Davidson Capital Management Inc. Raises Stock Position in Texas Roadhouse, Inc. (NASDAQ:TXRH)

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

Several other hedge funds and other institutional investors have also made changes to their positions in the company. CIBC Asset Management Inc boosted its holdings in Texas Roadhouse by 5.1% during the fourth quarter. CIBC Asset Management Inc now owns 2,052 shares of the restaurant operator's stock worth $370,000 after buying an additional 100 shares in the last quarter. Truist Financial Corp increased its stake in Texas Roadhouse by 1.0% in the 4th quarter. Truist Financial Corp now owns 49,799 shares of the restaurant operator's stock valued at $8,985,000 after purchasing an additional 516 shares in the last quarter. Venturi Wealth Management LLC purchased a new position in Texas Roadhouse in the 4th quarter valued at approximately $152,000. Ieq Capital LLC increased its stake in Texas Roadhouse by 187.7% in the 4th quarter. Ieq Capital LLC now owns 10,002 shares of the restaurant operator's stock valued at $1,805,000 after purchasing an additional 6,525 shares in the last quarter. Finally, Hussman Strategic Advisors Inc. purchased a new position in Texas Roadhouse in the 4th quarter valued at approximately $379,000. Hedge funds and other institutional investors own 94.82% of the company's stock.

Insider Activity

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

Texas Roadhouse Stock Up 0.0%

Shares of NASDAQ:TXRH traded up $0.08 during trading on Friday, reaching $193.02. The stock had a trading volume of 2,478,260 shares, compared to its average volume of 928,953. The business has a fifty day moving average price of $181.64 and a 200-day moving average price of $178.69. The stock has a market cap of $12.80 billion, a P/E ratio of 29.79, a PEG ratio of 2.58 and a beta of 0.90. 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 posted its quarterly earnings data 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). The firm had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.44 billion. Texas Roadhouse had a net margin of 7.89% and a return on equity of 32.33%. The business's quarterly revenue was up 11.8% on a year-over-year basis. During the same period in the prior year, the firm earned $1.69 EPS. As a group, equities analysts forecast that Texas Roadhouse, Inc. will post 7.23 EPS for the current year.

Texas Roadhouse Announces Dividend

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

Analyst Ratings Changes

TXRH has been the subject of several research analyst reports. Stephens reaffirmed an "equal weight" rating and issued a $170.00 price objective on shares of Texas Roadhouse in a research note on Tuesday, June 10th. Guggenheim dropped their price objective on Texas Roadhouse from $205.00 to $200.00 and set a "buy" rating for the company in a research note on Thursday, February 27th. Citigroup downgraded Texas Roadhouse from a "buy" rating to a "neutral" rating and dropped their price objective for the company from $213.00 to $164.00 in a research note on Wednesday, April 23rd. Barclays cut their target price on shares of Texas Roadhouse from $179.00 to $175.00 and set an "equal weight" rating for the company in a research report on Friday, May 9th. Finally, Robert W. Baird set a $180.00 target price on shares of Texas Roadhouse and gave the stock an "outperform" rating in a research report on Monday, April 7th. 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, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $191.71.

Texas Roadhouse Company 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.