Texas Roadhouse, Inc. $TXRH Stock Position Raised by Capital World Investors

Capital World Investors lifted its stake in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 13.4% in the 4th quarter, HoldingsChannel.com reports. The fund owned 2,537,290 shares of the restaurant operator’s stock after acquiring an additional 300,405 shares during the quarter. Capital World Investors’ holdings in Texas Roadhouse were worth $421,190,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Elyxium Wealth LLC bought a new stake in shares of Texas Roadhouse during the 4th quarter worth $25,000. Princeton Global Asset Management LLC bought a new stake in shares of Texas Roadhouse during the 4th quarter worth $31,000. Measured Wealth Private Client Group LLC acquired a new stake in shares of Texas Roadhouse in the third quarter worth $33,000. TD Private Client Wealth LLC boosted its position in shares of Texas Roadhouse by 137.5% in the fourth quarter. TD Private Client Wealth LLC now owns 266 shares of the restaurant operator’s stock worth $44,000 after buying an additional 154 shares during the period. Finally, Los Angeles Capital Management LLC acquired a new stake in shares of Texas Roadhouse in the fourth quarter worth $48,000. 94.82% of the stock is owned by institutional investors.

Texas Roadhouse Price Performance

TXRH opened at $170.46 on Monday. The stock has a market cap of $11.20 billion, a price-to-earnings ratio of 27.23, a PEG ratio of 1.87 and a beta of 0.79. Texas Roadhouse, Inc. has a 1 year low of $153.82 and a 1 year high of $197.00. The company has a current ratio of 0.46, a quick ratio of 0.40 and a debt-to-equity ratio of 0.03. The stock has a fifty day moving average price of $168.02 and a 200 day moving average price of $173.79.

Texas Roadhouse (NASDAQ:TXRH) last released its quarterly earnings data on Thursday, May 7th. The restaurant operator reported $1.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.80 by $0.07. The firm had revenue of $1.63 billion during the quarter, compared to analysts’ expectations of $1.64 billion. Texas Roadhouse had a return on equity of 27.86% and a net margin of 6.85%.The business’s revenue for the quarter was up 10.5% on a year-over-year basis. During the same quarter last year, the firm earned $1.70 earnings per share. Analysts forecast that Texas Roadhouse, Inc. will post 6.4 EPS for the current fiscal year.

Texas Roadhouse Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors 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 dividend on an annualized basis and a yield of 1.8%. Texas Roadhouse’s dividend payout ratio (DPR) is presently 47.92%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on TXRH. Truist Financial decreased their target price on Texas Roadhouse from $188.00 to $186.00 and set a “hold” rating for the company in a research report on Friday, February 20th. JPMorgan Chase & Co. raised their target price on Texas Roadhouse from $182.00 to $188.00 and gave the stock a “neutral” rating in a research report on Thursday, May 14th. BMO Capital Markets raised their target price on Texas Roadhouse from $165.00 to $180.00 and gave the stock a “market perform” rating in a research report on Thursday, May 21st. Benchmark reaffirmed a “hold” rating on shares of Texas Roadhouse in a research report on Monday, February 23rd. Finally, Guggenheim reaffirmed a “buy” rating and issued a $210.00 target price on shares of Texas Roadhouse in a research report on Monday, May 18th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and fourteen have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $196.36.

Insider Activity

In other Texas Roadhouse news, Director Jane Grote Abell sold 339 shares of the business’s stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $177.43, for a total value of $60,148.77. Following the completion of the sale, the director owned 2,161 shares of the company’s stock, valued at $383,426.23. The trade was a 13.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Christopher C. Colson sold 499 shares of the business’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $179.22, for a total value of $89,430.78. Following the completion of the sale, the insider directly owned 14,500 shares of the company’s stock, valued at $2,598,690. This represents a 3.33% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 16,166 shares of company stock valued at $2,813,705. 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.