Pacer Advisors Inc. Acquires 3,259 Shares of Texas Roadhouse, Inc. $TXRH

Pacer Advisors Inc. lifted its stake in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 59.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,750 shares of the restaurant operator’s stock after purchasing an additional 3,259 shares during the period. Pacer Advisors Inc.’s holdings in Texas Roadhouse were worth $1,454,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in TXRH. Caldwell Trust Co purchased a new stake in Texas Roadhouse in the 2nd quarter valued at about $28,000. Ameritas Advisory Services LLC bought a new stake in shares of Texas Roadhouse during the second quarter valued at approximately $53,000. Bogart Wealth LLC boosted its holdings in shares of Texas Roadhouse by 51.5% in the second quarter. Bogart Wealth LLC now owns 303 shares of the restaurant operator’s stock valued at $57,000 after purchasing an additional 103 shares during the period. Farther Finance Advisors LLC grew its stake in Texas Roadhouse by 22.8% in the second quarter. Farther Finance Advisors LLC now owns 312 shares of the restaurant operator’s stock worth $59,000 after purchasing an additional 58 shares in the last quarter. Finally, Geneos Wealth Management Inc. grew its stake in Texas Roadhouse by 36.0% in the first quarter. Geneos Wealth Management Inc. now owns 419 shares of the restaurant operator’s stock worth $70,000 after purchasing an additional 111 shares in the last quarter. Hedge funds and other institutional investors own 94.82% of the company’s stock.

Texas Roadhouse Price Performance

Shares of TXRH stock opened at $166.00 on Friday. The stock’s 50-day moving average is $168.80 and its 200 day moving average is $174.09. Texas Roadhouse, Inc. has a 1-year low of $148.73 and a 1-year high of $199.99. The company has a market cap of $10.98 billion, a P/E ratio of 25.38, a PEG ratio of 2.70 and a beta of 0.89.

Texas Roadhouse (NASDAQ:TXRH) last announced its earnings results on Thursday, November 6th. The restaurant operator reported $1.25 EPS for the quarter, missing analysts’ consensus estimates of $1.28 by ($0.03). Texas Roadhouse had a return on equity of 30.59% and a net margin of 7.49%.The firm had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.43 billion. During the same quarter in the prior year, the firm posted $1.26 earnings per share. The business’s revenue for the quarter was up 12.8% compared to the same quarter last year. On average, analysts anticipate that Texas Roadhouse, Inc. will post 7.23 EPS for the current year.

Texas Roadhouse Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 30th. Investors of record on Tuesday, December 2nd were given a dividend of $0.68 per share. The ex-dividend date of this dividend was Tuesday, December 2nd. This represents a $2.72 dividend on an annualized basis and a yield of 1.6%. Texas Roadhouse’s dividend payout ratio is presently 41.59%.

Analyst Ratings Changes

TXRH has been the subject of a number of research analyst reports. Morgan Stanley decreased their target price on Texas Roadhouse from $210.00 to $205.00 and set an “overweight” rating for the company in a research report on Monday, November 10th. Weiss Ratings restated a “buy (b-)” rating on shares of Texas Roadhouse in a research note on Monday. Barclays lowered their price objective on shares of Texas Roadhouse from $187.00 to $170.00 and set an “equal weight” rating for the company in a research note on Friday, November 7th. Truist Financial dropped their target price on shares of Texas Roadhouse from $210.00 to $195.00 and set a “buy” rating on the stock in a report on Friday, November 7th. Finally, Zacks Research lowered shares of Texas Roadhouse from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 22nd. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Texas Roadhouse has a consensus rating of “Moderate Buy” and a consensus target price of $194.26.

Insider Buying and Selling

In other news, Director Gregory N. Moore sold 1,400 shares of the stock in a transaction on Wednesday, December 3rd. The stock was sold at an average price of $170.00, for a total transaction of $238,000.00. Following the completion of the sale, the director owned 32,150 shares in the company, valued at approximately $5,465,500. This represents a 4.17% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Hugh J. Carroll sold 1,000 shares of the firm’s stock in a transaction on Thursday, December 4th. The stock was sold at an average price of $167.27, for a total value of $167,270.00. Following the completion of the sale, the director directly owned 1,854 shares of the company’s stock, valued at $310,118.58. The trade was a 35.04% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 0.50% of the company’s stock.

Texas Roadhouse Company Profile

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.