Sivia Capital Partners LLC Takes $657,000 Position in Texas Roadhouse, Inc. $TXRH

Key Points

• Sivia Capital Partners LLC invested $657,000 in Texas Roadhouse, acquiring 3,506 shares of the company during the 2nd quarter, according to a recent disclosure.
• Texas Roadhouse reported quarterly earnings with an EPS of $1.86, falling short of analysts' estimates, but achieved revenue of $1.51 billion, slightly exceeding predictions.
• Several analysts have upgraded their ratings and target prices for Texas Roadhouse, with a consensus price target of $197.35 and ratings ranging from "Strong Buy" to "Hold."

Sivia Capital Partners LLC bought a new position in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 3,506 shares of the restaurant operator's stock, valued at approximately $657,000.

Several other institutional investors also recently added to or reduced their stakes in the business. Axiom Investors LLC DE increased its position in Texas Roadhouse by 3,696.7% in the 1st quarter. Axiom Investors LLC DE now owns 2,173,807 shares of the restaurant operator's stock worth $362,221,000 after buying an additional 2,116,552 shares during the period. T. Rowe Price Investment Management Inc. increased its position in Texas Roadhouse by 209.3% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 1,609,608 shares of the restaurant operator's stock worth $268,209,000 after buying an additional 1,089,256 shares during the period. AQR Capital Management LLC increased its position in Texas Roadhouse by 54.3% in the 1st quarter. AQR Capital Management LLC now owns 1,261,587 shares of the restaurant operator's stock worth $209,840,000 after buying an additional 443,767 shares during the period. Wellington Management Group LLP increased its position in Texas Roadhouse by 9.8% in the 1st quarter. Wellington Management Group LLP now owns 750,479 shares of the restaurant operator's stock worth $125,052,000 after buying an additional 66,731 shares during the period. Finally, Westfield Capital Management Co. LP increased its position in Texas Roadhouse by 1.3% in the 1st quarter. Westfield Capital Management Co. LP now owns 702,048 shares of the restaurant operator's stock worth $116,982,000 after buying an additional 8,904 shares during the period. 94.82% of the stock is owned by institutional investors.

Texas Roadhouse Stock Down 1.0%

TXRH stock traded down $1.54 during midday trading on Friday, reaching $158.24. The stock had a trading volume of 2,096,979 shares, compared to its average volume of 1,054,516. The business has a fifty day simple moving average of $176.14 and a two-hundred day simple moving average of $177.82. The firm has a market cap of $10.52 billion, a price-to-earnings ratio of 24.16, a PEG ratio of 2.16 and a beta of 0.84. Texas Roadhouse, Inc. has a twelve month low of $148.73 and a twelve month high of $206.04.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The restaurant operator reported $1.86 EPS for the quarter, missing analysts' consensus estimates of $1.95 by ($0.09). The firm had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.50 billion. Texas Roadhouse had a return on equity of 31.52% and a net margin of 7.72%.Texas Roadhouse's revenue for the quarter was up 12.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.79 earnings per share. On average, equities analysts predict that Texas Roadhouse, Inc. will post 7.23 earnings per share for the current fiscal 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 given a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date is Tuesday, September 2nd. Texas Roadhouse's dividend payout ratio (DPR) is presently 41.53%.

Insider Buying and Selling

In related news, Director Gregory N. Moore sold 3,000 shares of Texas Roadhouse 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 sale, the director directly owned 34,550 shares in the company, valued at $5,979,223. This trade represents a 7.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Regina A. Tobin sold 3,153 shares of the firm's stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $173.53, for a total value of $547,140.09. Following the transaction, the president owned 15,261 shares in the company, valued at approximately $2,648,241.33. This trade 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 worth $1,443,704 over the last three months. 0.50% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

TXRH has been the topic of several recent analyst reports. Stifel Nicolaus lifted their price target on Texas Roadhouse from $180.00 to $188.00 and gave the stock a "hold" rating in a research report on Friday, July 25th. Melius initiated coverage on Texas Roadhouse in a research report on Monday, July 14th. They issued a "buy" rating and a $235.00 price target on the stock. Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of Texas Roadhouse in a research note on Tuesday, July 15th. Bank of America upped their target price on Texas Roadhouse from $203.00 to $219.00 and gave the company a "buy" rating in a research note on Friday, July 18th. Finally, Truist Financial set a $212.00 target price on Texas Roadhouse and gave the company a "buy" rating in a research note on Wednesday, July 2nd. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and eleven have assigned a Hold rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $197.35.

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.