Davidson Capital Management Inc. Acquires 16,734 Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH)

Davidson Capital Management Inc. lifted its position in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 34,151.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,783 shares of the restaurant operator's stock after buying an additional 16,734 shares during the quarter. Davidson Capital Management Inc.'s holdings in Texas Roadhouse were worth $2,797,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. Coppell Advisory Solutions LLC grew its holdings in Texas Roadhouse by 56.8% in the fourth quarter. Coppell Advisory Solutions LLC now owns 196 shares of the restaurant operator's stock worth $35,000 after purchasing an additional 71 shares during the period. SBI Securities Co. Ltd. acquired a new stake in Texas Roadhouse in the fourth quarter worth $36,000. VisionPoint Advisory Group LLC acquired a new stake in Texas Roadhouse in the fourth quarter worth $64,000. MassMutual Private Wealth & Trust FSB grew its holdings in Texas Roadhouse by 41.9% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 379 shares of the restaurant operator's stock worth $63,000 after purchasing an additional 112 shares during the period. Finally, Versant Capital Management Inc grew its holdings in Texas Roadhouse by 153.9% in the first quarter. Versant Capital Management Inc now owns 457 shares of the restaurant operator's stock worth $76,000 after purchasing an additional 277 shares during the period. 94.82% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have commented on TXRH. Barclays reduced their price target on shares of Texas Roadhouse from $179.00 to $175.00 and set an "equal weight" rating for the company in a report on Friday, May 9th. Guggenheim reduced their price target on shares of Texas Roadhouse from $205.00 to $200.00 and set a "buy" rating for the company in a report on Thursday, February 27th. Stifel Nicolaus reduced their price target on shares of Texas Roadhouse from $172.00 to $170.00 and set a "hold" rating for the company in a report on Tuesday, April 15th. Wells Fargo & Company reduced their price objective on shares of Texas Roadhouse from $175.00 to $170.00 and set an "equal weight" rating for the company in a report on Tuesday, April 22nd. Finally, Truist Financial reduced their price objective on shares of Texas Roadhouse from $209.00 to $205.00 and set a "buy" rating for the company in a report on Friday, February 21st. Ten analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $191.71.

Texas Roadhouse Trading Up 0.0%

Shares of TXRH traded up $0.08 during trading hours on Friday, reaching $193.02. 2,478,260 shares of the stock traded hands, compared to its average volume of 931,713. The stock has a fifty day simple moving average of $180.98 and a 200 day simple moving average of $178.85. Texas Roadhouse, Inc. has a 52 week low of $148.73 and a 52 week high of $206.04. The company has a market cap of $12.80 billion, a price-to-earnings ratio of 29.79, a PEG ratio of 2.58 and a beta of 0.90.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The restaurant operator reported $1.70 earnings per share for the quarter, missing analysts' consensus estimates of $1.75 by ($0.05). Texas Roadhouse had a net margin of 7.89% and a return on equity of 32.33%. The firm had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.44 billion. During the same period in the previous year, the business earned $1.69 earnings per share. The firm's revenue for the quarter was up 11.8% on a year-over-year basis. Analysts predict that Texas Roadhouse, Inc. will post 7.23 earnings per share for the current fiscal year.

Texas Roadhouse Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Tuesday, June 3rd will be given a $0.68 dividend. This represents a $2.72 annualized dividend and a yield of 1.41%. The ex-dividend date is Tuesday, June 3rd. Texas Roadhouse's dividend payout ratio is 41.98%.

Insiders Place Their Bets

In other Texas Roadhouse news, Director Donna E. Epps sold 800 shares of Texas Roadhouse 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 now owns 4,632 shares of the company's stock, valued at approximately $863,960.64. The trade was a 14.73% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Gregory N. Moore sold 1,000 shares of Texas Roadhouse 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 directly owns 38,050 shares in the company, valued at approximately $7,138,941. This represents a 2.56% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.50% of the company's stock.

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.