Stephens Inc. AR Takes Position in Texas Roadhouse, Inc. $TXRH

Stephens Inc. AR purchased a new stake in Texas Roadhouse, Inc. (NASDAQ:TXRH) during the second quarter, according to its most recent filing with the SEC. The firm purchased 3,040 shares of the restaurant operator’s stock, valued at approximately $570,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Axiom Investors LLC DE increased its holdings in shares of Texas Roadhouse by 3,696.7% in the 1st quarter. Axiom Investors LLC DE now owns 2,173,807 shares of the restaurant operator’s stock valued at $362,221,000 after acquiring an additional 2,116,552 shares during the period. Roundview Capital LLC purchased a new position in Texas Roadhouse during the 2nd quarter worth $1,482,000. NorthRock Partners LLC purchased a new position in Texas Roadhouse during the 2nd quarter worth $276,000. Night Squared LP purchased a new position in Texas Roadhouse during the 1st quarter worth $6,461,000. Finally, Golden State Wealth Management LLC grew its stake in Texas Roadhouse by 26.5% during the 1st quarter. Golden State Wealth Management LLC now owns 2,290 shares of the restaurant operator’s stock worth $382,000 after buying an additional 480 shares during the last quarter. 94.82% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts recently weighed in on TXRH shares. Truist Financial set a $212.00 target price on Texas Roadhouse and gave the stock a “buy” rating in a research note on Wednesday, July 2nd. Barclays dropped their target price on Texas Roadhouse from $189.00 to $187.00 and set an “equal weight” rating on the stock in a research note on Wednesday. Weiss Ratings restated a “buy (b)” rating on shares of Texas Roadhouse in a research note on Friday. Evercore ISI downgraded Texas Roadhouse from an “outperform” rating to an “in-line” rating and set a $190.00 target price on the stock. in a research note on Thursday, September 4th. Finally, Zacks Research downgraded Texas Roadhouse from a “hold” rating to a “strong sell” rating in a research note on Wednesday. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, ten have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $197.16.

Insider Activity

In other news, CTO Hernan E. Mujica sold 2,189 shares of the business’s stock in a transaction dated 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 transaction, the chief technology officer owned 17,553 shares of the company’s stock, valued at $3,026,137.20. The trade was a 11.09% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Gregory N. Moore sold 3,000 shares of the company’s stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $173.06, for a total value of $519,180.00. Following the completion of the transaction, the director directly owned 34,550 shares of the company’s stock, valued at $5,979,223. The trade was 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 company insiders.

Texas Roadhouse Stock Performance

Shares of TXRH opened at $175.54 on Friday. The stock has a 50-day moving average of $169.29 and a two-hundred day moving average of $177.59. 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 $11.66 billion, a P/E ratio of 26.80, a P/E/G ratio of 2.60 and a beta of 0.82.

Texas Roadhouse (NASDAQ:TXRH) last issued its quarterly earnings data on Thursday, August 7th. The restaurant operator reported $1.86 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.95 by ($0.09). The company had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.50 billion. Texas Roadhouse had a net margin of 7.72% and a return on equity of 31.52%. The business’s quarterly revenue was up 12.7% compared to the same quarter last year. During the same period last year, the firm earned $1.79 EPS. Analysts predict that Texas Roadhouse, Inc. will post 7.23 EPS for the current fiscal year.

Texas Roadhouse Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 2nd were issued a $0.68 dividend. This represents a $2.72 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend was Tuesday, September 2nd. Texas Roadhouse’s payout ratio is 41.53%.

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.