XTX Topco Ltd Buys New Shares in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Key Points

• XTX Topco Ltd purchased a new stake in Texas Roadhouse, Inc. worth approximately $4.36 million by acquiring 26,156 shares.
• Analysts have a consensus rating of "Moderate Buy" for Texas Roadhouse, with a price target average of $195.20.
• Texas Roadhouse recently declared a quarterly dividend of $0.68, representing a yield of 1.45% and an annualized dividend of $2.72.

XTX Topco Ltd purchased a new position in Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 26,156 shares of the restaurant operator's stock, valued at approximately $4,358,000.

Other institutional investors have also modified their holdings of the company. Invesco Ltd. increased its holdings in Texas Roadhouse by 5.9% in the fourth quarter. Invesco Ltd. now owns 2,479,323 shares of the restaurant operator's stock valued at $447,344,000 after buying an additional 138,675 shares during the last quarter. FMR LLC grew its holdings in shares of Texas Roadhouse by 44.8% during the fourth quarter. FMR LLC now owns 1,300,987 shares of the restaurant operator's stock valued at $234,737,000 after purchasing an additional 402,465 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Texas Roadhouse by 0.5% during the fourth quarter. Geode Capital Management LLC now owns 1,207,645 shares of the restaurant operator's stock valued at $217,959,000 after purchasing an additional 6,004 shares during the last quarter. Franklin Resources Inc. grew its holdings in shares of Texas Roadhouse by 8.1% during the fourth quarter. Franklin Resources Inc. now owns 966,611 shares of the restaurant operator's stock valued at $174,406,000 after purchasing an additional 72,686 shares during the last quarter. Finally, Norges Bank bought a new position in shares of Texas Roadhouse during the fourth quarter valued at approximately $155,239,000. Institutional investors and hedge funds own 94.82% of the company's stock.

Insider Buying and Selling at Texas Roadhouse

In other Texas Roadhouse news, Director Gregory N. Moore sold 1,000 shares of the business's stock in a transaction 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 sale, the director directly owned 38,050 shares of the company's stock, valued at $7,138,941. The trade was a 2.56% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Donna E. Epps sold 800 shares of the company's stock in a transaction 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 completion of the transaction, the director directly owned 4,632 shares in the company, valued at $863,960.64. This trade represents a 14.73% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.50% of the stock is owned by insiders.

Texas Roadhouse Price Performance

Shares of NASDAQ:TXRH traded down $2.16 on Friday, reaching $182.97. 1,110,680 shares of the company traded hands, compared to its average volume of 1,105,196. Texas Roadhouse, Inc. has a fifty-two week low of $148.73 and a fifty-two week high of $206.04. The company's 50 day moving average is $189.10 and its 200-day moving average is $179.13. The stock has a market capitalization of $12.14 billion, a PE ratio of 28.24, a P/E/G ratio of 2.64 and a beta of 0.87.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last announced its earnings results on Thursday, May 8th. The restaurant operator reported $1.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.75 by ($0.05). Texas Roadhouse had a net margin of 7.89% and a return on equity of 32.33%. The firm had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.44 billion. During the same period last year, the firm earned $1.69 earnings per share. Texas Roadhouse's revenue for the quarter was up 11.8% compared to the same quarter last year. As a group, 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 was paid on Tuesday, July 1st. Shareholders of record on Tuesday, June 3rd were paid a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend was Tuesday, June 3rd. Texas Roadhouse's payout ratio is 41.98%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Citigroup upped their target price on Texas Roadhouse from $180.00 to $197.00 and gave the company a "neutral" rating in a report on Tuesday. Wells Fargo & Company decreased their price objective 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. Bank of America increased their price objective on Texas Roadhouse from $203.00 to $219.00 and gave the stock a "buy" rating in a report on Friday, July 18th. Stephens reissued an "equal weight" rating and issued a $170.00 price objective on shares of Texas Roadhouse in a report on Tuesday, June 10th. Finally, Truist Financial set a $212.00 price objective on Texas Roadhouse and gave the stock a "buy" rating in a report on Wednesday, July 2nd. Ten equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $196.85.

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.