Axiom Investors LLC DE Has $362.22 Million Stock Position in Texas Roadhouse, Inc. $TXRH

Key Points

• Axiom Investors LLC DE increased its stake in Texas Roadhouse, Inc. by 3,696.7%, making the stock its 9th largest position with approximately 2.17 million shares valued at $362.2 million.
• Several analysts have raised their price targets for Texas Roadhouse, with a consensus average target price of $197.35 and ratings ranging from "Strong Buy" to "Hold."
• The company recently declared a quarterly dividend of $0.68 per share, with a dividend yield of 1.6%, reflecting a payout ratio of 41.53%.

Axiom Investors LLC DE grew its position in Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 3,696.7% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,173,807 shares of the restaurant operator's stock after purchasing an additional 2,116,552 shares during the period. Texas Roadhouse makes up approximately 3.4% of Axiom Investors LLC DE's investment portfolio, making the stock its 9th largest holding. Axiom Investors LLC DE owned 3.27% of Texas Roadhouse worth $362,221,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of TXRH. T. Rowe Price Investment Management Inc. lifted its holdings in shares of Texas Roadhouse by 209.3% in the first quarter. T. Rowe Price Investment Management Inc. now owns 1,609,608 shares of the restaurant operator's stock valued at $268,209,000 after purchasing an additional 1,089,256 shares in the last quarter. Congress Asset Management Co. lifted its holdings in shares of Texas Roadhouse by 8,956.4% in the first quarter. Congress Asset Management Co. now owns 465,679 shares of the restaurant operator's stock valued at $77,596,000 after purchasing an additional 460,537 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of Texas Roadhouse by 19,250.9% in the first quarter. GAMMA Investing LLC now owns 325,095 shares of the restaurant operator's stock valued at $54,171,000 after purchasing an additional 323,415 shares in the last quarter. Nuveen LLC bought a new stake in shares of Texas Roadhouse in the first quarter valued at about $36,208,000. Finally, TD Asset Management Inc lifted its holdings in shares of Texas Roadhouse by 49.1% in the first quarter. TD Asset Management Inc now owns 600,666 shares of the restaurant operator's stock valued at $100,089,000 after purchasing an additional 197,939 shares in the last quarter. 94.82% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Texas Roadhouse news, CTO Hernan E. Mujica sold 2,189 shares of the business's stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $172.40, for a total transaction of $377,383.60. Following the transaction, the chief technology officer owned 17,553 shares of the company's stock, valued at $3,026,137.20. The trade was a 11.09% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Gregory N. Moore sold 3,000 shares of the business'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 approximately $5,979,223. This represents a 7.99% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 8,342 shares of company stock valued at $1,443,704 over the last 90 days. 0.50% of the stock is currently owned by insiders.

Analyst Ratings Changes

TXRH has been the topic of a number of recent research reports. Stephens lifted their target price on Texas Roadhouse from $184.00 to $190.00 and gave the company an "equal weight" rating in a research report on Friday, August 8th. The Goldman Sachs Group lifted their target price on Texas Roadhouse from $184.00 to $205.00 and gave the company a "neutral" rating in a research report on Wednesday, June 4th. Guggenheim lifted their target price on Texas Roadhouse from $200.00 to $210.00 and gave the company a "buy" rating in a research report on Friday, July 11th. Barclays lifted 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. Finally, Citigroup lifted their target price on Texas Roadhouse from $180.00 to $197.00 and gave the company a "neutral" rating in a research report on Tuesday, July 29th. 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 stock. According to MarketBeat, Texas Roadhouse has a consensus rating of "Moderate Buy" and a consensus price target of $197.35.

Texas Roadhouse Price Performance

NASDAQ TXRH traded down $0.47 during trading on Friday, reaching $166.69. 874,245 shares of the company's stock were exchanged, compared to its average volume of 1,022,103. The business has a 50 day moving average price of $178.58 and a 200-day moving average price of $178.51. The stock has a market capitalization of $11.08 billion, a P/E ratio of 25.45, a PEG ratio of 2.28 and a beta of 0.84. 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 announced its quarterly earnings results on Thursday, August 7th. The restaurant operator reported $1.86 earnings per share for the quarter, missing analysts' consensus estimates of $1.95 by ($0.09). The business 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 quarterly revenue was up 12.7% compared to the same quarter last year. During the same period last year, the firm earned $1.79 EPS. On average, analysts forecast that Texas Roadhouse, Inc. will post 7.23 earnings per share for the current year.

Texas Roadhouse Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 2nd will be given a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend is Tuesday, September 2nd. Texas Roadhouse's payout ratio is 41.53%.

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.