Axiom Investors LLC DE Has $362.22 Million Holdings 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 lifted its stake in Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 3,696.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,173,807 shares of the restaurant operator's stock after buying an additional 2,116,552 shares during the period. Texas Roadhouse makes up approximately 3.4% of Axiom Investors LLC DE's holdings, making the stock its 9th largest holding. Axiom Investors LLC DE owned about 3.27% of Texas Roadhouse worth $362,221,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of TXRH. Golden State Wealth Management LLC increased its holdings in Texas Roadhouse by 157.3% during the 1st quarter. Golden State Wealth Management LLC now owns 4,658 shares of the restaurant operator's stock valued at $776,000 after purchasing an additional 2,848 shares during the period. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Texas Roadhouse by 253.5% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 38,086 shares of the restaurant operator's stock worth $6,346,000 after acquiring an additional 27,312 shares during the period. Brighton Jones LLC purchased a new position in shares of Texas Roadhouse during the 1st quarter worth approximately $499,000. Running Oak Capital LLC grew its holdings in shares of Texas Roadhouse by 9.3% during the 1st quarter. Running Oak Capital LLC now owns 89,385 shares of the restaurant operator's stock worth $14,933,000 after acquiring an additional 7,628 shares during the period. Finally, Monument Capital Management purchased a new position in shares of Texas Roadhouse during the 1st quarter worth approximately $2,683,000. Hedge funds and other institutional investors own 94.82% of the company's stock.

Texas Roadhouse Stock Performance

Shares of NASDAQ TXRH traded up $0.64 during midday trading on Tuesday, hitting $168.12. 1,284,464 shares of the stock traded hands, compared to its average volume of 1,025,557. The firm has a 50-day moving average of $179.95 and a two-hundred day moving average of $178.68. The firm has a market capitalization of $11.17 billion, a P/E ratio of 25.67, a PEG ratio of 2.29 and a beta of 0.84. Texas Roadhouse, Inc. has a one year low of $148.73 and a one year high of $206.04.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last released 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 firm had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.50 billion. Texas Roadhouse had a net margin of 7.72% and a return on equity of 31.52%. Texas Roadhouse's quarterly revenue was up 12.7% compared to the same quarter last year. During the same period in the previous year, the company earned $1.79 earnings per share. Equities analysts forecast that Texas Roadhouse, Inc. will post 7.23 earnings per share for the current fiscal year.

Texas Roadhouse Dividend Announcement

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 paid a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date is Tuesday, September 2nd. Texas Roadhouse's dividend payout ratio is presently 41.53%.

Insiders Place Their Bets

In other Texas Roadhouse news, CTO Hernan E. Mujica sold 2,189 shares of the stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $172.40, for a total value of $377,383.60. Following the completion of the sale, the chief technology officer owned 17,553 shares in the company, valued at approximately $3,026,137.20. This represents a 11.09% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, President Regina A. Tobin sold 3,153 shares of the stock in a transaction on Monday, August 18th. The stock was sold at an average price of $173.53, for a total value of $547,140.09. Following the completion of the sale, the president owned 15,261 shares of the company's stock, valued at $2,648,241.33. The trade was a 17.12% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 8,342 shares of company stock worth $1,443,704. Corporate insiders own 0.50% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. 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. UBS Group upped their price target on Texas Roadhouse from $200.00 to $220.00 and gave the stock a "buy" rating in a research note on Friday, June 6th. Morgan Stanley upped their price target on Texas Roadhouse from $200.00 to $205.00 and gave the stock an "overweight" rating in a research note on Monday, July 14th. Melius Research upgraded Texas Roadhouse to a "strong-buy" rating in a research note on Monday, July 14th. Finally, Stifel Nicolaus upped their price target on Texas Roadhouse from $180.00 to $188.00 and gave the stock a "hold" rating in a research note on Friday, July 25th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and eleven have issued a Hold rating to the stock. According to data from MarketBeat.com, Texas Roadhouse has a consensus rating of "Moderate Buy" and an average price target of $197.35.

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.