SG Americas Securities LLC increased its stake in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 11.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 20,141 shares of the restaurant operator’s stock after buying an additional 2,013 shares during the period. SG Americas Securities LLC’s holdings in Texas Roadhouse were worth $897,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Congress Asset Management Co. MA acquired a new position in Texas Roadhouse during the fourth quarter worth $55,710,000. Janus Capital Management LLC acquired a new position in Texas Roadhouse during the fourth quarter worth $27,087,000. AQR Capital Management LLC raised its position in Texas Roadhouse by 141.9% in the fourth quarter. AQR Capital Management LLC now owns 727,926 shares of the restaurant operator’s stock worth $35,115,000 after buying an additional 426,957 shares during the last quarter. Norges Bank acquired a new position in Texas Roadhouse during the fourth quarter worth $20,142,000. Finally, Scout Investments Inc. raised its position in Texas Roadhouse by 79.3% in the first quarter. Scout Investments Inc. now owns 583,444 shares of the restaurant operator’s stock worth $25,426,000 after buying an additional 258,006 shares during the last quarter. 88.80% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Texas Roadhouse, Inc. (TXRH) opened at 49.32 on Friday. The stock’s 50 day moving average price is $49.36 and its 200-day moving average price is $46.75. Texas Roadhouse, Inc. has a 52-week low of $37.23 and a 52-week high of $51.85. The company has a market capitalization of $3.50 billion, a P/E ratio of 30.61 and a beta of 0.55.
Texas Roadhouse (NASDAQ:TXRH) last released its earnings results on Monday, May 1st. The restaurant operator reported $0.61 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.58 by $0.03. Texas Roadhouse had a return on equity of 16.42% and a net margin of 5.60%. The business had revenue of $567.70 million during the quarter, compared to the consensus estimate of $560.74 million. During the same period last year, the business posted $0.50 earnings per share. The business’s revenue for the quarter was up 10.1% on a year-over-year basis. On average, equities analysts expect that Texas Roadhouse, Inc. will post $1.92 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, June 30th. Stockholders of record on Wednesday, June 14th will be given a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 1.70%. The ex-dividend date of this dividend is Monday, June 12th. Texas Roadhouse’s dividend payout ratio (DPR) is presently 52.50%.
TXRH has been the topic of a number of recent analyst reports. Maxim Group reissued a “buy” rating and set a $52.00 target price on shares of Texas Roadhouse in a report on Thursday, April 27th. Jefferies Group LLC reissued an “underperform” rating and set a $40.00 target price (up from $38.00) on shares of Texas Roadhouse in a report on Tuesday, May 2nd. Wells Fargo & Company reissued a “market perform” rating on shares of Texas Roadhouse in a report on Wednesday, February 22nd. They noted that the move was a valuation call. Deutsche Bank AG boosted their target price on Texas Roadhouse from $45.00 to $49.00 and gave the stock a “hold” rating in a report on Tuesday, May 2nd. Finally, Goldman Sachs Group, Inc. (The) boosted their target price on Texas Roadhouse from $41.00 to $44.00 and gave the stock a “neutral” rating in a report on Tuesday, May 2nd. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $48.47.
In other news, General Counsel Celia Catlett sold 1,837 shares of Texas Roadhouse stock in a transaction on Tuesday, May 9th. The stock was sold at an average price of $49.95, for a total value of $91,758.15. Following the completion of the transaction, the general counsel now directly owns 10,000 shares in the company, valued at $499,500. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Kathy Widmer sold 4,800 shares of Texas Roadhouse stock in a transaction on Monday, March 27th. The shares were sold at an average price of $43.17, for a total value of $207,216.00. Following the completion of the transaction, the director now owns 18,950 shares of the company’s stock, valued at $818,071.50. The disclosure for this sale can be found here. Over the last quarter, insiders sold 30,337 shares of company stock valued at $1,482,533. 7.40% of the stock is owned by company insiders.
Texas Roadhouse Company Profile
Texas Roadhouse, Inc is a restaurant company, which operates in the casual dining segment. The Company offers an assortment of seasoned and aged steaks, all cooked over open grills and all but one hand cut daily on the premises. Its restaurants offer a range of menu items at prices that are designed to appeal to a range of consumer tastes.
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