Stephens Investment Management Group LLC Acquires Shares of 186,803 Texas Roadhouse, Inc. $TXRH

Stephens Investment Management Group LLC bought a new position in Texas Roadhouse, Inc. (NASDAQ:TXRH) in the 3rd quarter, Holdings Channel reports. The firm bought 186,803 shares of the restaurant operator’s stock, valued at approximately $31,037,000.

Other hedge funds also recently added to or reduced their stakes in the company. Roundview Capital LLC bought a new stake in Texas Roadhouse in the second quarter worth about $1,482,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in shares of Texas Roadhouse by 2,515.2% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 417,045 shares of the restaurant operator’s stock valued at $78,158,000 after buying an additional 401,098 shares during the last quarter. Symphony Financial Ltd. Co. purchased a new stake in shares of Texas Roadhouse in the second quarter worth approximately $28,465,000. NorthRock Partners LLC bought a new stake in shares of Texas Roadhouse during the 2nd quarter worth approximately $276,000. Finally, waypoint wealth counsel purchased a new position in Texas Roadhouse during the 2nd quarter valued at $329,000. 94.82% of the stock is currently owned by institutional investors.

Texas Roadhouse Stock Performance

NASDAQ TXRH opened at $194.49 on Friday. Texas Roadhouse, Inc. has a one year low of $148.73 and a one year high of $199.99. The company has a market capitalization of $12.86 billion, a price-to-earnings ratio of 29.74, a price-to-earnings-growth ratio of 3.03 and a beta of 0.89. The company’s 50-day simple moving average is $172.52 and its two-hundred day simple moving average is $173.64.

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 analysts’ consensus estimates of $1.28 by ($0.03). The business had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.43 billion. Texas Roadhouse had a net margin of 7.49% and a return on equity of 30.59%. Texas Roadhouse’s revenue for the quarter was up 12.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.26 earnings per share. Equities analysts expect that Texas Roadhouse, Inc. will post 7.23 earnings per share for the current fiscal year.

Texas Roadhouse Dividend Announcement

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

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Royal Bank Of Canada reduced their target price on Texas Roadhouse from $185.00 to $175.00 and set a “sector perform” rating on the stock in a research note on Friday, November 7th. BMO Capital Markets lifted their price objective on shares of Texas Roadhouse from $155.00 to $170.00 and gave the company a “market perform” rating in a report on Tuesday, January 6th. The Goldman Sachs Group lowered their price objective on shares of Texas Roadhouse from $200.00 to $180.00 and set a “neutral” rating for the company in a research report on Wednesday, October 1st. Wells Fargo & Company raised shares of Texas Roadhouse from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $170.00 to $195.00 in a research report on Wednesday, December 17th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Texas Roadhouse in a report on Monday, December 29th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat.com, Texas Roadhouse currently has a consensus rating of “Moderate Buy” and a consensus target price of $194.00.

Insider Activity

In other Texas Roadhouse news, Director Hugh J. Carroll sold 1,000 shares of Texas Roadhouse stock in a transaction dated Thursday, December 4th. The stock was sold at an average price of $167.27, for a total value of $167,270.00. Following the transaction, the director owned 1,854 shares in the company, valued at $310,118.58. The trade was a 35.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Gerald L. Morgan sold 5,000 shares of the business’s stock in a transaction dated Monday, January 12th. The stock was sold at an average price of $187.13, for a total transaction of $935,650.00. Following the completion of the transaction, the chief executive officer owned 96,774 shares of the company’s stock, valued at $18,109,318.62. This represents a 4.91% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 7,400 shares of company stock worth $1,340,920. 0.50% of the stock is currently owned by company insiders.

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.