Jefferies Financial Group Inc. Purchases Shares of 2,055 Texas Roadhouse, Inc. (NASDAQ:TXRH)

Jefferies Financial Group Inc. purchased a new stake in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 2,055 shares of the restaurant operator's stock, valued at approximately $371,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Norges Bank acquired a new stake in shares of Texas Roadhouse during the 4th quarter worth about $155,239,000. FMR LLC raised its holdings in Texas Roadhouse by 44.8% in the 4th quarter. FMR LLC now owns 1,300,987 shares of the restaurant operator's stock valued at $234,737,000 after acquiring an additional 402,465 shares during the period. T. Rowe Price Investment Management Inc. lifted its position in Texas Roadhouse by 255.1% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 520,352 shares of the restaurant operator's stock worth $93,888,000 after acquiring an additional 373,812 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of Texas Roadhouse during the fourth quarter worth approximately $55,177,000. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in shares of Texas Roadhouse by 29.0% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 819,522 shares of the restaurant operator's stock worth $147,866,000 after acquiring an additional 184,250 shares during the period. 94.82% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Texas Roadhouse news, Director Curtis Warfield sold 4,190 shares of the stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $178.80, for a total value of $749,172.00. Following the completion of the transaction, the director now directly owns 10,082 shares in the company, valued at approximately $1,802,661.60. This trade represents a 29.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Gregory N. Moore sold 1,000 shares of Texas Roadhouse stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $187.62, for a total value of $187,620.00. Following the sale, the director now directly owns 38,050 shares in the company, valued at $7,138,941. The trade was a 2.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 17,535 shares of company stock valued at $3,140,127. 0.50% of the stock is currently owned by insiders.

Texas Roadhouse Trading Up 0.1%

NASDAQ TXRH traded up $0.12 during trading on Thursday, hitting $187.22. 121,016 shares of the company's stock were exchanged, compared to its average volume of 905,579. The company has a market cap of $12.42 billion, a PE ratio of 28.93, a P/E/G ratio of 1.23 and a beta of 0.87. Texas Roadhouse, Inc. has a fifty-two week low of $148.73 and a fifty-two week high of $206.04. The stock's 50 day moving average price is $170.42 and its two-hundred day moving average price is $179.55.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last announced its quarterly 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). The company had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.44 billion. Texas Roadhouse had a net margin of 8.07% and a return on equity of 34.02%. The company's revenue for the quarter was up 11.8% compared to the same quarter last year. During the same period last year, the firm posted $1.69 earnings per share. Analysts forecast that Texas Roadhouse, Inc. will post 7.23 earnings per share for the current fiscal year.

Texas Roadhouse Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Tuesday, June 3rd will be paid a dividend of $0.68 per share. The ex-dividend date of this dividend is Tuesday, June 3rd. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.45%. Texas Roadhouse's payout ratio is presently 41.98%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on TXRH. Stephens lowered their target price on Texas Roadhouse from $186.00 to $180.00 and set an "equal weight" rating on the stock in a research note on Friday, February 21st. Royal Bank of Canada lowered their price objective on Texas Roadhouse from $200.00 to $180.00 and set a "sector perform" rating on the stock in a research report on Friday, February 21st. Citigroup downgraded Texas Roadhouse from a "buy" rating to a "neutral" rating and dropped their target price for the stock from $213.00 to $164.00 in a report on Wednesday, April 23rd. Robert W. Baird set a $180.00 price target on shares of Texas Roadhouse and gave the company an "outperform" rating in a research note on Monday, April 7th. Finally, Truist Financial lowered their price target on shares of Texas Roadhouse from $209.00 to $205.00 and set a "buy" rating on the stock in a research report on Friday, February 21st. Ten equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, Texas Roadhouse presently has a consensus rating of "Moderate Buy" and a consensus price target of $191.62.

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.