Braun Stacey Associates Inc. Grows Stake in Texas Roadhouse, Inc. $TXRH

Braun Stacey Associates Inc. increased its position in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 3.2% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 129,839 shares of the restaurant operator’s stock after purchasing an additional 4,075 shares during the quarter. Braun Stacey Associates Inc. owned 0.20% of Texas Roadhouse worth $21,553,000 as of its most recent filing with the SEC.

Several other large investors also recently bought and sold shares of TXRH. Capital World Investors grew its stake in Texas Roadhouse by 580.2% in the 3rd quarter. Capital World Investors now owns 2,236,885 shares of the restaurant operator’s stock valued at $371,658,000 after acquiring an additional 1,908,033 shares during the last quarter. Caprock Group LLC purchased a new stake in shares of Texas Roadhouse in the third quarter valued at about $1,070,000. Bfsg LLC grew its position in shares of Texas Roadhouse by 111.1% in the third quarter. Bfsg LLC now owns 29,798 shares of the restaurant operator’s stock valued at $4,951,000 after purchasing an additional 15,682 shares during the last quarter. Sequoia Financial Advisors LLC grew its position in shares of Texas Roadhouse by 101.0% in the third quarter. Sequoia Financial Advisors LLC now owns 5,377 shares of the restaurant operator’s stock valued at $893,000 after purchasing an additional 2,702 shares during the last quarter. Finally, Cinctive Capital Management LP purchased a new position in shares of Texas Roadhouse during the 3rd quarter worth approximately $18,915,000. Institutional investors and hedge funds own 94.82% of the company’s stock.

Insiders Place Their Bets

In other Texas Roadhouse news, Director Gregory N. Moore sold 1,700 shares of the company’s stock in a transaction dated Friday, March 6th. The stock was sold at an average price of $171.59, for a total transaction of $291,703.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CTO Hernan E. Mujica sold 5,000 shares of Texas Roadhouse stock in a transaction dated Friday, March 13th. The shares were sold at an average price of $170.00, for a total value of $850,000.00. Following the completion of the transaction, the chief technology officer directly owned 15,552 shares in the company, valued at $2,643,840. This represents a 24.33% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 22,988 shares of company stock worth $4,133,794. Corporate insiders own 0.50% of the company’s stock.

Texas Roadhouse Price Performance

Shares of TXRH stock opened at $162.98 on Friday. The firm has a market cap of $10.75 billion, a P/E ratio of 26.76, a PEG ratio of 1.77 and a beta of 0.88. Texas Roadhouse, Inc. has a 1-year low of $148.73 and a 1-year high of $199.99. The firm’s 50-day simple moving average is $176.58 and its 200-day simple moving average is $173.27.

Texas Roadhouse (NASDAQ:TXRH) last released its earnings results on Thursday, February 19th. The restaurant operator reported $1.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.53 by ($0.25). Texas Roadhouse had a net margin of 6.90% and a return on equity of 27.88%. The company had revenue of $1.48 billion during the quarter, compared to analysts’ expectations of $1.50 billion. During the same quarter in the previous year, the firm posted $1.73 earnings per share. Texas Roadhouse’s revenue for the quarter was up 3.1% compared to the same quarter last year. Analysts expect that Texas Roadhouse, Inc. will post 7.23 earnings per share for the current fiscal year.

Texas Roadhouse Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Tuesday, March 17th were given a $0.75 dividend. This is an increase from Texas Roadhouse’s previous quarterly dividend of $0.68. The ex-dividend date of this dividend was Tuesday, March 17th. This represents a $3.00 annualized dividend and a dividend yield of 1.8%. Texas Roadhouse’s dividend payout ratio is 49.26%.

Analysts Set New Price Targets

TXRH has been the topic of a number of recent research reports. The Goldman Sachs Group upped their target price on Texas Roadhouse from $175.00 to $200.00 and gave the company a “neutral” rating in a research note on Wednesday, January 28th. Zacks Research raised Texas Roadhouse from a “strong sell” rating to a “hold” rating in a report on Thursday, January 8th. BMO Capital Markets restated a “market perform” rating and issued a $165.00 price objective on shares of Texas Roadhouse in a research report on Friday, February 20th. Barclays set a $188.00 price objective on Texas Roadhouse in a research note on Friday, February 20th. Finally, Morgan Stanley dropped their price objective on Texas Roadhouse from $208.00 to $202.00 and set an “overweight” rating for the company in a research report on Monday, February 23rd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and thirteen have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $195.90.

About Texas Roadhouse

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.