TCG Advisory Services LLC Buys New Position in Texas Roadhouse, Inc. (NASDAQ:TXRH)

TCG Advisory Services LLC bought a new position in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 39,787 shares of the restaurant operator’s stock, valued at approximately $4,863,000.

Other institutional investors also recently added to or reduced their stakes in the company. Invesco Ltd. increased its position in shares of Texas Roadhouse by 40.7% during the third quarter. Invesco Ltd. now owns 1,281,296 shares of the restaurant operator’s stock worth $123,133,000 after acquiring an additional 370,627 shares during the last quarter. Qube Research & Technologies Ltd lifted its holdings in shares of Texas Roadhouse by 60.9% in the third quarter. Qube Research & Technologies Ltd now owns 777,893 shares of the restaurant operator’s stock valued at $74,756,000 after purchasing an additional 294,425 shares in the last quarter. California Public Employees Retirement System raised its holdings in shares of Texas Roadhouse by 164.8% during the third quarter. California Public Employees Retirement System now owns 362,059 shares of the restaurant operator’s stock worth $34,794,000 after acquiring an additional 225,338 shares in the last quarter. Victory Capital Management Inc. increased its position in Texas Roadhouse by 26.3% during the third quarter. Victory Capital Management Inc. now owns 985,795 shares of the restaurant operator’s stock worth $94,735,000 after buying an additional 205,064 shares during the last quarter. Finally, ING Groep NV acquired a new position in Texas Roadhouse during the third quarter worth $18,622,000. Institutional investors and hedge funds own 94.82% of the company’s stock.

Insider Buying and Selling at Texas Roadhouse

In other news, Director Donna E. Epps sold 670 shares of Texas Roadhouse stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $149.97, for a total value of $100,479.90. Following the completion of the transaction, the director now owns 4,142 shares in the company, valued at $621,175.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, President Regina A. Tobin sold 3,064 shares of the business’s stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $150.07, for a total value of $459,814.48. Following the completion of the transaction, the president now directly owns 15,261 shares in the company, valued at approximately $2,290,218.27. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Donna E. Epps sold 670 shares of the company’s stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $149.97, for a total transaction of $100,479.90. Following the sale, the director now directly owns 4,142 shares of the company’s stock, valued at approximately $621,175.74. The disclosure for this sale can be found here. In the last quarter, insiders sold 12,382 shares of company stock worth $1,843,145. Insiders own 0.50% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on TXRH. Evercore ISI increased their target price on shares of Texas Roadhouse from $160.00 to $175.00 and gave the company an “outperform” rating in a research note on Friday. Wedbush boosted their price objective on shares of Texas Roadhouse from $170.00 to $180.00 and gave the company an “outperform” rating in a research report on Friday. Northcoast Research lowered shares of Texas Roadhouse from a “buy” rating to a “neutral” rating in a research note on Tuesday, February 20th. Citigroup increased their target price on shares of Texas Roadhouse from $178.00 to $183.00 and gave the stock a “buy” rating in a research report on Friday. Finally, BTIG Research raised their price target on shares of Texas Roadhouse from $155.00 to $175.00 and gave the company a “buy” rating in a research note on Friday. Twelve investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $151.30.

Texas Roadhouse Price Performance

Shares of NASDAQ TXRH traded up $5.71 during midday trading on Friday, reaching $163.61. 1,640,850 shares of the stock were exchanged, compared to its average volume of 835,599. The business has a 50-day simple moving average of $152.50 and a two-hundred day simple moving average of $129.78. The company has a market capitalization of $10.93 billion, a price-to-earnings ratio of 33.12, a P/E/G ratio of 1.77 and a beta of 1.00. Texas Roadhouse, Inc. has a 12 month low of $91.06 and a 12 month high of $170.39.

Texas Roadhouse (NASDAQ:TXRH) last released its quarterly earnings results on Thursday, May 2nd. The restaurant operator reported $1.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.65 by $0.04. The business had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.32 billion. Texas Roadhouse had a return on equity of 29.49% and a net margin of 6.94%. The firm’s quarterly revenue was up 12.5% on a year-over-year basis. During the same period in the previous year, the company posted $1.28 EPS. Equities research analysts expect that Texas Roadhouse, Inc. will post 5.9 earnings per share for the current fiscal year.

Texas Roadhouse Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 26th. Stockholders of record on Wednesday, March 13th were issued a dividend of $0.61 per share. The ex-dividend date was Tuesday, March 12th. This represents a $2.44 annualized dividend and a dividend yield of 1.49%. This is a positive change from Texas Roadhouse’s previous quarterly dividend of $0.55. Texas Roadhouse’s dividend payout ratio is currently 49.39%.

Texas Roadhouse Profile

Texas Roadhouse, Inc, together with its subsidiaries, operates casual dining restaurants in the United States and internationally. It also operates and franchises restaurants under the Texas Roadhouse, Bubba's 33, and Jaggers names in 49 states and ten internationally. Texas Roadhouse, Inc was founded in 1993 and is based in Louisville, Kentucky.