Pallas Capital Advisors LLC Acquires 4,544 Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH)

Pallas Capital Advisors LLC increased its position in Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 85.3% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 9,870 shares of the restaurant operator's stock after buying an additional 4,544 shares during the quarter. Pallas Capital Advisors LLC's holdings in Texas Roadhouse were worth $1,645,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Texas Roadhouse during the 4th quarter valued at about $30,000. Coppell Advisory Solutions LLC boosted its stake in shares of Texas Roadhouse by 56.8% in the 4th quarter. Coppell Advisory Solutions LLC now owns 196 shares of the restaurant operator's stock worth $35,000 after buying an additional 71 shares during the last quarter. SBI Securities Co. Ltd. purchased a new stake in Texas Roadhouse during the fourth quarter worth about $36,000. MassMutual Private Wealth & Trust FSB grew its holdings in Texas Roadhouse by 41.9% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 379 shares of the restaurant operator's stock valued at $63,000 after purchasing an additional 112 shares during the period. Finally, VisionPoint Advisory Group LLC purchased a new position in shares of Texas Roadhouse during the 4th quarter valued at $64,000. 94.82% of the stock is owned by institutional investors.

Texas Roadhouse Price Performance

Shares of TXRH stock traded down $1.33 during trading hours on Wednesday, reaching $187.84. 651,155 shares of the company's stock were exchanged, compared to its average volume of 916,220. Texas Roadhouse, Inc. has a 1 year low of $148.73 and a 1 year high of $206.04. The company's 50 day moving average is $176.68 and its two-hundred day moving average is $179.31. The company has a market cap of $12.46 billion, a P/E ratio of 29.03, a price-to-earnings-growth ratio of 1.23 and a beta of 0.89.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The restaurant operator reported $1.70 EPS for the quarter, missing the consensus estimate of $1.75 by ($0.05). Texas Roadhouse had a net margin of 8.07% and a return on equity of 34.02%. The business had revenue of $1.45 billion during the quarter, compared to analysts' expectations of $1.44 billion. During the same quarter last year, the firm earned $1.69 EPS. The firm's quarterly revenue was up 11.8% compared to the same quarter last year. As a group, analysts predict that Texas Roadhouse, Inc. will post 7.23 EPS for the current fiscal year.

Texas Roadhouse Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Tuesday, June 3rd will be given a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a dividend yield of 1.45%. The ex-dividend date of this dividend is Tuesday, June 3rd. Texas Roadhouse's dividend payout ratio is currently 41.98%.

Insiders Place Their Bets

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

Wall Street Analyst Weigh In

TXRH has been the topic of several research analyst reports. Stifel Nicolaus decreased their price target on shares of Texas Roadhouse from $172.00 to $170.00 and set a "hold" rating on the stock in a report on Tuesday, April 15th. Guggenheim reduced their price target on Texas Roadhouse from $205.00 to $200.00 and set a "buy" rating on the stock in a research report on Thursday, February 27th. Stephens restated an "equal weight" rating and set a $170.00 target price on shares of Texas Roadhouse in a report on Tuesday. UBS Group raised their price objective on shares of Texas Roadhouse from $200.00 to $220.00 and gave the stock a "buy" rating in a report on Friday, June 6th. Finally, Robert W. Baird set a $180.00 price target on Texas Roadhouse and gave the stock an "outperform" rating in a research note on Monday, April 7th. Ten investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $191.71.

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.