Townsquare Capital LLC Grows Stock Holdings in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Key Points

• Townsquare Capital LLC increased its position in Texas Roadhouse by 168.3%, owning 19,093 shares valued at approximately $3.18 million as of the end of the most recent quarter.
• Texas Roadhouse's latest quarterly earnings report showed earnings per share of $1.86, missing analysts' expectations by $0.09, although revenue rose by 12.7% year-over-year.
• The company declared a quarterly dividend of $0.68 per share, with an ex-dividend date on September 2nd, representing an annualized yield of 1.6%.

Townsquare Capital LLC boosted its stake in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 168.3% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,093 shares of the restaurant operator's stock after buying an additional 11,977 shares during the period. Townsquare Capital LLC's holdings in Texas Roadhouse were worth $3,181,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TXRH. Bogart Wealth LLC bought a new stake in shares of Texas Roadhouse in the 1st quarter worth $33,000. Coppell Advisory Solutions LLC lifted its position in shares of Texas Roadhouse by 56.8% in the fourth quarter. Coppell Advisory Solutions LLC now owns 196 shares of the restaurant operator's stock valued at $35,000 after acquiring an additional 71 shares in the last quarter. Park Place Capital Corp lifted its position in shares of Texas Roadhouse by 459.1% in the first quarter. Park Place Capital Corp now owns 369 shares of the restaurant operator's stock valued at $61,000 after acquiring an additional 303 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted its position in shares of Texas Roadhouse by 41.9% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 379 shares of the restaurant operator's stock valued at $63,000 after acquiring an additional 112 shares in the last quarter. Finally, Versant Capital Management Inc increased its holdings in shares of 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 last quarter. Institutional investors own 94.82% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on TXRH. Truist Financial set a $212.00 target price on Texas Roadhouse and gave the stock a "buy" rating in a report on Wednesday, July 2nd. Barclays boosted their target price on Texas Roadhouse from $175.00 to $189.00 and gave the company an "equal weight" rating in a research report on Thursday, July 17th. Stephens boosted their price target on Texas Roadhouse from $184.00 to $190.00 and gave the company an "equal weight" rating in a report on Friday, August 8th. Wells Fargo & Company lowered their price target on 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, Stifel Nicolaus upped their target price on Texas Roadhouse from $180.00 to $188.00 and gave the stock a "hold" rating in a report on Friday, July 25th. Ten equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Texas Roadhouse currently has a consensus rating of "Moderate Buy" and an average price target of $197.85.

Insider Activity at Texas Roadhouse

In related news, Director Donna E. Epps sold 800 shares of the firm's 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 transaction, the director directly owned 4,632 shares of the company's stock, valued at approximately $863,960.64. This trade represents a 14.73% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.50% of the stock is owned by company insiders.

Texas Roadhouse Stock Performance

Shares of NASDAQ TXRH traded down $1.54 during mid-day trading on Wednesday, hitting $175.17. The stock had a trading volume of 1,076,941 shares, compared to its average volume of 985,610. The company has a 50 day moving average of $186.43 and a two-hundred day moving average of $179.16. Texas Roadhouse, Inc. has a twelve month low of $148.73 and a twelve month high of $206.04. The firm has a market cap of $11.62 billion, a PE ratio of 26.74, a PEG ratio of 2.41 and a beta of 0.86.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The restaurant operator reported $1.86 earnings per share for the quarter, missing the consensus estimate of $1.95 by ($0.09). The company had revenue of $1.51 billion for 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% on a year-over-year basis. During the same period in the prior year, the business posted $1.79 earnings per share. Equities research analysts predict that Texas Roadhouse, Inc. will post 7.23 EPS for the current fiscal year.

Texas Roadhouse Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 2nd will be given a dividend of $0.68 per share. The ex-dividend date is Tuesday, September 2nd. This represents a $2.72 dividend on an annualized basis and a dividend 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.