Texas Roadhouse, Inc. $TXRH Stock Bought by M&G PLC

M&G PLC boosted its stake in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 10.4% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 81,663 shares of the restaurant operator’s stock after buying an additional 7,711 shares during the period. M&G PLC owned approximately 0.12% of Texas Roadhouse worth $12,739,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of TXRH. AlphaCore Capital LLC boosted its stake in shares of Texas Roadhouse by 19.0% during the 3rd quarter. AlphaCore Capital LLC now owns 3,425 shares of the restaurant operator’s stock worth $535,000 after purchasing an additional 546 shares during the period. Running Oak Capital LLC grew its holdings in Texas Roadhouse by 2.0% during the 3rd quarter. Running Oak Capital LLC now owns 61,283 shares of the restaurant operator’s stock valued at $9,581,000 after purchasing an additional 1,194 shares during the last quarter. Allspring Global Investments Holdings LLC raised its position in Texas Roadhouse by 2.6% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,387 shares of the restaurant operator’s stock worth $374,000 after purchasing an additional 61 shares during the period. CenterBook Partners LP purchased a new stake in Texas Roadhouse in the 3rd quarter worth about $2,236,000. Finally, Allegiance Financial Group Advisory Services LLC raised its position in Texas Roadhouse by 35.5% in the 3rd quarter. Allegiance Financial Group Advisory Services LLC now owns 1,507 shares of the restaurant operator’s stock worth $236,000 after purchasing an additional 395 shares during the period. Institutional investors own 94.82% of the company’s stock.

Wall Street Analysts Forecast Growth

TXRH has been the subject of several recent analyst reports. Evercore set a $220.00 target price on Texas Roadhouse in a research report on Friday, September 25th. Vertical Research upgraded Texas Roadhouse to a “buy” rating in a report on Wednesday, October 14th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $235.00 price target on shares of Texas Roadhouse in a research note on Monday, August 3rd. Robert W. Baird upgraded Texas Roadhouse to a “strong-buy” rating in a report on Monday, August 24th. Finally, Piper Sandler upped their price objective on Texas Roadhouse from $192.00 to $208.00 and gave the company a “neutral” rating in a research report on Monday, August 10th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $208.04.

Texas Roadhouse Trading Down 1.2%

TXRH stock opened at $188.16 on Wednesday. The company has a market capitalization of $12.35 billion, a PE ratio of 29.58, a P/E/G ratio of 2.19 and a beta of 0.81. Texas Roadhouse, Inc. has a 12 month low of $153.82 and a 12 month high of $216.30. The firm’s 50-day moving average is $172.41 and its 200 day moving average is $179.04. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.38 and a quick ratio of 0.39.

Texas Roadhouse (NASDAQ:TXRH) last released its quarterly earnings data on Thursday, November 5th. The restaurant operator reported $1.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.46 by ($0.10). The company had revenue of $1.57 billion during the quarter, compared to analysts’ expectations of $1.58 billion. Texas Roadhouse had a net margin of 6.59% and a return on equity of 27.01%. Texas Roadhouse’s quarterly revenue was up 9.5% on a year-over-year basis. During the same period last year, the firm earned $1.25 earnings per share. On average, research analysts anticipate that Texas Roadhouse, Inc. will post 6.37 EPS for the current year.

Texas Roadhouse Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 29th. Investors of record on Tuesday, December 1st will be issued a $0.75 dividend. The ex-dividend date is Tuesday, December 1st. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.6%. Texas Roadhouse’s payout ratio is presently 47.17%.

Insider Transactions at Texas Roadhouse

In related news, Director Donna Epps sold 820 shares of the business’s stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $206.56, for a total value of $169,379.20. Following the completion of the sale, the director owned 4,042 shares in the company, valued at approximately $834,915.52. The trade was a 16.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Hugh Carroll sold 650 shares of the stock in a transaction that occurred on Tuesday, August 25th. The stock was sold at an average price of $203.99, for a total value of $132,593.50. Following the completion of the transaction, the director directly owned 2,883 shares in the company, valued at approximately $588,103.17. This trade represents a 18.40% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 16,970 shares of company stock worth $3,436,848 over the last three months. Company insiders own 0.50% of the company’s stock.

Texas Roadhouse Company Profile

Texas Roadhouse, Inc. operates and franchises casual dining restaurants under the Texas Roadhouse, Bubba’s 33 and Jaggers brands. Its restaurants are known for a lively atmosphere and made-from-scratch food. The Texas Roadhouse menu features hand-cut steaks, ribs, chicken, seafood and made-from-scratch sides, along with freshly baked bread. Bubba’s 33 offers a sports-bar setting with items such as burgers, pizza and wings, while Jaggers focuses on burgers, chicken sandwiches and salads. Founded in 1993 in Clarksville, Indiana, Texas Roadhouse is headquartered in Louisville, Kentucky.