Texas Roadhouse, Inc. $TXRH Shares Purchased by Bfsg LLC

Bfsg LLC boosted its stake in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 111.1% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 29,798 shares of the restaurant operator’s stock after purchasing an additional 15,682 shares during the period. Bfsg LLC’s holdings in Texas Roadhouse were worth $4,951,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in TXRH. QRG Capital Management Inc. acquired a new stake in shares of Texas Roadhouse in the third quarter valued at $424,000. Evergreen Capital Management LLC boosted its holdings in Texas Roadhouse by 31.6% during the 3rd quarter. Evergreen Capital Management LLC now owns 3,584 shares of the restaurant operator’s stock valued at $595,000 after acquiring an additional 861 shares during the period. First National Advisers LLC boosted its holdings in Texas Roadhouse by 4.5% during the 3rd quarter. First National Advisers LLC now owns 14,057 shares of the restaurant operator’s stock valued at $2,336,000 after acquiring an additional 607 shares during the period. Stephens Investment Management Group LLC acquired a new position in Texas Roadhouse in the 3rd quarter valued at about $31,037,000. Finally, Exencial Wealth Advisors LLC purchased a new stake in Texas Roadhouse during the third quarter worth about $201,000. 94.82% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently commented on the stock. Truist Financial raised their price objective on shares of Texas Roadhouse from $195.00 to $206.00 and gave the company a “buy” rating in a research note on Thursday, January 8th. Stephens decreased their price target on shares of Texas Roadhouse from $175.00 to $168.00 and set an “equal weight” rating for the company in a research report on Friday, November 7th. Zacks Research raised Texas Roadhouse from a “strong sell” rating to a “hold” rating in a research report on Thursday, January 8th. BMO Capital Markets increased their price objective on Texas Roadhouse from $155.00 to $170.00 and gave the company a “market perform” rating in a research note on Tuesday, January 6th. Finally, Sanford C. Bernstein set a $185.00 target price on Texas Roadhouse in a research note on Wednesday, January 7th. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $194.00.

Texas Roadhouse Price Performance

NASDAQ:TXRH opened at $194.49 on Friday. Texas Roadhouse, Inc. has a 12 month low of $148.73 and a 12 month high of $199.99. The firm has a market capitalization of $12.87 billion, a PE ratio of 29.74, a price-to-earnings-growth ratio of 3.05 and a beta of 0.89. The business’s fifty day moving average price is $172.52 and its 200 day moving average price is $173.53.

Texas Roadhouse (NASDAQ:TXRH) last released its quarterly earnings data on Thursday, November 6th. The restaurant operator reported $1.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.28 by ($0.03). Texas Roadhouse had a return on equity of 30.59% and a net margin of 7.49%.The business had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.43 billion. During the same period in the prior year, the company posted $1.26 earnings per share. The company’s revenue was up 12.8% compared to the same quarter last year. As a group, equities analysts anticipate that Texas Roadhouse, Inc. will post 7.23 EPS for the current year.

Texas Roadhouse Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 30th. Shareholders of record on Tuesday, December 2nd were paid a $0.68 dividend. This represents a $2.72 annualized dividend and a yield of 1.4%. The ex-dividend date was Tuesday, December 2nd. Texas Roadhouse’s dividend payout ratio is currently 41.59%.

Insiders Place Their Bets

In related news, CEO Gerald L. Morgan sold 5,000 shares of Texas Roadhouse stock in a transaction on Monday, January 12th. The shares were sold at an average price of $187.13, for a total transaction of $935,650.00. Following the sale, the chief executive officer directly owned 96,774 shares in the company, valued at $18,109,318.62. This trade represents a 4.91% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Hugh J. Carroll sold 1,000 shares of the business’s stock in a transaction on Thursday, December 4th. The shares were sold at an average price of $167.27, for a total transaction of $167,270.00. Following the completion of the sale, the director directly owned 1,854 shares of the company’s stock, valued at approximately $310,118.58. This trade represents a 35.04% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 7,400 shares of company stock valued at $1,340,920. 0.50% of the stock is owned by corporate insiders.

Texas Roadhouse Profile

Texas Roadhouse, Inc is a casual dining restaurant chain specializing in hand‐cut steaks, fall‐off‐the‐bone ribs, chicken, seafood and house specialties. Each restaurant features a Western‐themed décor, open kitchens and a signature line dance presentation of fresh, made‐from‐scratch sides and breads. The company emphasizes an energetic dining experience, focusing on hospitality, value and a family‐friendly environment.

The concept was created in 1993 by founder Kent Taylor, who sought to combine high‐quality steaks with an approachable, community‐oriented atmosphere.