Lisanti Capital Growth LLC Buys New Holdings in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Lisanti Capital Growth LLC bought a new stake in Texas Roadhouse, Inc. (NASDAQ:TXRH) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 6,840 shares of the restaurant operator’s stock, valued at approximately $836,000.

A number of other large investors have also modified their holdings of the company. Wellington Management Group LLP lifted its holdings in shares of Texas Roadhouse by 1.7% during the third quarter. Wellington Management Group LLP now owns 1,807,430 shares of the restaurant operator’s stock valued at $173,694,000 after acquiring an additional 29,506 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of Texas Roadhouse by 0.5% during the third quarter. JPMorgan Chase & Co. now owns 1,611,543 shares of the restaurant operator’s stock valued at $154,869,000 after acquiring an additional 8,392 shares during the period. Invesco Ltd. lifted its holdings 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 valued at $123,133,000 after acquiring an additional 370,627 shares during the period. Victory Capital Management Inc. increased its stake in shares of Texas Roadhouse by 26.3% in the third quarter. Victory Capital Management Inc. now owns 985,795 shares of the restaurant operator’s stock valued at $94,735,000 after buying an additional 205,064 shares in the last quarter. Finally, Qube Research & Technologies Ltd increased its stake 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 buying an additional 294,425 shares in the last quarter. 94.82% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, President Regina A. Tobin sold 3,064 shares of Texas Roadhouse stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $150.07, for a total transaction of $459,814.48. Following the transaction, the president now owns 15,261 shares in the company, valued at approximately $2,290,218.27. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Texas Roadhouse news, President Regina A. Tobin sold 3,064 shares of the business’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $150.07, for a total value of $459,814.48. Following the sale, the president now owns 15,261 shares in the company, valued at approximately $2,290,218.27. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Christopher C. Colson sold 405 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $149.05, for a total value of $60,365.25. Following the completion of the sale, the insider now owns 8,500 shares in the company, valued at approximately $1,266,925. The disclosure for this sale can be found here. Insiders have sold 12,382 shares of company stock worth $1,843,145 in the last 90 days. Corporate insiders own 0.50% of the company’s stock.

Analyst Upgrades and Downgrades

TXRH has been the subject of a number of research reports. Robert W. Baird raised their target price on Texas Roadhouse from $178.00 to $182.00 and gave the company an “outperform” rating in a research note on Friday. Truist Financial raised their target price on Texas Roadhouse from $170.00 to $181.00 and gave the company a “buy” rating in a research note on Friday. JPMorgan Chase & Co. raised their target price on Texas Roadhouse from $142.00 to $145.00 and gave the company a “neutral” rating in a research note on Tuesday, March 19th. Evercore ISI raised their target price on Texas Roadhouse from $160.00 to $175.00 and gave the company an “outperform” rating in a research note on Friday. Finally, Wedbush raised their target price on Texas Roadhouse from $170.00 to $180.00 and gave the company an “outperform” rating in a research note on Friday. Thirteen research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, Texas Roadhouse currently has a consensus rating of “Hold” and an average target price of $155.55.

Texas Roadhouse Price Performance

Shares of Texas Roadhouse stock traded down $1.67 during trading on Tuesday, hitting $166.07. 891,108 shares of the company were exchanged, compared to its average volume of 824,688. The firm has a market capitalization of $11.10 billion, a P/E ratio of 33.60, a price-to-earnings-growth ratio of 1.73 and a beta of 1.00. Texas Roadhouse, Inc. has a 1-year low of $91.06 and a 1-year high of $170.39. The firm’s fifty day moving average price is $152.85 and its 200 day moving average price is $130.52.

Texas Roadhouse (NASDAQ:TXRH) last released its quarterly earnings data on Thursday, May 2nd. The restaurant operator reported $1.69 earnings per share for the quarter, beating the consensus estimate of $1.65 by $0.04. Texas Roadhouse had a return on equity of 28.85% and a net margin of 6.94%. The business had revenue of $1.32 billion for the quarter, compared to analysts’ expectations of $1.32 billion. During the same quarter in the previous year, the business posted $1.28 EPS. Texas Roadhouse’s revenue for the quarter was up 12.5% on a year-over-year basis. As a group, equities research analysts anticipate that Texas Roadhouse, Inc. will post 5.9 earnings per share for the current year.

Texas Roadhouse Increases Dividend

The firm 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. This represents a $2.44 annualized dividend and a dividend yield of 1.47%. The ex-dividend date was Tuesday, March 12th. This is a boost from Texas Roadhouse’s previous quarterly dividend of $0.55. Texas Roadhouse’s payout ratio is 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.