Texas Roadhouse, Inc. $TXRH Shares Acquired by Savoir Faire Capital Management L.P.

Savoir Faire Capital Management L.P. lifted its holdings in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 16.2% during the third quarter, HoldingsChannel.com reports. The fund owned 28,083 shares of the restaurant operator’s stock after purchasing an additional 3,923 shares during the quarter. Texas Roadhouse makes up 1.7% of Savoir Faire Capital Management L.P.’s holdings, making the stock its 24th largest position. Savoir Faire Capital Management L.P.’s holdings in Texas Roadhouse were worth $4,666,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Alliancebernstein L.P. boosted its stake in Texas Roadhouse by 528.2% during the 2nd quarter. Alliancebernstein L.P. now owns 3,172,738 shares of the restaurant operator’s stock worth $594,603,000 after purchasing an additional 2,667,716 shares during the period. Invesco Ltd. boosted its stake in shares of Texas Roadhouse by 17.2% during the second quarter. Invesco Ltd. now owns 2,603,729 shares of the restaurant operator’s stock worth $487,965,000 after buying an additional 382,699 shares during the period. AQR Capital Management LLC boosted its stake in shares of Texas Roadhouse by 85.7% during the second quarter. AQR Capital Management LLC now owns 2,343,000 shares of the restaurant operator’s stock worth $439,102,000 after buying an additional 1,081,413 shares during the period. Geode Capital Management LLC grew its holdings in shares of Texas Roadhouse by 1.5% during the second quarter. Geode Capital Management LLC now owns 1,302,021 shares of the restaurant operator’s stock worth $244,048,000 after buying an additional 19,296 shares during the last quarter. Finally, Franklin Resources Inc. increased its position in Texas Roadhouse by 9.7% in the 2nd quarter. Franklin Resources Inc. now owns 1,011,630 shares of the restaurant operator’s stock valued at $189,590,000 after acquiring an additional 89,632 shares during the period. 94.82% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Texas Roadhouse news, CEO Gerald L. Morgan sold 5,000 shares of the firm’s stock in a transaction on Tuesday, January 20th. The stock was sold at an average price of $196.00, for a total transaction of $980,000.00. Following the completion of the transaction, the chief executive officer owned 91,774 shares of the company’s stock, valued at approximately $17,987,704. This trade represents a 5.17% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Gregory N. Moore sold 1,400 shares of the company’s stock in a transaction on Wednesday, December 3rd. The shares were sold at an average price of $170.00, for a total value of $238,000.00. Following the completion of the sale, the director owned 32,150 shares in the company, valued at $5,465,500. This represents a 4.17% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 12,400 shares of company stock worth $2,320,920 in the last ninety days. Insiders own 0.50% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on TXRH shares. Zacks Research raised Texas Roadhouse from a “strong sell” rating to a “hold” rating in a research report on Thursday, January 8th. Royal Bank Of Canada lowered their price objective on shares of Texas Roadhouse from $185.00 to $175.00 and set a “sector perform” rating on the stock in a research report on Friday, November 7th. Mizuho upgraded shares of Texas Roadhouse to a “strong-buy” rating in a research report on Tuesday, October 28th. Stephens reduced their target price on shares of Texas Roadhouse from $175.00 to $168.00 and set an “equal weight” rating for the company in a research note on Friday, November 7th. Finally, Sanford C. Bernstein set a $185.00 price target on shares of Texas Roadhouse in a research note on Wednesday, January 7th. 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 company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $196.33.

Texas Roadhouse Stock Down 0.3%

Texas Roadhouse stock opened at $190.65 on Monday. The firm has a market capitalization of $12.61 billion, a PE ratio of 29.15, a P/E/G ratio of 2.99 and a beta of 0.89. Texas Roadhouse, Inc. has a 52 week low of $148.73 and a 52 week high of $199.99. The firm’s 50-day simple moving average is $175.19 and its 200 day simple moving average is $173.58.

Texas Roadhouse (NASDAQ:TXRH) last posted its earnings results on Thursday, November 6th. The restaurant operator reported $1.25 earnings per share for the quarter, missing the consensus estimate of $1.28 by ($0.03). Texas Roadhouse had a net margin of 7.49% and a return on equity of 30.59%. The business had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.43 billion. During the same quarter last year, the business posted $1.26 earnings per share. The business’s revenue was up 12.8% compared to the same quarter last year. On average, research analysts expect 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, December 30th. Investors of record on Tuesday, December 2nd were given a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a dividend yield of 1.4%. The ex-dividend date was Tuesday, December 2nd. Texas Roadhouse’s payout ratio is currently 41.59%.

Texas Roadhouse Company 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.