Jefferies Financial Group Inc. Makes New $371,000 Investment in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Jefferies Financial Group Inc. purchased a new position in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 2,055 shares of the restaurant operator's stock, valued at approximately $371,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Texas Roadhouse during the fourth quarter worth about $30,000. Coppell Advisory Solutions LLC boosted its position 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 during the last quarter. SBI Securities Co. Ltd. purchased a new stake in Texas Roadhouse in the 4th quarter worth approximately $36,000. MassMutual Private Wealth & Trust FSB raised its holdings in Texas Roadhouse by 32.2% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 267 shares of the restaurant operator's stock valued at $48,000 after acquiring an additional 65 shares during the last quarter. Finally, VisionPoint Advisory Group LLC purchased a new position in shares of Texas Roadhouse during the 4th quarter worth $64,000. Hedge funds and other institutional investors own 94.82% of the company's stock.

Insider Activity

In other Texas Roadhouse news, President Regina A. Tobin sold 3,154 shares of the stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $185.64, for a total transaction of $585,508.56. Following the completion of the transaction, the president now directly owns 18,414 shares of the company's stock, valued at approximately $3,418,374.96. This trade represents a 14.62% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Christopher C. Colson sold 580 shares of the business's stock in a transaction on Friday, February 28th. The stock was sold at an average price of $181.94, for a total value of $105,525.20. Following the completion of the sale, the insider now directly owns 12,000 shares in the company, valued at $2,183,280. This represents a 4.61% decrease in their position. The disclosure for this sale can be found here. Insiders sold 17,535 shares of company stock worth $3,140,127 over the last three months. Corporate insiders own 0.50% of the company's stock.

Texas Roadhouse Stock Down 1.1%

NASDAQ TXRH traded down $2.17 on Tuesday, hitting $191.36. The stock had a trading volume of 695,804 shares, compared to its average volume of 907,023. The company's 50-day moving average is $169.66 and its two-hundred day moving average is $179.41. Texas Roadhouse, Inc. has a one year low of $148.73 and a one year high of $206.04. The stock has a market cap of $12.72 billion, a price-to-earnings ratio of 29.58, a P/E/G ratio of 1.23 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 for the quarter, missing the consensus estimate of $1.75 by ($0.05). Texas Roadhouse had a net margin of 8.07% and a return on equity of 34.02%. The business had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.44 billion. During the same period in the previous year, the firm earned $1.69 EPS. The firm's revenue was up 11.8% on a year-over-year basis. On average, sell-side analysts anticipate that Texas Roadhouse, Inc. will post 7.23 earnings per share for the current year.

Texas Roadhouse Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Tuesday, June 3rd will be paid a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.42%. The ex-dividend date of this dividend is Tuesday, June 3rd. Texas Roadhouse's dividend payout ratio is currently 41.98%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on TXRH shares. Stifel Nicolaus lowered their price objective on Texas Roadhouse from $172.00 to $170.00 and set a "hold" rating for the company in a research report on Tuesday, April 15th. UBS Group decreased their price target on shares of Texas Roadhouse from $210.00 to $200.00 and set a "buy" rating for the company in a research report on Monday, May 5th. Morgan Stanley raised shares of Texas Roadhouse from an "equal weight" rating to an "overweight" rating and increased their price objective for the company from $205.00 to $213.00 in a research report on Tuesday, January 21st. Royal Bank of Canada dropped their target price 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. Finally, Stephens cut their price target on shares of Texas Roadhouse from $186.00 to $180.00 and set an "equal weight" rating on the stock in a report on Friday, February 21st. Ten investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average 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.