J. Goldman & Co LP Acquires New Position in Texas Roadhouse, Inc. $TXRH

J. Goldman & Co LP bought a new stake in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) in the 2nd quarter, Holdings Channel.com reports. The institutional investor bought 53,997 shares of the restaurant operator’s stock, valued at approximately $10,434,000.

Several other hedge funds have also made changes to their positions in TXRH. Ranger Investment Management L.P. bought a new stake in Texas Roadhouse in the 2nd quarter valued at about $21,560,000. Stephens Investment Management Group LLC grew its position in Texas Roadhouse by 98.2% in the 4th quarter. Stephens Investment Management Group LLC now owns 370,225 shares of the restaurant operator’s stock worth $61,457,000 after purchasing an additional 183,422 shares during the last quarter. Callan Family Office LLC acquired a new stake in shares of Texas Roadhouse in the second quarter valued at approximately $1,449,000. Jefferies Financial Group Inc. acquired a new stake in shares of Texas Roadhouse in the fourth quarter valued at approximately $977,000. Finally, Amica Mutual Insurance Co. acquired a new stake in shares of Texas Roadhouse in the fourth quarter valued at approximately $989,000. Institutional investors own 94.82% of the company’s stock.

Texas Roadhouse Price Performance

Shares of NASDAQ TXRH opened at $203.28 on Wednesday. Texas Roadhouse, Inc. has a twelve month low of $153.82 and a twelve month high of $216.30. The company has a current ratio of 0.46, a quick ratio of 0.39 and a debt-to-equity ratio of 0.03. The firm has a 50-day moving average of $196.72 and a two-hundred day moving average of $180.44. The company has a market capitalization of $13.34 billion, a price-to-earnings ratio of 32.52, a PEG ratio of 2.03 and a beta of 0.79.

Texas Roadhouse (NASDAQ:TXRH) last announced its quarterly earnings data on Thursday, August 6th. The restaurant operator reported $1.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.83 by $0.02. Texas Roadhouse had a net margin of 6.63% and a return on equity of 27.20%. The company had revenue of $1.68 billion for the quarter, compared to analysts’ expectations of $1.67 billion. During the same quarter in the previous year, the company posted $1.86 EPS. The business’s revenue was up 11.1% compared to the same quarter last year. As a group, analysts expect that Texas Roadhouse, Inc. will post 6.63 earnings per share for the current fiscal year.

Texas Roadhouse Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 29th. Shareholders of record on Tuesday, September 1st will be given a $0.75 dividend. The ex-dividend date is Tuesday, September 1st. This represents a $3.00 annualized dividend and a yield of 1.5%. Texas Roadhouse’s payout ratio is 48.00%.

Analyst Ratings Changes

Several brokerages have recently issued reports on TXRH. Guggenheim reiterated a “buy” rating and set a $210.00 price objective on shares of Texas Roadhouse in a research report on Monday, May 18th. Robert W. Baird set a $235.00 target price on Texas Roadhouse in a research report on Friday, August 7th. Wells Fargo & Company boosted their price target on Texas Roadhouse from $220.00 to $230.00 and gave the stock an “overweight” rating in a research report on Friday, August 7th. Citigroup raised their price target on Texas Roadhouse from $193.00 to $209.00 and gave the company a “neutral” rating in a report on Friday, August 7th. Finally, Benchmark restated a “hold” rating on shares of Texas Roadhouse in a research note on Monday, August 10th. Ten investment analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $208.48.

Insider Buying and Selling at Texas Roadhouse

In other news, General Counsel Sean G. Renfroe sold 426 shares of the firm’s stock in a transaction on Thursday, July 2nd. The stock was sold at an average price of $192.53, for a total transaction of $82,017.78. Following the completion of the sale, the general counsel directly owned 860 shares of the company’s stock, valued at $165,575.80. This trade represents a 33.13% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Gregory N. Moore sold 3,000 shares of the business’s stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $208.32, for a total value of $624,960.00. Following the sale, the director directly owned 26,900 shares in the company, valued at $5,603,808. This trade represents a 10.03% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 19,246 shares of company stock worth $3,908,907. 0.50% of the stock is owned by corporate 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.