Price T Rowe Associates Inc. MD Acquires 12,334 Shares of Texas Roadhouse, Inc. $TXRH

Key Points

• Price T Rowe Associates Inc. increased its holdings in Texas Roadhouse by 2.6%, acquiring an additional 12,334 shares, bringing their total ownership to 478,153 shares valued at $79.68 million.
• Texas Roadhouse recently reported earnings of $1.86 per share, missing the consensus estimate by $0.09, although revenue increased 12.7% year-over-year to $1.51 billion.
• The company announced a quarterly dividend of $0.68, representing a yield of 1.5%, with the payment set to be made to shareholders on September 30th.

Price T Rowe Associates Inc. MD raised its holdings in Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 2.6% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 478,153 shares of the restaurant operator's stock after purchasing an additional 12,334 shares during the quarter. Price T Rowe Associates Inc. MD owned approximately 0.72% of Texas Roadhouse worth $79,676,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of TXRH. NewEdge Advisors LLC raised its position in Texas Roadhouse by 9.0% in the 4th quarter. NewEdge Advisors LLC now owns 2,164 shares of the restaurant operator's stock valued at $390,000 after purchasing an additional 179 shares during the last quarter. Stifel Financial Corp raised its position in Texas Roadhouse by 3.8% in the 4th quarter. Stifel Financial Corp now owns 28,926 shares of the restaurant operator's stock valued at $5,219,000 after purchasing an additional 1,069 shares during the last quarter. Hsbc Holdings PLC raised its position in shares of Texas Roadhouse by 114.4% during the fourth quarter. Hsbc Holdings PLC now owns 35,425 shares of the restaurant operator's stock worth $6,405,000 after acquiring an additional 18,900 shares during the last quarter. Integrated Wealth Concepts LLC raised its position in shares of Texas Roadhouse by 29.2% during the fourth quarter. Integrated Wealth Concepts LLC now owns 1,569 shares of the restaurant operator's stock worth $283,000 after acquiring an additional 355 shares during the last quarter. Finally, Susquehanna Fundamental Investments LLC bought a new stake in shares of Texas Roadhouse during the fourth quarter worth $1,546,000. Institutional investors own 94.82% of the company's stock.

Texas Roadhouse Trading Down 0.3%

NASDAQ:TXRH opened at $176.76 on Tuesday. Texas Roadhouse, Inc. has a 1 year low of $148.73 and a 1 year high of $206.04. The stock has a market cap of $11.75 billion, a price-to-earnings ratio of 26.99, a PEG ratio of 2.42 and a beta of 0.86. The stock has a 50-day moving average price of $183.96 and a two-hundred day moving average price of $178.79.

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

Texas Roadhouse Announces Dividend

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

Wall Street Analysts Forecast Growth

TXRH has been the subject of a number of recent research reports. Stephens boosted their target price on Texas Roadhouse from $184.00 to $190.00 and gave the stock an "equal weight" rating in a research report on Friday, August 8th. Citigroup boosted their target price on Texas Roadhouse from $180.00 to $197.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 29th. Barclays boosted their target price on Texas Roadhouse from $175.00 to $189.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 17th. Truist Financial set a $212.00 target price on Texas Roadhouse and gave the stock a "buy" rating in a research report on Wednesday, July 2nd. Finally, The Goldman Sachs Group lifted their price objective on Texas Roadhouse from $184.00 to $205.00 and gave the stock a "neutral" rating in a research note on Wednesday, June 4th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat.com, Texas Roadhouse presently has an average rating of "Moderate Buy" and a consensus price target of $197.85.

Insider Buying and Selling at Texas Roadhouse

In other Texas Roadhouse news, Director Gregory N. Moore sold 3,000 shares of the business's stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $173.06, for a total value of $519,180.00. Following the completion of the transaction, the director directly owned 34,550 shares of the company's stock, valued at approximately $5,979,223. The trade was a 7.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, President Regina A. Tobin sold 3,153 shares of the business's stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $173.53, for a total value of $547,140.09. Following the completion of the transaction, the president directly owned 15,261 shares of the company's stock, valued at approximately $2,648,241.33. The trade was a 17.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 8,342 shares of company stock valued at $1,443,704. Company insiders own 0.50% of the company's stock.

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.

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