadhouse by 255.1% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 520,352 shares of the restaurant operator's stock worth $93,888,000 after purchasing an additional 373,812 shares during the last quarter. Institutional investors and hedge funds own 94.82% of the company's stock.

Texas Roadhouse Stock Performance

Shares of TXRH stock traded up $2.03 on Tuesday, hitting $175.91. The stock had a trading volume of 1,188,136 shares, compared to its average volume of 1,115,897. The firm has a market capitalization of $11.69 billion, a price-to-earnings ratio of 26.86, a P/E/G ratio of 2.36 and a beta of 0.86. The stock's 50 day moving average is $185.19 and its 200-day moving average is $178.95. Texas Roadhouse, Inc. has a 52-week low of $148.73 and a 52-week high of $206.04.

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 for the quarter, missing analysts' consensus estimates of $1.95 by ($0.09). Texas Roadhouse had a return on equity of 31.52% and a net margin of 7.72%.The firm had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.50 billion. During the same period last year, the business earned $1.79 EPS. The firm's revenue was up 12.7% on a year-over-year basis. Equities analysts expect that Texas Roadhouse, Inc. will post 7.23 earnings per share for the current year.

Texas Roadhouse Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Tuesday, September 2nd will be issued a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend is Tuesday, September 2nd. Texas Roadhouse's dividend payout ratio (DPR) is 41.53%.

Insider Buying and Selling at Texas Roadhouse

In related news, Director Donna E. Epps sold 800 shares of the stock in a transaction dated Friday, May 23rd. The shares were sold at an average price of $186.52, for a total value of $149,216.00. Following the sale, the director owned 4,632 shares of the company's stock, valued at $863,960.64. This trade represents a 14.73% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.50% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

TXRH has been the subject of several research analyst reports. Bank of America upped their price target on shares of Texas Roadhouse from $203.00 to $219.00 and gave the stock a "buy" rating in a research report on Friday, July 18th. Barclays upped their price target on shares of Texas Roadhouse from $175.00 to $189.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 17th. Stifel Nicolaus upped their price target on shares of Texas Roadhouse from $180.00 to $188.00 and gave the stock a "hold" rating in a research report on Friday, July 25th. UBS Group boosted their price objective on shares of Texas Roadhouse from $200.00 to $220.00 and gave the stock a "buy" rating in a research note on Friday, June 6th. Finally, Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of Texas Roadhouse in a research note on Tuesday, July 15th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $197.85.

Texas Roadhouse Profile

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.