Samlyn Capital LLC Invests $32.36 Million in Texas Roadhouse, Inc. $TXRH

Key Points

• Samlyn Capital LLC acquired approximately 194,198 shares of Texas Roadhouse, Inc. ($TXRH), valued at around $32.36 million, indicating a new investment in the restaurant operator.
• Several hedge funds, including Axiom Investors and T. Rowe Price, have significantly increased their holdings in Texas Roadhouse, with a combined ownership of 94.82% of the stock by institutional investors.
• The company recently declared a quarterly dividend of $0.68, representing an annualized payout of $2.72 and a yield of 1.6%, set to benefit shareholders on record as of September 2nd.

Samlyn Capital LLC acquired a new position in Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 194,198 shares of the restaurant operator's stock, valued at approximately $32,359,000. Samlyn Capital LLC owned approximately 0.29% of Texas Roadhouse at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the business. Valeo Financial Advisors LLC increased its position in Texas Roadhouse by 2.3% in the 1st quarter. Valeo Financial Advisors LLC now owns 2,750 shares of the restaurant operator's stock worth $458,000 after purchasing an additional 62 shares during the last quarter. Optas LLC increased its position in Texas Roadhouse by 1.3% in the 1st quarter. Optas LLC now owns 5,217 shares of the restaurant operator's stock worth $869,000 after purchasing an additional 65 shares during the last quarter. Oregon Public Employees Retirement Fund increased its position in Texas Roadhouse by 0.5% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 13,627 shares of the restaurant operator's stock worth $2,271,000 after purchasing an additional 66 shares during the last quarter. Smartleaf Asset Management LLC increased its position in Texas Roadhouse by 14.0% in the 1st quarter. Smartleaf Asset Management LLC now owns 601 shares of the restaurant operator's stock worth $103,000 after purchasing an additional 74 shares during the last quarter. Finally, Blue Trust Inc. increased its position in Texas Roadhouse by 3.6% in the 1st quarter. Blue Trust Inc. now owns 2,309 shares of the restaurant operator's stock worth $385,000 after purchasing an additional 80 shares during the last quarter. 94.82% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Texas Roadhouse

In other Texas Roadhouse news, Director Gregory N. Moore sold 3,000 shares of the firm's stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $173.06, for a total value of $519,180.00. Following the sale, the director owned 34,550 shares of the company's stock, valued at $5,979,223. This trade represents a 7.99% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, President Regina A. Tobin sold 3,153 shares of the firm's stock in a transaction that occurred on 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 sale, the president directly owned 15,261 shares in the company, valued at $2,648,241.33. This trade represents a 17.12% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 8,342 shares of company stock valued at $1,443,704 in the last 90 days. 0.50% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research analysts have weighed in on TXRH shares. The Goldman Sachs Group upped their target price on Texas Roadhouse from $184.00 to $205.00 and gave the stock a "neutral" rating in a research report on Wednesday, June 4th. Morgan Stanley upped their target price on Texas Roadhouse from $200.00 to $205.00 and gave the stock an "overweight" rating in a research report on Monday, July 14th. 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. Barclays raised their target price on Texas Roadhouse from $175.00 to $189.00 and gave the company an "equal weight" rating in a report on Thursday, July 17th. Finally, Bank of America raised their target price on Texas Roadhouse from $203.00 to $219.00 and gave the company a "buy" rating in a report on Friday, July 18th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and eleven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Texas Roadhouse has an average rating of "Moderate Buy" and a consensus price target of $197.35.

Texas Roadhouse Stock Performance

Shares of NASDAQ TXRH traded up $0.64 during mid-day trading on Tuesday, reaching $168.12. 1,284,464 shares of the company traded hands, compared to its average volume of 1,025,557. The stock has a market cap of $11.17 billion, a PE ratio of 25.67, a price-to-earnings-growth ratio of 2.29 and a beta of 0.84. The company's fifty day moving average is $179.95 and its two-hundred day moving average is $178.68. Texas Roadhouse, Inc. has a fifty-two week low of $148.73 and a fifty-two week high of $206.04.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last released 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). 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 business's quarterly revenue was up 12.7% compared to the same quarter last year. During the same period last year, the business earned $1.79 EPS. Research analysts forecast that Texas Roadhouse, Inc. will post 7.23 earnings per share for the current year.

Texas Roadhouse Dividend Announcement

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 issued a $0.68 dividend. 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 dividend payout ratio (DPR) is 41.53%.

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.