Texas Roadhouse, Inc. $TXRH Shares Acquired by Stephens Investment Management Group LLC

Stephens Investment Management Group LLC grew its holdings in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 98.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 370,225 shares of the restaurant operator’s stock after buying an additional 183,422 shares during the quarter. Stephens Investment Management Group LLC’s holdings in Texas Roadhouse were worth $61,457,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Princeton Global Asset Management LLC acquired a new position in Texas Roadhouse during the fourth quarter worth $31,000. Measured Wealth Private Client Group LLC acquired a new position in Texas Roadhouse during the third quarter worth $33,000. Root Financial Partners LLC acquired a new position in Texas Roadhouse during the third quarter worth $36,000. LRI Investments LLC raised its holdings in Texas Roadhouse by 100.0% during the third quarter. LRI Investments LLC now owns 300 shares of the restaurant operator’s stock worth $50,000 after purchasing an additional 150 shares during the last quarter. Finally, Parkside Financial Bank & Trust raised its holdings in Texas Roadhouse by 100.6% during the third quarter. Parkside Financial Bank & Trust now owns 355 shares of the restaurant operator’s stock worth $59,000 after purchasing an additional 178 shares during the last quarter. 94.82% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. BMO Capital Markets reaffirmed a “market perform” rating and set a $165.00 price objective on shares of Texas Roadhouse in a report on Friday, February 20th. Wells Fargo & Company reduced their price objective on Texas Roadhouse from $220.00 to $200.00 and set an “overweight” rating for the company in a report on Thursday, April 16th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $200.00 price objective on shares of Texas Roadhouse in a report on Friday, May 8th. TD Cowen reduced their price objective on Texas Roadhouse from $215.00 to $192.00 and set a “buy” rating for the company in a report on Friday, May 8th. Finally, Barclays reduced their price objective on Texas Roadhouse from $188.00 to $175.00 and set an “equal weight” rating for the company in a report on Friday, May 8th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and fourteen have given a Hold rating to the company. According to data from MarketBeat.com, Texas Roadhouse presently has an average rating of “Hold” and a consensus target price of $195.09.

Texas Roadhouse Stock Performance

Texas Roadhouse stock opened at $177.97 on Friday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.45 and a current ratio of 0.46. The stock has a fifty day moving average of $166.60 and a two-hundred day moving average of $172.77. The company has a market capitalization of $11.70 billion, a price-to-earnings ratio of 28.43, a PEG ratio of 1.95 and a beta of 0.77. Texas Roadhouse, Inc. has a fifty-two week low of $153.82 and a fifty-two week high of $199.99.

Texas Roadhouse (NASDAQ:TXRH) last released its quarterly earnings results on Thursday, May 7th. The restaurant operator reported $1.87 earnings per share for the quarter, topping the consensus estimate of $1.80 by $0.07. The company had revenue of $1.63 billion during the quarter, compared to the consensus estimate of $1.64 billion. Texas Roadhouse had a return on equity of 27.86% and a net margin of 6.85%.Texas Roadhouse’s revenue was up 10.5% compared to the same quarter last year. During the same quarter last year, the business posted $1.70 earnings per share. On average, analysts anticipate that Texas Roadhouse, Inc. will post 6.39 EPS for the current fiscal year.

Texas Roadhouse Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 2nd will be given a dividend of $0.75 per share. The ex-dividend date of this dividend is Tuesday, June 2nd. This represents a $3.00 annualized dividend and a yield of 1.7%. Texas Roadhouse’s dividend payout ratio (DPR) is presently 47.92%.

Insider Activity at Texas Roadhouse

In other news, Director Curtis Warfield sold 2,640 shares of Texas Roadhouse stock in a transaction on Monday, May 11th. The stock was sold at an average price of $183.05, for a total value of $483,252.00. Following the completion of the sale, the director owned 5,361 shares of the company’s stock, valued at $981,331.05. The trade was a 33.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, President Regina A. Tobin sold 4,450 shares of Texas Roadhouse stock in a transaction on Thursday, March 19th. The shares were sold at an average price of $171.00, for a total value of $760,950.00. Following the completion of the sale, the president directly owned 13,778 shares of the company’s stock, valued at approximately $2,356,038. This represents a 24.41% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 17,878 shares of company stock valued at $3,102,411 in the last ninety days. 0.50% of the stock is owned by insiders.

Texas Roadhouse News Roundup

Here are the key news stories impacting Texas Roadhouse this week:

• Positive Sentiment: RBC Capital and UBS both turned bullish on Texas Roadhouse, adding to a generally supportive analyst backdrop that can boost investor confidence in TXRH. Texas Roadhouse attracts a bull rating from RBC Capital Texas Roadhouse (TXRH) Gets a Buy from UBS
• Positive Sentiment: JPMorgan raised its price target on TXRH to $188 from $182, signaling expectations for additional upside from current levels. Texas Roadhouse had its price target raised by JPMorgan Chase & Co.
• Positive Sentiment: Texas Roadhouse’s latest earnings beat EPS estimates, and revenue grew 10.5% year over year, reinforcing the stock’s fundamental support after the company’s May 7 report. Texas Roadhouse stock and earnings details
• Neutral Sentiment: Analysts continue to view TXRH favorably overall, but the consensus rating remains “Hold,” which may limit how far the stock can run on news alone.
• Neutral Sentiment: The company also announced a quarterly dividend of $0.75 per share, which supports the investment case but is not likely the main driver of trading today.
• Negative Sentiment: Insiders sold shares this week, including director Gregory Moore and insider Lloyd Paul Marshall, which can create a slight headwind if investors read the activity as limited near-term enthusiasm. SEC filing for Lloyd Paul Marshall transaction

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.