Texas Roadhouse, Inc. $TXRH Stake Boosted by American Century Companies Inc.

Key Points

• American Century Companies Inc. has increased its stake in Texas Roadhouse, Inc. by 13.7%, owning 166,866 shares valued at approximately $27.8 million.
• Texas Roadhouse reported an EPS of $1.86 for the last quarter, missing analysts' expectations, but achieved 12.7% revenue growth year-over-year with total revenue of $1.51 billion.
• The company declared a $0.68 quarterly dividend, scheduled for payment on September 30th, offering an annualized yield of 1.5%.

American Century Companies Inc. increased its position in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 13.7% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 166,866 shares of the restaurant operator's stock after buying an additional 20,089 shares during the period. American Century Companies Inc. owned 0.25% of Texas Roadhouse worth $27,805,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Coppell Advisory Solutions LLC raised its stake in Texas Roadhouse by 56.8% during the fourth quarter. Coppell Advisory Solutions LLC now owns 196 shares of the restaurant operator's stock worth $35,000 after acquiring an additional 71 shares in the last quarter. Bogart Wealth LLC bought a new stake in shares of Texas Roadhouse in the 1st quarter worth about $33,000. Park Place Capital Corp increased its position in shares of Texas Roadhouse by 459.1% during the 1st quarter. Park Place Capital Corp now owns 369 shares of the restaurant operator's stock worth $61,000 after purchasing an additional 303 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted its holdings in Texas Roadhouse by 41.9% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 379 shares of the restaurant operator's stock valued at $63,000 after purchasing an additional 112 shares during the last quarter. Finally, Versant Capital Management Inc boosted its position in Texas Roadhouse by 153.9% in the first quarter. Versant Capital Management Inc now owns 457 shares of the restaurant operator's stock valued at $76,000 after buying an additional 277 shares in the last quarter. Institutional investors and hedge funds own 94.82% of the company's stock.

Texas Roadhouse Stock Up 2.0%

Texas Roadhouse stock opened at $177.33 on Friday. The business's 50-day simple moving average is $184.28 and its 200 day simple moving average is $178.80. The stock has a market cap of $11.78 billion, a price-to-earnings ratio of 27.07, a P/E/G ratio of 2.38 and a beta of 0.86. Texas Roadhouse, Inc. has a 12-month low of $148.73 and a 12-month high of $206.04.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last released its earnings results on Thursday, August 7th. The restaurant operator reported $1.86 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.95 by ($0.09). Texas Roadhouse had a net margin of 7.72% and a return on equity of 31.52%. The business had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.50 billion. During the same quarter in the previous year, the company posted $1.79 earnings per share. The business's revenue for the quarter was up 12.7% on a year-over-year basis. As a group, sell-side analysts expect that Texas Roadhouse, Inc. will post 7.23 EPS for the current year.

Texas Roadhouse Announces Dividend

The company also recently announced 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. The ex-dividend date is Tuesday, September 2nd. This represents a $2.72 annualized dividend and a yield of 1.5%. Texas Roadhouse's payout ratio is presently 41.53%.

Insiders Place Their Bets

In other Texas Roadhouse news, President Regina A. Tobin sold 3,153 shares of the firm's stock in a transaction that occurred 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 transaction, the president directly owned 15,261 shares in the company, valued at $2,648,241.33. This trade represents a 17.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Gregory N. Moore sold 3,000 shares of the stock in a transaction on Monday, August 18th. The shares were sold at an average price of $173.06, for a total transaction of $519,180.00. Following the completion of 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 sold a total of 8,342 shares of company stock valued at $1,443,704 in the last quarter. 0.50% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on TXRH shares. UBS Group raised their price objective on shares of Texas Roadhouse from $200.00 to $220.00 and gave the stock a "buy" rating in a report on Friday, June 6th. Citigroup raised their price target on Texas Roadhouse from $180.00 to $197.00 and gave the company a "neutral" rating in a report on Tuesday, July 29th. Melius initiated coverage on Texas Roadhouse in a research report on Monday, July 14th. They issued a "buy" rating and a $235.00 price objective for the company. Barclays increased their target price on Texas Roadhouse from $175.00 to $189.00 and gave the stock an "equal weight" rating in a report on Thursday, July 17th. Finally, Bank of America raised their target price on Texas Roadhouse from $203.00 to $219.00 and gave the company a "buy" rating in a research note on Friday, July 18th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $197.85.

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.

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